Answer:
the size of M1 can only be a fraction of checkable deposits.
Explanation:
fractional reserve banking system requires that a fraction banks receive as deposits from customers be kept as reserves with the central bank and the rest be made out as loans.
M1 consists of coins, demand deposits and currency in circulation. Banks determine the money in circulation by giving out loans. so the size of M1 can only be a fraction of checkable deposits.
The order of operations is necessary for simplifying numerical expressions because it ensures that the expression is simplified correctly through a series of steps proven to be efficient in simplification.
Answer: $4.38
Explanation:
Conversion costs are based on completed units so those units that are yet to be completed will be converted into equivalent units.
Units produced = Units completed and transferred out + equivalent WIP
= 169,000 + (26,000 * 79%)
= 169,000 + 20,540
= 189,540 units
Total Conversion costs = beginning conversion costs + conversion costs added during period
= 103,000 + 726,925
= $829,925
Conversion cost per equivalent share
= 829,925/189,540
= 4.3786
= $4.38
Answer:
In economics, the marginal cost of production is the change in total production cost that comes from making or producing one additional unit. To calculate marginal cost, divide the change in production costs by the change in quantity.
Answer:
fixed position layout
Explanation:
According to my research on different manufacturing techniques, I can say that based on the information provided within the question the best type of layout for this scenario would be a fixed position layout. This is a layout in which all the personnel, supplies, and equipment are transported to the location of where the product will be created or assembled. This is done in many situations where the product is too big and will cause more trouble by transporting it to it's destination intact, as is the case in this scenario.
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