Answer:
Results are below.
Explanation:
Giving the following information:
Job 602 Job 603 Job 604
Direct materials= $ 1,500 $ 3,700 $ 2,800
Direct labor= 900 1,380 1,800
Overhead= 360 552 720
Job 602:
direct materials= $600
direct labor= $250
overhead= $100.
1) Raw materials:
Job 602= 1,500 - 600= $900
Job 603= 3,700
Job 604= 2,800
Total= $7,400
2) Direct labor:
Job 602= 900 - 250= $650
Job 603= 1,380
Job 604= 1,800
Total= $3,830
3) Overhead:
Job 602= 350 - 100= 250
Job 603= 552
Job 604= 720
Total= $1,522
4) The cost transferred to finished goods is the total cost of jobs 602 and 603.
Total cost 602= 1,500 + 900 + 360= 2,760
Total cost 603= 3,700 + 1,380 + 552= $5,632
Total cost transferred to finished goods= 2,760 + 5,632= $8,392
Select the items that describe what most likely happens when the Federal Reserve increases the money supply (and people are confident in the economy).
Consumption increases and interest rates fall.
If there is more money in the economy, then there is an increase in the money supplied and consumed. Due to more being available to 'claim' more people are working and buying items they may not have otherwise and the interest rates start to fall because people aren't borrowing as much.
An economic structure in which judgments about what to manufacture and in what amounts are determined by the markets consumers and retailers is known as a free-market system
This is further explained below.
<h3>What is
the free-market system?</h3>
Generally, A market economy is an economy in which choices about investment, production, and distribution to consumers are led by the price signals that are formed by the forces of supply and demand. This kind of economic system is known as a free market economy.
In conclusion, A free market system is an economic framework in which decisions on what to make and in what quantities are set by the customers and retailers in the market.
This kind of system is also known as a consumer-driven economy.
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Answer:
B) II and III.
Explanation:
Based on the information given the statement that are TRUE are II and III
II. The amount of $2,000($10,000-$12,000) which is the profit for the business will be given to the customer but the customer account will have to be frozen or put on hold for 90 days because the customer had not paid for the buy side before selling the shares for the amount of $12,000
III. In a situation where customer paid the amount for the buy side in full either before or after the fifth business day which is the day that follows the trading date, the customer account that had be frozen will be unfrozen or lifted because the buy side amount had be paid in full.
No stated time limit has been given if the firm had not filed an amended U-5.
<h3>What is the time limit to be followed for filing form U-5?</h3>
Form U5 must be filed within thirty days of the date of the termination event, and it requires a firm to provide accurate answers to various questions, including the reason for an associated person's termination of their registration.
Form U5 is the Uniform Termination Notice for Securities Industry Registration which includes the Broker-dealers, funding advisers, or issuers of securities who ought to use this form to terminate the registration of a person in the best jurisdictions.
Hence, no stated time limit has been given if the firm had not filed an amended U-5.
Learn more about Form U5:
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