Answer:
$118000
Explanation:
Calculation for conversion cost incurred
First step is to calculate the Prime Cost
Opening stock Of Raw Material $18000
Add: Material purchased $42000
Less: Closing stock of raw material ($15000)
Add: Direct Labour $30000
Prime Cost $75000
Now let calculate the conversion cost incurred
Prime cost $75000
Add: overhead expenses $40000
[($30000/ $7.50)**10]
( 4000 * $10=$40000)
Total $115000
($75000+$40000)
Add: opening work in progress $9000
Total $124000
($115000+$9000)
Less: Closing stock of work in progress ($6000)
Factory cost or conversion cost $118000
($124000-$6000)
Therefore For March, conversion cost incurred was $118,000
Answer: it is price floor
Explanation:
5$ is the lowest the price can go because they will NOT set it any lower, but it can go higher from there.
i took the testtoo, i got it correct.
floor is the lowest price, ceiling is the highest.
Answer:
Foreign investors who wish to make direct investments in the United States economy
Explanation:
A demander of US currency is an individual or person who would need the dollars to carry out transactions
An investor that would want to carry out a FDI would need US dollars to carry out her transaction because the investment would need to be conducted in dollars
Foreign direct investment (FDI) can be described as when a firm or an individual in one country makes an investment in a business interest in another country.
Foreign direct investment usually takes two form :
the investor sets up a business in the foreign country
the investor acquires foreign assets in the foreign country.
An example is when a US firm establishes a new business in another country.
Equilibrium wage means that it is the wage paid on employees where supply and demand are equal.
All persons looking for work at the going wage will be able to find jobs in an equilibrium setting.
an increase in the unemployment rate will result to a decrease on the equilibrium wage.
Money is very essential. The statement that explains why the money supply is not controlled is that the actions of private individuals and banks can increase or decrease the money supply via the money multiplier.
Money supply is known to handle all the value of monetary assets in an economy.
Monetary means used includes the most liquid asset in the economy such as cash and reserve deposits.
Money supply in an economy is said to be be estimated by the equation below:
-
Money supply = monetary base x money multiplier
See full question below
Which of the following explains why the money supply is not completely controlled by the Federal Reserve?
a. The actions of private individuals and banks can increase or decrease the money supply via the money multiplier.
b. The president can issue an executive order that can increase or decrease the money supply.
c. The treasury has say over when the Federal Reserve can increase or decrease the money supply.
d. The actions of private individuals and banks can increase or decrease the money supply via the spending multiplier.
e. Congress has authority to veto any monetary policy enacted by the Federal Reserve.
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