Answer:
5 hours
Explanation:
Data provided in the question
Per month tennis charges = $50
Court time per hour = $10
Current month bill = $100
By considering the above information we can find out the variable expense that is shown below:
= Current month bill - per month tennis charges
= $100 - $50
= $50
So, the number of court time hours usage is
= $50 ÷ $10
= 5 hours
The he type of economy where the government controls some production means, but not all of it is a mixed economy.
<h3>Types of economic systems:</h3>
Five distinct types of economic systems have been recognized, including:
- Traditional
- Command
- Centrally planned
- Free Market
- Mixed
<h3>Characteristics of a mixed economy</h3>
- Private property and self-interest are protected.
- Free market activities are allowed.
- Prices of goods and services are determined by the laws of supply and demand.
- Government still intervenes in the means of production.
Thus, the type of economy where the government controls some production means, but not all of it is a mixed economy.
Learn more about economic systems here: brainly.com/question/491016
Answer:
$46,400
Explanation:
The computation of the absorption costing net operating income last year is shown below:
= Net operating income under variable costing + Fixed overhead deferred in ending inventory - Fixed overhead released in beginning inventory
= $74,000 + $0 - $27,600
= $46,400
All other information which is given in the question is not relevant. Hence, ignored it
Answer:
$10,800 underapplied
Explanation:
Calculation for If overhead is applied based on machine hours, the overapplied/underapplied overhead is:
Overhead machine hours=[($1,044,000/24,000)×23,600]-1,037,400
Overhead machine hours=($43.50 x 23,600) - 1,037,400
Overhead machine hours=$1,026,600- 1,037,400
Overhead machine hours= $10,800 underapplied
Therefore If overhead is applied based on machine hours, the overapplied/underapplied overhead is:$10,800 underapplied
Answer:
The money multiplier and money supply for this banking system is 10 and $1,000 billion respectively
Explanation:
The computation of the money multiplier and the money supply is shown below:
As we know that
Money multiplier is
= 1 ÷ required reserve ratio
= 1 ÷ 0.10
= 10
So, the money supply is
= Total Reserves × Money Multiplier
= $100 billion × 10
= $1,000 billion
hence, the money multiplier and money supply for this banking system is 10 and $1,000 billion respectively
