Answer:
Interest will be $5000
So option (A) will be correct option
Explanation:
We have given principal amount P = $500000
Rate of interest = 6 %
Time is November 1 to December 31
So time = 2 months = 0.1666 year
Interest is given by
Interest
So option (a) will be correct option
Answer:
The fed needs to purchase bonds worth $20 from the banks to increase money supply by $200.
Explanation:
The Federal Reserve wants to increase the money supply by $200.
The reserve requirement is 10%.
The fed can increase the money supply by purchasing bonds from commercial banks.
The money supply will increase by money multiplier times worth of bonds.
Increase in money supply =
$200 =
Worth of bonds =
Worth of bonds = $20
So the fed needs to purchase bonds worth $20 from the banks to increase money supply by $200.
Answer:
Each product will be allocated with 38.30 dollars of manufacturing overhead as both takes 0.81 DLH
Explanation:
To calcualte the overhead rate we need to distribute the expected cost over the expected cost driver, in this case, labor hours:
(39,000 + 8,000) x 0.81 DLH = 38,070 labor hous
$1,800,000 overhead / 38,070 DLH = 47,281323877
the overhead per hour is $47.28
overhead per product:
47,281323877 x 0.81 = 38,29787234 = <u><em>38.30</em></u>