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2 years ago

The created a multimember executive, whereas the created a one-person executive

1 answer:

5 0

<span>The looser interpretation of the law created a multimember executive whereas the strict interpretation created a one-person executive. This filling in of the blanks creates an appropriate and meaningful sentence. Laws may be open to various interpretations. If "person" was thought to be a singular physical person, that would give rise to a strict interpretation for the purposes of the law and a "one-person executive". Operational definitions are important, and "person" could be interpreted as an "entity" or a "collective" in which case the looser interpretation of a law would be at play to create the "multi-member executive".</span>

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Qu. 10-150 (Algo) Majer Corporation makes a product with ... Majer Corporation makes a product with the following standard costs

Galina-37 [17]

Answer:

Direct material quantity variance= $10,000 favorable

Explanation:

Giving the following information:

Standard Direct materials 6.4 ounces $ 2.00 per ounce.

Actual output 6,000 units

Raw materials used in production 33,400 ounces

<u>To calculate the direct material quantity variance, we need to use the following formula:</u>

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (6.4*6,000 - 33,400)*2

Direct material quantity variance= (38,400 - 33,400)*2

Direct material quantity variance= $10,000 favorable

3 0

3 years ago

Holdt Inc. produces and sells a single product. The selling price of the product is $230.00 per unit and its variable cost is $6

katovenus [111]

Answer:

A. $1,300 units

Explanation:

Data provided

Fixed expenses = $212,290

Product price = $230.00

Variable cost = $66.70 per unit

The calculation of break-even in monthly unit sales is shown below:-

Unit sales to break even = Fixed expenses ÷ Unit Contribution Margin

= $212,290 ÷ ($230.00 per unit - $66.70 per unit)

= $212,290 ÷ $163.30 per unit

= $1,300 units

Therefore for computing the units sales to break even we simply applied the above formula.

3 0

3 years ago

By comparing opportunity costs and gains from trade for two parties each making the same two goods, one can determine the exact

oksian1 [2.3K]

Answer:

False

Explanation:

Opportunity cost is entirely a different process which helps to determine the cost someone is willing to bear. By comparing opportunity cost gains from the trade it is not possible to get the exact exchange ratio because opportunity cost just measures the range of options someone can take. Those options can lead to benefit for both the parties.

3 0

3 years ago

g Use the following information for questions 4-6. The 2016 Income Statement of Illini Company reported net sales of $8 million,

natima [27]

Answer:

Account receivable turnover ratio = 13.3

ROE= 4.19

Explanation:

Inventory turnover = 5 times

Cost of goods sold = $4.8 million

we know that:

Inventory turnover ratio = Cost of goods sold / Average inventory

5 = 4.5 / Average inventory

Average inventory = 4.5 / 5 = $ 0.9 million.

Account receivable (2016)= 700,000

Account receivable (2015)=500,000

we know that:

Average account receivable = [(open) A/c receivables + (end) a/c receivable ] / 2

= (500,000+700,000) /2

Average account receivable = $ 600,000

we know that: Account receivable turnover ratio= net credit sales / average account receivable.

= 8000000/600000

Account receiable turnover ratio = 13.3.

Asset turnover ratio= 1.8 times

sales = $ 8000000

we know that total asset turnover ratio= total sales / Total asset

1.8 = 8000000/Total assets

Total assets = 8000000/1.8

Total assets =$4,444,444

Return on equity = Net income /Average shareholder equity

Average shareholder equity =[(open) equity + (end) equity)] / 2

Paid-up capital + retained earning (2016)=1000+1140=2140,000

Paid-up capital + retained earning (2015)=1000+670= 1670,000

Average shareholder equity =( 2140,000+1670,000) / 2

=$1905,000

Return on equity = 8000000/1905000 = 4.19

5 0

3 years ago

Crane WaterWorks manufactures snorkel gear. During the past month, Washington purchased 4,130 pounds of plastic to use in its di

goldfiish [28.3K]

Answer:

Direct material price variance= $53.69 unfavorable

Explanation:

Giving the following information:

Actual purchase= 4,130 pounds of plastic

Actual cost= $5,972 (total)

The standard price for the plastic is $1.433 per pound.

The company used 4,060 pounds of the plastic to produce 18,500 dive masks.

To calculate the direct material price variance, we need to use the following formula:

Direct material price variance= (standard price - actual price)*actual quantity

Actual price= 5,972/4,130= $1.446

Direct material price variance= (1.433 - 1.446)*4,130= $53.69 unfavorable

5 0

3 years ago

The ________ created a multimember executive, whereas the ________ created a one-person executive

The created a multimember executive, whereas the created a one-person executive