Answer:
Total variance= 69,250 unfavorable
Explanation:
Giving the following information:
Each bottle has a standard labor requirement of 0.01 hours. During April, 550,000 bottles were produced using 13,000 labor hours for $8.50. The standard wage rate is $7.50 per hour.
Direct labor efficiency variance= (SQ - AQ)*standard rate
Direct labor efficiency variance= (5,500 - 13,000)*7.5= 56,250 unfavorable
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Direct labor rate variance= (7.5 - 8.5)*13,000= 13,000 unfavorable
Total variance= 69,250 unfavorable
In this, John Maynard Keynes economist thought that government should stay out of economic decisions, that the economy should be guided by the forces of supply and demand alone.
<h3>Who was John Maynard Keynes?</h3>
British economist John Maynard Keynes (1883–1946), often considered as the father of contemporary macroeconomics, is the source of the name, theories, and guiding principles of Keynesian economics.
Keynes warned that the harsh terms the Versailles peace deal imposed on Germany to finish World War I would spark a new European conflict in The Economic Consequences of the Peace, published in 1919.
The difference between Keynesians and other economists is their support for activist measures to lessen the amplitude of the business cycle, which they consider to be one of the most pressing issues in the economy.
Therefore, in this, John Maynard Keynes economist thought that government should stay out of economic decisions, that the economy should be guided by the forces of supply and demand alone.
To know more about the John Maynard Keynes, visit:
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Answer:
The most important determinant of the the time period firms have to adjust to the new price
Explanation:
The option 1 is not correct as it is not defining the price elasticity.
The option 2 is correct as the effect of time on the price elasticity of supply is most significant
The option 3 is not correct because price is the outcome of the price elasticity of supply.
The option 4 is not correct as it is not a determinant of the price elasticity of the supply.
Answer:
Assuming an amount of $200,000 the riskiest transaction is:
Commercial Paper
Explanation:
A certificate of deposit is a fixed savings account in which the account holder deposits some amount for a fixed period in return for the interest payable by the bank, including the initial deposit.
A commercial paper is a short-term corporation debt issued to finance the purchase of inventories and payment of accounts payable, payroll, and other short-term corporate debts.
A Banker's Acceptance is a short-term guarantee issued by a bank to make it legally binding on the bank to pay an amount arising from a business relationship between a customer and a seller. It is usually used when the seller and the customer have not established a strong credit relationship.
Repurchase Agreements are short-term debts established by dealers in government securities. The dealer sells government securities to investors, usually on an overnight basis, so that they can buy them back the following day at slightly higher prices.
The interest charge would be $18.33.
11% of $2000 Is $220. $220 Is your total value of interest each year. Divide this by 12 (months per calender year) to get your interest charge for 1 month.
