Answer:
TRUE
Explanation:
Supply is sellers ability and willingness to sell a good at given price, time period.
Price of Inputs is a factor negatively effecting Supply. This implies decrease in supply at high input prices (because of lower profit margin), increase in supply at low input prices (because of higher profit margin).
Increase in Supply means rightwards shift in upward sloping supply curve, Decrease in Supply means leftwards shift in upward sloping supply curve.
Steel is an input used in car manufacturing; so increase in steel price will decrease car supply & shift the supply curve leftwards. This will create excess demand/ deficient supply/ shortage of cars in the market at old equilibrium price.
This shortage will then create competition among buyers & increase price, which will contract demand & expand supply - establishing new equilibrium.
Answer:
Direct labor time (efficiency) variance= $6,270 favorable
Explanation:
Giving the following information:
Standard= Direct labor 0.4 hours $ 11.00 per hour
Actual output 2,600 units
Actual direct labor-hours 470 hours
To calculate the direct labor efficiency variance, we need to use the following formula:
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
Standard quantity= 0.4*2,600= 1,040
Direct labor time (efficiency) variance= (1,040 - 470)*11
Direct labor time (efficiency) variance= $6,270 favorable
The process of helping a group to assess its accomplishments and plan alternatives: Termination
Because the future value of annual premiums deposited in a mutual fund is 755 (F/A, 9%, 45) = $397,023.34, Then, the friend is correct since the mutual fund is roughly three times the sum under the Insurance policy.
<h3>Was Liam's
suggestion correct?</h3>
Generally, Premium payment is mathematically given as
X=60-20
X=45years
Where future value is
755 (F/A, 9%, 45)
In conclusion
755 (F/A, 9%, 45) = 755 * 525.8587
755 (F/A, 9%, 45) = $397,023.34
Read more about Arithmetic
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Complete Question
Liam O'Kelly is 20 years old and is thinking about buying a term life insurance policy with his wife as the beneficiary. The quoted annual premium for Liam is $8.39 per thousand dollars of insurance coverage Because Liam wants a $90,000 policy (which is 2.5 times his annual salary), the annual premium would be $755, with the first payment due immediately (i.e., at age 21). A friend of Liam's suggests that the $755 annual premium should be deposited in a good mutual fund rather than in the insurance policy. "If the mutual fund earns 9% per year, you can become a millionaire by the time you retire at age 65," the friend advises.
