Answer:
this is the federal banking system of USA
Answer:
Evan's business has no credit history.
Explanation:
As Evan has just created the company, it has no record about its ability to pay debt which is important for a bank to give a loan and it will not be willing to approve it if the company has no credit history that shows that it can make the payments. Because of that, it will require Evan to assume personal liability in order to have a guarantee that the loan would be paid back.
Answer:
$133,928.57
Explanation:
Break even revenue = Fixed cost / contribution to sales ratio
Contribution to sales ratio = Selling price - Variable cost / selling price
Fixed cost = $60000
Variable cost= $16 per unit
Selling price = $29 per unit
Contribution to sales ratio = 29 - 16/ 29 = 13/29 = 0.448
Break even revenue = 60000/0.448 = $133,928.57
Answer:
Option B) $19,300
Explanation:
Manufacturing Costs for the years are computed using the following formula
Manufacturing Costs = (Direct Materials + Direct Labor + Total Factory Overheads) +Beginning work in process - Ending work in process
Direct Materials $6,600
Direct Labor $8,600
Total Factory Overheads $6,700
Direct Manufacturing Costs $21,900
Add: beginning work in process $4,600
Less: ending work in process ($7,200)
Total Manufacturing Costs $19,300
