Answer:
Variable cost = $6,550
Explanation:
Variable cost is the cost incurred during the production process that changes with quantity of goods produced. For example labor, machine operating cost, and raw materials.
The other type of cost is variable cost that does not change with volume of production, but rather remains constant. For example rent, tax, and so on.
In the given instance the costs that are variable are cost of labor, cost of electricity to run printing presses, and cost of ink for paper.
Monthly mortgage and property tax are fixed cost that must be paid regardless of production volume.
variable cost = $5,500 + $800 + $250
Variable cost = $6,550
Answer:
$845,207.3
Explanation:
Calculation for what dollar amount would DeGraw actually receive after it exchanged yen for U.S. dollars
First step is to calculate the exchange rate of 1 yen for 140.0 yen per dollar and 154.4 yen
Exchange rate of 1 Yen = $1 /140
Exchange rate of 1 Yen= $0.007142858
Exchange rate of 1 Yen = $1 / 154.4
Exchange rate of 1 Yen= $0.006476684
Now since the price for the item bought was 130,500,000 Yen which means that the exchange rate for 1 Yen will be $0.006476684
Now let calculate the dollar amount
Dollar amount=(130,500,000 *$0.006476684) / 1
Dollar amount= $845,207.3
Therefore the dollar amount that DeGraw would actually receive after it exchanged yen for U.S. dollars is $845,207.3
Answer:
These statements are true:
A) The Federal Reserve does not set the Federal funds rate, but it influences it through the use of open market operations:
For example, at the very moment the Fed funds rate is 1.75%. If the Fed wanted to raise it to 2%, it would have to do so through the use of open market operations (in this case, because it wants to raise the rate, it would have to sell securities in order to reduce the money supply).
C) The Federal Reserve sets the target for the Federal funds rate, and then uses the reserve ratio to push banks toward that target.
Reserve requirements are perhaps the most powerful, and least often used, monetary policy tool that the Fed has at its disposal. It is very powerful because it directly increases or decreases the money supply.
For example, if the Fed wants to increase the fed funds rate, it can raise the reserve ratio so that banks keep more money in reserves, have less money to loan, and in consequence, create less money, causing the money supply to shrink and the fed funds rate to rise accordingly.
D) The Federal Reserve sets the Federal funds rate.
Correct. More specifically, the Federal Open Market Committee, which meets eight times a year to set the target for the fed funds rate.
Answer: Negligence of duties
Explanation:
As a board member it's one of his primary duty to keep abreast of the firm performance. Not been aware for a year on the excuse of not been informed and not seeking to find out personally shows a negligence of duties.
B is the correct answer.
An unfavourable fixed overhead volume variance can be due to all of the following except an increase in utility costs.
<h3>
What is utility costs?</h3>
Utilities costs are the price associated with using services including electricity, water, waste removal, heating, and sewage. Throughout the reporting period, expenses are incurred, calculated, and accrued for, or payments are made. The term "Utility Costs" refers to all fees, surcharges, and other expenses related to providing any utilities that are necessary for the Premises, the Premises, or the Improvements, including, but not limited to, heating, ventilation, and air conditioning costs, costs associated with providing gas, electricity, and other fuels or power sources to the Premises, and costs associated with providing water and sewage services to the Premises.
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