Answer:
Option (D) is correct.
Explanation:
Given that,
Standard direct labor cost per hour, SR = $19 per hour
Standard direct labor hours per t-shirt = 0.4 hours
Actual direct labor hours, AH = 680
Actual output = 1,400 t-shirts
Standard hours for actual output, SH:
= Standard direct labor hours per t-shirt × T-shirts produced
= 0.4 hours × 1,400
= 560
Therefore,
Direct labor efficiency variance for the month:
= (SH - AH) × SR
= (560 - 680) × $19
= $2,280 Unfavorable
Answer:
See
Explanation:
Rahal's final balance in its allowance for uncollectible accounts at December 31, will be calculated as:
Step 1:
$404,400 × 1%
= $404,400 × 0.01
= $4,044
Step 2:
$2,100 - $2,340
= ($240)
Step 3:
$4,044 + ($240)
$3,804
Therefore, Rahal's final balance in its allowance for uncollectible accounts at December 31, 2021 is $3,804
Answer:
The correct answer is C. M1 plus near monies.
Explanation:
The liquidity approach emphasizes the role of money as a store of value and downplays the role it plays as a means of payment. To assess the amount of money emphasizes that the essentially distinctive property of money is that it is the most liquid of assets.
The strict money supply or circulating medium (M1), which defines money as the money in the hands of the public and demand deposits (DV) is the usual most accepted formula as money. Therefore, money in the strict sense is listed as such in the monetary statistics of the International Monetary Fund (IMF) and many other financial institutions around the world.
Answer:
B) issue a complaint stating that the business is in violation of the law.
Explanation:
The Robinson-Patman Act prohibits seller from practicing price discrimination, that means that they sell their products to different buyers at different prices. This law applies only to the sale of goods, and the goods sold to the different buyers must be similar and the buyers must also be in similar conditions. E.g. it is not illegal to sell at different prices if one buyer is located next to the factory while the other is located 3,000 miles away, in this case the cost of transportation accounts for the difference in price.
Also, price discrimination must result in injury to the buyer, which means that there business is being harmed because their direct competitors receive the product at a lower price. E.g. if a seller charges Walmart a lower price than it charges Target, Target will be forced to sell at a higher price which may result in lower sales.
Finally, since this is a federal law, it generally applies to interstate commerce. Domestic commerce is covered by state laws and state entities.
Lynn’s acceptance is effective when she decides to accept. By
the time she decided to accept the offer, there was already meeting of the
minds between Paul and Lynn. Therefore, the acceptance of Lynn is effective
from the time she decided to herself that she would accept the offer regardless
of the time when the acceptance was received by the other party.
