Answer:
In the late 1960s and early 1970s, a small group of Chilean students went to the University of Chicago to obtain graduate degrees in economics. By that time, the University of Chicago was led by Milton Friedman, an economist known for his defense of market liberalism and private property.
After Chilean Dictator Augusto Pinochet overthrew former president Salvador Allende (who killed himself), Pinochet called upon some of these Chicago-graduates to advise him on economic matteers. This lead to the implementation of liberal policies such as privatization of public services, pensions, and healthcare, the reduction of taxes, and the elimination of syndicates.
Answer:
Labor Rate Variance = - $1,188 Unfavorable
Explanation:
Provided labor hours for each radio = 0.9
Standard labor cost per hour = $7.20
Actual labor cost = $48,708
Actual labor hours = 6,600
Actual labor rate = $48,708/6,600 = $7.38
Labor Rate Variance = (Standard Rate - Actual Rate) Actual Hours
= ($7.20 - $7.38) 6,600 =<em><u> - $1,188 Unfavorable</u></em>
Answer:
$57,000
Explanation:
The computation of the operating income for Bridgeton Corporation dropped by
= Sales of Adams division - variable cost of Adams division - direct fixed cost of Adams division - allocated common cost of Adams division - allocated common cost of Carter Division
= $575,000 - $199,000 - $171,000 - $82,000 - $66,000
= $57,000
Since we have to determine the reduced operating income so we take the total of allocated common stock and rest of the items are taken from Adams division
Options:
A. Kerry has hired a private inspector to ensure that the business is in compliance with government regulations.
B. The business is being sold and the buyer has sent an inspector to ensure the business is operated properly.
C. This is a franchise and the franchisor has sent its inspector to ensure the business is operated according to the franchise license.
D. The inspector is the father of an employee who is a minor and he wants to ensure that child labor laws will not be violated.
Answer: C.) This is a franchise and the franchisor has sent its inspector to ensure the business is operated according to the franchise license
Explanation:
The fast food business being operated by Kerry could be interpreted as a franchise, whereby a franchisor which could be an individual or company has granted Kerry who is a third party owner the license or right to use the franchisor's trademarks and right to run her business. These franchisor must have sent an inspector to Kerry's fast food to inspect in other to ascertain that the franchise is being operated in accordance to the terms in the franchise license.