What happens when the federal reserve decreases the money supply?

Silver Corporation, which operates a department store, sells a television to a store employee for $300. The regular customer pri

tatuchka [14]

Answer:

$75

Explanation:

Calculation to determine How much must the employee include in income from both these transactions in total

Customer price for property $500

Less: Gross profit (25%*$500) ($125)

($500-$125=$375)

Employee price ($300)

INCOME $75

($375-$300)

Customer price for service $150

Less: (20%*$150)max exclusion (30)

($150-$30=$120)

Employee price 120

INCOME 0

($120-$120=$0)

Therefore the amount that the employee must include in income from both these transactions in total is $75

8 0

3 years ago

You have an insurance plocy a 300 and a 500 deductible. How mich shol?uld you expect to pay the insurance company each month for

natita [175]

300/12 = 25
So you would pay 25 (/dollars) every month.

I hope it helped you!

8 0

4 years ago

Dan and Emily have decided to start a new home inspection business. They have both worked in this industry as sole proprietors,

daser333 [38]

Answer: Partnership

Explanation: In simple words, partnership refers to an agreement between two or more independent parties to join their forces for achieving a common business goal with the ultimate objective of earning profit.

In the given case, Dan and Emily were sole proprietors and now they are joining their forces also the case states their new entity will not be a separate entity and both of the owners will be having unlimited debt.

Hence from the above we can conclude that this is a partnership business.

3 0

3 years ago

Poseidon Marine Stores Company manufactures special metallic materials and decorative fittings for luxury yachts that require hi

Ksenya-84 [330]

Answer:

C. The company paid a lower cost per hour for labor than allowed by the standards.

Explanation:

direct labor rate/price variance = (AR - SR) x AH

Any favorable variance will result from a lower actual rate than the standard rate. Any difference in the actual number of hours will result in a variance of labor efficiency.

In this case, assuming that actual hours were the same as standard hours, 5,000 x 5 = 25,000 direct labor hours were employed. This means that the actual rate was:

-8,000 = (AR - 15) x 25,000

AR - 15 = -8,000 / 25,000 = 0.32

AR = $14.68

5 0

3 years ago

Use the following data to determine the cost of goods manufactured: Beginning finished goods inventory $ 12,300 Direct labor 32,

Papessa [141]

The Cost of Goods Manufactured is $104,100.By adding the direct material cost with the direct labor cost ,factory overhead,beginning work in progress and deducting the value obtained from the ending work in process value we get the The Cost of Goods Manufactured

Explanation:

The information Given in the question is

Beginning finished goods inventory

$ 12,300

Direct labor

32,100

Beginning work in process inventory

8,700

General and administrative expenses

15,000

Direct materials used

42,000

Ending work in process inventory

10,500

Indirect labor

7,800

Ending finished goods inventory

11,000

Indirect materials

15,000

Depreciation - factory equipment

9,000

So the formula for the

Cost of Goods Manufactured = Direct Materials + Direct Labor + Factory Overhead + Beginning Work in Process - Ending Work in Process

Cost of Goods Manufactured = $42,000 + $32,100 (Indirect Labor + Indirect Materials + Depreciation Factory Equipment) + $8,700 − $10,500

Cost of Goods Manufactured = $42,000 + $32,100 + $7,800 + $15,000 + $9,000 + $8,700 − $10,500 = $104,100.

So,the Cost of Goods Manufactured = $104,100.

8 0

3 years ago

Read 2 more answers