Answer:
The correct answer is: Materials Price Variance: Production Manager
Materials Quantity Variance: Purchasing Agent
Explanation:
The production manager had to buy the materials that are commonly used, as this is an item of great importance in the process of converting the materials, since otherwise there is a risk of becoming waste due to their quality. In the case of the variation presented, each manager or person in charge of the area must supervise that the measurements are well calculated, and that the aspects related to the direct process must be effectively ensured for the good of the operation.
Answer:
The answer is yes, it will function as a medium of exchange.
Explanation:
Money has three functions, store of value, unit of account and medium of exchange. Money that can be used as a medium of exchange is money that is accepted as such by both buyers and sellers, and that is comfortable, or convenient enough, to be carried and exchanged
In this example, the nation of Newbie will issue a currency that can be easily transported. While heavy stock cardboard is a little bit heavier than the paper in which most modern-day currencies are printed, the weight is still light, and does not impede easy transportation and exchange of the currency bills.
Besides, the new Newbie Nugget will be what is know was the legal tender of the nation. The legal tender is the currency that a specific country accepts to collect taxes. This gives more legitimacy to Newbie Nugget and makes it a classical example of a medium of exchange.
<span>
<span>True.
Risk in investment can be defined as the possibility that the investor may
lose a big portion or all of the initial investment or make very high returns
in a short period. Risk which is often likened to volatility dictates that
the higher the volatility the higher the chances of returns. Speculative
investments such as leveraged ETFs(commodities such as gold, oil, silver),
options, venture capital trusts are considered high risk and often so offer
handsome returns or cost the investor all or even more of their initial
capital. It is however important to note that high risk does not
automatically translate into high returns. The intrinsic value of the
investment vehicle among other factors need to be considered in depth to
determine if the investment is worth the risk</span></span>
Answer:
4. Maintain; Defaults, Inventory Items, record inventory information.
Explanation:
The question, in my understanding, is referring to master data of inventory items. Most enterprise inventory systems maintain attributes/information about a specific inventory item in a master table so that this record (and all other default info saved against it) can be pulled up and used in transactions as needed. Answers 1-3 are all pertaining to transactions and not maintenance information.
Answer:
There are two ways in which Return on Assets can be calculated depending on whether we consider Total assets at year-end or average total assets.
1
or
2
Substituting the values in equation 1 we get,


Substituting values in equation 2 we get,



