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3 years ago

Last night 45,000 people bought 6,000 shirts. The shirts cost $8.00 dollars each. How much did they spend all togther?

Business

2 answers:

babymother [125]3 years ago

6 0

$shirts \times cost = spending \\ 6000 \times 8 = 48000$

Dmitriy789 [7]3 years ago

4 0

They spent $48000 all Together

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Variable costs are costs

saul85 [17]

Answer:

Correct option is D

Explanation:

Variable cost remains constant for each single unit.

That means variable cost is defined per unit, therefore with this we know statement b is correct.

Also with change in production in number of units, the total cost varies and proportionately changes with change in level of output.

Therefore statement A is also correct.Thus on the conclusive part, Staement D is correct.

8 0

3 years ago

Assume that the required reserve ratio is 25 percent. If the Federal Reserve sells $120 million in government securities to the

earnstyle [38]

Answer: Option (B) is correct.

Explanation:

Given that,

Reserve ratio = 25%

Fed reserve bank sells (securities) to public = $120 million

When a central bank sells the government securities to the public then as a result money supply in an economy decreases. This is an instrument of monetary policy known as " Open market Operations".

The supply of money is directly decreases by $120 million.

and

Money creating potential of banks = Amount of securities × $(\frac{1}{rr} - 1)$

= 120 × $(\frac{1}{0.25} - 1)$

= 120 × 3

= $360 million

Hence, a decrease in money supply could eventually reach a maximum of $360 million.

5 0

3 years ago

Can these two countries gain from trading oil and fish oil?

ozzi

These countries can gain from trade because norway has an absolute advantage producing fish oil.

6 0

3 years ago

The general ledger of the Fly-Buy-Nite (FBN) Engineering Company contained the following account balances. Construct an income s

Amiraneli [1.4K]

Answer:

Fly-Buy-Nite (FBN) Engineering Company

Income Statement

Sales revenue 35,000

Less Expenses :

Administrative expenses 2,750

Sub-contracted services 15,000

Development expenses 900

Interest expense 200

Selling expenses 4,500 (23,350)

Net Income 11,650

Net Income before taxes is $11,650

Explanation:

The Income Statement shows operating results that is Profit or Loss resulting from trading operations of the company. Profit or Loss = Sales less Expenses.

8 0

4 years ago

Harold Manufacturing produces denim clothing. This year, it produced 5,000 denim jackets at a manufacturing cost of $45 each. Th

saw5 [17]

Answer:

ALTERNATIVE 1 $30,000

ALTERNATIVE 2 $28,000

ALTERNATIVE 3 $33,000

Explanation:

Calculation for the incremental income

ALTERNATIVE 1 Sell as it is

Incremental revenue $30,000

(5,000*$6)

Incremental costs $0

Incremental Income $30,000

ALTERNATIVE 2 Disassemble and sell to recycler

Incremental revenue $60,000

(5,000*$12)

Incremental costs $32,000

Incremental Income $28,000

ALTERNATIVE3 Rework and turn into good jackets

Incremental revenue $135,000

(3,000*$45)

Incremental costs $102,000

Incremental Income $33,000

Therefore based on the above calculation the company should choose ALTERNATIVE 3 of the amount of $33,000

4 0

3 years ago