Answer:
$78,750 unfavorable
Explanation:
Total labor variance can be divided into direct labor efficiency variance and the direct labor rate variance
Direct labor efficiency variance (DLEV):
DLEV = (Expected labor hours - actual labor hours)*standard rate
Direct labor rate variance (DLRV):
DLRV = Actual labor hours * (Standard Rate - Actual Rate)
Since both values are negative, they are both unfavorable and the total labor variance (TLV) is given by:
Annual rate of return is the amount you gain/lose on average each year. it is calculate as the following:
Rate of Return = (ending value - amount invested) / the number of years
OR
(1,100,000 - 1,680,000) / 3 = annual rate of return
Answer:
No. Account Type Likely account entries
1. Fees Earned , normal balance is credit (b) Credit entries only
2. Utilities Expense , normal balance is debit (a) Debit entries only
3. Accounts Payable , normal balance is credit (c) both debit and credit entries
4. Supplies , normal balance is debit (c) both debit and credit entries
5. Cash , normal balance is debit (c) both debit and credit entries
6. Accounts Receivable , normal balance is debit (c) both debit and credit entries
Explanation:
Accounts that normally have debit entries include assets (both long-term and current), expenses, and losses. Accounts that normally have credit entries are liabilities, equity, revenue, income or gains. Most accounts have debit and credit entries before their normal balances are indicated. The accounts with debit entries are mainly expenses and losses, while revenues and income have mainly credit entries.
Answer:
The correct answer is letter "B": The "Special Statement for Uncovered Options Writers" must be provided before executing the transaction.
Explanation:
A naked call is a type of strategy options traders use when writing a call option without owning the underlying assets. For this to be possible, the trader must sign an options agreement and the Registered Options Principal (ROP) must approve the account so the trader can write naked options.
Before proceeding the "<em>Special Statement for Uncovered Options Writers</em>" must be provided.
Answer:
First law of business.
Explanation:
According to the first law of business, taking care of customers is essential to obtaining a competitive advantage in order to keep them considering the fact that these customers are the king of the market.
