Answer:
Yes the inspector should be hired
Explanation:
Defective average = 0.03
inspection rate = 30 per hour
Cost of inspector = 8 per hour
Correction cost is $10 each
No inspection = 9/30
= 0.300
Inspector = 8/30
= 2.67
Yes the inspector should be hired
Before 2008, the investment bankers thought that buying home mortgages was a good and safe investment because it was a stable investment, which is less impacted by inflation.
The “subprime” mortgages were more riskier than “prime” mortgages because the lender were more likely to default the mortgage.
<h3>What was the event "
Crisis of Credit" about?</h3>
The Crisis of Credit, also known as the financial crisis of 2008 or Global Financial Crisis referred to a severe worldwide economic crisis that occurred in the early 21st century. It was considered the most serious financial crisis since the Great Depression (1929).
In 2008, the financial crisis began with cheap credit and lax lending standards that fueled a housing bubble. When bubble burst, all banks were left holding trillions of dollars as worthless investments in subprime mortgages and the Great Recession that followed cost many their jobs, their savings and their homes.
Read more about Crisis of Credit
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Answer:
The correct answer is C.
Explanation:
Giving the following information:
Selling price per unit $210.00
Variable expense per unit $92.40
Fixed Expense per month $130,536
To calculate the break-even point in units, we need to use the following formula:
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 130,536/ (210 - 92.4)
Break-even point in units= 1,110 units
Answer:
the bad debt expense that reported in the income statement is $2,300
Explanation:
The computation of the bad debt expense that reported in the income statement is as follows;
= Total estimated uncollectible accounts - unused balance
= $3,200 - $900
= $2,300
Hence, the bad debt expense that reported in the income statement is $2,300
