Answer:
Check the explanation
Explanation:
Sales price variance = (Actual price - Budgeted price) * Actual units sold
Product R : ($25 - $26) * 123000 = $123000 unfavorable
Product S:($20 - $22) * 162700 = $325400 unfavorable
Product T: ($10 - $20) * 54000 = $540000 unfavorable
Sales volume variance = (Actual units - Budgeted units) * Standard price
Product R : (120000 - 123000) * 26 = $78000 favorable
Product S:(150000 - 162700) * 22 = $279400 favorable
Product T: (20000 - 54000) * 20 = $680000 favorable
Notes:
Actual units:
Product R = $3075000/ $25 = 123000
Product S = $3254000/$20 = 162700
Product T = $540000/$10 = 54000 units
Answer:
D. 321,600.
Explanation:
Present value is the current value of a future amount that is to be received or paid out.
Given:
Present value, P = $60000
Present value of ordinary annuity for the remaining 6 years = 4.36
The Present value, PV of the note is equal to the first payment + the Present value of ordinary annuity (all at 10%) of the remaining six payments
Sales revenue = $60000 + (60,000 × 4.36)
= $60000 + $261,600
= $321,600
Thus, sales revenue of $321,600.
Answer:
- 10%
- (will increase in the short run) but in the long run it will return to the potential output level.
Explanation:
If the money supply is increased by 10%, the inflation rate will also increase by 10%.
In the short run the economy will be able to produce an output which is higher than the potential GDP, but once the inflation rate catches up, both the unemployment rate will increase and the real GDP will return to its potential output level.
Answer:
Executive summary
Explanation:
It provides information about the business's purpose.
Answer:
A) meritocratic.
Explanation:
Meritocratic: It is defined as a social system where people´s status and success depend on their talent, skills, and contribution to society rather than wealth or social position. It gives priority to merit in society and promotes equality in society. The opposite of meritocratic is nepotism, which creates a gap in a society and provides an opportunity to only a privileged one. Meritocracy term was first time used by Michael Young.
In the given case, Jim get a job, where executive director tell him that if he works hard and earns favorable reviews, he could work his way up to a position of greater responsibility and income. Therefore, such system is referred as Meritocratic.
