Most criminals will also face tort civil cases after they are convicted of their crimes.

The standards for product V28 call for 8.6 pounds of raw material that costs $19.00 per pound. Last month, 2,600 pounds of the r

aliina [53]

Answer:

A. $520 U

B.178 F

Explanation:

A.

Materials price variance = (AQ × AP) – (AQ × SP)

= $48,880 – (2,600 × $19)

=$48,880-$49,400

= $520 U

Therefore the material price variance for the month is $520U

B.

Materials quantity variance = SP(AQ – SQ*)=

$19 ($2,500 – $2,322) = $178F

Therefore the materials quantity variance for the month $178F

SQ = Standard quantity per unit × Actual output

= 8.6 × 270 = $2,322

7 0

3 years ago

Respond to the following comments:

MakcuM [25]

Answer:

Comment for statement A - The firm must still compare the IRR with the opportunity cost of capital when using the IRR rule. Therefore, even with the IRR method, the appropriate discount rate must still be specified.

Comment for statement B - There should be a higher discount rate on risky cash flows than the rate used to discount less risky cash flows.

Making use of the payback rule is equivalent to using the NPV rule with a zero discount rate for cash flows before the payback period and an infinite discount rate for cash flows thereafter.

Explanation:

a)

“I like the IRR rule. I can use it to rank projects without having to specify a discount rate”

The firm must still compare the IRR with the opportunity cost of capital when using the IRR rule. Therefore, even with the IRR method, the appropriate discount rate must still be specified.

b.

“I like the payback rule. As long as the minimum payback period is short, the rule makes sure that the company takes no borderline projects. That reduces risk”

There should be a higher discount rate on risky cash flows than the rate used to discount less risky cash flows.

Making use of the payback rule is equivalent to using the NPV rule with a zero discount rate for cash flows before the payback period and an infinite discount rate for cash flows thereafter.

5 0

3 years ago

The three steps which will create triangular arbitrage profit are as follows: first step, convert ____; second step, convert ___

Vladimir [108]

Answer:

The correct option is b) USD to GBP; GBP to CHF; CHF to USD.

Explanation:

A triangular arbitrage can be described as the act of taking advantage of a foreign exchange market arbitrage opportunity created by a pricing difference between three different currencies.

A triangle arbitrage method entails three deals, with the first currency being converted to a second, the second currency being converted to a third, and the third currency being converted to the first.

In the question, USD is the first currency, GBP is the second currency, and CHF is the third currency. Based on the explanation above, the three steps which will create triangular arbitrage profit are as follows: first step, convert USD to GBP; second step, convert GBP to CHF, and third step, convert CHF to USD.

Therefore, the correct option is b) USD to GBP; GBP to CHF; CHF to USD.

7 0

3 years ago

Suppose the world price of cotton falls substantially. The demand for labor among cotton-producing firms in Texas will . The dem

exis [7]

Answer:

decrease

increase

Frictional

) establishing government employment agencies to connect unemployed workers to job vacancies

Explanation:

The options needed to answer the last question are :

a) extending the number of weeks for which unemployed workers are eligible for unemployment insurance benefits from the government

b) establishing government employment agencies to connect unemployed workers to job vacancies

c) offering recipients of unemployment insurance benefits a cash bonus if they find a new job within a specified number of weeks

The law of supply states that the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

It follows that if the world price of cotton falls, the quantity supplied would fall too as firms would reduce their production of cotton. If firms reduce their production of cotton, they would need less labour and the demand for Labour would fall.

In the industry that makes use of cotton has an input, the fall in world price would make cotton cheaper. The firm would increase the quantity demanded for and as a result production would increase. Firms would need more labour as a result of the increase in production. Therefore, the demand for Labour would increase.

Frictional unemployment is unemployment that results as a result of labour moving from one job to another

Establishing government employment agencies to connect unemployed workers to job vacancies would ease the job search of labour and reduce unemployment.

I hope my answer helps you

4 0

3 years ago

Mayfair Co. allows select customers to make purchases on credit. Its other customers can use either of two credit cards: Zisa or

alexandr402 [8]

Answer:

June 4 Sold $650 of merchandise (that had cost $400) on credit to Natara Morris.

June 4

Dr Accounts receivable 650

Cr Sales revenue 650

June 4

Dr Cost of goods sold 400

Cr Inventory 400

5 Sold $6,900 of merchandise (that had cost $4,200) to customers who used their Zisa cards.

June 5

Dr Accounts receivable 6,693

Dr Credit card fees 207

Cr Sales revenue 6,900

June 5

Dr Cost of goods sold 4,200

Cr Inventory 4,200

June 5, after Zisa transfers the money

Dr Cash 6,693

Cr Accounts receivable 6,693

6 Sold $5,850 of merchandise (that had cost $3,800) to customers who used their Access cards.

June 6

Dr Unbilled revenue 5,733

Dr Credit card fees 117

Cr Sales revenue 5,850

June 6

Dr Cost of goods sold 3,800

Cr Inventory 3,800

8 Sold $4,350 of merchandise (that had cost $2,900) to customers who used their Access cards.

June 8

Dr Unbilled revenue 4,263

Dr Credit card fees 187

Cr Sales revenue 4,350

June 8

Dr Cost of goods sold 2,900

Cr Inventory 2,900

10 Submitted Access card receipts accumulated since June 6 to the credit card company for payment.

June 10

Dr Accounts receivable 9,996

Cr Unbilled revenue 9,996

13 Wrote off the account of Abigail McKee against the Allowance for Doubtful Accounts. The $429 balance in McKee’s account stemmed from a credit sale in October of last year.

June 13

Dr Bad debt expense 429

Cr Allowance for doubtful accounts 429

17 Received the amount due from Access.

June 17

Dr Cash 9,996

Cr Accounts receivable 9,996

18 Received Morris’s check in full payment for the purchase of June 4.

June 18

Dr Cash 650

Cr Accounts payable 650

3 0

3 years ago