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Law Incorporation [45]
3 years ago
9

Aunt​ Emily's Food Products is famous for its frosted fruit cake. The main ingredient of the cake is dried​ fruit, which Aunt​ E

mily's purchases by the pound. In​ addition, the production requires a certain amount of direct labor. Aunt​ Emily's uses a standard cost​ system, and at the end of the first​ quarter, there was a favorable direct materials cost variance. Which of the following is a logical explanation for that​ variance?
Business
1 answer:
Angelina_Jolie [31]3 years ago
4 0

Answer:

Consider the following explanation.

Explanation:

The logical explanation for that​variance is "<em>The purchasing manager was able to secure a volume discount on dried​ fruit, purchasing the fruit for less than the amount set by standard." As a consecuence of a previpous deal with the provider.</em>

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For the year, Wilson Manufacturing, Inc. increased its current assets by $62,000, decreased its current liabilities by $55,000,
Oksana_A [137]

Answer:

investment cash flow is $19,000

Explanation:

given data

current assets = $62,000

current liabilities = $55,000

fixed assets = $19,000

to find out

investment cash flow for the year

solution

as we know that cash flows increase or decrease as the result of change in the fixed assets is consider to be cash flows by investment activities

and Changes in working capital cash flow is operating cash flows not investment cash flows

so we can say that

investment cash flow is $19,000

8 0
3 years ago
Steve's Cider Shack, Inc. just paid a dividend of $8 per share of common stock. The dollar amount of the dividends is expected t
mamaluj [8]

Answer:

Check the following calculation

Explanation:

Current price : D0(1+g)/(Rs-g)

                  8 (1+.02)/(.13-.02)

                  8* 1.02 / .11

                   = $ 74.18 per share

2) Dividend: 8(1+.02) = 8.16

Annual rate of return : [P1- P0+D ]/P0

             [74.18 - 63 + 8.16 ]/63

                19.34/63

                  .3070 or 30.70%

8 0
3 years ago
If a company increases its fixed costs for product​ b, then the contribution margin per unit will.
Evgen [1.6K]

If a company increases its fixed costs for product​ b, then the contribution margin per unit will remain the same.

<h3>What is fixed cost?</h3>
  • Fixed costs, sometimes referred to as indirect costs or overhead costs in accounting and economics, are costs incurred by a corporation that are independent of the volume of goods or services the company produces.
  • They frequently occur again and again, like monthly rent or interest payments.
  • These expenses are often capital expenses as well.
  • Contrast this with variable costs, which depend on volume (and are based on the quantity produced) and are unknowable at the start of the accounting year.
  • Some variable costs are affected by the type of fixed costs.
<h3>What is company?</h3>
  • A corporation, often known as co., is a legal entity that stands for a group of people with a certain goal who are either natural, legal, or a combination of the two.
  • Members of the company work together for a shared cause in order to accomplish clearly stated objectives.

Learn more about fixed cost here:

brainly.com/question/17100497

#SPJ4

6 0
2 years ago
An online investment blogger advises investing in mutual funds that have performed badly the past year because 'regression to th
Kipish [7]

Answer:

The correct answer is: No, he is not correct.

Explanation:

Regression to the mean is a statistical phrase that tries to explains that is something happened at the first attempt, it is likely to happen again at a second attempt and if it happens at the second attempt it is because it almost happened at the first attempt.

Then, following the concept of regression to the mean,<em> if a mutual fund performed badly on the last period, it is likely to perform even worse in the current period</em>. Thus, the online investment blogger is wrong.

7 0
3 years ago
Some people say that investing their hard-earned money in the stock market is like a form of gambling, and that it is no safer t
qwelly [4]

Answer:

Investing in the stock market is not gambling and it isn't' riskier than playing blackjack in Las Vegas. Because when you invest you own a fraction of a business, and you have to evaluate the businesses so you could by a fraction of them considering their performance.

Explanation:

The reason behind this answer is that in the first place there is a big difference between gambling and investing. When you invest supported in fundamental and value theories. You buy the fraction of a business. So, you have to evaluate the businesses and decide which one is good for you to invest in. While when you bet on blackjack you bet on the probability of being right, instead of a business system. Also, because businesses are regulated, so they can't scam investors. And finally, because businesses want to create money, while blackjack is not an individual or institution with a purpose.

5 0
3 years ago
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