Answer:
both (a) and (b) are true
That is:
a. job one pays less per day but more per hour.
b. job three pays more per day and more per hour.
Explanation:
An indifference curve is one that shows all combinations of a good or activity that gives the same level of satisfaction to the consumer, and so the consumer is indifferent.
In this instance the worker is indifferent between job one lasting 4 hours a day, job two lasting 8 hours a day (pays $10 an hour), and job three lasting 12 hours a day.
For the worker to be indifferent job one must pay more per hour and less per day. Whole job 3 wi pay more per day and more per hour.
Answer:
d. sinking fund.
Explanation:
A bond refers to a debt or fixed investment security, in which a bondholder (creditor or investor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time.
Generally, the bond issuer is expected to return the principal at maturity with an agreed upon interest to the bondholder, which is payable at fixed intervals.
A sinking fund is a provision of a bond indenture which is designed to ease the burden of principal repayment by spreading it out over several years.
<em>Hence, a sinking fund is generally viewed or assumed to protect the bondholders such as creditors or investors because the fund set aside would serve as a collateral incase the bond issuer can't pay in the future. </em>
Answer:
Total= 446,000 units
Explanation:
Giving the following information:
The inventory should equal 20% of the next month’s estimated unit sales. It estimates that October’s actual ending inventory will consist of 92,000 units. November and December sales are estimated to be 460,000 and 390,000 units, respectively.
Production:
Sales= 460,000
Ending inventory= (390,000*0.2)= 78,000
Beginning inventory= (92,000)
Total= 446,000 units
Answer:
1. Flexible budget: A summarized budget for several levels of volume that separates variable costs from fixed costs. ▼ a.
2. Static budget: A budget prepared for only one level of sales. ▼ d.
3. Variance: The difference between an actual amount and the budgeted amount. ▼ e.
4. Flexible budget variance: The difference arising because the company actually earned more or less revenue, or incurred more or less cost, than expected for the actual level of output. ▼ b.
5. Sales volume variance: The difference arising only because the number of units actually sold differs from the static budget units. ▼ c.
<span>Food service operators must pay attention to detail and watch their finances in order to maximize the profit they can generate through the operation of their business. There are many aspects of a food service business that have potential to be a loss, so operators must be aware of these aspects - such as loss from ordering too much food or ingredients, employee theft, and so on.</span>
