Answer:
Activity variance = $858 unfavorable
Explanation:
The activity variance occurs as result of the difference between the actual level of work (activity) done and the budgeted level of work as planned.
$
Planned budget (1060 + (429× 11)) = 5,779
Flexible budget (1060 + (429 ×13) = <u>6,637
</u>
Activity variance <u> 858 unfavorable</u>
<span>a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.</span>
Answer:
Supply, interest
Explanation:
The money supply can be regarded as supply of all the currency as well as other liquid instruments in the economy of a particular country.
Money supply can be manipulated by central bank by influencing interest rates, as well as printing money. The federal reserve can also engage in open market operations which is the selling/buying security or bond of government. It should be noted that By manipulating the money supply the Federal reserve can change interest rates, thus encouraging or dicouraging additional investment.
Answer:
Part A. $8514
Part B. Purchase Return
Explanation:
Part A. The cash required to payment is the inventory purchases after the sales return. And here the inventory purchases after purchase return are:
Purchases after purchase return = $9,900 - $1,300 = $8600
Now the discount available is 1%
So this implies:
Cash required = $8600 * (100-1)% = $8,514
Part B. Now the double entry under perpetual inventory system would be:
Dr Accounts Payables $86
Cr Purchase Return $86