Answer:
920 (Unfavorable)
Explanation:
Labor rate variance = Actual direct labor hours (Actual direct labor rate - Standard direct labor rate)
Labor rate variance = 2,300 * ($21.7 - $21.3)
Labor rate variance = 2,300 * 0.4
Labor rate variance = 920 (Unfavorable)
Answer:
$155,000
Explanation:
Given that,
Service revenues in 2017 = $200,000
Credit sales for 2017 = $170,000
Company also paid cash for 2017 wages = $25,000
Wages for 2017 not paid yet in cash = $20,000
Therefore,
Net income for 2017:
= Service revenues in 2017 - Cash paid for wages - Wages not paid yet in cash
= $200,000 - $25,000 - $20,000
= $155,000
Hence, the company’s net income for 2017 is $155,000.
<span>Free enterprise is based solely on private ownership as the means of production. This type of system gives power to its citizens by restricting the government when it comes to ownership and regulating business. Citizens are allowed to freely own and operate a business, make a profit and compete against other businesses.</span>
Answer: Yes it does
Explanation:
The investment advisors say that the market rarely declines three years in a row.
Since 1872, it has declined two years in a row 8 times and three years in a row, only twice.
This means out of 8 times, it declined twice. Percentage of times it declined was:
= 2 / 8 * 100%
= 25%
25% while not rare, is a good enough percentage to trust the advice of the investment advisors.
