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MAXImum [283]
3 years ago
6

Data used in budgeting: Fixed element per month Variable element per tenant-day Revenue - $ 34.50 Wages and salaries $ 2,500 $ 7

.50 Food and supplies 1,500 14.00 Facility expenses 8,000 3.00 Administrative expenses 6,500 0.60 Total expenses $ 18,500 $ 25.10 Actual results for March: Revenue $ 121,234 Wages and salaries $ 28,550 Food and supplies $ 53,125 Facility expenses $ 18,250 Administrative expenses $ 7,095 The revenue variance for March would be closest to:
Business
1 answer:
zheka24 [161]3 years ago
3 0

Answer:

$4,001 unfavorable

Explanation:

The computation of the revenue variance is shown below:

Revenue variance = Revenue at Flexible budget - Actual revenue

where,

Revenue at flexible budget is

= 3,630 × $34.50

= $125,235

And, the actual revenue is $121,234

So, the revenue variance is

= $125,235 - $121,234

= $4,001 unfavorable

We simply deduct the actual revenue from the flexible budget revenue so that the revenue variance could come

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lost of your company's jop

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4 years ago
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One of your customers has decided to commit $10,000 to fixed income. She is trying to decide if it makes more sense to invest in
yKpoI14uk [10]

"One of your customers has decided to commit $10,000 to fixed income..."You could explain that the purchase of the ETF results in the greatest reduction of liquidity risk. This is further explained below.

<h3>What is liquidity risk?</h3>

Generally, liquidity risk is simply defined as, to put it another way, liquidity risk is the possibility of experiencing losses as a consequence of not being able to make payments on time or doing so at an unaffordable price.

In conclusion, Fixed-income investments have been made by one of your clients for $10,000..." In other words, you might say buying the ETF lowers liquidity risk the most.

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4 0
2 years ago
Suppose the nation of Sugarland consists of 50,000 households, 10 of whom are sugar producers. Arguing that the sugar industry i
blondinia [14]

Answer:

a) The gross cost per household per year of this policy is $2 per household.

b) The policy's benefit per sugar producer per year is $2,500 per producer.

Explanation:

This tariff policy affects households, that loss consumer surplus, and sugar producers, which have a producer surplus gain.

The loss in consumer surplus due to the tariff will be $100,000 per year.

If there are 50,000 households in Sugarland, the cost per household is:

Cost \,per\,household=Consumer\,surplus \,loss/Number\,of\,households\\Cost \,per\,household=100,000/50,000= \$ 2/household

The gross cost per household per year of this policy is $2 per household.

The benefit per sugar produced can be calculated as the total benefit per year (producer surplus) divided by the total amount of sugar producers:

Benefit \,per\,sugar\,producer=Producer\,surplus\,gain/Producers\\\\Benefit \,per\,sugar\,producer=25,000/10=\$ 2,500/producer

The policy's benefit per sugar producer per year is $2,500 per producer.

5 0
3 years ago
Bottlenecks exist in which type of manufacturing processes?
saul85 [17]

Answer:Line,Batch and Job

Explanation:

An assembly line is a manufacturing process in which interchangeable parts are added to a product in a sequential manner to create an end product. ... The workers and machinery used to produce the item are stationary along the line and the product moves through the cycle, from start to finish.

Batch manufacturing is a style of manufacturing which compiles the different components of a product through step by step processes. This basically means that the raw materials move through the production line in batches, so that there is a pause between each step as a batch moves through.

Job production, sometimes called jobbing or one-off production, involves producing custom work, such as a one-off product for a specific customer or a small batch of work in quantities usually less than those of mass-market products.

6 0
3 years ago
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liberstina [14]

Answer:

air

Explanation:

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