Answer:
Karst is a type of landscape where the dissolving of the bedrock has created sinkholes, sinking streams, caves, springs, and other characteristic features. Karst is associated with soluble rock types such as limestone, marble, and gypsum.
Are all prices in the economy equally inflexible?
Most prices are inflexible (sticky is another name used) in the short-run so that the economy can only adjust this if there are large changes in output. Inflexible prices normally stay the same even of demand increases, output will change but not the price.
Which ones show large amounts of short-run flexibility? Wages and prices are two economic factors that may have large amounts of short-run flexibility.
Which ones show a great deal of inflexibility even over months an? Expectations of workers are hard to change. Since these vary within different jobs, they may not be as flexible without many months of hard work to change them.
This statement is false. The notes receivable account should
only include those notes which can still be collected. Notes that have not
matured yet is still included in the notes receivable account because there is
still the probability of collection. Dishonored notes should not anymore be
included because there is no more probability of collection.
Answer:
$114 Favorable
Explanation:
For computation of activity variance for personnel expenses first we will find out the planning budget and flexible budget which is shown below:-
Planning Budget = Fixed element of personnel expenses + (Budgeted Client visit × Variable element per client visit of personnel expenses)
= $30,500 + (3,800 × $11.40)
= $30,500 + $43,320
= $73,820
Flexible Budget = Fixed element of personnel expenses + (Actual Client visit × Variable element per client visit of personnel expenses)
= $30,500 + (3,790 × $11.40)
= $30,500 + $43,206
= $73,706
Activity variance = Planning Budget - Flexible Budget
= $73,820 - $73,706
= $114 Favorable