Answer:
A. The extended decision-making approach.
Explanation:
Extended Decision-Making is defined as a <em>decision that involves high participation of the consumers in order to decide to purchase or not a product, it usually revolves around expensive purchases.</em> We can see this exemplified when Fatima consults with friends and family before making her decision to buy a house, an expensive purchase.
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answers:
1. Return
2. An investment report for potential investors
3. It is guaranteed by the federal government
4. A device for pooling the savings of many investors and investing it in a variety of ways
5. The company uses money collected from the employees as a fund to finance the company
Answer:
The correct answer is letter "A": increase the discount rate.
Explanation:
Changes in the supply of money in a country are made through monetary policies. In the U.S. the Federal Reserve (Fed) is the central bank in charge of regulating the fluctuations of the money supply. The most common way to decrease it is by <em>raising the interest rate of short-term loans which increases the discount rate</em>. By doing this, financial institutions will request fewer loans from the Fed, thus, less money in the form of loans can be offered in the market.
Answer:
Direct material price variance= $53.69 unfavorable
Explanation:
Giving the following information:
Actual purchase= 4,130 pounds of plastic
Actual cost= $5,972 (total)
The standard price for the plastic is $1.433 per pound.
The company used 4,060 pounds of the plastic to produce 18,500 dive masks.
To calculate the direct material price variance, we need to use the following formula:
Direct material price variance= (standard price - actual price)*actual quantity
Actual price= 5,972/4,130= $1.446
Direct material price variance= (1.433 - 1.446)*4,130= $53.69 unfavorable
Answer:
<h2>How to record a credit sale:</h2>
The General Journal or Sales Journal (a subsidiary journal) if the volume of credit sales is on the high side can be used.
i) Using the General Journal:
Date Description Debit Credit
xxx Accounts Receivable (Marjorie Customer) $$$
Sales Revenue $$$
To record the sale of goods on credit, terms n/30.
ii) Alternatively, the Sales Journal is used:
Date Description Amount
xxx Marjorie Customer $$$
other customers $$$
Total (Accounts Receivable) $$$
Explanation:
The General Journal is an all-purpose journal, which can be used to initiate the recording of business transactions. It shows the accounts to be debited and the ones to be credited in the General Ledger.
The use of a subsidiary journal, e.g. a Sales Journal, helps to summarize the particular type of transaction for a period before the total is posted to the control account in the general ledger and the individual customer accounts in the Subsidiary Ledger.
