Answer:
Explanation:
Standard fixed overhead rate=budgeted fixed overhead costs/practical capacity=$400000/32000=$12.50
Fixed overhead spending variance=Actual fixed overhead-Budgeted fixed Overhead=$403400-$400000=$3400
Fixed overhead volume variance=Budgeted fixed overhead-(Standard hours*Standard fixed overhead rate)=400000-(0.80*32000)=$397440
Answer:
Option (a) is correct.
Explanation:
A binding price ceiling occurs when the government of a nation sets the price for a particular good at a below level than the equilibrium price. This price level binds the market for charging any other price from the consumers and because of this binding price ceiling, the demand for goods increases by the consumers. But suppliers reduces the supply of the goods because of the lower profit obtained from selling the goods.
Complete/Correct Question:
An officer of a company has been invited by a large mutual fund company to give a talk to the fund company's analysts about its business plans and prospects. At the talk, the officer inadvertently discloses material information that could affect the stock's price. Which statements are TRUE?
I A public announcement of the news must be made within 24 hours
II A public announcement of the news must be made within 10 business days
III The company must file an 8K with the SEC disclosing the information to avoid insider trading liability
IV The company must file a 10K with the SEC disclosing the information to avoid insider trading liability
Answer:
i and iii
Explanation:
Under the Securities Exchange Act of 1934, insurance coverage for a customer accounts at any broker-dealer must be provided by the Securities Investor Protection Corporation, SIPC. Also,broker-dealers that handle non-exempt securities must be registered
By the above statements, if a a bank has customers that have both exempt and non-exempt securities, such bank is mandated to register as a broker-dealer according to the Securities Exchange Act of 1934 and as a matter of fact register under SIPC.
Cheers.
Answer: the value of the best opportunity a student gives up to attend college
Explanation: Opportunity cost is the cost of loosing benefits that one could have received if he or she would have chosen one alternative over the other. Usually the chosen alternative is the best and the rejected one is the second best.
Therefore, if a student decides to get to college the other opportunities that he might have chosen like doing a job or business is his opportunity cost.
Hence from the above we can say that the right option is B.
Answer:
a. The autonomous consumption is 300.
b. Marginal propensity to consume is 0.75.
Explanation:
This is an example of Keynesian consumption function which shows a positive relationship between consumption expenditure (C) and aggregate income.
In the consumption function C = 300 + 0.75Y:
a. The autonomous consumption is 300. It is spending that consumers have to make even without disposable income.
b. Marginal propensity to consume is 0.75. It shows how much consumption spending changes as result of change in income. That is, consumption expenditure will increase by 0.75 whenever there is an increase of $1 in income.