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2 years ago

A(n)______ variance occurs when management pays an amount different from the standard price to acquire the item.

Business

1 answer:

fenix001 [56]2 years ago

3 0

Answer:

The answer is "Spending".

Explanation:

A(n) variance in spending happens whenever management spends a quantity other than the standard cost of the products to be acquired.

The difference in expenditure is the gap between the real level as well as the expected amount (or budget) of spending. Overhead costs often include fixed costs, e.g. operating expenses.

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In an open economy, gross domestic product equals $2,450 billion, consumption expenditure equals $1,390 billion, government expe

N76 [4]

Answer:

$735 billion

Explanation:

Calculation to determine the national saving

Using this formula

National saving =Gross domestic product-Consumption expenditure-Government expenditure

Let plug in the formula

National saving=$2,450 billion-$1,390 billion- $325 billion

National saving=$735 billion

Therefore the national saving is $735 billion

7 0

2 years ago

Why is there a time value of money (cash received today is valued more than cash received a year fromnow)?a. Interest rates are

Simora [160]

Answer:

<u>A and B are correct</u>

Explanation :

The TVM concept is based on the value of money which is today may change with time as a rise or fall in prices thus this explains why the interest rates are paid and calculated on the basis of the present values that may change such as future sum of money of cash flows, can get discontinued at the discounted rates.

Future values can be ascertained based on the present value of the product/assert. Thus the interest rates and inflation rates change as the risks and the consumer's needs will always be present and have existed earlier.

It's calculated by the present value and future value of money multiplied by the interest rate and the total number of years. I.e

FV = PV x [ 1 + (i / n) ] (n x t)

7 0

2 years ago

When supply increases, the supply curve

MariettaO [177]

When supply increases, the supply curve shifts to the right.

<h3>What is the supply curve?</h3>

This is the curve that is used to show the amount of goods that the producers would be able to make available for the market at a particular price. The supply curve shifts to the right when there is an increase in supply in the economy.

Hence this answers our question by saying that When supply increases, the supply curve shifts to the right.

Read more on supply curve here: brainly.com/question/11717727

#SPJ1

5 0

1 year ago

John was ordering orange cones to use for soccer drills during practices. If John decided to purchase cones now, he would buy 10

FrozenT [24]

The own-price elasticity of the soccer cones is -0.67

The computation of the own-price elasticity of the soccer cones is as follows:

We know that

The Elasticity of demand is

= (change in quantity ÷ average quantity) ÷ (change in price ÷ average price)

Here

Change in quantity = 14 - 10 = 4

average quantity = (14 + 10) ÷ 2 = 12

change in price = 3 - 5 = -2

average price = (3 + 5) ÷ 2 = 4

So,

The Elasticity of demand is

= (4 ÷ 12) ÷ (-2 ÷ 4)

= -0.67

Therefore we can conclude that the own-price elasticity of the soccer cones is -0.67

Learn more about the price elasticity of demand here: brainly.com/question/15313354

5 0

2 years ago

The probability that inventory will remain in stock based upon a specified level of Safety Stock is called: A. The Order-Up-To L

horsena [70]

Answer:

The answer is "Option D".

Explanation:

The system's performance is gauged only by the level of service. The quality of service specifies the percentage of such goals which should be met. That likelihood of stock remaining in inventory based on a set level of Security Stock is referred to as the service level. Ex: In a contact center, the number of calls that are addressed. That percentage of consumers who have waited less than a fixed amount of time.

4 0

2 years ago