Answer:
A Recession happened.
Explanation:
When the market sees a recession we see an increase in the unemployment rate due to cyclical unemployment whenever there in a business cycle even though the labor force was constant but in a recession companies face a lot of costs which become higher than their revenue so for example when there is a recession the cost of producing 1 more unit is actually higher than the revenue a firm gets from producing that 1 unit because marginal cost increases at a decreasing rate so they have to lay off people at a firm on that unit of production to maximize revenues.
Answer:
letter a is the correct answer
Explanation:
Office workers waste around 1 to 2 hours a day
Answer:
$311 unfavorable
Explanation:
The computation of the spending variance is shown below:
= Actual supplies cost - flexible supplies cost
where
Actual supplies cost is $11,700
And, the flexible supplies cost would be
= Actual level of activity × price per frame + supplies cost per month
= 607 frames ×$17 + $1,070
= $10,319 + $1,070
= $11,389
Now put these values to the above formula
So, the value would equal to
= $11,700 - $11,389
= $311 unfavorable
Answer: B. $770,000
Explanation:
The taxable income that they would report on the consolidate tax return would be $770,000 ($600,000 + $120,000 + $50,000)
The reason why we have added $50,000 is because the Ketchem sold $50,000 worth of supplies to Catcham and Catcham were able to pay that amount within 20 days. That is in the month of November.
Also, the consolidated report is to be made after December 27, therefore, we will include this transaction as it was before 27th December.
