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Souhail Hamdy

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The table given below shows the disposable income and consumption of a household.In the table below,the level of saving at a disposable income of $1,200 is:
Table 9.1
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 Disposable  Income ($)  Consumption ($) 1,0008001,1008801,2009601,3001,0401,4001,120\begin{array}{cc}\text { Disposable }\\\text { Income }(\$) & \text { Consumption }(\$) \\\hline 1,000 & 800 \\1,100 & 880 \\1,200 & 960 \\1,300 & 1,040 \\1,400 & 1,120\end{array} Disposable  Income ($) 1,0001,1001,2001,3001,400​ Consumption ($) 8008809601,0401,120​​

A) $80
B) $240
C) $950
D) $1,200
E) $1,300

On Jul 16, 2024

B
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Which one of the following statements is correct concerning the standard deviation of a portfolio?

A) The greater the diversification of a portfolio, the greater the standard deviation of that portfolio.
B) The standard deviation of a portfolio can often be lowered by changing the weights of the securities in the portfolio.
C) Standard deviation is used to determine the amount of risk premium that should apply to a portfolio.
D) Standard deviation measures only the systematic risk of a portfolio.
E) The standard deviation of a portfolio is equal to a weighted average of the standard deviations of the individual securities held within the portfolio.

On Jul 13, 2024

B
SH

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Eagan Corporation manufactures one product. The company uses a standard cost system in which inventories are recorded at their standard costs. The standard cost card for the company's only product is as follows:
Eagan Corporation manufactures one product. The company uses a standard cost system in which inventories are recorded at their standard costs. The standard cost card for the company's only product is as follows: During the year, direct labor workers (who were paid in cash) worked 11,250 hours at an average cost of $19.70 per hour on 22,300 units. These units were started and completed during the year. Required:Completely record the direct labor costs, along with any direct labor variances, in the below worksheet. The beginning balances have been provided for each of the accounts, including the Property, Plant, and Equipment (net) account which is abbreviated as PP&E (net). During the year, direct labor workers (who were paid in cash) worked 11,250 hours at an average cost of $19.70 per hour on 22,300 units. These units were started and completed during the year.
Required:Completely record the direct labor costs, along with any direct labor variances, in the below worksheet. The beginning balances have been provided for each of the accounts, including the Property, Plant, and Equipment (net) account which is abbreviated as PP&E (net).
Eagan Corporation manufactures one product. The company uses a standard cost system in which inventories are recorded at their standard costs. The standard cost card for the company's only product is as follows: During the year, direct labor workers (who were paid in cash) worked 11,250 hours at an average cost of $19.70 per hour on 22,300 units. These units were started and completed during the year. Required:Completely record the direct labor costs, along with any direct labor variances, in the below worksheet. The beginning balances have been provided for each of the accounts, including the Property, Plant, and Equipment (net) account which is abbreviated as PP&E (net).

On Jun 16, 2024

Labor rate variance = Actual hours × (Actual rate − Standard rate)= 11,250 hours × ($19.70 per hour − $19.50 per hour)= 11,250 hours × ($0.20 per hour)= $2,250 UnfavorableLabor efficiency variance:Standard hours = Actual output × Standard quantity = 22,300 units × 0.50 hours per unit = 11,150 hoursLabor efficiency variance = (Actual hours − Standard hours) × Standard rate= (11,250 hours − 11,150 hours) × $19.50 per hour= (100 hours) × $19.50 per hour= $1,950 Unfavorable
Labor rate variance = Actual hours × (Actual rate − Standard rate)= 11,250 hours × ($19.70 per hour − $19.50 per hour)= 11,250 hours × ($0.20 per hour)= $2,250 UnfavorableLabor efficiency variance:Standard hours = Actual output × Standard quantity = 22,300 units × 0.50 hours per unit = 11,150 hoursLabor efficiency variance = (Actual hours − Standard hours) × Standard rate= (11,250 hours − 11,150 hours) × $19.50 per hour= (100 hours) × $19.50 per hour= $1,950 Unfavorable Cash decreases by the actual amount paid to direct laborers, which is Actual hours × Actual rate = 11,250 hours × $19.70 per hour = $221,625. Work in Process increases by the standard cost of the standard amount of hours allowed for the actual output, which is Standard hours × Standard rate = (22,300 units × 0.50 hours per unit) × $19.50 per hour = 11,150 hours × $19.50 per hour = $217,425. The difference consists of the Labor Rate Variance which is $2,250 Unfavorable and the Labor Efficiency Variance which is $1,950 Unfavorable. Cash decreases by the actual amount paid to direct laborers, which is Actual hours × Actual rate = 11,250 hours × $19.70 per hour = $221,625. Work in Process increases by the standard cost of the standard amount of hours allowed for the actual output, which is Standard hours × Standard rate = (22,300 units × 0.50 hours per unit) × $19.50 per hour = 11,150 hours × $19.50 per hour = $217,425. The difference consists of the Labor Rate Variance which is $2,250 Unfavorable and the Labor Efficiency Variance which is $1,950 Unfavorable.
SH

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Scenario and sensitivity analysis are helpful in determining which variables are most important to the success of a project and determining their relative importance.

On Jun 12, 2024

True
SH

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FOB shipping point means the buyer pays all shipping costs.

On May 17, 2024

True
SH

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A basic manual accounting system includes all of the following except a

A) chart of accounts
B) two-column journal
C) general ledger
D) computer on which the system runs

On May 13, 2024

D