Answer: $5,300
Explanation:
Private Saving refers to money that households did not consume nor pay as taxes so the formula is;
= Output - Consumption - Taxes
= 14,000 - 7,500 - 1,200
= $5,300
Public Saving refers to money that the government got as revenue but did not spend so the formula is;
= Taxes - Government Spending
= 1,200 - 1,200
= $0
Total Saving (Private + Public Saving)
= 5,300 + 0
= $5,300
Answer:
A. Dr. Office Supplies, $80; Dr. Merchandise inventory, $160; Dr. Miscellaneous expenses, $20; Dr. Cash over and short, $8; Cr. Petty cash, $268.
Explanation:
$80 for office supplies, $160 for merchandise inventory, and $20 for miscellaneous expenses are all expense accounts which need to be debited for settlement. Cash Shortage account is debited by $8 to record the cash shortage effect. The total of all these account will be credited in cash account.
Answer:
The price variance is unfavorable, while the efficiency variance is favorable
Explanation:
To determine the labor efficiency variance, we will use the following formula: Variance = (standard hours – actual hours) x standard rate = variance = (250 hours – 200 hours) x $10 per hour = 50 hours x $10 per hour = $500 favorable
To determine the labor price variance, we will use the following formula: variance = (standard rate - actual rate) x standard hours = ($10 per hour - $12 per hour) x 250 hours = -$2 per hour x 250 hours = -$500 unfavorable
Answer: 10.2%
Explanation:
The formula to solve this question will be: Re =D1/P0(1 - float) + g
where,
D1 = $2.00
P0 = $40
Float = 4% = 4/100 = 0.04
g = 5% = 5/100 = 0.05
We will then solve Myers' cost of new external equity by slotting the values into the formula written. This will now be:
Re =D1/P0(1 - float) + g
= 2/40(1 - 0.04) + 0.05
= 2/(40 × 0.96) + 0.05
= 2/38.4 + 0.05
= 0.052 + 0.05
= 0.1020
= 10.2%
Myers' cost of new external equity will be 10.2%
<span>The person who would be best suited to analyze budgets, create reports, explain information to others, and handle internal company procedures and finances is the </span><span>D Business Analyst. He or she is responsible for financial reports in order for the business to maintain its finances. </span>
