Answer:
Standard price = $6.40
Actual price = $5.90 ($2,950/500)
Standard quantity = 550
Actual quantity = 500
Direct materials price variance = (Actual price - Standard price) * Actual quantity
= ($5.90 - $6.40) * 500
= $0.5 * 500
= $250 Favorable
Direct materials quantity variance = (Actual quantity - Standard quantity) * Standard price
= (500 - 550) * $6.40
= 50 * $6.40
= $320 Favorable
Total direct materials cost variance = Direct materials price variance + Direct materials quantity variance
= $250 Favorable + $320 Favorable
= $570 Favorable
Answer:
The correct answer is option A.
Explanation:
Marketing research refers to the set of techniques and principles for systematically collecting, recording, analyzing, and interpreting data that can aid decision-makers involved in marketing goods, services, or ideas.
It involves a number of steps such as defining the objectives and research needs, designing the research, collection of data.
Marketing research is helpful in making decisions related to marketing goods, services and ideas.
The finance team of an organization has prepared an end of quarter balance sheet. The stockholders equity amount is a negative value. What must be true in this situation? D. The organizations liabilities are greater than the assets. Stockholders equity is also known to many as shareholders equity. This is listed on the companies balance sheet and includes the total assets and the total liabilities subtracted then equals stockholder's equity. Since you subtract the liabilties from the assets, if there is a negative value then the liabilities are greater than the assets.
Answer:
The amount of cash received from this sale on July 24 is $1940.
Explanation:
The sell of merchandise on July 15 will result in an increase in sales revenue of $3800 and accounts receivables of $3800. The entry would be,
July 15 Accounts receivable $3800 Dr
Sales revenue $3800 Cr
The sales return of $1800 will reduce the amount of accounts receivables. The amount of accounts receivables outstanding and eligible to receive payment from will be (3800 - 1800) = $2000
The accounts receivables are offered a 3% discount if they pay within the 10 days of sale. On July 24, the payment is received within discount period and the discount allowed will be,
Discount allowed = 2000 * 0.03 = $60
The cash received will be $2000 - $60 = $1940
The larger impact will be felt on aggregate demand in the economy and the Larger MPC when there is tax cut.
Tax cuts refers to when there is reduction in tax payment along with the government revenue.
- The main reason for Tax cuts is to decrease the income of government and to increase the income of tax payers.
In conclusion, the larger impact will be felt on aggregate demand in the economy and the Larger MPC when there is tax cut.
Read more about Tax cuts:
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