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kupik [55]
3 years ago
12

Suppose that a small country currently has $4 million of currency in circulation, $6 million of checkable deposits, $200 million

of savings deposits, $40 million of small-denominated time deposits, and $30 million of money market mutual fund deposits.

Business
1 answer:
Luda [366]3 years ago
7 0

Answer:

Please see attachment

Explanation:

Please see attachment

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a company has sales of $119,000; cost of goods sold of $74,870; and total direct expenses of $8,620. the department’ contributio
arsen [322]

The department’ contribution to overhead is $35510.

<h3>How to calculate the department contribution to overhead?</h3>

Given, sales= $119,000;

cost of goods sold= $74,870;

total direct expenses= $8,620.

Gross profit = Sales - (COGS + Direct expenses)

Gross profit = $119,000 - ($74870 + $8620)

Gross profit = $35,510.

<h3>What are direct expenses?</h3>

Direct costs, commonly referred to as costs of goods sold (COGS), are expenses that are entirely attributable to the creation of a particular commodity or service. These expenses cover the direct costs of the materials required to make the product as well as maybe any labor charges that are utilized only to make the product.

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6 0
1 year ago
Please provide at least 3 similarities and 3 differences between insurance companies and depository institutions both in terms o
Galina-37 [17]

Answer:

Explanation:

I will be starting with the similarities first. 3 of the similarities both of them share are

1) They both have a financial leverage that is quite high

2) they both can be subjected to national oversight as regards to their balance sheet quality.

3) they both are institutions that accepts funds and also gives out funds to finance commercial firms

Moving on to the differences, differences that exists between both includes

1) Insurance companies can are invest in stock markets but depository institutions do not have that leverage.

2) Insurance companies do not have fixed composition of liabilities, while depository institutions have.

3)

3 0
3 years ago
6. Microsoft Word's spell checker
Helen [10]
B makes more sense it should be it
5 0
3 years ago
Sawyer Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead
kupik [55]

Answer:

Underapplied Manufacturing Overhead $23,000

Explanation:

Sawyer Manufacturing Corporation

Predetermined overhead rate = Estimated total manufacturing overhead cost ÷ Estimated total amount of the allocation base

= $300,000 ÷ 52,000 direct labor hours

= 5.7 Approximately $6 per direct labor-hour

Overhead over or underapplied Actual MOH

= 365,000

Applied MOH = $6 x 57000 = $342,000

Underapplied Manufacturing Overhead = 365,000-342,000 = 23,000

Therefore The Corporation's applied manufacturing overhead cost for the year was $23,000

8 0
3 years ago
Suppose there is a simultaneous increase in demand and decrease in supply, what effect will this have on the equilibrium price?
Sunny_sXe [5.5K]

Although the impact on the equilibrium quantity cannot be determined, a rise in demand and a decrease in supply will result in an increase in the equilibrium price. 1. Consumers now place a higher value on goods, and producers must charge a higher price to offer the goods; as a result, prices will rise for all quantities.

If demand increases at the same time as supply increases, as is the case in the scenario depicted, the new equilibrium price will be greater than the initial equilibrium price.

We therefore know that an increase in supply decreases equilibrium price and increases quantity, while a rise in supply increases equilibrium price and decreases quantity (and vice versa) (and vice versa).

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5 0
2 years ago
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