Answer:
$59,400 favorable
Explanation:
The computation of the direct material quantity variance is shown below;
As we know that
Direct material quantity variance is
= Standard Price × (Standard Quantity - Actual Quantity)
= $9 × (16,400 pounds - 9,800 pounds)
= $9 × 6,600 pounds
= $59,400 favorable
The favorable variance indicates that the standard quantity is more than the actual quantity and the same is to be considered
Answer:
The correct answer is A
Explanation:
Unsecured loan is the kind of loan which is not attached to any kind of collateral. The assurance which is required from the lender that the person will repay the debt, which is the person creditworthiness and on the words of the person.
The unsecured loans involve the student loans as well as personal loans. And credit cards is also the another kind of unsecured credit, referred to as revolving credit, where the person borrow and repay the money monthly.
So, Carla applying for the loan, the condition which make the loan likely is that she has a good credit history, in order to get the unsecured loan.
Answer:
B. Weighted average cost of capital
Explanation:
The Weighted average cost of capital is abbreviated as the WACC. It is the weighted average of cost of common equity, cost of preferred equity and aftertax cost of debt. For a company to have a breakeven in returns, they need to earn a minimum rate of return on its assets which is equivalent to the weighted average cost of capital(WACC) making choice B correct.
Answer:
D. When ITQs are used, no one has an incentive to cheat and exceed the quota.
Explanation:
As ITQs (individual transferable quotas) were initially created by the government to regulate an above all, social affair, which is related to the share in the total allowable catch of fish (species).
Since some of the fishermen have lower and some have higher marginal costs of "producing" fish, they trade ITQ's between themselves, with those who have high marginal costs selling ITQs to those that have low marginal costs. Also, the marginal private cost now becomes determined by the initial marginal private cost of the fish, plus the <u>price of the ITQ</u>. Then, it becomes known as the marginal social cost.
The equilibrium for the ITQ price is the difference between the <em>marginal social benefit</em> and the marginal cost. With the base marginal private cost becoming the marginal social cost, no one has the incentive to exceed the quota, as that would make the marginal cost go higher than the price, and the marginal profit lower. This notion creates the equality between self-interest and social interest.
