Answer:
The correct answer to the following question is option B) a double coincidence of wants .
Explanation:
The term double coincidence of wants ( which is also know as coincidence of wants ) can be defined as a situation where a buyer and seller can simultaneously fulfill each other's needs and wants because both of them possess what other want. Here if both parties possess what other want , they can directly exchange it , without any use of monetary medium.
Answer:
Staff authority.
Explanation:
In this case, Joan is exhibiting the type of staff authority.
This type of authority occurs when consulting with other line managers, providing them with ideas and advice, as seen in the question in the excerpt that says,<em> "Sometimes Joan makes strong suggestions about how other managers should deal with problems of your employees ".
</em>
Therefore, despite providing advice, it is necessary that the suggestions and ideas are approved by the superiors of each manager so that it can be implemented.
Wholesaling is the opposite of retailing. In a wholesaling industry, goods or products are being sold, and distributed to retailers. The wholesalers receives large quantities of these products and they are the ones who sells these to the retailers which are then sold to consumers. Hope this answers your question.
Answer: $3.10
Explanation:
The actual price per pound of direct materials purchased in June will be calculated as follows:
Let the actual price be represented by x.
Material price variance is calculated as:
= (standard price-actual price) × actual quantity
-2000 = (3 × 20000) - 20000x
-2000 = 60000 - 20000x
20000x = 60000 + 2000
20000x = 62000
x = 62000/20000
x = 3.1
Therefore, the actual price per pound of direct material bought in June is $3.10
