<span>#1) Which of the law ideas might be created under the Elastic Clause?
Answer: First we have to understand that the Elastic Clause is a statement in the constitution, Clause in Article I, Section 8 of the Constitution that gives Congress the right to make all laws “Necessary and Proper”. Its interpretation has caused many debates regarding the bounds of Congress in passing laws that are not expressly covered in the Constitution. Out of all the options that are available the most likely to be created under the elastic clause is A) rules for approving foreign treaties.
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Answer: $600F
Explanation:
Given the following :
standard unit price - $1.80
actual purchase price per unit - $1.65
actual quantity purchased - 4,000
units actual quantity used - 3,900
units standard quantity allowed for actual production - 3,800 units
Material purchase price variance = ( Actual unit price of material - standard unit price of material) × Actual unit of material purchased
($1.65 - $1.80) × 4000
( $0.15) × 4000
$600F (Favorable) because standard price is higher than actual price
Answer:
Decrease by $30,000
Explanation:
Cost to buy = 15,000 * $34
Cost to buy = $510,000
Note: Since Ortega is buying 15000 units at $34, the $40,000 avoidable cost on fixed manufacturing overhead is non-applicable.
Cost of making = $150,000 + $240,000 + $90,000
Cost of making = $480,000
So, if Ortega purchases the component from the supplier instead of manufacturing it, the effect on income would be decrease by $30,000 ($510,000-$480,000).
Answer:
To pay for groceries
Explanation:
Personal loan is a type of unsecured loan which a person takes to fulfill his basic daily financial needs. And it is quite flexible, means the borrower is free to use as per his/her need. For example, travelling costs, groceries, medical emergencies, home renovation etc.
Answer:
$321 per share.
Explanation:
Given that
Annual cash flows = $18,000
Number of shares outstanding = 100
Dividend per share = $180
Required rate of return = 8%
So by considering the above information, the present value of the share of a stock is
Present value of share = Dividend received × Present value of $1 received every year at the end of year 2 at 8%
= $180 × 1.7832
= $321 per share.
