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Katena32 [7]
3 years ago
14

Which of the following is an incorrect statement regarding variances?

Business
1 answer:
laiz [17]3 years ago
4 0

Answer:

The answer is B.

Explanation:

Variance is the difference between the expected sales(revenue), price, material quantity, material cost(expense) and the actual sales, price or material quantity.

Sometimes, expected or budgeted sales or price might be higher than actual sales or price, if this happens the variance is an unfavorable one.

And if it is the actual that is higher or more than the budgeted or expected sales or price, we say it is a favourable variance.

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Bugle Corp. approved a plan of merger with Stanley Corp. One of the determining factors in approving the merger was the strong f
lesya [120]

Answer:

A). Failed to exercise due care.

Explanation:

As per the given details, Bugle Corp. needs to prove that Dennis & Co. failed to exert the required care which it was supposed to exercise while auditing the financial statements of Stanley Corp. <u>This failure led Bugle Corp. to suffer major losses and thus, they must be accountable for this loss under the general law as they ignored the potential hazards</u>. Legally, this is unlawful as they were expected to ensure that these hazards must have addressed and told Bugle Corp. on time but since they failed, they are guilty of the crime. Hence, <u>option A</u> is the correct answer.

4 0
3 years ago
What must profit-seeking entrepreneurs do in order to be successful?
Nostrana [21]
To put it simply, they have to develop a product that make people want to pay to acquire it.

Sellable product usually either :
- able to make people happy ( such as movies, music, Delicious food, etc) or
- Able to make people's life become easier ( such as Gadgets, consultation service, etc)

8 0
4 years ago
If workers in one part of the labor market unionize, then all else equal, we would expect the wages of unionized workers to ____
Vladimir [108]

If workers in one part of the labor market unionize, then all else equal, we would expect the wages of unionized workers to <u>rise</u>, and the wages of nonunionized workers to <u>fall</u>.

In developing countries, labor markets play a central role in determining economic and social progress. Employment status is one of the key factors in overcoming poverty. Ultimately, a decent, well-paid, and stable job is the most sustainable way to increase income and consumption.

Almost everything that happens in the economy affects the labor market. Changes in demand for goods and services, population size, and minimum wage rates can all have significant effects on the labor market. The economic change will probably have the greatest impact on the labor market as a whole.

Learn more about the labor market here: brainly.com/question/25715806

#SPJ4

7 0
2 years ago
Plz, help ASAP!!!!
chubhunter [2.5K]

Answer:

The incorrect statement is letter "D": Saving can only be done in person. Investing can be done both in person and online.

Explanation:

There are several differences between saving and investing. Both of them have the potential to grow capital over a specific period. While saving is beneficial in the short run, investment is in the long run.  

Though, saving money implies depositing it in an account to make a profit out of the annual interest rate offered by banks. <em>The money can be deposited in person, through wire transfers or online transfers between accounts</em>. Investing is characterized by risking money through acquiring assets such as stocks, bonds, or mutual funds. That money can be provided by the investor in a meeting with the people in charge of managing the money or through online brokers.

6 0
3 years ago
Doc's ribhouse had beginning equity of $52,000; net income of $35,000, and dividends by the company of $12,000. calculate the en
Svetradugi [14.3K]
<span>Doc's ribhouse beginning equity = $52,000
Net income = $35,000
dividends by the company = $12,000
Ending equity = ?
we can calculate ending equity by using this formula:
</span><span>Beginning Equity + Net Income - Dividends = Ending Equity
</span><span>now by putting the values we get
$52,000 + $35,000 - $12000 = Ending equity
Ending equity = $52,000 + $23,000
= $75,000
so, $75,000 is the ending equity.

</span>
3 0
4 years ago
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