Given:
<span>standards for direct materials in making a certain product are 20 pounds at $0.75 per pound. 56,000 units of product were made and the materials quantity variance was $30,000
30,000 / 0.75 per pounds = 40,000 pounds
The materials quantity variance of $30,000 infers that 40,000 pounds were used inefficiently.
56,000 units x 20 pounds = 1,120,000 pounds used
total pounds used: 1,120,000 + 40,000 = 1,160,000 pounds
The number of pounds of direct materials used during the period is 1,160,000 pounds.</span>
A
A price is at "quilibrium price" is when demand of quantity and supply are equal.
Answer:
11.9%
Explanation:
Data provided in the question:
Company's net income last year = $65,000
Interest expense = $20,000
Beginning assets = $640,000
Ending assets = $690,000
Now,
Average total assets = [ Beginning assets + Ending assets] ÷ 2
= [ $640,000 + $690,000 ] ÷ 2
= $665,000
Adjusted net income = Net income + [ Interest expense × (1 -Tax rate) ]
= $65,000 + [ $20,000 × (1 - 0.30) ]
= $79,000
Return on total assets = ( Adjusted net income ) ÷ ( Average total assets )
= $79,000 ÷ $665,000
= 0.1188
or
= 0.1188 × 100%
= 11.88% ≈ 11.9%
Answer:
A. Seed Capital
Explanation:
Seed capital is the initial funding that is required when an entrepreneur wants to take on a new business venture. This is crucial for any business to develop and grow. When taken literally, assume that you want to grow a plant. In order to do this, you would require the seed of that plant, without which, no rich soil, sun or water will help.
The seed capital satisfies the same purpose with a business. If this is unavailable, the business cannot be set up and run. This is the money that is necessary to begin preliminary activities such as research and development, market research and business plan development. Seed capital contains a lot of risk for the investor since it involves investing in a business that has not yet functioned and has no profits or sales records. Generally, investors who provide seed capital do so for a stake in the business such as family and friends rather than a bank or loan institution.
Answer: open a savings account
<span><span>From the given choices (apply for a credit card, open a savings account, apply for a car loan, open a store credit account</span>), the first step in building a good credit record is to open a savings account. </span>
Bank accounts can help you access credit and acquire a home, a car, a personal loan because banks favor existing customers, especially those who manage their money well.