Answer:
$ 97,900
Explanation:
ASSETS = LIABILITIES + OWNERS CAPITAL ( Equity)
Answer:
B) Retaining
Explanation:
Retaining risk refers to the risk in which the company could able to take the decision with respect to the responsibility for some particular risk
Here in the given situation it represents that the risk is associated with one of the key members so this presents the responsibility that should be considered while retaining a risk
Hence, the correct option is B.
Answer:
The Cost of Goods Manufactured for the year is $341,000
Explanation:
The computation the cost of goods manufactured is shown below:
= Beginning balance of work in process inventory + total manufacturing costs - ending balance of work in progress inventory
= $21,000 + $339,000 - $19,000
= $341,000
where,
Total manufacturing costs = direct materials cost + direct labor cost + manufacturing overhead cost
= $59,000 + $128,000 + $152,000
= $339,000
Answer:
$6.2 per uni
Explanation:
The selling price is $7.
break-even sales in dollars is $28,000,
Variable expense per unit will be?
using the contribution margin method:
break-even point = fixed cost/ contribution margin per unit
In this case.
$28,000 = 22,400/contribution margin per unit
contribution margin per unit = 22400/28000
contribution margin per unit = $0.8
contribution margin = sales price -variable expenses
therefore,
$0.8= 7- variable expenses
variable expense = $7- $0.8
variable expense is $6.2 per unit
Answer:
C. A bank is deciding whether to borrow money from the
government
Explanation:
The discount rate is the interest rate at which the Federal Reserve charges commercial banks and other financial institutions for loans it advances to them. Through the Federal Reserve, the government issues credit facilities to banks to cater to immediate cash flow requirements. For example, if a bank can not meet the reserve requirement for the day, it can borrow from banks with excess requirements. If it can't find another bank to borrow from, it approaches the Fed.
The interest rate that the Fed charge is the discount rate. It is usually higher than the inter-bank rates. If the discount rate is reduced, commercial banks may consider borrowing from the government through the Fed.