Answer:
Cost of gasoline = $466.9
Explanation:
given data
miles in the trip = 3,700-mile
1 gallon = 23 miles
average price of gas = $2.90 per gallon
solution
we get here no of gallon required for the trip is express as
no of gallon required for the trip =
= 160.87 gallon = 161 gallon
so we get here now Cost of gasoline that is
Cost of 161 gallons = Cost of gasoline for 3700 miles trip
Cost of gasoline = $2.90 per gallon × 161 gallon
Cost of gasoline = $466.9
Based on the amount of raw materials requisitioned, the journal entry to debit the Manufacturing Overhead would be $4,000.
<h3>What amount would be debited to manufacturing overhead?</h3>
The manufacturing overhead is for expenses that are not directly involved in the manufacturing process.
This is why it is the indirect material amount of $4,000 that will be debited to the manufacturing overhead account.
Find out more on manufacturing overheads at brainly.com/question/13312583.
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Answer:
The correct answer is option b.
Explanation:
A worker in Freedonia can produce either 6 units of corn or 2 units of wheat per year.
A worker in Sylvania can produce either 2 units of corn or 6 units of wheat per year.
The opportunity cost of a unit of corn for Freedonia
= ![\frac{2}{6}](https://tex.z-dn.net/?f=%5Cfrac%7B2%7D%7B6%7D)
= 0.33
The opportunity cost of a unit of corn for Sylvania
= ![\frac{6}{2}](https://tex.z-dn.net/?f=%5Cfrac%7B6%7D%7B2%7D)
= 3
So, we see that Freedonia has a comparative advantage in producing corn as it has a lower opportunity cost.
The opportunity cost of a unit of wheat for Freedonia
= ![\frac{6}{2}](https://tex.z-dn.net/?f=%5Cfrac%7B6%7D%7B2%7D)
= 3
The opportunity cost of a unit of wheat for Sylvania
= ![\frac{2}{6}](https://tex.z-dn.net/?f=%5Cfrac%7B2%7D%7B6%7D)
= 0.33
So, we see that Sylvania has a comparative advantage in producing wheat as it has a lower opportunity cost.
With 10 workers, Freedonia will produce 60 units of corn and 0 units of corn and Sylvania will produce 60 units of wheat and 0 units of corn.
Without trade, Freedonia produces and consumes 30 units of corn and 10 units of wheat per year. Sylvania produces and consumes 10 units of corn and 30 units of wheat.
The war has caused the combined yearly output of the two countries to decline by 20 units of corn and 20 units of wheat.
Answer:
The answer is $60,000
Explanation:
Solution
Given that
Sales = $500,000
The gross profit margin = 40%
Operating expenses = $70,000
Depreciation expense = $30,000
Interest expense =$40,000
Taxes =$10,000
Dividend paid =$5,000
Now, let us find the earnings before interest and taxes (EBIT)
Thus
The earnings before taxes = Gross profit - Operating expenses - Depreciation expense - Interest expense
EBT = ($500,000*40%) - $70,000 - $30,000 - $40,000
= $200,000 - $140,000
= $60,000
Therefore the EBIT for XYZ is $60,000
In this case the Atlantic bank will respond by increasing its bank reserves.
Bank reserves is the minimal amount of cash that financial institutions must keep on hand in order to comply with central bank standards . The purpose of the cash reserve regulations is to make sure that every bank has enough cash on hand to handle any significant and unforeseen demand for withdrawals.
The federal discount rate is the interest rate that the Federal Reserve bank charges banks to borrow money from it.
A higher discount rate makes it more expensive for banks to borrow, which reduces the amount of money available and reduces investment activity. In contrast, a decline in the discount rate lowers the cost of borrowing for commercial banks, which increases the amount of credit that is accessible and lending activity across the economy.
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