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Lelechka [254]
3 years ago
9

Suver Corporation has a standard costing system. The following data are available for June

Business
1 answer:
Anettt [7]3 years ago
7 0

Answer:

The correct answer is C.

Explanation:

Giving the following information:

The actual quantity of direct materials purchased 20,000 pounds.

standard price of direct materials $ 7.00 per pound.

Material price variance $ 5,000 Unfavorable.

Material quantity variance S 2,500 Favorable.

Direct material price variance= (standard price - actual price)*actual quantity

-5,000= (7 - AP)*20,000

5,000= 140,000 - 20,000AP

20,000= 145,000AP

Actual price= 7.25

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Each adjusted entry transaction needs to be posted to A. individual journal entries B. individual accrual accounts C. individual
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Answer: B. Individual ledger accounts

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2 years ago
A stock sells for $6.99 on December 31, providing the seller with a 6% annual return. What was the price of the stock at the beg
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Answer:

Correct option is 6.59

Explanation:

Selling price of stock at the end of the year is $6.99. Annual return rate is 6%. Price of stock at the beginning will be present value of stock valued at the end discounted at 6%. Computation is as shown below:

Present\ value\ or\ price\ of\ stock = Selling\ price\left ( \frac{1}{1+i} \right )^{n}

= 6.99\left ( \frac{1}{1+0.06} \right )^{1}

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Therefore, Stock's price in the beginning of the year is $6.59.

6 0
2 years ago
The quantity theory of money is a theory of how A) the money supply is determined. B) interest rates are determined. C) the nomi
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Answer:

C) the nominal value of aggregate income is determined

Explanation:

The quantity theory of money states that nominal aggregate income is determined by money supply. It is assumed that money velocity is constant in the short run and so would not impact nominal aggregate income.

The quantity theory of money is obtained from the equation of exchange which is:

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Dividing both sides by velocity gives,

Money supply = (1/velocity) × ( price × agregrate output)

It is assumed velocity is constant, therefore,

Money supply = k × (price × agregrate output)

I hope my answer helps.

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5 0
3 years ago
Use the indirect pattern when you need to soften or delay bad news until after an explanation is given. Understanding the four c
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A company's ability to achieve and maintain a unique and valuable competitive position both within a nation and globally, genera
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Competitive advantages are classified into two types: comparative advantages and differentiated advantages.

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