Resources is referred to as the available asset that can be used for
further purposes may it be for business or consumption. This is what
determines the balance between the production and consumption for
without these, production would not be possible and if nothing is
produced, nothing would also be consumed. Resources come in different
forms and each has its own availability. Answer for this would be C.
If the reserve ratio is 20% then the amount that a bank would keep in reserves after accepting the demand deposits is $2,000.
<h3>How much would the bank keep?</h3><h3 />
The reserve ratio refers to the percentage of deposits that banks have to keep as reserves in the Fed.
If this rate is 20%, the bank would therefore have to keep:
= 10,000 x 20%
= $2,000
In conclusion, the bank would keep $2,000.
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Answer:
B) $ 4.25
Explanation:
From the data provided in the question, we need to classify the items into manufacturing costs.
Salary of production supervisor $ 40,000
Indirect materials $ 8,000
Rent on factory equipment <u>$ 20,000</u>
Total manufacturing costs <u>$ 68,000</u>
Estimated Machine Hours 16,000
Manufacturing Overhead - $ 68,000/ 16,000 hours $ 4.25 per machine hours
The other items provided in the question, sales commission and advertising expenses are selling expenses and are not manufacturing costs.
Answer: Formulate criteria; so that the group members know the group goal and when it has developed a good solution
Explanation:
Standard agenda came about through John Dewey and he refered to it as the process whereby through reflective thinking, individuals find solutions to issues.
Based on the information given in the question, using the standard agenda approach, the task that they should primarily focus on is to formulate criteria to enable group members know the group goal and when it has developed a good solution.
Answer:
-$1,500
Explanation:
Calculation for the economic profit earn
Using this formula
Economic profit =Investment amount ×(Return on investment-Current interest rate)
Let plug in the formula
Economic profit =$50,000×(0.05 - 0.08)
Economic profit =$50,000×(-0.03)
Economic profit = -$1,500
Therefore you earn an economic profit of -$1,500
