Answer:
Option "3" is the correct answer.
Explanation:
Inelastic demand curve depict when there's no evident increase in demand due to an increase in price.
<span>The code that forty-nine states have adopted to interpret and enforce contract law is the "Uniform Commercial Code".
</span>The Uniform Commercial Code was published in 1952 and it contains many uniform acts. The nine articles of the UCC is an arrangement of laws overseeing the offer of products, leases of merchandise, debatable instruments, bank stores, support exchanges, letters of credit, mass deals, distribution center receipts, bills of replenishing, investment securities and secured exchanges. As the national economy developed at the turn of the twentieth century, a need to direct business exchanges consistently became important. With the reception of the UCC, organizations and in addition people are secured.
Answer:
Activity Variance for net operating Income = $ 10598 Unfavorable
Explanation:
Activity Variance for net operating Income = $ 10598 Unfavorable
Actual Budgeted
6600 Units 6600 Units
Revenue $194,472 $ 185,460
Direct labor $16,145 $ 16500
Direct materials $67,059 $ 68640
Manufacturing overhead $45,587 $ 45620
Selling and
<u>Administrative expenses $25,363 $ 24980</u>
Total Expenses $ 154154 155740
Net Op. Income $ 40,318 $ 29,720
The activity variance for net operating income = Actual- budget=
= $ 40,318 - $ 29,720
= $ 10598 Unfavorable
Explanation:
Shipping is the backbone of global trade, around 80% of world trade in goods is carried by the international shipping industry.