2 years ago

A hurricane hits the coast of the United States, destroying oyster farms. Afterward,

Business

2 answers:

Free_Kalibri [48]2 years ago

5 0

Answer: C. Scarcity

The situation is an example of scarcity.

sertanlavr [38]2 years ago

4 0

The answer would be Scarcity because they are short supply do to the hurricane.

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During November, TaskMaster purchased 208,000 pounds of direct materials at a total cost of $436,800. The total factory wages fo

aniked [119]

Answer:

See below

Explanation:

Given the above information,

Direct material price variance is computed as;

= (Actual price - Standard price) × Actual quantity

Actual price = $436,800/208,000

Standard price = $436,800/182,000

Actual quantity = 208,000

Direct material price variance

=[ ($436,800 / 208,000) - ($436,800 / 182,000 ] × 208,000

= ($2.1 - $2.4) × 208,000

= $62,400 unfavourable

8 0

3 years ago

Which of the following types of inventory describes inventory that has been purchased but not processed?

PtichkaEL [24]

Answer:

A. raw material inventory

Explanation:

Inventory materials are basically of 3 types namely; Raw materials, semi-finished goods and finished goods.

Raw materials are inventory materials yet to be processed. It is usually referred to as material cost.

Inventory items that have been processed but yet to be finished are called semi finished goods. Such items are also called work-in-process inventory.

Finished goods are inventory items ready to be sold.

Based on the above statements, the right option is A. raw material inventory.

3 0

3 years ago

Assume the perpetual inventory; system is used unless stated otherwise. Round all numbers to the nearest whole dollar unless sta

Bingel [31]

Answer: Check attachment

Explanation:

In the attachment, note that:

On July 14:

Account payable was calculated as:

= $4400 - $300

= $4100

Merchandise Inventory = $4100 × 2%

= $4100 × 2/100

= $4100 × 0.02

= $82

Cash = $4100 - $82 = $4018.

Check attachment for further explanation.

7 0

3 years ago

Art is working on a research paper. On Monday, he checked out 19 books from the library. On Thursday, he returned 7 of the books

Oliga [24]

19-7 is 12 Adding 11 more would make it 23

3 0

3 years ago

Read 2 more answers

Which of the following statements is CORRECT? Sole proprietorships are subject to more regulations than corporations. In any typ

Rasek [7]

Answer:

Sole proprietorship and partnerships generally have a tax advantage over many corporations, especially large ones.

Explanation:

Corporation face fewer regulations than Sole proprietorship.

In any partnership every partner is liable for their share of rights, privileges, and liability exposure.

An S Corp and C Corp are not taxed the same.

3 0

3 years ago