Answer: The rule that requires that a contract should be written is Equal dignity rule
Explanation:
Equal-dignities rule is a rule in which an agent act according to the authority give ln by the principal. These action are only taken by the agent through following the written authorization.
It is crucial on cases of fraud hence in this rule a contract is considered on in a written form otherwise it may be rejected .
Answer:
Actual pounds used =4,350
Explanation:
<em>T</em><em>he material quantity variance</em><em> is the difference between the actual quantity of material used and the standard quantity and the difference multiplied by the standard price per quantity. </em>
<em> Pound</em>
Standard quantity 4500
Actual quantity ___y___
Quantity variance ( <u>4,500 - y favourable</u>
Variance in ($) = (4500 -y ) × $2.50
375 = 11,250 - 2.50y
2.50y = 11,250 - 375
= (11,250-375)/2.50
= 4,350
Actual pounds used =4,350
Answer:
an improvement in the education level of the work force of a nation
Explanation:
The production possibility curve is a curve that shows the various quantities of two goods an economy can produce at a given level of technology and amount of labour force.
Factors that leads to an outward shift of the production possibility curve;
1. Increase in labour force
2. Increase in education level of the Labour force
3. Technological advancement
Shifting resources from the production of one good to the production of another leads to a movement along the production possibility curve.
I hope my answer helps you
Answer:
($3,000)
An outflow
Explanation:
The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.
The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.
In cash flow statements, an increase in assets(other than cash) is treated as a cash outflow while a decrease is considered as an inflow of cash.
Hence if accounts receivables balance increases from $45,000 i 2018 to $48,000 in 2019, the change of $3,000 will be shown as an outflow.
Answer: 15,625 sweatshirts.
Explanation:
Assume that the number of sweatshirts Trends needs to sell to break even is x
- The cost to produce and promote one sweatshirt is $10
=> The cost to produce and promote 25,000 sweatshirts would be:
$10 x 25,000 = $250,000
- The price of each Sweatshirt at store is $16
=> The revenue Trends generates when selling x sweatshirts is: 16x
- At break even point, the cost to produce and promote 25,000 sweatshirts is equal to the revenue Trends generates when selling x sweatshirts
=> 16x = $250,000
=> x = 250,000 : 16 = 15,625
Conclusion: <em>15,625 sweatshirts need to be sold for Trends to break even.</em>
