Answer:
С. $1,350.00 Favorable
Explanation:
The computation of the material price variance is shown below:
= Actual Quantity × (Standard Price - Actual Price)
= 9,000 × ($19.15 - $171,000 ÷ 9,000)
= 9,000 × ($19.15 - $19)
= 9,000 × $0.15
= $1,350 favorable
The actual price is computed below:
= Actual cost of materials purchased ÷ Actual materials purchased
= $171,000 ÷ 9,000
= $19
Raw Materials Inventory $XX Accounts payable
Answer:
is smaller than 1.1.
Explanation:
Some business sales can get influenced heavily by season, like how swimsuit sell in summer but not in winter. This influence is called a seasonal factor. The sales of the product have to be adjusted to seasonal factor to show a result that more accurately represent the sales. There are 12 months and the sum of the adjusted factor is 12.18, so the adjusted ted factor for every month will be: 12.18/12 = 1.015.
The adjusted seasonal factor for April will be: 1.1/1.015= 1.0837
The result is smaller than 1.1
Answer:
All of the options.
Explanation:
Professor Robert Baron Triffin was born on the 5th of October, 1911 in Flobecq, Belgium. He was a Belgian-American economist who became famous for his criticism of the Bretton Woods system of fixed currency exchange rates when he appeared and testified before the US Congress in 1959.
The Triffin paradox:
1. Warned that the gold-exchange system of the Bretton Woods agreement was programmed to collapse in the long run.
2. Was indeed responsible for the eventual collapse of the dollar-based gold-exchange system in the early 1970s.
3. Was first proposed by Professor Robert Triffin.
Answer:
The correct answer is: a 10% increase in the price of cantaloupes will increase the quantity demanded of water melons by 11%.
Explanation:
The produce manager of a large grocery store is informed that the cross-price elasticity of demand between cantaloupes and water melons is 1.10.
The cross-price elasticity of demand is a measure to calculate the change in demand for a commodity due to a change in the price of another commodity.
It is calculated as a ratio of the percentage change in demand and percentage change in price.
A positive price elasticity implies that the two goods are substitutes. An increase in the price of one good leads to an increase in the demand for another.
The cross elasticity can be calculated as,
=
Let's assume that the price of cantaloupes increases by 10%.
Then,
1.10 =
ΔQy = 11
So we see that a 10% increase in the price of cantaloupes will cause the demand for water melons to increase by 11%.