Limit order is most useful to short sellers who want to limit their potential losses.
Retailers are important in the distribution of goods to the final consumers as
this ensures less shipping cost accrued as a result of them buying the
commodities in bulk and then selling at designated points which are usually
close to the final consumers.
Retailers also ensure that there is a healthy market competition. The
retailers assist in ensuring that the prices of goods and services varies and
the consumers therefore has various options he/she can choose from which
is a very good thing.
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Answer: C. will be favorable
Explanation:
Variable overhead efficiency variance simply means the difference between the time that it takes to manufacture a particular product and the time that was budgeted for the product.
Since the time incurred for the product was 2300 hours while the budgeted time was (600 × 4) = 2400 hours, then the variable overhead efficiency variance is favorable.
Answer:
The correct answer is letter "C": Work in Process Inventory.
Explanation:
Work in Process Inventory is an asset in the company's Balance Sheet. It represents the accumulated cost of unfinished goods that are currently in the manufacturing process. Companies that manufacture large or customer-made items typically use a work in progress inventory system to record labor, raw material, and overhead.
Answer:
A discriminating monopoly is a single entity that charges different prices—typically, those that are not associated with the cost to provide the product or service—for its products or services for different consumers. Non-discriminating monopolies, on the other hand, do not engage in such a practice.
