Answer:
Variance (Unfavorable) (NZD 340,000)
Explanation:
Budget Variance using exchange rate projected at the time of budget
Budget Actual Variance Exc. Rate Variance in NZD
MYR MYR
Revenue 12000000 11000000 -1000000 0.34 -340000
Expenses 9000000 9000000 0 0.34 0
Profit 3000000 2000000 -1000000 0.34 -340000
Answer:
According to the sticky-wage theory, the economy is in a recession because the price level has declined so that real wages are too high, thus labor demand is too low.
According to the sticky-price theory, the economy is in a recession because not all prices adjust quickly.
According to the misperceptions theory, the economy is in a recession when the price level is below what is expected.
Explanation:
The above mentioned are the three theories of the upward slope of the short-run aggregate-supply curve.
Answer:
Sole Proprietorship
Explanation:
Sole proprietorships own all the assets of the business and the profits generated by it. They also assume complete responsibility for any of its liabilities or debts.
Answer:
Option (A) is correct.
Explanation:
Cash flow from Operating Activities:
= Net income + (Beginning Accounts receivable - Ending Accounts receivable) + (Ending Accounts payable - Beginning Accounts payable)
= $45,000 + ($23,000 - $22,000) + ($28,000 - $26,000)
= $45,000 + $1,000 + $2,000
= $48,000
Therefore, Bird Brain's cash flows from operating activities would be $48,000.
Answer:
C. y = 11000(1.086)^7
Explanation:
Given the following data;
Principal = $11,000
Interest rate = 8.6% = 8.6/100 = 0.086
Time = 7 years
To derive a mathematical expression, we would use the compound interest formula;
Where;
A is the future value.
P is the principal or starting amount.
r is annual interest rate.
t is the number of years for the compound interest.
Substituting into the formula, we have;
A = $19,580
