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guajiro [1.7K]
3 years ago
15

A. True

Business
1 answer:
ankoles [38]3 years ago
5 0
What is the original statement?

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Moyas corporation sells a single product for $20 per unit. last year, the company's sales revenue was $300,000 and its net opera
lianna [129]
Net operating income was $24000
Fixed expenses=$96000
Sales=$300000
cost per unit=$20
unit sales=$15000 units
CM=$120,000
CM per unit=$8
BE units=FC/CM per unit=96000/8=12,000 units
5 0
3 years ago
Read 2 more answers
When the Federal Reserve seeks to contract the money supply, it may Group of answer choices sell securities and raise the target
shutvik [7]

Answer:

Option "Sell securities but instead start raising the federal objective  Rate of funds" is the right response.

Explanation:

  • Across the whole of collective memory, the free-market community had already progressed thru all the boom-and-bust phases.
  • The Federal Reserve must have been designed to assist start reducing this year's injuries caused mostly during depressions but instead provided several other effective features to impact the money supply. Continue reading to learn how well the Fed is managing this same money supply.

Some other decisions are not comparable to the type of situation in question. So that is the correct choice.

8 0
3 years ago
Suppose a firm has 15 million shares of common stock outstanding and six candidates are up for election to five seats on the boa
jasenka [17]

Answer:

Consider the following calculations

Explanation:

a.) Under cumulative voting scenario,

Total number of votes available = Common Shares Outstanding × No of directors

                                            = 15 x 5 million

                                            = 75 million

As there are six candidates for the five board positions, the five candidates with highest number of votes will be elected to the board and the candidate with the least total votes will not be elected.

Minimum votes needed to ensure election =1/6 x 75 million + 1 vote to break any ties

                                                              = 12,500,001 votes

If one candidate receives 12,500,001 votes, the leftover is total 62,499,999 votes.

No matter how these votes are spread over the remaining 5 director candidates, it is impossible for each of the 5 to receive more than 12,500,001. This would require more than 5 × 12,500,001 votes, or more than the remaining 62,499,999 votes.

b.) Now, in case of straight voting,

Vote on board of directors occurs one director at a time.

=> Number of votes eligible for each director = Number of Shares Outstanding = 15,000,000

Minimum number of votes needed to ensure election is through simple majority i.e. = 15,000,000/2 + 1 = 7,500,001 votes

8 0
3 years ago
Steuben Company produces dog houses. During the current year, Steuben Company incurred the following costs: Rent on manufacturin
astra-53 [7]

Answer: $108,000

Explanation:

Given that,

Rent on manufacturing facility = $ 134,000

Office manager's salary = 84,000

Wages of factory machine operators = 64,000

Depreciation on manufacturing equipment = 34,000​

Insurance and taxes on selling and administrative offices = 24,000

Direct materials purchased and used = 94,000

Period costs are the costs which are incurred for activities not related to manufacturing.​

Therefore,

Period costs includes:

= Office manager's salary + Insurance and taxes on selling and administrative offices

= 84,000 + 24,000

= $108,000

5 0
3 years ago
The following information relates to​ Myer, Inc.: Advertising Costs $ 13 comma 600 Sales Salary 18 comma 800 Sales Revenue 640 c
kondaur [170]

Answer:

$89,900

Explanation:

The computation of the product cost is shown below:

= Manufacturing Equipment Depreciation + Indirect Materials Used + Indirect Labor + Factory Repair and Maintenance + Direct Materials Used + Direct Labor

= $1,800 + $8,800 + $15,000 + $800 + $27,500 + $36,000

= $89,900

It is a mix of direct labor cost, direct material cost and the manufacturing overhead cost

7 0
3 years ago
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