Answer: $25,000
Explanation:
The Money Multiplier allows us to calculate how much money banks can create in an economic given a certain reserve ratio.
The formula is;
Money Multiplier = 1 /reserve ratio
= 1/ 0.4
= 2.5
The reserve ratio is 40% which means the bank should be holding 40% of deposits as reserves.
= 100,000 * 40%
= $40,000
Yet they are holding $50,000. They are holding $10,000 more than required. Should they release that $10,000 then they will create;
= 10,000 * money Multiplier
= 10,000 * 2.5
= $25,000
Shipping cost per item: glasses 28, china 56, and dinnerware 84
(B) 3,500 boxes of china, 196,000 transportation cost
Explanation:\s(A)\shipping $14 a pound.
2 pounds times $14 equals 28 for a carton of glasses.
A box of daily dinnerware weights 6 pounds x $14 = 84 and a box of china weighs 4 lbs x $14 = 56.
(B) 3,500 pounds of china times 56 equals 196,000
<h3>What does "shipping cost" mean?</h3>
Costs associated with transporting cargo from Point A to Point B are commonly referred to as shipping costs. The cost of shipping may include a number of components, depending on the type of contract.
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Answer:
<h2>In this case,the answer would be option d. or an increase in taxes and at a given price level consumers feel less wealthy.</h2>
Explanation:
- Aggregate Consumption Expenditure is an important component or determinant of the aggregate demand(AD) which positively or directly affects the AD,meaning that a general increase in the aggregate consumption expenditure will increase the AD in the economy and vise versa.
- Now,an increase in income tax is evidently a bad news for the consumers or buyers in the economy as the disposable household income would decrease as a result and the consumers or buyers would have less money or income at their disposable to spend on various goods and services in the economy.
- Therefore,an increase in tax in this case would lead a fall in the disposable income of the consumers/buyers which will further lead to a decrease in the overall consumption expenditure in the economy.
- Hence,everything else held constant,as aggregate consumption expenditure decreases in the economy,the AD will also decrease consequently and the AD curve shift downward or leftward in the graphical illustration of the goods market.
Answer and Explanation: From the following given case or scenario, we can state that the manager is most likely to said the given because he/she thought that <em>being too critical might put Malcolm on the defensive end and thus hamper his social skills and creativity</em>. Here, in this case the manager asks the other employees not to have a critical review of Malcolm's suggestion and to avoid having an argument on his suggestion.
Answer:
Reference : Cost Accounting Planning & Control ( Matz Usry )
Explanation:
Job order Costing procedure keeps the costs of various jobs or contracts separate during their manufacture or construction. this method is applicable in work in factories, workshops, construction engineers , printers etc.
Direct Materials, Direct Labor ( Job Order Costing). Direct Materials are assigned by means of job order numbers. The cost of each order produced for a given customer or the cost each lot to be placed in stock is recorded on a summary sheet called Job Order Cost Sheet.
Process Costing procedures are often termed continuous or mass production cost procedures. Process costing involves average costing for a particular period in order to obtain departmental and cumulative unit costs.the cost of a completed unit is determined by dividing the total cost of a period by the total units produced during the period.
Direct Materials need not be priced individually rather the cost is determined at the end of the production period through inventory difference procedure i.e adding purchases to beginning inventory and then deducting ending inventory.
Labor Costs are identified by and charged to departments in process costing, eliminating the detailed clerical work of accumulating labor costs by jobs.
