The real amount x standard price is deducted from the actual quantity bought in order to calculate the materials price variance.
The difference between the standard price and the real price multiplied by the actual amount is hence known as the material price variance. This formula is used to determine price variance: Vmp is equal to Actual Quantity Purchased * (Actual Unit Cost - Standard Unit Cost).
Purchase Price Variance (PPV) in procurement is the discrepancy between a material's standard price and its actual price. Purchase Price Variance is simply equal to (Actual Price - Standard Price) x Quantity Bought. Cost variance is the difference between a project's anticipated cost and its actual cost after taking into account any unforeseen costs or savings. Cost variance is calculated using the following formula: Actual cost less projected cost
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Businesses provide help to the communities they are in by helping to provide , services, and jobs.
Businesses provide help to the communities they are in by helping to provide goods , services, and jobs.
What is Business?Business can be defined as the process trading or buying and selling so as to make money or to make profit.
A communities that has different type of businesses situated their by people tends to enjoy some benefit as it can tend to lead to job creation for unemployed people living in the community and it as well provide goods and services for them.
Inconclusion Businesses provide help to the communities they are in by helping to provide goods , services, and jobs.
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if the equal employment opportunity commission decides not to sue for an alleged employer violation of title vii of the civil rights act, it notifies the plaintiff of his or her right to file an action and issues the plaintiff a .
Employers are forbidden by Title VII of the Civil Rights Act of 1964 from discriminating against current or prospective employees on the basis of their race, colour, religion, sex, or national origin.
Civil rights are protections against discrimination based on race, religion, or other personal traits and promise equal access to social opportunities and legal protection.
Civil rights include things like the right to vote, the right to a fair trial, the right to government assistance, the right to a free public education, and the freedom to utilise public spaces. Democracies cannot function without civil rights, hence it is a violation of those rights when people are denied the chance to participate in political society. Civil rights, in contrast to civil liberties, are freedoms that are protected by putting restrictions on the government, whereas civil liberties are protected by government action that is constructive, frequently in the form of legislation.
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Which of the following will be accomplished by efficient allocations of the factors of production?ensuring economic profitabilityunderstanding whether a product will failfulfilling many needs and wants of societyreplenishment of limited resources
When effective allocations are made toward the factors of production, many demands and wants of society will be satisfied.
Which of the following is relevant to the efficiency with which economic resources are distributed?
Economic efficiency refers to a situation in which all resources are properly managed to best serve each person or institution while reducing waste and inefficiency.
In a free market economy, such as supply and demand, affects commodity pricing in a free market economy, resulting in open competition in the marketplace. It makes it possible to use resources in the most effective way possible.
Therefore, In a free market system, resource waste is typically prevented.
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A type of account that pays zero or low interest on the money deposited is a
OA. certificate of deposit
OB. savings account
C. checking account
O D. money market account
SUBMIT
Answer:
C. checking account
Explanation:
regular checking account usually pays little or no interest on your balance.
Which of these will most likely have a positive effect on your lifestyle?
OA. A college degree.
B. Dropping out of high school.
OC. A skill-based education.
OD. Both A and C.
Answer:
A college degree
Explanation:
College life is very likely
why is business-to-consumer e-commerce convenient? a. shoppers can purchase online any time they want. b. bricks-and-mortar stores remain open longer. c. it's easier for customers to drive to the store's location. d. consumers can schedule a call to ship products.
Business-to-consumer e-commerce convenient is option (A), shoppers can purchase online any time they want.
Business-to-consumer or Direct to consumer is the business model of selling products directly to customers and thereby bypassing any third-party retailers, wholesalers, any other middlemen.
The benefit of business-to-consumer in the e-commerce models, choose from wide range of goods and services, enjoy simplicity and comfort, through B2C save money and time.
In the e-commerce convenient for buying goods or services without creating physical limitations. It requires just a few clicks from the comfort of your home to gain the merchandise.
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The MR curve of a perfectly competitive firm is horizontal. The MR curve of a monopoly firm is:
multiple choice
upward sloping.
downward sloping.
horizontal, too.
it depends.
The MR curve of a monopoly firm is downward sloping.
While a monopolist's marginal revenue curve slopes downward, that of a competitive firm is horizontal and straight. A completely competitive firm has a marginal revenue that is equal to its price. One way to represent this is as a horizontal straight line. Whereas, monopolists, have a marginal revenue curve that slopes downward.
The MR curve of a monopoly is downward-sloping as a monopolist is typically the only seller in the market. As the monopolist increases the quantity of goods sold, the price of the goods must be reduced to find buyers for the additional units. This means that the revenue earned from each additional unit sold is less than the revenue earned from the previous unit, resulting in a downward-sloping MR curve.
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what effect will a low economic growth have on the country
Answer:
it can lead to national poverty and economy crisis
a promissory note is best described as? select one: a. a pledge of property. b. an earnest money deposit. c. written evidence of debt. d. a form of unilateral contract.
a promissory note is best described as c. written evidence of debt. A promissory note is a binding legal instrument that acts as a record of a loan or debt. It provides a summary of the loan's terms and conditions, including the principle sum, interest rate, repayment schedule, and any other
pertinent clauses. The borrower promises in the promissory note to pay back the lender in accordance with the set terms. It is a crucial legal tool used in a variety of financial transactions, including mortgages, business loans, and personal loans.
A legally binding document that serves as a written commitment to pay back a loan or debt is known as a promissory note. It is a piece of financial documentation that spells out the loan's terms and conditions, including the principle sum, interest rate, repayment schedule, and any other pertinent clauses.
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A machine was purchased for $500,000 with a residual value of $50,000. The company estimates that the machine will last 5 years and produce 2,000,000 parts over its life. Calculate depreciation expense using the Straight-Line method for the 5-year life. (NOTE: Round your answers to the nearest dollar and enter it enter it WITHOUT decimals, commas or dollar signs [Example 75000].)
This means that the company will record $90,000 as depreciation expense on the machine in each year of its useful life until it reaches the residual value of $50,000.
The Straight-Line method of depreciation allocates the cost of an asset evenly over its useful life. To calculate the depreciation expense for the machine over its 5-year life, we need to first determine the depreciable cost of the asset. The depreciable cost of the asset is the original cost minus the residual value. In this case, the depreciable cost would be $500,000 - $50,000 = $450,000.
Next, we divide the depreciable cost by the number of years of useful life to calculate the annual depreciation expense. So, the annual depreciation expense for this machine would be $450,000 / 5 years = $90,000. Therefore, the depreciation expense using the Straight-Line method for the 5-year life would be $90,000 per year. This means that the company will record $90,000 as depreciation expense on the machine in each year of its useful life until it reaches the residual value of $50,000.
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______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???
Answer : Monopolistic competition
Answer:
Monopolistic Competition
Explanation:
In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.
Which employees typically work in an office environment within schools? Check all that apply.
School Psychologist
School Secretary
qInstructional Designer
Tutor
Librarian
Teacher
Answer:
B, E, F
Explanation:
what is the mathematical specification of the demand for money function in liquidity preference?
The mathematical specification of the demand for money function in liquidity preference is Md = L (Y, r).
The mathematical specification of the demand for money function in liquidity preference
The demand for money function in liquidity preference is a relationship between the demand for money and the interest rate. The demand for money function shows the amount of money people want to hold in terms of the interest rate. The mathematical expression of the demand for money function in liquidity preference is as follows:
Md = L (Y, r)
Where, Md represents the demand for money,
L represents the liquidity function
Y represents the level of income, and
r represents the interest rate.
The demand for money is inversely related to the interest rate. When the interest rate is high, the demand for money is low, and when the interest rate is low, the demand for money is high.
In conclusion, the mathematical specification of the demand for money function in liquidity preference is shown by the equation Md = L (Y, r)
where Md represents the demand for money, L represents the liquidity function, Y represents the level of income, and r represents the interest rate.
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the difference between a secured loan and unsecured loan is that the secured loan is
Answer:
Explanation:
A secured loan is a type of loan on which the borrower uses some assets for collateral . That means it is secured on the assets in the case of any default in terms by the borrower.
An unsecured loan on the other hand is a type of loan that is not secured on any assets . The risks related to this type of loan is higher as there is no security to cover or minimize the loss in the situation of a default in terms.
Looking at the definition given above , the difference between a secured and unsecured loan is that assets are promised by the borrower as security over a secured loan , hence the cost can be lower while in the unsecured loan , no asset is promised as security and the cost can be higher
Answer:
has a lower interest rate
Explanation:
Vijay, Vivek and Vinay are partners in a business sharing profits as 3/4, 1/8 and 1/8 respectively and their Balance Sheet as at 31st March, 2020 was: Liabilities Rs. Assets Rs. Capital A/c: Vijay- 5,00,000 Vivek- 3,00,000 Vinay- 2,50,000 General Reserve Loan by Vinay Creditors 10,50,000 50,000 50,000 2,50,000 Plant Debtors Stock Cash Bank 5,00,000 4,00,000 2,00,000 50,000 2,50,000 14,00,000 14,00,000 Vinay died on 31st December, 2020 and the Partnership Deed provided the following: (a) The deceased partner will be entitled to his share of profits up to the date of death, calculated on the basis of previous year’s profits. (b) He will be entitled to his share of goodwill of the firm, calculated on the basis of three years’ purchase of the average profits of the four years. The net profits for the last four years ended 31st March, 2017 – Rs. 8,00,000; 2018 – Rs. 6,00,000; 2019 – Rs. 4,00,000 and 2020-Rs 2,00,000. His drawing up to the date was Rs 18,000
Vinay's share of profits + Vinay's share of goodwill + Vinay's drawings = 62,500 + 1,87,500 + 18,000 = 2,68,000
How the answer was obtained To calculate Vinay's share of profits up to the date of death (31st December, 2020), we need to calculate the average profits for the last four years and multiply that by his profit-sharing ratio (1/8).Average profits = (8,00,000 + 6,00,000 + 4,00,000 + 2,00,000) / 4 = 5,00,000
Vinay's share of average profits = 5,00,000 * 1/8 = 62,500
To calculate the goodwill of the firm, we need to multiply the average profits by three years' purchase:Goodwill = 3 * 5,00,000 = 15,00,000
Vinay's share of goodwill = 15,00,000 * 1/8 = 1,87,500
So, the total amount that Vinay is entitled to is:
Vinay's share of profits + Vinay's share of goodwill + Vinay's drawings = 62,500 + 1,87,500 + 18,000 = 2,68,000.
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keys printing plans to issue a $1,000 par value, 20-year noncallable bond with a 7.00% annual coupon, paid semiannually. the company's marginal tax rate is 40.00%, but congress is considering a change in the corporate tax rate to 30.00%. assuming key's new bonds are issued at par, how much would the component cost of debt used to calculate the wacc change if the new tax rate was adopted?
The cost of debt to calculate the wacc change if the new tax rate was adopted that would decrease by 0.70%.
What does Tax rate mean?
The tax rate is the percentage of taxable income or property value that is owed to the government in taxes by an individual or corporation. Governments set tax rates, which vary depending on an individual's or corporation's income level and other factors.
What does Debt mean?
A "debt" is a sum of money borrowed from one party by another. A loan or credit is given when the borrower agrees to repay the lender in full. Debt can be used to finance a wide range of purchases, including a car, a home, or an education. Debt can also be used to fund investments like stocks and bonds.
The proper calculation is given below:
Cost of debt = Annual coupon * (Corporate tax rate - Marginal tax rate)
Cost of debt = 7% * (30% - 40%)
Cost of debt = 7% * 10
Cost of debt = 0.70%
The cost of debt would decrease by 0.70%. It would change from 7.00% to 6.30%.
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PLEASE HELPPPPP
In PBL students use...?
Question 1 options:
communication skills
design skills
research skills
all of the above
ANSWER:
all of the above
Two large areas of land are connected by a narrow strip of land called a(n):
O isthmus
O estuary
O archipelago
O inlet
Answer:
isthmus
Explanation:
Two large areas of land are connected by a narrow strip of land called an
isthmus.
who is johnny sins?
A - a doctor
B -dentist
C -firefighter
Answer:
A-doctor
Explanation:
The table below shows the measurements M1 and M2 taken by the same analyst. Draw a scatter plot of the data.
M1 0.243 0.352 0.357 0.469 0.444 0.555 0.552
M2 0.245 0.348 0.361 0.470 0.439 0.560 0.548
a.
C.
0.75
0.75
0.625
0.625
.
0.5
0.3
.
0.375
0.375
2
0.23
0.25
0.125
0.125
0.125
0.25
0.375
0.5
0.62
0.125
0.25
0.375
0.5
0.62
Answer:
Its C
Explanation:
Answer:
C
Explanation:
ifunny is dankreloaded
what is the impact of atm on banking sector?
Answer:
Explanation:
ATM s are of great use to the banks as the reduce the number of people storming the banks for withdrawal of money as well as deposit of money it reduces cost of operation and from customer point of view it is available easily near by hence travelling further distance to the bank is not required
ATMs are one of the most convenient services provided by the banks to customers. It is beneficial to banks as it is to its customers. It helps banks to save cost and time in withdrawing money and various other services which are now provided by ATM.
Automated teller machines, or ATMs as they are more commonly referred to, are a convenient way to conduct one-on-one transactions quickly and easily. One can do self-serviced transactions with these machines without a physical teller's aid or a trip to the bank branch. Cash withdrawals, cash deposits, and fund transfers are just a few of the many transactions possible with automated teller machines, or ATMs. Although the majority of customers only use ATMs to withdraw cash, these additional transactions make the service more effective.
With the advent of the ATM, users' financial lives became simpler because they could now perform simple transactions on their own with the aid of an ATM, which was much more practical than often visiting the bank. The ability for users to transact between banks is another significant advantage of an ATM. This means you can still use basic services like cash withdrawals from the ATM even if you don't have an account with the bank that runs the machine. Again, this saves you time and comes in handy in an emergency because you won't need to go to the ATM at your bank every time you need a quick infusion of cash. ATM helps banks operate more cheaply by lowering the number of human operations. The ATM provides service 24 hours a day which means customers can avail of money and other services at any time of the day.
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Sarah's dog had purebred puppies that she decided to sell on www.puppyfind.com. She ships them using an airline. If a puppy dies, to
whom is the carrier liable?
O It is liable to Sarah's enterprise, her sole proprietorship.
O It is liable to the third party, the buyer.
O It is liable to Sarah, the principal
O Both the first and second answers only.
If a puppy dies, then the airline carrier is liable. The transportation provider is in charge of providing accommodations for the animals while on a trip.
The airline carrier is liable for the puppy's death. Since the airline carrier did not maintain the proper temperature in the cargo space, which they were supposed to do, they are the ones who are responsible for the death of the puppy.
Sarah, as the seller, is not liable as she fulfilled her responsibility by selling a healthy puppy. The buyer is also not liable for the puppy's death as they were not responsible for the transportation of the puppy. Therefore, the airline carrier is the party responsible for the puppy's death.
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Probably the full options are:
The airline carrier is liable.The buyer is liable.Identity theft may
1. lower credit interest
2. reduce credit balances
3. affect the credit score
4. cancel debt-to-credit ratio
Identity theft may affect the credit score.
the long-run aggregate supply curve part 2 a. is vertical because changes in the price level have no effect on real output. b. is vertical because a change in real gdp has no effect on the price level. c. is downward sloping because a higher price level causes businesses and consumers to reduce spending. d. shows the various amounts of real output businesses are willing to consume at each price level.
The long-run aggregate supply curve is vertical because changes in the price level have no effect on real output. Option (a) is the correct answer.
In the long run, the economy operates at its potential output level, which is determined by factors such as the availability of resources, technology, and institutions. In this context, changes in the price level do not impact the overall level of production or real output.
The vertical nature of the long-run aggregate supply curve suggests that as the price level changes, the real output remains constant. This is because, in the long run, businesses and producers can adjust their production levels to match the economy's potential output. Any increase or decrease in the price level does not affect their ability to produce goods and services.
To summarize, the long-run aggregate supply curve is vertical because changes in the price level have no effect on real output. In the long run, businesses can adjust their production levels to match the economy's potential output, regardless of changes in prices.
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If james's marginal and average total costs are $8, and his firm is in a perfectly competitive industry, he will charge a price of $_____.
If james's marginal and average total costs are $8, and his firm is in a perfectly competitive industry, he will charge a price of $8.
In a perfectly competitive industry, firms are price takers and have no control over the price of their product. This means that the price of their product is determined by the market and is equal to the marginal cost of production. Since James’s marginal and average total cost are both $8, he will have to charge a price of $8 for his product.
Perfect competition is a market structure where everyone has perfect knowledge of the market and there are numerous buyers and sellers. This means that the demand for James’s product is perfectly elastic since there are numerous other firms offering the same product.
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A large bakery buys flour in 25 kg bags. The bakery uses an average of' 4,860 bags a year. Preparing an order and receiving a shipment of flour bags involves a cost of $10 per order. Annual holding cost is $5 per flour bag. a) Determine the economic order quantity.
b) What is the average number of bags on hand (i.e., in inventory)?
c) How many orders per year will there be?
d)Calculate the total annual cost of ordering and holding flour.
e)If ordering costs were to increase by 50 percent order, by what percentage would the EOQ change?
a) Economic Order Quantity(EQO):Economic Order Quantity can be calculated using the following formula. \(EOQ = \sqrt{\frac{2DS}{H}}\)Where D = Annual Demand in Units S = Ordering Cost per Order H = Annual Holding Cost per UnitThen EOQ will be: \(EOQ
= \sqrt{\frac{2*4,860*10}{5}}\)= \(\sqrt{19,440}\) = \(139.28\) (approx.)The economic order quantity is 139 bags.b) Average Number of Bags on Hand:To find out the average number of bags on hand, we can use the following formula: \(Average\ number\ of\ bags\ on\ hand = \frac{EOQ}{2}\)= \(\frac{139}{2}\) = \(69.5\) (approx.)The average number of bags on hand is 69.5 bags.c)
Number of Orders per Year:We can find the number of orders per year by using the following formula: \(Number\ of\ Orders\ per\ Year = \frac{D}{EOQ}\)= \(\frac{4,860}{139}\) = \(34.89\) (approx.)So, there will be 34 orders per year.d) Total Annual Cost of Ordering and Holding Flour:Total Annual Cost of Ordering and Holding Flour can be calculated using the following formula:
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At which point in the accounting cycle should an accountant prepare a trial
balance?
A. Just before preparing financial statements
OB. At any point he or she chooses
OC. At the end of the cycle only
D. At the beginning of the cycle only
At the end of the cycle only in the accounting cycle should an accountant prepare a trial balance. The correct option is C.
Why do accountants prepare a trial balance?A trial balance's purpose is to ensure that all entries made to an organization's general ledger are properly balanced. Each general ledger account's ending balance is listed in a trial balance. Each accounting entry's total dollar amount of debits and credits is supposed to match.
The trial balance is created after all transactions in the ledger accounts have been recorded. All ledger account balances to the credit and debit sides are recorded in the trial balance. It is typically prepared at the end of the fiscal year, prior to the preparation of final accounts.
Thus, the ideal selection is option C.
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potential costs of equipment breakdown do not include multiple choice loss of output. cost of idle workers. damage to other equipment. replacement of worn parts. injuries.
Potential costs of equipment breakdown do not include the replacement of worn parts.
A potential value is a price that may be incurred or changed if an action is taken: whether or now not the fee is paid relies upon a few motions.
The cost of administrative center strain can by no means be recovered. Prospective value. An easy definition of prospective price: charges that may be modified if an action is taken. An awesome example of a prospective fee: is a meditation within the workplace health program.
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Which career pathways involve high risk due to exposure to dangers?
Firefighters in the Emergency and Fire Management pathway, Correctional Officers in the Corrections pathway, and Detention Officers in the Law Enforcement pathway
Firefighters in the Emergency and Fire Management pathway, Detention Officers in the Corrections pathway, and Intelligence Analysts in the Security and Protective Services pathway
Intelligence Analysts in the Security and Protective Services pathway, Detention Officers in the Corrections pathway, and Police Officers in the Law Enforcement pathway
Firefighters in the Emergency and Fire Management pathway, Detention Officers in the Corrections pathway, and Police Officers in the Law Enforcement pathway
Answer:
Firefighters in the Emergency and Fire Management pathway, Correctional Officers in the Corrections pathway, and Detention Officers in the Law Enforcement pathway.
Explanation:
The career pathways that involve high risk due to exposure to dangers is :
A) Firefighters in the Emergency and Fire Management pathway, Correctional Officers in the Corrections pathway, and Detention Officers in the Law Enforcement pathway.
"Career Pathways"The career pathways that involve high risk due to exposure to dangers is:
Firefighters in the Emergency
Firefighters too give an critical part in teaching the open with respect to fire and security.
Instructing fire anticipation and teaching the open on how to reply in crisis circumstances can offer assistance spare lives.
Fire Management pathway
Candidates require a long time of work encounter in law requirement, fire security, or an crisis administration field.
Crisis administration executives ordinarily require a bachelor's degree
Correctional Officers in the Corrections pathway
Corrections officers may do a few or all of the taking after:
supervise prisoners' day by day schedule, which incorporates feast, work and amusement times. screen, evaluate and oversee the conduct and security of detainees watch jail buildings and grounds.
Detention Officers in the Law Enforcement pathway.
A detainment officer forms prisoners, keeps up imprison security, serves dinners, transports detainees, gets and forms detainees into care of educate, looks detainees, and takes charge of individual property and gives detainees with opportunity to call their lawyer or relative.
A Career Pathway traces the positions, compensation, and preparing required to development in an industry.
Thus, the correct answer is A.
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In what ways might household saving rates reflect both the economic culture and
history of a country? (Short answer please)
Answer: People tend to save when they feel the future economy is going to be harsh. People tend to save less when they expect the future economy to be strong.
Explanation: Academics and financial planners recommend people save when times are good so that they can spend when times are bad. However, people tend to do the opposite.