Answer:
b.(Actual Price × Actual Quantity) – (Standard Price × Actual Quantity)
Explanation:
The material price variance shows how favourable or otherwise the actual material price is compared to the standard price. Where the actual material price is higher than the standard price, it results in an unfavorable variance and when the standard price is higher than the actual price, it results in a favourable variance.
The formula for the material price variance
= (Actual price - Standard price) × Actual quantity
= (Actual price × Actual quantity) - (Standard price × Actual quantity)
Hence the right option is b.
The right answer for the question that is being asked and shown above is that: "supply of university admissions won’t be changed because demand for admission will increase." When the government offers subsidies to state universities that admit students with B averages in high school, supply of university admissions won’t be changed because demand for admission will increase.
Answer:
Option A.
Explanation:
It is given that a $150 petty cash fund has cash of $54 and receipts of $83.
We need to find the journal entry to replenish the account.
Cash and receipts = Cash + receipts
= $54 + $83
= $137
Short for cash = Cash fund - Cash and receipts
= $150 - $137
= $13
The required journal entry to replenish the account would include a debit to Cash Over and Short for $13.
Therefore, the correct option is A.
Answer: financial aid mostly
Explanation:
Answer:
Policy owner
Explanation:
A Life Settlement Broker must be a practicing, experience and licensed Life agent who represents the owner and performs a fiduciary duty to the owner to act in accordance with the owner's best interest and instructions.