Answer: $1,900 less than under absorption costing.
Explanation:
The ending inventory of finished goods under variable costing is the difference in carrying value of ending finished goods inventory.
That is calculated as,
Difference in Carrying Value of Ending Finished Goods Inventory = Unit fixed Manufacturing Overhead * Change in Inventory in Units
The Unit Fixed Manufacturing Overhead as implied is the fixed Manufacturing Overhead per unit
Calculated therefore as,
Unit fixed manufacturing overhead = 129,010 / 6,790
= $19
Now that we have that, we can refer back to thw first formula,
Difference in carrying value of ending finished goods inventory = Unit fixed manufacturing overhead * Change in inventory in units
= 19 × (6,790 - 6,690)
= $1,900
The carrying value on the balance sheet of the ending inventory of finished goods under variable costing would be $1,900 less than under absorption costing.
Answer:
1. Discount rate.
2. Increase.
Explanation:
A Federal Reserve Bank is one of the twelve regional banks of the Federal Reserve System in the United States of America. The Federal Reserve Banks are saddled with the responsibility of implementing the monetary policy designed and provided by the Federal Open Market Committee (FOMC).
Federal Reserve System also known as the Fed, was created under the Federal Reserve Act which was passed by US Congress in 1913. The Fed began its operations in the year 1914. It's a financial institution which was founded by President Woodrow Wilson and was primarily aimed at backing each banks in order to put a definitive end to the bank panics of the 1800s.
Furthermore, just like all central banks, the Fed is a government financial institution which is saddled with these responsibilities;
1. Controlling the issuance of currency in United States of America: the Fed promotes public goals such as economic growth, low inflation, and the smooth operation of financial markets.
2. Providing banking services to all the commercial banks in the country: the Fed is the "lender of last resort.
3. Regulating banking activities: it has the power to supervise and regulate banks.
The Federal Reserve Board is the governing body which essentially manages the Federal Reserve System and performs an oversight function on domestic monetary policies.
<em>Additionally, the interest rate that the Federal Reserve Bank (the Fed) charges member banks for loans is known as the discount rate. Also, the Fed can increase the money supply by lowering this rate (discount rate) and thus, empowering the member banks to lend more money.</em>
Answer:
The correct answer is letter "D": The corporate tax rate increases.
Explanation:
In case the government decides to increase the corporate tax rates, companies will have to invest more in their production process so the output will be higher as long as the revenues so that extra profit could cushion the increase in the levies. However, <em>if companies do not have enough reserves to invest, they are likely to request loans</em> that will increment the firm's debt in the long run.
Answer: <u><em>A college student starts a part-time tutoring business is not an example of a barrier to entry.</em></u>
This is not an example of barrier to entry since in this particular case others students can easily utilize the same opportunity and enter into this particular business. In this case there is no legal barriers so that others cannot enter or exit into this industry or business.
<u><em></em></u>
<u><em>Therefore the correct option is (d).</em></u>
Answer:
50%
Explanation:
Sales at strong state = 2 million
Sales in Recession = 1 million
% Decline = 
*100 = 50%
