Answer: The process of verification is used by schools to confirm that data submitted on the FAFSA form is correct
Explanation:
The process of verification is used by schools to confirm that data submitted on the FAFSA form is correct. When you request the verification, the school would request additional documents to support the information you supplied, this is for clarification and ensuring you are the right person or you own the information.
Answer:
$8000
Explanation:
Total variable cost per unit (standard):
= Direct materials + Direct labor + Variable manufacturing overhead
= [3.5 pounds × $4 per pound] + [1 hour × $12 per hour] + [1 hour × $6 per hour]
= $14 + $12 + $6
= $32 per unit
Total variable standard cost:
= Per unit cost × Units produced
= $32 × 250
= $8000
Answer:
1. Demand would REMAIN THE SAME.
Demand would not change as we are told that demand is relatively inelastic.
2. Supply of oranges will DECREASE.
The hurricane destroyed half of the orange crop. This means that there will be less oranges to sell in the market so the supply will reduce.
3. Market Price of Oranges will RISE
With the supply decreasing and the demand remaining the same, the supply curve will shift left and the new equilibrium will be a higher market price to account for the scarcity.
4. Market Quantity will DECREASE
As the supply to the market decrease, the Quantity available in the market will decrease as well.
5. Total Revenue will RISE.
When market prices rise for a commodity with inelastic demand, total revenue will invariably rise.
Answer:
the correct answer is b. A person posts information about furniture he wishes to sell on eBay and sells it to another individual who views that eBay page.
Explanation:
C2C or customer to customer refers to exchanges and transactions carried out between consumers, customers and individuals without the involvement of businesses and the government.
The answer is<u> "b.expense recognition principle".</u>
The expense recognition principle expresses that costs ought to be perceived in indistinguishable period from the incomes to which they relate. On the off chance that this were not the situation, costs would probably be perceived as acquired, which may originate before or take after the period in which the related measure of income is perceived.
The expense recognition principle is a center component of the gathering premise of bookkeeping, which holds that incomes are perceived when earned and costs when devoured. On the off chance that a business were to rather perceive costs when it pays providers, this is known as the money premise of accounting.
