Answer:
Total direct material variance= $1,000 favorable
Explanation:
Giving the following information:
Company had a favorable direct materials price variance of $3,000 and an unfavorable direct materials usage variance of $2,000.
<u>To calculate the total direct material variance, we need to use the following formula:</u>
<u></u>
Total direct material variance= price variance +/- quantity variance
Total direct material variance= 3,000 - 2,000
Total direct material variance= $1,000 favorable
Answer:
b.112.3 days
Explanation:
The computation of the number of days' sales in inventory for the year is shown below:
Day inventory outstanding = {(Beginning inventory + ending inventory) ÷ 2}÷ cost of goods sold × number of days in a year
= {($200,000 + $140,000) ÷ 2} ÷ ($552,500) × 365 days
= ($170,000) ÷ ($552,500) × 365 days
= 112.3 days
Answer:
A. $2,500
B. $60
Explanation:
A. Calculation to determine How much in cash or securities must you put into your brokerage account if the broker's initial margin requirement is 50% of the value of the short position
Initial Margin = 100*$50*50%
Initial Margin = $2,500
Therefore The amount of securities that you must put into your brokerage account if the broker's initial margin requirement is 50% of the value of the short position is $2,500
b. Calculation to determine How high can the price of the stock go before you get a margin call if the maintenance margin is 30% of the value of the short position
First step is to calculate the Maintenance Margin per share
Maintenance Margin per share = $50*30%
Maintenance Margin per share =$15
Second step is to calculate the Rise in price required
Rise in price required = $50*50% - $15
Rise in price required= $10
Now let calculate How high can the price of the stock go
Price of stock=$50+$10
Price of stock= $60
Therefore How high can the price of the stock go before you get a margin call if the maintenance margin is 30% of the value of the short position is $60
Answer:
The answer is d. Strategy becomes an increasingly important as a source of direction
Explanation:
