Answer:
206,000
Explanation:
Sales = 590000
- CGS = 302000
Gross profit = 288,000
Less Operating Expenses:
Sellings and Admin expenses = 67000
Freight in = 15000
Total Operating expenses = 82000
Operating Income = 206,000
CGS = Beginning inventory + Purchases - Ending Inventory
CGS = 43,000 +302,000 - 43,000 = 302,000
<span>The Government uses the budget system to determine the allocation of resources among its major functions such as ensuring the national defense, promoting commerce, and providing health care as well as to determine the objectives and scope of individual programs, projects, and activities. I guess that is what youre asking for?</span>
Answer:
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Answer: "In such markets, sellers of goods can influence the prevailing market price, giving them the role of price in the market." is wrong ,
The correct statement is "In such markets, sellers of goods CAN'T influence the prevailing market price, giving them the role of price TAKERS in the market".
"The market for tomatoes does not exhibit the two primary characteristics that define perfectly competitive markets." is FALSE because the market of tomatoes does exhibit the two characteristics:
- Identical products.
- Large number of buyers and sellers
Answer:
C) 92 percent of its deposits.
Explanation:
Since, the reserve ratio represents the portion of deposit that a commercial bank must hold onto, rather than lend out or invest.
i.e. if reserve ratio = a%,
Then the percentage of amount that bank can land out = (100-a)%,
Here,
Reserve ratio = 0.08 = 8%,
Thus, the percentage of amount that bank can land out = (100-8)% = 92%.
i.e. bank can land 92 percent of its deposits.
