In a market economy, like the one described in the question, there is the potential to achieve efficiency in production. This is because producers can choose what they produce and can focus on the products they are good at. This can help with economies of scale and efficiency.
A pension fun act as an investor by (B) The company invests the money collected from employers and/or employees.
Answer:
$119.97
Explanation:
Given,
The weekend daily rate for the rental cost = $39.99
Total number of days = Friday morning, Saturday, and Sunday = 3 days
The rental cost for renting Cleoca's car for the weekend = Number of weekend days × the weekend daily rate for the rental cost
The rental cost = $39.99 × 3 days
The rental cost = $119.97
Therefore, her rental cost for renting the car is $119.97 for the weekend.
Answer:
Bank B is the better investment
Explanation:
Investment = P = $2,000
Number of years = n = 10
If the She invest in Bank A
r = 8.5% simple interest
Accumulated value after 10 years = A =P + (P x r x n) = $2,000 + ( $2,000 x 8.5% x 10 ) = $2,000 + $1,700 = $3,700
If the She invest in Bank B
r = 8% Compounded yearly
Accumulated value after 10 years = A = P x (1 + r )^n = $2,000 x ( 1 + 8% )^10 = $2,000 x ( 1 + 0.08 )^10 = $2,000 x ( 1.08 )^10 = $2,000 x 2.1589 = $4,317.8
= $4,318
Hence Bank B is the better investment because it make more money than in Bank A after 10 years.
Answer:
$2,450 Unfavorable
Explanation:
The computation of material price variance is shown below:-
Material price variance = ( Standard Price - Actual Price ) × Actual Quantity of materials purchased
= $17.40 - ($124,250 ÷ 7000) × 7,000
= ($17.40 - $17.75) × 7000
= $2,450 Unfavorable
Therefore for computing the material price variance we simply applied the above formula.
