Answer:
The correct answer is: a centralized planned economy.
Explanation:
To begin with, a planned economy is a type of economic system where the investment, the production and more take place under a production plan develop by the organization in charge, in this case, the government. Moreover, a centralized form of planned economy characterizes by the qualities of not letting the people and the market decide freely by instead is the government who takes all the decisions that will impact in the economy.
The fact that Stormie receive a list with all the information about the prices and restrictions in the economy indicates that she lives under a centralized planned economy system.
Answer:
a) although both methods result in the same net increase or decrease in cash for the year, net cash flow from operating activities will be different under the two methods
Explanation:
Using the indirect method, computation of cash flow from operating activities begins with net income as shown in the income statement. The FASB also permits both methods but has expressed a preference for the direct method and the direct method shows the specific cash inflow and outflows for each operating activities of the business.
This option that does not align with the differences between the 2 methods is that the cash flow reported under direct and indirect method for operating activities would always remain the same notwithstanding the method used.
Answer:
$4,001 unfavorable
Explanation:
The computation of the revenue variance is shown below:
Revenue variance = Revenue at Flexible budget - Actual revenue
where,
Revenue at flexible budget is
= 3,630 × $34.50
= $125,235
And, the actual revenue is $121,234
So, the revenue variance is
= $125,235 - $121,234
= $4,001 unfavorable
We simply deduct the actual revenue from the flexible budget revenue so that the revenue variance could come
Answer:
Producing 4 units yields the highest marginal revenue at 1500.
Explanation:
To calculate marginal revenue we look at the change in revenue figure compared to the change in units. In other words dividing the change in total revenue by the change in total output quantity.
Based on the information given these are the changes in marginal revenue per quantity.
1. 1200
2. 2200 - 1200 = 1000
3. 3400 - 2200 = 1200
4. 4900 - 3400 = 1500
5. 5500 - 4900 = 600
6. 6000 - 5500 = 500
7. 6500 - 6000 = 500
8. 6200 - 6500 = (300)
Thus based on the comparisons of the different quantities optimal marginal revenue is reached at 4 units of production. 1500 total marginal revenue
Answer:
9.24 days
Explanation:
Calculation for How long does it take for the firm's credit customers to pay for their purchases
First step is to calculate Receivables turnover
Using this formula
Receivables turnover=Sales/Average accounts receivable
Let plug in the formula
Receivables turnover = $387,000/$9,800
Receivables turnover= 39.48979592
Last step is to calculate the Receivables period using this formula
Receivables period = Numbers of days in a year/Receivables turnover
Let plug in the formula
Receivables period = 365 days/39.48979592
Receivables period = 9.24 days
Therefore How long does it take for the firm's credit customers to pay for their purchases is 9.24 days