Answer:
A. The company paid a higher cost for the direct materials than allowed by the standards.
Explanation:
The following is a logical explanation for this variance:
Since, the standard quantity of raw materials to be used is 22 pounds x 500 units = 11000 pounds. The actual usage is 9500 pounds ony. Hence, variance in direct material price variance can be only due to higher cost of direct material purchased.
Answer:
X1 EPS = $ 3.44 per share
X2 EPS = $ 3.88 per share
Explanation:
X1: Earning per share
$1,070,000 / 311,000 shares outstanding = $3.44 per share
X2: net income calcualtions
1,070,000 x ( 1 + 24%) = 1,326,800
X2 shares outstanding:
beginning 311,000 + issued 31,000 = 342,000
EPS: 1,326,800 / 342,000 = 3,8795 = 3.88
Answer:
The answer to your question is B - Changes of economic structure.
Explanation:
1. If butter complements margarine for instance, and there occurs a sudden increase in the price of butter leading to lower demand, this would affect the demand for margarine negatively leading to a fall in the demand for margarine.
2. If this goods are substitutes the demand for butter will increase when the price of margarine rises.
This is because it is only natural for people to switch to the next best alternative (substitute) that fills the same purpose or needs.
3. Remember Ice cream and ice cream cones complementary goods; meaning the demand for one increases the demand for the other and vice versa.
4. If the price of ice cream increases, demand would also decrease for ice cream as consumers are usually sensitive to price.
This decrease in the demand for ice cream would also affect ice cream cones since they complement each other, leading to a decrease in the demand for ice cream cones.
Answer:
The correct answer is letter "E": competitive intelligence.
Explanation:
Competitive intelligence refers to gathering and analyzing corporate information that could affect a firm's competitive advantage. Thanks to the information gathered companies can mirror other institution's good practices to increase efficiency and effectiveness, thus, revenue.
