Answer:
The materials price variance for the month is $5,265 favorable
Explanation:
The material price variance is computed by taking a difference between the actual price - standard price and multiply with actual quantity.
In the given question, the actual price is not given. So, we need to calculate the actual price by using the formula which is shown below:
= Actual cost of material purchased ÷ Actual materials purchased
= 151,065 ÷ 8,100 meters
=$18.65 per meters
Now, we can easily calculate. The equation is shown below:
= (Actual Price - Standard Price) × Actual Quantity
= ($18.65 - $18.00) × 8,100
= $5,265 favorable.
Thus, the materials price variance for the month is $5,265 favorable.
Answer:
C. 3.91; more
Explanation:
the first part of the question is missing. It involved several aspects of Big Valley including its current and quick ratios, ROE and how they compare to the industry's average (they are generally lower than the industry's average).
This particular question refers to times interest earned ratio = EBIT / interest expense = 3.91, and how it compares to the industry's average (it is higher than the industry's average).
Since Big Valley performs poorly against the industry's average when comparing the other 3 metrics, but performs very well in the times interest ratio, it means that Big Valley has a low debt ratio. A low debt ratio results in lower financial leverage and lower interest expense.
Integrity is the act of behaving honorably, even when no one is watching. ... Employers who are committed to hiring employees with integrity are better equipped to provide high-quality service and maintain a positive reputation. When employees have integrity, their managers can trust their team is working diligently.
The truth about open-end mutual funds is that they <span>are bought or sold at their net asset value.
</span><span>Open-end mutual fund is a type of fund which shares are bought and sold on demand at their net asset value, or NAV, which is based on the value of the fund's underlying securities and is generally calculated at the close of every trading day.</span>
Answer:
Loss in purchasing power =$(96.67)
Explanation:
To determine the change in purchasing power, we will compare the value of the IRA after 3 years to its purchasing power in term the prices there years ago.
The value of 5,500 in 3 years time = 5,500 × 1.012^3 = 5700.385
The purchasing power of 57,000.38 in term's of the price 3 years ago
=5700.385504
× 1/(1.018^3)
= $5403.32
Change in purchasing power = $5403.32 - $5,500= $(96.67)
Loss in purchasing power =$(96.67)
