The only factor that can cause a change in quantity supplied is price, so increase in Qs results from a change in supply price.
Answer: B. . The business address can be used for Customer Identification purposes and the account can be opened
Explanation:
From the question, we are told that a new customer wants to open an account at a firm and that when he was asked for his street address, he said that he will be moving soon to a different apartment complex and wants to use his business address.
Since the customer will be moving to a new apartment and therefore may not yet know his street address, the customer can use his business address for identification purpose. Therefore, the customer can open the account.
Answer:
Option (d) $7,200 unfavorable.
Explanation:
Data provided in the question:
Standard price = $78
Actual price = $80
Standard quantity = 3,700
Actual quantity = 3,600
Now,
The direct material price variance
= ( Standard price - Actual price ) × actual quantity
= ( $78 - $80 ) × 3,600
or
= - 7,200 [ negative sign depicts unfavorable ]
Hence,
Option (d) $7,200 unfavorable.
Answer:
The statement is true
Explanation:
Credit card is the card which provide the benefit to the people to purchase the items without cash. In short, it is that card which the person could use when the person is short of cash or does not have cash while purchasing the item.
The benefit which is provided, it is against the interest which is being charged from the day the amount is spent till the date the whole amount (which is principle amount plus the interest amount) is paid to the company.
So, taking the cash in advance from the credit card would not be a wise decision as the interest begin from the day the advance is taken.
