Answer:
$585,000
Explanation:
Using high-low method
Variable cost = Total cost (high activity) - Total cost (low activity) / Highest activity unit - Lowest activity unit
Variable cost = 720,000 - 450,000 / 100
Variable cost = 270,000 / 100
Variable cost = 270
Variable cost = Cost - Fixed cost
Now 720,000 = (200) * 2,700 - Fixed cost
- FIxed cost = 540,000 - 720,000
- Fixed cost = -180,000
Fixed cost = 180,000
Now Cost for 150 = 2,700 (150) + 180,000
= 405,000 + 180,000
= $585,000
Answer: Fractional reserve banking
Explanation:
Fractional-reserve banking is a common form of banking that is practised by commercial banks worldwide. It involves banks in every part of the world. Fractional reserve banking is the acceptance of deposits from customers and then making loans to borrowers, while the reserve a fraction of the deposit liabilities of the bank is held.
From the question, Maria makes a deposit of $10,000 into the savings account she uses at Smalltown Bank and the bank holds 20% of the deposit she made and later lends the remaining $8,000 to another customer is an example of fractional reserve banking.
Answer:
Ethics
Explanation:
Ethics code defines that is accepted by a company for better understanding that what is right or wrong so that they can follow the understand of their resolution.
Corporate social responsibility states that the business can be done in the favor of society so that the society can be in trouble to select their products. On the other hand the organization take care that the child labor should not be done.
According to the given situation the correct answer is ethics as they give the ethics training with taking care of rules and regulation.
Answer:
The relationship between ethics and profits is a rather tenuous one, whether one defines corporate ethics narrowly in terms of obeying the law, or more broadly in terms of management's acceptance of responsibility for the welfare of the company's stockholders.
Explanation:
Answer:
Flint Corporation current assets section of Balance Sheet
Particulars Amount
Cash ($23,500 + 21,100) 43,600
Less: Restricted for plant expansion <u> 23,500</u> <u>21,100</u>
Trading Securities 9,700
Accounts receivable 73,300
Less: Allowance for bad debts <u>3,700</u> 69,600
Interest receivables (19,600*7%*9/12) 1,029
Inventories
Finished goods 33,300
Work in Progress 13,000
Raw materials <u>59,600</u>
Total Current Assets <u>186,229</u>
