Hey Friend.
C) is the answer. Transaction deposit is an asset since it increases what you already have, while reserves and loans decrease what you have, because you'll have to take out.
Answer:
the material quantity variance is $1,350 unfavorable
Explanation:
The computation of the material quantity variance is given below:
Materials quantity variance is
= (Actual quantity × Standard price) - (Standard quantity × Standard price)
= (21,200 × $1.50) - [(2,900 × 7) × 1.5]
= $31,800 - $30,450
= $1,350 Unfavourable
Hence, the material quantity variance is $1,350 unfavorable
The opportunity cost of attending class is the $15 that could have been made by watching a neighbor's child.
Opportunity cost refers to the benefits that one gives up in order to enjoy another benefit, that is, the benefit that is sacrificed.
In this question, two benefits are given up, but the real opportunity cost is the one that have the highest value, which is the $15.
Answer:
The correct answer is option b.
Explanation:
A market will experience a surplus when the quantity supplied is higher than the quantity demanded. The quantity supplied will be more than the quantity demanded when the actual price is higher than the equilibrium price.
This is because of the law of supply and the law of demand. At a higher price, the firms will supply more but the consumers will demand less.
So the market will be in surplus when the actual price is $20, the equilibrium price is $25, the quantity supplied is 100 and the quantity demanded is 75.
