Answer:
From the list of options, Option A is the only correct one:
"the actual usage of materials was less than the standard allowed".
Explanation:
<em>Material usage variance</em>
A material usage variance occurs when the standard quantity required to active a particular level of production is higher or lower than than the actual actual quantity used. A favorable variance would mean than less quantity of materials were used than the standard to achieve a given output level. And an adverse variance would mean the opposite.
<em>Material price variance</em>
A material price variance occurs where materials are purchased at a price either lower or higher than the standard price. A favorable variance is recorded where the actual total cost of materials is lower that the standard cost. While an adverse variance implies the opposite.
From the list of options, Option A is the only correct one
Answer:
the total asset turnover is 2.65 times
Explanation:
The computation of the total asset turnover is shown below;
As we know that
Total assets turnover is
= Net sales ÷ average of total assets
= $720,855 ÷ ($91,932 + $206,935 + $111,201 + $133,851) ÷ 2
= $720,855 ÷ $271,959.50
= 2.65 times
Hence, the total asset turnover is 2.65 times
Answer:
Toby is not maximizing his utility because MUp/Pp > MUc/Pc
Explanation:
given data
marginal utility consuming peanuts = 100 utils per ounce
marginal utility consuming cashews = 200 utils per ounce
peanuts cost = 10 cents per ounce
cashews cost = 25 cents per ounce
solution
we know that Toby will have maximize utility when here
Marginal utility of peanut ÷ price of peanut = Marginal utility of cashew ÷ cash ..........................1
MU (p) ÷ P (p) = MU (c) ÷ P (c)
put here value
but here
10 > 8
so we can say Toby is not maximizing his utility because MUp/Pp > MUc/Pc
ROSE GREENHOW was instrumental in giving important information to the confederacy just before the second battle of bull run.
She was a socialite before the war. She became a Confederate spy during the American Civil War.
Answer:
1. Ellen would only be able to recover the $500,000 insurance proceed if she should be able to find a technicality in the insurance company's rules and regulation. <em>This is because, strictly following the rules, there is nothing she can do regarding to the claim.</em>
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2. It is not ethical for the insurance company to deny the claim of Ellen on the basis of technicality but when viewed from another perspective, they are strictly following the rules of the insurance organization and applying it to the later.<em> It is now left for the claimant to find another technicality on why he or she must be paid the insurance claim.</em>
Explanation:
