Answer:
B) The contract rules of the UCC apply, because the predominant purpose of the contract was sale of goods.
Explanation:
The contract doesn´t include in its mayor part provision of services. And Sally wanted to sue Good Carpet for the services that they provided, not for the good it sells.
Answer:
1,370.85 Unfavorable
Explanation:
Standard rate
:
= Budgeted variable overhead costs ÷ Budgeted direct labor hours
= $13500 ÷ 640
Direct labor hours = $21.09 per direct labor hour
Standard time to produce goods
:
= Budgeted direct labor hours ÷ Production volume
= 640 ÷ 6,400
= 0.10 hours
VOH Efficiency Variance
= ( SH − AH ) × SR
where,
SH are standard direct labor hours allowed
AH are the actual direct labor hours
SR is the standard variable overhead rate
(SH − AH ) × SR
= [(4,200 × 0.10) - 485] × $21.09
= (420 - 485) × $21.09
= 1,370.85 Unfavorable
Answer:
$21,000
Explanation:
initial investment $25,000
we need to determine the expected value of every possibility:
- $15,000 loss ⇒ 20% x $10,000 = $2,000
- $29,000 loss ⇒ 15% x $5,000 = $750
- $40,000 gain ⇒ 5% x $65,000 = $3,250
- break even ⇒ 60% x $25,000 = $15,000
total expected value = $21,000
Answer: D. Liabilities, stockholders' equity, and revenues.
Explanation: In case of liabilities and equity increase by credit because they are the funds with which the company has to finance the assets according to the balance sheet. Example: Accounts payable suppliers, share capital of shareholders.
Revenues correspond to the income statement and also increase in credit. Example: Revenue from sales, income from commissions.
Answer:
The Chinese government manipulates market activities for political purposes.
Explanation:
1. At the moment, the Chinese government is still a communist-style government, so the first option is wrong.
2. At the moment elaborate bureaucracy is still present in the Chinese model of governance, with about ten million active civil servants under government control. Hence the second option is wrong.
3. Presently, China has over 96% literacy rates, therefore the last option is also wrong.
Hence, the correct answer is the third option which states that "The Chinese government manipulates market activities for political purposes."
