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3 years ago

Junk bonds are offered at higher interest rates than government bonds or corporate bonds with good ratings.

Business

1 answer:

SpyIntel [72]3 years ago

5 0

The answer for this question is False

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Solly Corporation produces a product for national distribution. Standards for the product are: • Materials: 12 ounces per unit a

zhannawk [14.2K]

Answer:

Direct labor rate variance= $650 unfavorable

Explanation:

Giving the following information:

Standards for the product are:

Labor: 2 hours per unit at $8 per hour.

During December, the company produced 1,000 units.

Labor: 2,500 hours worked at a total cost of $20,625.

To calculate the labor rate variance, we need to use the following formula:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Actual rate= 20,650/2,500= $8.26

Direct labor rate variance= (8 - 8.26)*2,500

Direct labor rate variance= $650 unfavorable

3 0

3 years ago

When kinko's replenishes its supply of copy paper, it most likely involves a _____ situation?

damaskus [11]

That he is adding paper to the copier

5 0

3 years ago

2. Matthew bakes apple pies that he sells at the local farmer’s market. If the price of apples increases, the a. supply curve fo

nikklg [1K]

Answer:

The correct answer is option b.

Explanation:

Mathew bakes and sells apple pies. Apple here is used as an input. If the price of apple increases, it means the cost of producing apple pies is increasing as well.

At the given cost the firm will be able to produce fewer apple pies. This will cause a reduction in the supply of apple pies. Consequently, the supply curve will shift to the left.

5 0

3 years ago

ABC Manufacturing has total fixed costs of $460,000. A unit of product sells for $20 and variable costs per unit are $11. Prepar

labwork [276]

Answer:

Net Income (Loss) = $440,000

Explanation:

Total Fixed Cost = $460000

Total Variable Cost = $11 * 100,000 unit = $1100000

Total Revenue = $20 * 100,ooo unit = $2000000

Contribution Margin = TR- TVC = ($200,000 - $1,100,000) = -$900,000

Net Income = Contribution margin - Total Fixed cost

Net Income (Loss) = $900,000 - $460,000

= $440,000

3 0

3 years ago

Phil enters into a contract with Quality Resorts, Inc., to work as a chef. Under the plain meaning rule, the meaning of this con

icang [17]

Answer:

"The face of the instrument"

Explanation:

This is a legal phrase which means the contract (aka the "instrument") must be read "on its face." Basically, you should put everything you want the contract to say in plain language and the parties are only held to the plain, common understanding of exactly what is written down.

The idea is that no party can go back and say that something else is expected or implied from the contract unless it is actually written down.

7 0

3 years ago