Answer:
Compared to a barter economy, using money increases efficiency by reducing: transaction costs. Barter is the: direct exchange of goods and services.
Answer:
a. $50,000
b. 2.25 times
c. 0.75 times
Explanation:
a. The formula to compute the working capital is shown below:
Working capital = Current assets - current liabilities
where,
Current assets = Cash + accounts receivable + merchandise inventory
= $16,000 + $44,000 + $60,000
= $90,000
And, the current liabilities would be
= Wages payable + accounts payable
= $10,000 + $30,000
= $40,000
Now put these values to the above formula
So, the value would be equal to
= $90,000 - $40,000
= $50,000
b. Current ratio = Total Current assets ÷ total current liabilities
= $90,000 ÷ $40,000
= 2.25 times
c. Acid-test ratio = Total Current assets - merchandise inventory ÷ total current liabilities
= $90,000 - $60,000 ÷ $40,000
= 0.75 times
Answer:
- total product costs incurred to make 27,500 units = $25.10 x 27,500 = $690,250
- total period costs incurred to make 27,500 units = $15.10 x 27,500 = $415,250
- total product costs incurred to make 31,000 units = $25.10 x 31,000 = $778,100
- total period costs incurred to make 24,000 units = $15.10 x 24,000 = $362,400
Explanation:
Average Cost per Unit
- Direct materials $8.90
- Direct labor $5.90
- Variable manufacturing overhead $3.40
- Fixed manufacturing overhead $6.90
- Fixed selling expense $5.40
- Fixed administrative expense $4.40
- Sales commissions $2.90
- Variable administrative expense $2.40
Product costs include direct labor, direct materials, production supplies, and factory overhead. Product costs per unit = $8.90 + $5.90 + $3.40 + $6.90 = $25.10
Period costs include selling and administrative expenses. Period costs per unit = $5.40 + $4.40 + $2.90 + $2.40 = $15.10
Answer:
B)a deficit of $1.5 trillion
Explanation:
The computation of the government budget balance is shown below:
= Taxes - government spending
= $0.5 trillion - $2 trillion
= $1.5 trillion deficit
For computing the government budget balance, we deduct the government spending from the taxes so that the correct amount can come
All other information which is given is not relevant. Hence, ignored it
Investors receive compounding returns when they reinvest their earnings into the original investment. A compounding return is a rate of return that shows the gains and losses on the originial investment. This type of return is shown in a percentage and it gives a way for investors to understand how their investments are doing.