Answer:
$100 favorable
Explanation:
The computation of the material purchase price variance is shown below:
= Actual Quantity purchased × (Standard Price - Actual Price)
= 2,000 pounds × ($1.60 - $1.55)
= 2,000 pounds × $0.05
= $100 favorable
Simply we took the difference between the standard and the actual price, and then multiply it by the actual quantity purchased
Answer:Not the kind that people might laugh at or that might smoosh your hair, ... Change Agent. ... The best leaders put on their delegator hat willingly and strategically to ... With the right environment, resources, skills and knowledge,
Explanation:
Answer:
top-of-mind awareness
Explanation:
the highest level of awareness, occurs when customers mention a specific brand name first when they are asked about a product or service
Answer:
Short range predictors:
c. Nominal interest rate differential
d. Psychological effects
e. Investor expectations
f. Bandwagon effect
Long range predictors:
a. Relative monetary growth
b. Relative inflation rates
Explanation:
Nominal rate, the real rate, and inflation. long term predictors of an economic theory in which a relationship between inflation, nominal interest rate and real interest rate is identified. It defines that real interest rate is equal to inflation minus nominal interest rate.
Bandwagon effect is a short range predictor because it is effect of uptake when people follow others. They take decisions what other do and its their belief that other people have taken the right decision so we too. This is just a short term hop based on beliefs regardless of any underlying evidence.
Answer: They are both right.
Explanation:
Firms in every market will always maximise profit where their Marginal Revenue equals Marginal Cost because at this point, resources are being fully utilized. This is therefore no different in a Perfectly competitive market so Skip is correct.
Peggy is also correct however because in a Perfectly Competitive market, the demand curve is perfectly elastic. This creates a situation where the Price, Marginal Revenue and Average Revenue are all the same and represent the demand curve as well.
With the Price being the same as the Marginal Revenue in a Perfectly competitive firm, that means that where the Price equals Marginal Cost is where the Marginal Revenue equals Marginal Cost as well so indeed perfectly competitive firms maximize profit where price equals marginal cost.
