Answer:
(1) $20,000 U
(2) $15,000 U
Explanation:
(1) Effect of the sales quantity variance on the contribution margin for November:
= (Budget dresses sold - Actual dresses sold) × (Budgeted contribution margin ÷ Budgeted dresses sold)
= (6,000 - 5,000) × (120,000 ÷ 6,000)
= $20,000 unfavorable
(2) Sales price variance for November:
= [(Budgeted sales ÷ Budget dresses sold) - (Actual sales ÷ Actual dresses sold)] × Actual dresses sold
= [(300,000 ÷ 6,000) - (235,000 ÷ 5000)] × 5000
= $15,000 unfavorable
Because when you are asking somebody, you need to be informed about the object and most objects involve science.
hope this helped :)
Answer:
The total amount of cash received is $91,350,000
Explanation:
The amount of cash proceeds realized from the bond issuance is the 99% of face value of $90 million plus the coupon interest due from January 2018(date of the bond) to April 1 ,2018(the date of bond issuance),that is three months of coupon interest payment.
The bond proceeds is computed as below:
Discounted bond price 99%*$90,000,000 =$ 89,100,000
Three months of interest 10%*$90,000,000*3/12 =$2,250,000
Total amount received from bond issue $91,350,000
Answer:
The local government issues a limited number of restaurant licenses every year. (A)
Explanation:
Bertha claims that the burgers sold by Luke's Express Diner are priced a bit too high, because they enjoy monopoly power in the town; hence with the local government issuance of a limited number of restaurant licenses every year, this will break the monopoly that Luke's Express Dinner enjoy, thus weakening Bertha's arguments.
Answer: Interest rate can vary
Explanation: Based on the description of Greg's and Joyce's mortgage loan, the key term is the adjustable nature of the loan used to finance the mortgage. Being adjustable simply means not fixated. Hence, the interest on the loan is bound to change throughout the entire period of the loan. This type of mortgage loans are called ADJUSTABLE RATE MORTGAGE or FLOATING mortgage. The change in the interest rate applied on the outstanding balance of is usually at intervals which could be annually, semianually or monthly basis as the case may be.
