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Softa [21]
3 years ago
8

Dinham Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-d

ay. During March, the kennel budgeted for 4,700 tenant-days, but its actual level of activity was 4,780 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for March: Data used in budgeting: Fixed element per month Variable element per tenant-day Revenue - $ 35.20 Wages and salaries $ 3,600 $ 8.60 Food and supplies 1,100 15.10 Facility expenses 7,500 4.10 Administrative expenses 7,600 0.50 Total expenses $ 19,800 $ 28.30 Actual results for March: Revenue $ 144,230 Wages and salaries $ 28,660 Food and supplies $ 74,070 Facility expenses $ 27,220 Administrative expenses $ 7,106 The spending variance for food and supplies in March would be closest to:
Business
1 answer:
djverab [1.8K]3 years ago
4 0

Answer:

The spending variance for food and supplies in March would be closest to $122 U

Explanation:

In order to calculate the spending variance for food and supplies in March we would have to use the following formula:

Spending variance = Budgeted cost - Actual cost

Budgeted facility expenses for actual tenant days = $7,500 + (4780*$4.10) Budgeted facility expenses for actual tenant days =$27,098

Actual facility expenses = $27,220

Therefore, Spending variance = $27,098 - $27,220 = $122 U

Spending variance = $122 U

The spending variance for food and supplies in March would be closest to $122 U

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Adriana has borrowed $30,000 from her IRA in order to fund her startup costs. How long does she have to replace the money withou
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Answer:

it is NOT 30 days

Explanation:

7 0
3 years ago
Read 2 more answers
Using both the supply and demand for bonds and liquidity preference framework, show how interest rate are affected when the risk
nignag [31]

Answer:

Yes, the results are the same in both frameworks. Please see below for explanation.

Explanation:

With regards to the bond supply and demand framework, people will look to buy more bonds since they are more wealthy now. Hence, the supply of bonds will increase. The supply curve and the demand curve will both move to the right, with the former shifting more than the latter. The equilibrium interest rate will increase.

With regards to the liquidity preference framework, once the economy experiences a positive shift, there will also be an increase in the demand for money. People will make an increased number of transactions as well and hence, the demand curve will move towards the right. The equilibrium interest rate will rise too.

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2 years ago
Please answer the following questions to describe an instance in which you, an acquaintance, or family member has experienced an
AlexFokin [52]

Answer:

The externality that affected me was the U.S. recession of 2018.  

Explanation:

The externality is the term that refers to a variation in a outside factor that end up affecting persons involve in a business that is not related directly to the outside factor that changed.

1. The 2008 recession made harder for me to get a job in the restaurant sector even though the prices of the restaurants and hotels continued to be the same, many person have to cut their expenditure in tourism as the recession significantly impacted the financial institutions and many persons were laid off from their jobs which decreased consumption.  

2. The effects of the recession were: increase in the unemployment, decrease in the consumption, increase in foreclosures.  

3. I experienced decrease in my quality of life as it was harder for me to keep a job for a long time. Most of jobs were part time therefore it was a time where I have to live on my savings.

4. Pollution is best reduced if companies take conscience of the fact that they have a greater impact on the environment than individuals. This will lead to better business practices in the manage of residuals and raw materials.  

5. A positive externality can create a bubble in the prices and overestimate the actual value of an asset e.g. cryptocurrencies bubble was a positive effect for some investor that really knew the value of this securities but in the long run it created a bubble and people that did not know about cryptocurrencies invested and lost most of their money.

3 0
3 years ago
PURCHASING POWER PARITY In the spot market, 19.1 Mexican pesos can be exchanged for 1 U.S. dollar. A compact disc costs $15 in t
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Answer: $286.50

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Purchasing Power Parity (PPP) posits that prices are the same across countries given the rate of exchange between the currencies of the countries in question.

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= 19.1 * 15

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8 0
3 years ago
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