Answer:
a. $32,000 unfavorable
Explanation:
The computation of the direct labor efficiency variance for October is shown below:-
Direct labor efficiency variance = (Standard hours for actual production - Actual hrs) × Standard rate per hour
= (5,700 × 2 - $234,000 ÷ $18.00) × $20
= (11,400 - $13,000) × $20
= $1,600 × $20
= $32,000 unfavorable
Therefore for computing the direct labor efficiency variance for October we simply applied the above formula.
These are the factors by how it shifts the current demand curve to a new position:
Shifts left
- 2% rebate on a Toyota Camry, a substitute good
- Big sale coming in three months
Shifts right
- Free brake inspections
- Consumers' income increases by 10%
The Answer is
B) Missing a credit card payment.
Answer:
Some entities will follow a top-down mandatedapproach to budgeting. These budgets will begin with upper-level management establishing parameters under which the budget is to be prepared. These parameters can be general or specific. They can cover sales goals, expenditure levels, guidelines for compensation, and more. Lower-level personnel have very little input in setting the overall goals of the organization.
Explanation:
Answer:
c. 10.38%
Explanation:
Loan Amount = $10,000
Quarterly Interest payment = $250
Interest Payment for the year = $250 x 4
Interest Payment for the year = $1,000
Nominal interest rate = ($1,000 / $10,000) x 100 = 10%
Nominal interest rate = r = 10%
Number of periods = m = 4
Effective Interest rate = [ ( 1 + r/m )^m]-1
Effective Interest rate = [ ( 1 + 0.1/4 )^4] -
Effective Interest rate = [ ( 1 + 0.025 )^4] -1
Effective Interest rate = 10.38%
