Answer:
2
Explanation:
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Answer:
$53,000,000
Explanation:
The amount of dividends paid by Del-Castillo Inc. can be ascertained using the retained earnings formula as follows:
retained earnings=net income+previous year retained earnings-dividends paid
retained earnings for current year is $960 million
net income is $70 million
previous year retained earnings were $943 million
dividends paid is unknown
dividends=net income+previous year retained earnings-current year retained earnings
dividends=$70 million+$943 million-$960 million
dividends=$53 million
Answer:
$1,200 favorable
Explanation:
Given,
Standard unit price for direct materials, SP = $8 per gallon
Actual direct materials price, AP = $22,800
Actual number of direct materials, AQ = 3,000 gallons
Actual unit price for direct materials = Actual direct materials price ÷ Actual number of direct materials
Actual unit price for direct materials = $22,800 ÷ 3,000 gallons
Actual unit price for direct materials = $7.6 per gallon
We know,
Direct Material Price Variance = (SP − AP ) × AQ
Direct Material Price Variance = $(8 - 7.6) × 3,000 gallons
Direct Material Price Variance = $1,200 favorable
In a market economy, the factors of production are allocated by PRODUCERS AND CONSUMERS.
A market economy is a type of economy in which investment decisions about production and distribution of goods and services are based on the interplay of the forces of supply and demand which determine the prices of goods and services.