Answer
a) $15
Explanation:
We will use the formula for Total labor variance to arrive at Standard rate.
Total labor variance = (Actual hours × Actual rate) - (Standard hours × Standard rate)
Substituting the data above into the formula, we'll have;
-$23,000 = (4,000 × $13) - (5,000 × SR)
-$23,000 = $52,000 - 5,000SR
Collect like terms
5,000SR = $52,000 + $23,000
5,000SR = $75,000
SR = $75,000 / 5,000
SR = $15
When a debtor offers to pay a lesser amount than the creditor originally claimed was owed, and a creditor accepts, the agreement is called <u>Accord and Satisfaction</u>
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<h3>Who is a debtor?</h3>
A business or person that owes money is called a debtor. If the debt is in the form of a loan from a financial institution, the debtor is referred to as the borrower, and if the debt is in the form of securities, such bonds, the debtor is referred to as the issuer. A voluntarily petitioner for bankruptcy protection is likewise regarded as a debtor for legal purposes.
<h3>Who is a creditor?</h3>
Usually through a loan arrangement or contract, a creditor is a person or organization that offers credit to another party so they can borrow money. Creditors can be categorized as personal or actual.
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After an investigation by the DBPR, if the complaint is not dismissed and no ESO is issued, a hearing is held. This is further explained below.
<h3>What is the investigation?</h3>
Generally, investigate formally or systematically examine or study something or someone.
In conclusion, An ESO hearing is conducted after an inquiry by the DBPR if no ESO is granted.
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One of the benefits of a differentiated targeting strategy is that it allows the firm to diversify its business and <u>lower overall risk.
</u>This is because by using this type of a targeting strategy, you are addressing multiple target markets, which means that its approach can be as versatile as the company wants it to, thus the overall risk is lowered given that the company is not relying on only one target market, but rather a number of them.<u>
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