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nexus9112 [7]
2 years ago
5

For an FBLA-PBL member who is interested in running for a state or national

Business
1 answer:
DanielleElmas [232]2 years ago
6 0

Answer:A

Explanation: i did the test

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The difference between the standard cost of a product and its actual cost is called a variance.
-Dominant- [34]

The difference between the standard cost of a product and its actual cost is called a cost variance. Therefore the statement is true.

<h3>What is the objective of variance?</h3>

Changing across all of the pieces of information in a data set, variance is a measurement of distribution. It enables us to estimate how far away a set of factors are from each other.

To describe the variation or difference between the standard cost of a product and its actual cost the use of cost variance is done. It is utilized to estimate the financial performance of any project.

Therefore, the statement is True.

Learn more about Variance, here:

brainly.com/question/16269880

#SPJ1

7 0
1 year ago
Each year a company selects a number of employees for a management training program. On average, 60 percent of those sent comple
Gnesinka [82]

Answer:

the probability that exactly 8 complete the program is 0.001025

Explanation:

given information:

60 % of those sent complete the program, p = 0.6

the total of people being sent, n = 27

exactly 8 complete the program, x = 8

to find the probability, we can use the following formula

P(X=x)=\left[\begin{array}{ccc}n\\x\\\end{array}\right] p^{x} (1-p)^{n-x}

P(X=8)=\left[\begin{array}{ccc}27\\8\\\end{array}\right] 0.6^{8} (1-0.6)^{27-8}

P(X=8)=\left[\begin{array}{ccc}27\\8\\\end{array}\right] 0.6^{8} (0.4)^{19}

                = 0.001025

3 0
3 years ago
Suppose someone offered to sell you a note calling for the payment of $1,000 15 months from today. They offer to sell it to you
Dima020 [189]

Answer:

1. The future value = 1000

Now we are to calculate the future value of bank savings

= 850x(1+0.07)^15/12

= 850x1.07^1.25

=$925.0147

So it is better to buy note.

2. Present value = 1000/(1.07^15/12)

= 1000/1.08825252622

= $918.9

For one to get same amount of money then savings would have to be increased. So we choose note

3. EAR = EFF%

= 1000/(850^12/15)-1

= 13.88%

We have EAR on bank as 7% and that of note as 13.88%. note is higher so we choose note

3 0
3 years ago
Pretty Lady Cosmetic Products has an average production process time of 40 days. Finished goods are kept on hand for an average
Yuki888 [10]

Based on the production process time, the days finished goods are kept on hand and others, the operating cycle would be 50 days.  

<h3>What is the operating cycle?
</h3>

The operating cycle can be found as:

= Average production time + Finished goods holding period + Accounts receivable outstanding period - Days of credit

Solving gives:

= 40 + 15 + 35 - 40

= 50 days

Find out more on operating cycle at brainly.com/question/26482515.

6 0
2 years ago
Gently laser clinic purchased laser equipment for $4,445 and paid $633 down, with the remainder to be paid later. the correct en
xxMikexx [17]

Answer:

Accounts Payable $3,812 credit

<h3>Explanation:</h3>

Equipment  $4,445 debit,

Cash $633 credit,

now, $4445- $633 = $3,812

The correct entry would be $3,812.

To learn more about it, refer

to brainly.com/question/26106218

#SPJ4

5 0
2 years ago
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