Answer:
A price Floor
Explanation:
The minimum wage is a price floor. The minimum wage is a price below which you cannot sell labor, and the suppliers of labor exceed the buyers of labor.
Answer:
The manufacturing overhead cost during the year=$128,000
Explanation:
The manufacturing overhead costs can be calculated using the formula below;
O=C-M
where;
O=manufacturing overhead costs
C=conversion costs
M=material costs
In our case;
O=unknown
C=$728,000
M=$600,000
replacing;
O=728,000-600,000=128,000
O=128,000
The manufacturing overhead cost during the year=$128,000
Answer: 16 S&P 500 futures contracts
Explanation:
The number of contracts can be calculated by:
= (1 * beta) × Stock value/(Contract size * Index level)
= 1.35 × 12,000,000 / ( 250 * 3,983)
= 1.35 × 12,000,000 / 995,750
= 16 S&P 500 futures contracts