Answer:
Direct material quantity variance= $41,440 unfavorable
Explanation:
Giving the following information:
Standard quantity per unit= 12,000/14,000= 0.86 pounds per unit
Standard cost of $14 per pound.
Used 15,000 pounds of direct material with a cost of $30 per pound to produce 14,000 units of finished product.
To calculate the direct material quantity variance, we need to use the following formula:
Direct material quantity variance= (standard quantity - actual quantity)*standard price
Direct material quantity variance= (0.86*14,000 - 15,000)*14
Direct material quantity variance= $41,440 unfavorable
The economic way of thinking is more than money, budgets,and the stock market. this is because when thinking of the economy, it includes the community and choices must be made to improve it. some economic decisions are costly, and could negatively affect the economy by making the costs of things skyrocket, ruining benefits of others that relied on them and will now put jobs and businesses into bankruptcy.
Answer: $41,421.6 will be withheld during the year for the coach's Social Security and Medicare
Explanation:
Given that,
yearly salary of Mike = 24,00,000
So,
withheld amount for mike's Social Security and Medicare in a year = 6.2% of maximum base amount + 1.45% of his annual salary
= +
= 6621.6+34800
= $41,421.6 (approx.)
Answer:
a. Terrell's Optimal Capital Structure is 40:60. It means to obtain optimal capital structure in-order to increase value of firm, Terrell should finance 40% of its Assets through Debt and remaining through Common Equity.
b. The optimal Capital Structure is the point where company's WACC is minimized. So, 40:60 is the ratio where Terrell's WACC will be minimized.
Explanation:
The goal of Management is to increase Shareholders' wealth and not to generate profits because wealth is something that is for long-run whereas Profits are temporary. Management would accept projects having negative NPV if its goal is to maximize Profit.
Maximizing Shareholders' wealth means to increase the Share Price whereas Generating a higher EPS is Profit Maximization Strategy. So, you should look for that Capital Structure Point where the Company's Stock Price is Highest.
Thanks!
Answer:
No, it won't
Explanation:
Adam Smith arrive to the exact opposite conclusion. That acting out in a selfish way, people will achieve the common greater good. As it is not the benevolence of the butcher or the brewer, or the baker that we expect our dinner but their self-interest to acquire wealth and progress in life.
The claim for acting out in behalf of others is a socialims qualm not a capitalism proposal