Answer:
B and C
Explanation:
The law of demand states that the higher the price, the lower the quantity demanded. This means that at a higher price, the quantity of coffee that should be demanded should decrease.
Hence, since there was an increase in the price of the coffee per pound in 2016, we expect that there should be less sales. Instead, there was still an increase.
Also, we can see that the the demand for coffee has increased. More pounds of coffee is needed which creates an increase in supply which thus has driven up the price
Answer:
Direct Material Quantity Variance = $10200 Fav
Explanation:
given data
Units produced = 5600
Direct materials purchased and used (7800 lbs.) = $70,200
Budgeted production = 5300 units
Direct materials 2.0 lbs/unit = $3/lb
to find out
direct materials quantity variance
solution
we get here Direct Material Quantity Variance that is express as
Direct Material Quantity Variance = (Standard Quantity - Actual Quantity) × Standard Rate ......................1
so put here value we get
Direct Material Quantity Variance = ( 5600 × 2.0 - 7800 ) × 3
Direct Material Quantity Variance = (11200 - 7800 ) × 3
Direct Material Quantity Variance = $10200 Fav
When you and your opponent battle back and forth having to either drop your prices or higher them.
Answer:
d. recognition of realized gains or losses on sales
Explanation:
In the case of trading securities, the non-realized gain and losses should be recorded in the income statement. So at the time when securties are sold so here the realized gain are distinct as compared to the afs and htm securties
So as per the given situation, the option d is correct
And, the same should be considered
They are reffered to as an janitor / cleaning service
