Answer:
Clementine's sales volume variance = (BQ - AQS) x Standard profit margin
= (974 - 1,051) x ($95 - $49)
= $3,542(F)
Explanation: Sales volume variance is the difference between budgeted quantity and actual quantity sold multiplied by standard profit margin. Standard profit margin is the excess of budgeted selling price over actual selling price.
Answer:
Cost of goods sold= $28,900
Explanation:
Giving the following information:
Beginning inventory= 1,550 units at $18
February= 1,800 units at $17
March= 850 units at $19
Xu sells 1,600 units during the quarter.
To calculate the cost of goods sold under LIFO (last-in, first-out) we will use the cost of the last units incorporated to inventory:
Cost of goods sold= 850*19 + 750*17= $28,900
Explanation:
A focus group can be defined as a qualitative marketing research method where some people with common characteristics are brought together in a group who are guided by a trainer to promote discussions on a particular topic of interest and gather information to assist in decision making.
To organize focus groups for an innovative German-style fast food restaurant, you could separate 3 groups, the first being ages 18 to 30, the second 30-45 and the third group 45 and above.
The screening criteria could be, sources of income, profession, sex, taste for food, hobbies, etc.
The questions to ask could be related to the number of times a week people eat fast food, what is your favorite German food, how much are you willing to pay for the options offered in the restaurant, what elements do you consider most attractive in a restaurant ,etc.
Rightward change in the supply curve The cost of producing a corporation's goods would go down if the income tax was eliminated.
<h3>When a good's tax rate rises gradually, what happens to the tax revenue?</h3>
Up to T*, government revenue grows along with the tax rate. Increased tax rates cause revenue to decrease past point T*. To put it simply, attempts to impose taxes above a particular threshold are unsuccessful and actually lead to lower overall tax receipts.
<h3>Which shifts in the supply curve of a product will they occur?</h3>
A change in supply, in its simplest form, is an alteration in the quantity delivered along with a rise or fall in the supply price. A shift in supply can be brought about by new technology, such as less expensive or more efficient production methods, or by a change in the number of market rivals.
Learn more about tax rate here:
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The net present value would be zero.
Hope this helped! :)