The inability of sole proprietors to provide fringe benefits to their employees can affect the service rendered to customers. Without fringe benefits, the employer will not be able to attract quality applicants for his business. He may have to settle for less qualified staff who may not be able to provide clients with excellent service.
Answer:
D. Earn short run economic profits
Explanation:
A cartel can be defined as a formal agreement reached (collusion) in an oligopolistic industry between two or more business firms that are saddled with the responsibility of producing goods and services in order to make price and output decisions such as price regulation, total level of output or supply, allocation of customers, market shares, territory allocation, division of profits, collusive bidding etc.
This ultimately implies that, when a group of independent firms in an oligopolistic industry collude by reaching a formal agreement to regulate supply, as well as manipulate or regulate prices, they do so to increase their profits and market dominance.
Hence, firms colluding earn short run economic profits.
Answer:
Direct material price variance
= (Standard price - Actual price) x Actual quantity purchased
= ($10 - $7) x 1,300 pounds
= $3,900(F)
Explanation:
Direct material price variance is the difference between standard price and actual price multiplied by actual quantity purchased.
Answer:
c. 252
Explanation:
Calculation of what the next year's CPI will equal
Using this formula
Next year's CPI=[Consumer price index (CPI) +(Consumer price index (CPI) *Inflation rate
Let plug in the formula
Next year's CPI=[240+(240*5%)]
Next year's CPI=240+12
Next year's CPI=252.
Therefore the next year's CPI will equal 252
Answer:
The check is written and signed by a payer
Explanation:
Checks are written by payers before any disbursement could be made, this must be strictly followed to enable smooth transaction and make such checks tenable in any bank.
