I had to look for the options and here is my answer:
Within the domain of logistics management, the customer service concept suggests that the firms should simultaneously establish customer service levels and logistic costs in order to achieve the given strategic goals. (The answer is based on the actual options given).
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<span>The Accounts Receivable account has total debit postings of $1,900 and credit postings of $1,100. The balance of the account is a/an
Answer: </span><span>A. $800 debit.
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A financial statements are helpful to the business owner, employees, and investors because:
- It helps to financial plan
- It helps to make decisions
- It helps to adhere to regulations etc
<h3>What are financial statements?</h3>
This refers to those written records that convey the business activities and the financial performance of a company.
Some examples of financial statements in every standard companies includes Income statement, Cash flow statement, Balance sheet, Note to Financial Statements, Statement of change in equity etc.
In conclusion, majority of firm's financial statement are audited by government agencies, accountants, firms to ensure accuracy, tax purpose, financing, investing purposes etc.
Read more about financial statements
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Answer:
15.68%
Explanation:
Now to get the expected return of the portfolio, we need to find the return of the portfolio in each state of the economy. This portfolio is a special case since all three assets have the same weight. To find the expected return in an equally weighted portfolio, we can sum the returns of each asset and the we divide it by the number of assets, so the expected return of the portfolio in each state of the economy will be :
Boom: RP= (.13 + .21 + .39) / 3 = .2433, or 24.33%
Bust: RP= (.15 + .05 −.06) / 3 = .0467, or 4.67%
Now to get the expected return of the portfolio, we multiply the return in each state of the economy by the probability of that state occurring, and then sum. In so doing, we get
E(RP) = .56(.2433) + .44(.0467)
=.1568, or 15.68%
Answer:
Standard material quantity allowed = 270 units × 8 pounds
= 2,160
Material Price variance = Actual Quantity (Standard price - Actual price)
= 2,100 (3.90 - 4.00)
= 210 Unfavorable
Material Qty variance = Standard price (Standard quantity - Actual quantity)
= 3.90 (2,160 - 2,100 )
= 234 Favorable
Total Material Variance:
= (Standard quantity × Standard price) - (Actual Quantity × Actual price)
= (2,160 × 3.90) - (2,100 × 4)
= 24 Favorable
Labour rate variance = Actual hours (Standard rate - Actual rate)
= 1390(14 -13.80 )
= 278 Favorable
Labor efficiency variance = Standard rate (Standard hours-Actual hours)
= 14 (1350 -1390)
= 560 Unfavorable
Total Labour cost variance:
= (Standard hours × Standard rate) - (Actual Hours × Actual rate)
= (1350 × 14) - (1390 × 13.80)
= 282 Unfavorable