Answer:
C. Discretionary fiscal policy and meant to increase consumer spending.
Explanation:
Discretionary fiscal policy is basically the tax rebates that changes the expansion or shrink the economy as needed.
PRODUCTION CYCLE is the <u>time span between the receipt of raw material and their conversion into finished goods.</u>
Answer:
A)
standard :direct material :9000/1000=9 pound per bad*.40=3.6
DL :48/1000=.048 *8.5=.408
voh: 16/1000=.016*10=.16
Actual Standard
DM 3578/1000=3.578 3.6
DL 450/1000=.45 .408
VOH 225/1000=.225 .16
Total variable cost per bag $4.253 4.168
b)
Materials price variance =actual cost-[AQ*SR]
=3578-[9300*.40]
= 3578- 3720
= -142 F
Quantity variance =SR[AQ-SQ]
= .40[9300-9000]
= 120 U
Labor rate variance = Actual cost-[ah*sR]
= 450-[45*8.5]
= 450-382.5
=67.5 U
Labor efficiency variance =SR[AH-SH]
= 8.5[45-48]
= -25.5 F
Variable overhead rate variance = actual cost- [AH*SR]
= 225-[18-10]
= 225-180
= 45 U
VO efficiency variance =SR[AH-SH]
= 10[18-16]
= 20 U
c)
A-Use of higher skilled employees and high efficiency equipment.
Engagement of skilled labor requires high payment resulting unfavorable variance and with the use of high efficiency equipment ,labor time is reduced resulting favorable variance.
Answer: A drought will lead to a leftward shift in the supply curve which results in higher equilibrium price and lower equilibrium quantity supplied.
Explanation: In the early 2000s, Australia's rice growing regions experienced drought which led to an increase in price from 12 to 24 cents a pound. The absence of rain in Australia's rice growing region resulted in a price increase as rain is essential for the growth of crops.
The drought will lead to an increase in price and reduction in quantity supplied in world market. Graphically, a reduction implies that the supply curve shifts to the left indicating that producers are providing less quantity of rice. A leftward shift in the supply curve results in higher equilibrium price and lower equilibrium quantity.
Attached below is the graph.
Answer:
a. $265,336
Explanation:
we are told to calculate which amount will make both payments equal:
- payment 1 = $1,000,000 in 5 years
- payment 2 = $500,000 now + ? in 5 years
in order to be able to compare them, we must determine the value of the $500,000 paid now in 5 years:
future value = present value x (1 + interest rate)ⁿ
future value = $500,000 x (1 + 0.08)⁵ = $734,664
$1,000,000 = $734,664 + ?
? = $1,000,000 - $734,664 = $265,336