Answer:
See below
Explanation:
Given the above information,
Direct material price variance is computed as;
= (Actual price - Standard price) × Actual quantity
Actual price = $436,800/208,000
Standard price = $436,800/182,000
Actual quantity = 208,000
Direct material price variance
=[ ($436,800 / 208,000) - ($436,800 / 182,000 ] × 208,000
= ($2.1 - $2.4) × 208,000
= $62,400 unfavourable
<span>The organization that requires a 90-day supply of oil is the International Energy Agency (IEA). Each country in the organization must stock an amount of petroleum equivalent to this amount because of the organization's obligations.</span>
Answer:
D. $1 comma 000 billion increase
Explanation:
The reserve requirement ratio determines the total amount of checkable deposits a bank must keep.
In this case the reserve ratio it's 5%, which means that the total amount of deposits cannot exceed an amount equal to 20 times its reserves.
If the reserves increase by $50 billion then $50/0,05 = 1.000 billion increase.
Answer:
Select the answer that best describes the strategies in this game.
- Both companies dominant strategy is to add the train.
Does a Nash equilibrium exist in this game?
- A Nash equilibrium exists where both companies add a train. (Since I'm not sure how your matrix is set up I do not know the specific location).
Explanation:
we can prepare a matrix to determine the best strategy:
Swiss Rails
add train do not add train
$1,500 / $2,000 /
add train $4,000 $7,500
EuroRail
do not add train $4,000 / $3,000 /
$2,000 $3,000
Swiss Rails' dominant strategy is to add the train = $1,500 + $4,000 = $5,500. The additional revenue generated by not adding = $5,000.
EuroRail's dominant strategy is to add the train = $4,000 + $7,500 = $11,500. The additional revenue generated by not adding = $5,000.
A Nash equilibrium exists because both companies' dominant strategy is to add a train.
Answer:
Detailed solution is given in the tabular form below:
