Answer:
a) equilibrium price to rise, fall, or stay the same and equilibrium quantity to rise.
Explanation:
Substitute goods are goods that can be used in place of each other.
If the price of rice rises, consumers shift to the consumption of potatoes. Price and quantity demanded of potatoes increases
The bumper harvest increases supply of potatoes. Price falls and quantity increases.
The effect on equilibrium quantity of potatoes would be indeterminate but equilibrium quantity would rise.
I hope my answer helps you
Answer:
(A) Long- term debt
Explanation:
Financing via issue of long term bonds represents long term debt financing.
Bonds refer to those securities issued by an issuer (or lender) to a borrower, bearing a fixed rate of interest payable on timely basis as well as repayment of principal at the end of the term.
Long term financing is generally for a period which is greater than one year. Usually long term financing is resorted to by a corporation when capital outlay of funds required, or investment in long term projects such as building, purchase of machinery etc which involve sizable funds.
Bonds carry interest obligation in the sense borrower has to pay interest on timely basis.
Answer:
$1,800 Unfavorable
Explanation:
Data given
Actual hours = 590
Standard hours = 500
Standard rate per hour = $20.00
The computation of labor efficiency (quantity) variance is shown below:-
Labor efficiency variance = (Actual hours - Standard hours) × Standard rate per hour
= (590 - 500) × $20.00
= 90 × $20.00
= $1,800 Unfavorable
Therefore for computing the Labor efficiency variance we simply applied the above formula.
Answer: A) Remainderman
Explanation:
A Remainderman may sound like something from a horror movie but it is a property law term that refers to a person that is billed to take over or inherit an estate after the LIFE ESTATE of the previous owner is terminated.
Life Estate is an agreement where a person owns a property or asset for the duration of their life but as soon as they pass on, the asset or property reverts back to the original owner of a THIRD party.
The Remainderman is the person who the property reverts to.
In the above scenario therefore, the woman is in possession of a Life Estate but the Stepson is the Remainderman.
