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3 years ago

What is a cash reserve? (Select the best answer.)

Business

1 answer:

morpeh [17]3 years ago

8 0

Answer: Money your company has in the bank

Explanation: Cash reserve means money a company keeps in a bank to meet its short term/ emergency financial needs.

Cash is the most liquid form of cash reverse a company can keep. also a company can have short term funds like 3 months treasury bills and short term assets.

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Name 3 junior colleges within a 50 mile radius of Merced.

g100num [7]

So a quick google search can help you out here fam. Apparently Merced has it's own community college district so you can google for that. That being said there's Merced Main Campus, Los Banos Campus, and some other campuses that are a part of Merced College. You can find them all here on their website:

http://www.mccd.edu/about/locations.html#off-campus

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4 years ago

Haver Company currently produces component RX5 for its sole product. The current cost per unit to manufacture the required 69,00

Gnesinka [82]

Answer:

It is cheaper to make the units in-house. The company will save $207,000.

Explanation:

Giving the following formula:

Production:

Direct materials $ 5.00

Direct labor 9.00

Varaible overhead= 10 - 8= $2

Total fixed overhead= (10*0.8)*69,000= $621,000

Direct materials and direct labor are 100% variable.

Overhead is 80% fixed.

An outside supplier has offered to supply the 69,000 units of RX5 for $19.00 per unit.

I will assume that none of the fixed overhead is avoidable.

First, we need to calculate the incremental cost of making 69,000 units. As it is incremental, we will take into account only the variable costs:

Make in-house:

Total variable cost= 69,000*(5 + 9 + 2)= $1,104,000

Now, the total cost of buying:

Buy:

Total cost= 69,000*19= $1,311,000

It is cheaper to make the units in-house. The company will save $207,000.

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3 years ago

A retail operation has an average gross margin of 35%. If the average monthly sales for the store is $200,000.00, what is the co

GarryVolchara [31]

Answer:

COGS= $130,000

Explanation:

Giving the following information:

A retail operation has an average gross margin of 35%.

Sales= $200,000.00

To calculate the cost of goods sold, we need to use the following formula:

Gross margin= sales - COGS

COGS= sales - gross margin

COGS= 200,000 - (200,000*0.35)

COGS= $130,000

8 0

3 years ago

Suppose sellers of liquor are required to send $1.00 to the government for every bottle of liquor they sell. Further, suppose th

FrozenT [24]

Answer:

All of the above are correct

Explanation:

We evaluate the validity of each of the options.

A) option A is correct

According to the law of demand, all things being equal an increase in price leads to a decrease in the quantity demanded.

If there was no tax, it would have been sold at a lesser price which would have driven the demand curve upwards

B) Option B is correct

The incidence of the tax is summarized by the fact that tax payments are sent to the government.

C) Option C is correct

The total tax is $1 with the buyers paying $0.8 more for a bottle of liquor. This means they bear the burden of paying 80% of the tax

D) Is correct.

Having evaluated the validity of all the options to be correct, then this particular option is correct too

8 0

4 years ago

Read 2 more answers

Monetary policy-makers can help smooth out the fluctuations of the business cycle by _____.

Yanka [14]

In my opinion, monetary policy-makers can help smooth out the fluctuations of the business cycle by minimizing the magnitude of variations in economic growth over the cycle of economic expansion and contraction. Business cycle is oscillation of the economic activity that it experiences over a period of time.

4 0

3 years ago

Read 2 more answers