$3,115,770 is the cost of goods sold for the company.
<h3>What are goods ?</h3>
In economics, "goods" are things that fulfill human needs and provide utility, such as to a customer buying a fulfilling product. Services that cannot be transferred and transferable products are two categories that are frequently distinguished.
When a good is helpful to people but is in short supply compared to demand, it is said to be a "economic good" and requires human effort to attain. Free things, on the other hand, like air, are always available and don't require any deliberate effort to obtain. Private goods include anything a person owns or uses on a regular basis that is unrelated to food, such as televisions, living room furnishings, wallets, cell phones, etc.
To learn more about goods from the given link:
brainly.com/question/12802278
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Answer:
12.5%
Explanation:
The computation of the reserve requirement is shown below:
We know that
Total reserves = New reserve requirement × transaction deposits
$100 billion = New reserve requirement × $800 billion
So, the New reserve requirement would be
= $100 billion ÷ $800 billion
= 0.125 or 12.5%
All other information which is given is not relevant. Hence, ignored it
Answer:
60%
Explanation:
The answer is already given that ANY given month of the year, they have a 60% chance of making profits. The probability wont change since its a constant fact and unless their business improved or something tipped the scales to their favor then the probability is always 60%
Income for most people is determined by the market value of the productive resources they sell. ... Employers are willing to pay wages and salaries to workers because they expect to sell the goods and services those workers produce at prices high enough to cover the wages and salaries and all other costs of production.
