Answer:
Hey I think you might want to retake a photo of your problem? it looks very disorganized lol.
<span>The answer is c. $112,000. The quickest way to arrive at this answer is to notice that 12,000 is a 20% increase over 10,000. Fixed costs remain the same, so the flexible budge for 12,000 units is (96,000 - 16,000)*.2 +96,000 = 112,000.
A better way, or at least more generalizable, way to approach the problem is to calculate and sum the per unit cost for each variable factor, multiply that by the number of units, and then add the fixed costs. So:
[(material/unit + labor/unit + variable overhead/unit) x units] + fixed overhead = cost</span>
Answer:
Assets are greater than liabilities when there are positive capital requirements.
Explanation:
- Morrie's student loan is an asset from Morrie's perspective. {false}
Morrie's student loan is a <em>liability</em> form his/her perspective. It is an asset for the borrower of the loan, usually a bank.
- Jane's car loan is a liability from Jane's perspective; this same loan is also viewed as a liability from the bank's perspective. {false}
This is one is half true, half false because Jane's loan is a liability from her perspective, but for the borrower, the bank, it is an asset.
- Assets are greater than liabilities when there are positive capital requirements.{true}
Because Working Capital = Current Assets minus (-) Current Liabilities. Usually Assets need to be grater than liabilities to have positive capital or Working Capital.
- Bank deposits at the Federal Reserve are a liability for the bank. {false}
Bank deposits at the Federal Reserve are a "special kind" of asset. What I mean by that is a requirement by the Federal Reserve to have a deposit in there as a security or collateral but since that deposit is just there. The bank actually can work or make profit out of it.