I believe the answer you are looking for is concentration because reading a dull book would make you want to do other things rather than sitting there having to read something boring.
Answer:
1.5%
Explanation:
Reserves is the total amount of a bank's deposit that is not given out as loans
Required reserves is the percentage of deposits required of banks to keep as reserves by the central bank
Excess reserves is the difference between reserves and required reserves
Total increase in reserve = $15,000,000 + $1,800,000= $16,800,000
New excess reserve = total increase in reserve x initial reserve requirement) / initial excess reserve
($16,800,000 x 12.5%) / $15,000,000 = 14%
Increase in reserve requirement = 14% - 12.5% = 1.5%
I’m not sure how to help you.
Answer:
$154,700
Explanation:
Given that:
- Indirect Materials: 34,000
- Direct Materials: 292,000
- Factory Utilities: 1,000
- Property Taxes: 5,900
- Sales Commissions: 85,000
- Indirect Labor : 22,000
- Direct Labor: 150,000
- Depreciation on Factory Equipment: 6,800
As we know that total manufacturing overhead are costs incurred to create the product or service that is not related to direct material or direct labor.
So our total manufacturing overhead in this question is:
Factory Utilities +Indirect Materials Used + Property Taxes on Factory Building + Sales Commissions + Indirect Labor Incurred + Depreciation on Factory Equipment
= 1,000 + 34,000 +5,900 + 85,000 + 22,000 + 6,800
= 154,700
The correct answer was
D) producers would discover that the price should be lowered.
