Answer:
Option (D) is correct.
Explanation:
M1 is the most liquid monetary aggregate.
M1 consists of:
M1 = Currency with the public + Demand deposits + Other deposits with the RBI
Therefore,
M1 = currency in circulation + checkable deposits
= $4 + $6
= $10
M2 is broader measure of money supply that includes the saving also.
M2 consists of:
M2 = M1 + Savings deposits + small-denominated time deposits + money market mutual fund deposits
= $10 + $200 + $30 + $40
= $280
Answer:
(d) $2.18
Cost formula per machine hour for indirect material cost = $2.18
Explanation:
Actual Indirect material cost = $30,444
Actual hours = 17,700
Standard hours = 18,200
Spending variance for indirect material = $8,142
That is favorable,
Formula of spending variance = (Standard Price - Actual Price) Actual Quantity
= Standard Price Actual Quantity - Actual Price Actual Quantity = 1,842
Standard Price Actual Quantity = $8,142 + $30,444 = $38,586
Standard Price = $38,586/17,700 = $2.18
Final Answer
Cost formula per machine hour for indirect material cost = $2.18
Considering the situation above, by building a strong brand, Wilson has effectively "<u>reduced the price elasticity of demand for its products</u>."
This is because the price elasticity of demand is a term in economics that defines the sensitivity of the quantity demanded of a commodity to its price.
Usually, the price elasticity of demand shows that when the price of a commodity increase, the quantity demanded decreases.
Thus, in this case, since it is said that Kendra allowed Wilson to charge a higher price and not lose many sales, therefore, Wilson has been able to reduce the price elasticity of demand for its products.
Learn more here: brainly.com/question/15654343
Answer:
DEBIT Acc. Rec. 4,123 CREDIT Sales tax payable 323 Sales Rev. 3,800 is the correct answer.
Explanation: