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Serjik [45]
4 years ago
10

Milltown Company specializes in selling used cars. During the month, the dealership sold 31 cars at an average price of $15,900

each. The budget for the month was to sell 29 cars at an average price of $16,900. Compute the dealership's sales price variance for the month.
Business
1 answer:
wariber [46]4 years ago
8 0

Answer:

The dealership's sales price variance for the month is $31,000 U

Explanation:

In order to calculate the dealership's sales price variance for the month we would have to calculate the following formula:

Sales price variance = Actual quantity sold x (Actual price - Budgeted price)

According to the given data que have the following:

Actual quantity sold=31 cars

Actual price=$15,900

Budgeted price=$16,900

Therefore, Sales price variance = 31 * ($15,900 - $16,900)

Sales price variance = $31,000 U

The dealership's sales price variance for the month is $31,000 U

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Answer:

The Hi-Stakes Company

a. If the direct exchange rate increases, the dollar strengthens relative to the other currency.

b. If the indirect exchange rate increases, the dollar also strengthens relative to the other currency.

Explanation:

When the exchange rate increases, it means that more of the other currency is required in order to embark on importing and exporting transactions.  However, the increases will weaken the ability of the importing currency to afford the dollar-based goods, which have then being made more expensive.

3 0
3 years ago
(a) how are bonds rated? (b) how are these rating helpful to the investors?​
Jet001 [13]

Answer:

a) Bond rating is done by evaluating and considering all the relevant internal as well as external factors associated with the financial status of a business.

b) Bond rating helps in analysing the risk associated with the bond by analyzing its credit quality and thus helps investors taking decisions related to their investments.

Explanation:

a) Bond-rating is the letter grading system that is used to indicate the quality of the credit-related to the bond of various organizations. Bond-rating is done by evaluating and considering all the relevant internal as well as external factors associated with the financial status of a business. Internal factors may include the financial strength of the organization. External factors may include various networks with interested investors and other government organizations and policies related to the same.

There are three important agencies that analyze the credit quality of a bond. These agencies are Standard & Poor's, Moody's, and Fitch rating Inc.

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7 0
3 years ago
Wayne grants his cousin, Vinnie, a franchise in Wayne's local sandwich shop. Wayne writes the agreement so that he controls ever
aliya0001 [1]

Answer:

<u>Agence law.</u>

Explanation:

Agency law can be defined as an area of ​​commercial law that deals with the relationship between a party that has legal authority to act in place of another, called an agent.  The agent can be an individual, or some partnership or corporation. The agent deals with contractual, almost contractual and non-contractual fiduciary relationships.

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3 0
3 years ago
HELP PLEASE:)
Sonbull [250]

I Think its answer C: Fixed and Variable rates

3 0
3 years ago
Suppose you deposit $2,262.00 into an account today. In 11.00 years the account is worth $3,855.00. The account earned ____% per
zmey [24]

Answer:

4.97 %

Explanation:

Data and Calculation :

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N =  11.00

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THUS,

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