Answer:
a. $8,900
b. $7,200
c. $2,300
d. $850
Explanation:
<u>Goods Available For Sale Calculation :</u>
Beginning inventory 5,000
Add Net Purchases 3,900
Goods Available For Sale 8,900
<u>Cost of Goods Sold Calculation :</u>
Goods Available For Sale 8,900
Less Ending Inventory (1,700)
Cost of Goods Sold 7,200
<u>Gross Profit Calculation :</u>
Net Sales 9,500
Less Cost of Goods Sold (7,200)
Gross Profit 2,300
<u>Net Income Calculation :</u>
Gross Profit 2,300
Less Expenses (1,450)
Net Income 850
Answer:
a. The discount rate is the
- interest rate at which banks can borrow reserves from the Federal Reserve.
The discount rate is the interest rate that the FED charges commercial banks, credit unions, or other financial institutions for lending them money.
b. If the Fed were to decrease the discount rate, banks will borrow
- more reserves, causing an increase in lending and the money supply.
Lowering the discount rate is considered part of an expansionary monetary policy since banks will borrow more money and lend more money to the public, increasing the money supply.
Answer:
pay a wage rate less than labor's MRP
Explanation:
A monopsonistic employer in an unorganized (nonunion) labor market will: "pay a wage rate less than labor's MRP"
The above statement is based on the idea that Monopsony is a market situation whereby a single buyer or firm is the only purchaser of a good or service, which in most cases has to do with the purchase of labor.
And given the fact that the firm is the sole purchaser of labor, where there is no labor union, there is a high tendency that such firm or employer pays a wage rate less than labor's marginal revenue productivity.
Answer:
E. $20,500
Explanation:
The average investment is defined as the average between the initial investment and the salvage value of the equipment.
In this situation, Carmel Corporation had an initial investment of $41,000 for the machine and its salvage value is zero. Therefore, Carmel's average investment is:
The answer is alternative E. $20,500
building society --- is owned by its members and provides banking servic
trust company --- acts as a fiduciary and handles custodial asset arrangements
asset management firm --- invests people's funds in financial assets
stock brokerage firm --- trades securities and makes money from commissions
