Answer:
10 times 1,000 equals 10,000 times 6% equals 600 so that will be 10,600
Answer:
Missing word <em>"sold 20,000 units during the month at a sales price of $60 per unit.. b. What is the company's degree of operating leverage? c. How many units would the company have to sell to achieve a desired operating income before taxes of $150,000?"</em>
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a. Contribution Margin Ratio = Contribution margin / Sales
= 400000 / 1200000
= 0.3333
= 33.33%
b. Operating Leverage = Contribution / Net Income
= 400000 / 100000
= 4 Times
c. Sale to achieve desired profit = (Fixed Cost + Desired Profit) / Contribution Margin Ratio
= (300000 + 150000) / 0.3333
= $1350000
Sales in Units = $1350000 / 60 units = 22500 units
Answer:
The M1 definition of money includes item(s) :
3. Currency (coins and paper money) in circulation
6. Checkable deposits
Explanation:
According to Fred, M1 comprises:
(1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of other depository corporations;
(2) traveler's checks of nonbank issuers;
(3) demand deposits at commercial banks (excluding those amounts held by other depository corporations, the U.S. government, and foreign banks and official institutions) less cash items in the process of collection and Federal Reserve float; and
(4) other checkable deposits (OCDs), consisting of negotiable order of withdrawal (NOW) and automatic transfer service (ATS) accounts at depository institutions, credit union share draft accounts, and demand deposits at thrift institutions. \
Seasonally adjusted M1 is constructed by summing currency, traveler's checks, demand deposits, and OCDs, each seasonally adjusted separately.
Answer
The answer and procedures of the exercise are attached in the following image.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
the three of them could be held personally liable:
- I. John
- II. John's manager
- III. The CEO, who in this specific case we assume could have prevented the crime.
Explanation:
John committed forgery and possibly fraud by forging clients' signatures on documents held by the company. His boss ordered him to do so, so he is also responsible for John's actions. John can even try to put all the blame on his boss alleging that he was forced to forge the signatures. The CEO of the firm is also responsible because the forged documents had to serve someone's illegal purposes, and the CEO probably was the one that needed them or knew about what was going on and didn't do anything to stop it.
