Answer:
Net Income for the year 234.500
Explanation:
Income Cash collected 375.000
Income Customer Owed 67.000
Total Income 442.000
Expenses Employees 127.000
Utilities 57.000
Rent 23.500 The effect on results of for 1 year was paid for 2 years in advance.
Total Expenses 207.500
Net Income 234.500
Answer:
c. $30 per unit
Explanation:
The computation of the minimum price per unit below which the company should not accept the special order is given below:
Direct materials $26
Direct labor $3
Variable manufacturing overhead $1
minimum price per unit $30
Therefore the option c is correct
Individually or collectively is referred to as balancing.
Balancing:
- Bringing two items into agreement; "the checkbook and bank statement reconciliation" reconciliation. Making anything equal or uniform is known as equalization, equalization, or leveling.
- stable, be steady. position, level, and poise. He counterbalanced his controversial statements with more conventional ones, using words like balance, cancel, offset, even out, even up, counteract, counterpoise, countervail, equalize, neutralize, negate, compensate for, and make up for.
- Machines require balance to function properly. Machine balancing aids spinning bodies in preventing vibrations, which can cause failure. Heavy machinery and generators are prone to failure, therefore balancing tasks can assist keep equipment from malfunctioning.
- Just walking across the room or down the block requires good balance. As well as carrying things, getting up from a chair, walking up and down stairs, and even turning to look behind you. And good balance helps avoid falls that could be incapacitating.
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Answer:
Keep $1000
Loan $9000
Explanation:
Reserve ratio is the requirement of the central bank that commercial banks must hold unto a certain portion of deposits at all time rather than investing or lending out in order to meet any large and unexpected demand for withdrawal. It is used to control the money supply in the society and influence interest rate.
If the reserve ratio is 10% . This means that 10% of the deposit must be kept as reserve in the bank and the maximum amount available to be given out is 90%
Workings
10% of 10000 = 1000
90% of 10,000 = 9000
Answer and Explanation:
An increase in the number of firms increases the demand elasticity. As the demand elasticity increases from 2 to 3 it means you could encounter less demand if product prices are increased. At a demand elasticity of -3, it is regarded as inelastic demand and a change in price will not affect the demand for the product as customers are still likely to patronize the product example gasoline. Due to its high demand, an increase in price will not readily affect the demand for it. Therefore if you are to change the price from $10 at 2 to 3 demand elasticity increase, the percentage of increase from 2 to 3 is given as.
3-2/2 X 100 = 50%
The new charge (x) at -3 demand elasticity = 50%/3 = 0.66666666
The increase in the new charge is therefore $10 + $10x = $10 + $10(0.166666) = $11.67
