In 2011,Double-Time Motor Company Sold 60,000 Exhaust System Enhancement Brackets

question 80

Multiple Choice

In 2011,Double-Time Motor Company sold 60,000 exhaust system enhancement brackets at $43.25 per bracket.In 2012,when an equal amount is ordered,the cost of the same bracket has increased to $118.60 because there is limited supply on the market.
Required
Compute the revenue effect of price recovery in the brackets in 2011 and 2012.Indicate whether the variance is favorable,F,or unfavorable,U.

• A)$1,220,452 U
• B)$4,521,000 F
• C)$3,220,000 F
• D)$4,521,000 U
• E)$3,220,000 U

Comprehend the importance of heredity and environment in shaping intelligence, including the concept of the nature-nurture controversy.

Understand core sociological theories and their characteristics.

Identify the social factors that influence human behavior and societal structures.

Recognize the role of gender, power, and inequality in society through various theoretical lenses.

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Definitions:

Standard Of Living

refers to the level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.

Spendthrifts

Individuals who spend money in an extravagant and uncontrolled manner.

Tightwads

Individuals who are excessively frugal, often to the point of foregoing necessary or beneficial expenditures out of an aversion to spending money.

Consumer Confidence

A measure of how optimistic or pessimistic consumers are about the overall state of the economy and their personal financial situation.