Our culture has become accustomed to debt mainly because the capitalist system in which we find ourselves favors the management of loans for the acquisition of goods and services.
These, due to their cost, are difficult or impossible to access through cash payments without any type of installment or ease of payment.
Therefore, credit cards are ways of acquiring debt to finance certain consumption, which is why they have become a financial tool that is totally socially accepted.
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Answer:
$30,000 unfavorable.
Explanation:
Calculation for what The direct labor efficiency variance for October was
Using this formula
Direct labor efficiency variance = (Standard hours for actual production - Actual hours) × Standard rate per hour
Let plug in the formula
Direct labor efficiency variance=(5,000 × 2 - $207,000 ÷ $18.00) × $20
Direct labor efficiency variance= (10000 - $11,500) × $20
Direct labor efficiency variance= $1,500 × $20
Direct labor efficiency variance= $30,000 unfavorable
Therefore The direct labor efficiency variance for October was $30,000 unfavorable
Answer:
c. $60,000
Explanation:
Provided information,
Green Corp owns 30% of the the common stock and 100% of preference share capital of Axel Corp.
Also, Green Corp is exercising significant influence on Axel Corp.
Thus, for accounting purpose Green Corp will use equity method as the investment is more than 20%.
Any dividend received from Axel Corp on common stock will be deducted from carrying value of investment in common stock, though dividend received on preference capital will increase the profits as will be added to income statement.
Thus, dividend recognized in Income Statement = $60,000 received on preference capital.
Correct answer is
c. $60,000
Answer:
Increased
Explanation:
In the case when there is a fall in the potential output and at the same time the actual output remains the same so here the fund rate should be increased as per the taylor rule as it decrease the output that result in the output gap to fall
So as per the given situation, the fed fund rate should be increased
Hence, the same is to be increased
An Artificial Monopoly is a very huge firm wherein the production efficiency has no advantage over smaller firms but thrives all competitors out of business, remaining the sole producer of the industry.
