Answer:
The amount of net income is $25,600
Explanation:
In the income statement, the total revenues and the total expenses are recorded.
If the total revenues are more than the total expenditure then the company earns net income
And, If the total revenues are less than the total expenditure then the company have a net loss
The computation of the net income is shown below:
= Rent earned - Salaries expense - Insurance expense - Office supplies expense - Bike repair expense - Depreciation expense—Bikes
= $120,000 - $46,300 - $7,400 - $16,000 - $4,200 - $20,500
= $25,600
Answer:
The correct answer is letter "D": cost advantage strategy.
Explanation:
Cost advantage strategy is a technique implemented by companies to provide equal benefits to consumers at a lower price than competitors. Firms achieve this practice by maximizing the utilization of technology, processes, and resources. If a company implements and sustains operations with a cost advantage strategy it is said it has obtained a comparative advantage.
Answer:
<u>B, D</u>
Explanation:
1. Alex may be favoured in court if it was proven that Alex had signed the covenant not to compete in by force or else he would have been immediately fired from MyWaze. Then he may likely gain victory.
2. The second scenario, if Alex was involved in job at Google that wasn't going to compete with MyWaze; that is rather than going to work on creating a GPS Application for Google, Alex was hired to be a programmer for Google’s e-mail system. Since the email system does not have any competition with a GPS app he may be favoured.
Answer : The p-value of 0.0743 is greater than alpha at 0.05; so we fail to reject the null hypothesis and conclude that there is no significant difference in the number of unique users before and after a change in policy.
In this question, the manager wants to know if the number of users has changed.
So, the null and alternate hypotheses are:
Null Hypothesis: 
Alternate Hypothesis : 
Type of test : Two-tailed test
The level of significance is 95%
We can calculate alpha (α) as follows:
The p value = 0.0743.
We use the following rules to arrive at a conclusion when p-values and alpha is given:
If 
, reject the null hypothesis
If 
, we don't reject the null hypothesis.
Since the p-value is greater than alpha, we don't reject the null hypothesis.
Answer:
1,370.85 Unfavorable
Explanation:
Standard rate
:
= Budgeted variable overhead costs ÷ Budgeted direct labor hours
= $13500 ÷ 640
Direct labor hours = $21.09 per direct labor hour
Standard time to produce goods
:
= Budgeted direct labor hours ÷ Production volume
= 640 ÷ 6,400
= 0.10 hours
VOH Efficiency Variance
= ( SH − AH ) × SR
where,
SH are standard direct labor hours allowed
AH are the actual direct labor hours
SR is the standard variable overhead rate
(SH − AH ) × SR
= [(4,200 × 0.10) - 485] × $21.09
= (420 - 485) × $21.09
= 1,370.85 Unfavorable
