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Match the terms in column B with a statement in column A A B
1. In equation 7x + 2y − 4 = 45,4 is the a. Base
2. The number in front of a variable b. Product
3. When 2 numbers are multiplied the answer is the c. Coefficient
4. In equation 53 = 125,5 is the d. Constant
[1] 1-d 2-b 3-a 4-c
[2] 1-d 2-c 3-b 4-a
[3] 1-a 2-c 3-b 4-d
[4] 1-c 2-b 3-d 4-a
Use the equations below to answer the following questions
P=60-1/3Qd
2p=40+2/5Qs
Calculate the equilibrium price and quantity
If the is set at p=40,state whether it is a price ceiling or price floor and calculate the size of imbalance
Calculate the price elasticity of demand and supply
What is returns to scale
1 Oct1, 2020 Business owner Samuel Smith input $5000 cash and $3000 office equipment into the business 2 Oct5, 2020 Business paid 6 month insurance for $3,000, paid in cash 3 Oct7, 2020 Business received the customer money $6,300 for the services to be perform in the near future 4 Oct10, 2020 Business bought $2,100 office supplies on credit 5 Oct13, 2020 Business bill the customer $3,000 for the services completed 6 Oct15, 2020 Business found the defective office supplies $300 from the Oct10 purchase, returned them back to supplier 7 Oct16, 2020 Business provided the services for Transaction#3 8 Oct20, 2020 Business paid the owing amount from Transaction#4 9 Oct25, 2020 Business received $1000 from the Oct13, 2020 service provided. 10 Oct29, 2020 Business paid employee $3,500 salary. 11 Oct30, 2020 Business received Oct, 2020 telephone bill $320, it will be paid in November 12 Oct31, 2020 Business owner withdrew $1200 cash from the business bank account.
Inflation is unexpectedly higher than anyone anticipated. In this scenario would you rather
be a lender or a borrower?
Zimmerland has following data is known
Nominal interest rates in 2015 = 2.5 %
CP|2015 = 165
CP|2014 = 150
What is the real interest rate in 2015?
Supposed the disposable income ranges from 1,110,000 to 1,290,000 and it increases by 30,000 per year. Mpc = .80
When disposable income is 1,000,000 what is the level of consumption is equal to?
Question 2
The budgeted and standard data for productivity include the following
Direct labour
Ten employees work for 45 hour a week. The standard rate of pay is ksh 4 per hour. Output per hour is 40 kg of the product.
Direct material
Material quantity kg price per kg
X 60 2.00
Y 40 1.00
Z 100 1.40
From this standard matrix 180 kg of product is expected
Actual data for first week in April were as follows
Hours worked 45
Rate of pay ksh 4 per hour
Overhead incurred ksh 5400
Output 1980 kg
Production and consumption of materials were as follows:
Material Quantity (kg)
X 700
Y 440
Z 1120
Required
(a) Calculate the following direct material variance for each material (10mks)
i. Total
ii. Price
iii. Usage
iv. mix
(b) Calculate the direct labor efficiency variance (10mks)
KEY insurance agency was organized on october 1,2020. assume that the accounts are closed and financial statements each month.the company occupies rented office space but owns office equipment estimated to have a useful life of 10 years from date of acquisition,october 1.the trial balance for key insurance agency at eecember 31 is shown below.
firms that issue cards?
