Answer:
C. Increases
Explanation:
When payment frequency increases, it results to lesser amount per payment which will lead to a higher total amount of premium paid. consider this general rule of thumb; the greater the number of payments, the higher the actual premium paid over the course of the year.
Answer:
Cost per pound of the trail mix: $
Raisins 2 pounds @ $3.95 each = 7.90
Peanuts 3 pounds @ $2.08 each = 6.24
Chocolate 5 pounds @ $3.25 each = 16.25
Total 10 pounds 30.39
Cost per pound of the trail mix = $30.39/10 pounds
Cost per pound of the trail mix = $3.039 per pound
Explanation:
In this case, we need to determine the total cost of the trail mix, which is the quantity of each ingredient multiplied by price per ingredient. Then, we will calculate the cost per pound of the trail mix, which is the total cost divided by the total pounds of ingredients.
Initial cost = $197,000
Total net accounting income over three years = $18,200+$21,800+$22,900 = $62,900
Average annual accounting net income = $62,900/3 = $20,966.67
Accounting rate of return = Average net annual income / Initial cost = 20,966.67/197,000 = 0.106 = 10.6%
Since Accounting net income is lower than the required discount rate, the project is not viable.
Answer: B. to prove Stew-topia engaged in predatory pricing, you would need to prove that Stewtopia priced stew below average variable cost with the specific intention of driving 2 Live Stew out of business
Explanation:
Predatory pricing is the pricing of goods in such a way that it is so low that it is even below average variable cost. The logic being that in the Shortrun, if a firm cannot cover it's variable cost, it would have to shutdown.
Larry would therefore be correct in saying that to prove Stew-topia engaged in predatory pricing, it would need to proven that Stewtopia priced stew below average variable cost with the specific intention of driving 2 Live Stew out of business.
Answer:
See notes below
Explanation:
Rate variance
The rate variance is the the difference between the standard labor cost of the actual hours paid for and the actual cost.
<em>Possible reasons:</em>
An increase in wage rate
Skilled workers were as against using the unskilled workers planned for
Efficiency variance
Labour efficiency variance is the difference between the actual time taken to achieve a given production output less the standard hours allowed for same multiplied by the standard labour rate
<em>Possible reasons:</em>
The use of skilled workers who worked faster than the unskilled workers planed for
The workers were trained making them more efficient in saving time
