Answer:
Direct material price variance= $24,603.6 favorable
Explanation:
Giving the following information:
Direct materials 7.6 ounces $4.00 per ounce
Purchases of raw materials 17,400 ounces
Actual cost of raw materials purchases $45,000 
<u>To calculate the direct material price variance, we need to use the following formula:</u>
Direct material price variance= (standard price - actual price)*actual quantity
Direct material price variance= (4 - 2.586)*17,400
Direct material price variance= $24,603.6 favorable
Actual price= 45,000/17,400= $2.586
 
        
             
        
        
        
Answer:
Self-interest in a market system will automatically promote the public interest as well.
Explanation:
An economy is a function of how money, means of production and resources (raw materials) are carefully used to facilitate the demands and supply of goods and services to meet the unending needs or requirements of the consumers.
Hence, a region's or country's economy is largely dependent on how resources are being allocated and utilized, how many goods and services are to be produced, what should be produced, for whom they are to be produced for and how much money are to be spent by the consumers to acquire these goods and services.
A free-enterprise system also referred to as capitalism or free market can be defined as a type of economy in which prices, products and services are being determined by the market rather than the government. Thus, a free-enterprise system is devoid (free) of government regulations, interference or control because the market (enterprises) are the ones who are saddled with the responsibility of determining the market forces.
Simply stated, a free-enterprise system is a type of economy that is completely driven by demand and supply of goods and services.
The "invisible hand" concept asserts that the self-interest by producers and suppliers of resources in a market system will automatically promote the public interest as well.
This ultimately implies that, public and private interest will always coincide assuming there exist competition in a free market system. 
In conclusion, the invincible hand concept is a metaphorical description of the unforeseen forces that typically moves a free market system or economy.
 
        
             
        
        
        
<u>Mutual funds</u> investment works by taking investors’ money, investing that collective money in stocks, bonds, and other investments, and managing this portfolio for the investors.
<h3><u /></h3><h3><u>A Mutual Fund is what?</u></h3>
A mutual fund is a type of financial vehicle that combines shareholder funds to invest in securities such as stocks, bonds, money market instruments, and other assets. Professional money managers run mutual funds, allocating the assets and aiming to increase investors' capital gains or income. 
<u>Can Shares in Mutual Funds Be Sold Anytime?</u>
Shares in mutual funds are regarded as liquid assets and may be sold at any time; nevertheless, you should carefully review the fund's exchange and redemption fee regulations. Capital gains from mutual fund redemptions may also have tax repercussions.
Learn more about mutual funds with the help of the given link:
brainly.com/question/12382329
#SPJ4
 
        
             
        
        
        
Insurance is a social and merit good as it makes financially risk averse people better off. It can help protect a business or a person from financial loss, liabilities or instability in the case of an owner or business partner's death. The benefit is administered by a central organization such as a government agency, private business, or not-for-profit entity.
 
        
             
        
        
        
<span>Direct competitors of NIKE can include ADIDAS and REEBOK. Indirect competitors of NIKE can include POLO and SEAN JOHN.</span>