Answer:
$86,000 and $99,380
Explanation:
The flexible budget formular is fixed at $50,000 plus variable costs
The direct labor hour is $4 per hour
The total budgeted cost at 9,000 hours can be calculated as follows
= $50,000 + ($4×9,000 hours)
= $50,000 + $36,000
= $86,000
The total budgeted cost at 12,345 hours can be calculated as follows
= $50,000 + ( $4×12,345 hours)
= $50,000 + $49,380
= $99,380
Hence the total budgeted cost at 9,000 hours and 12,345 hours is $86,000 and $99,380 respectively
Answer:
The number of quarters is 47 and the number of nickels is 49.
Explanation:
Let the number of quarters be x and the number of nickels be y.
Kevin and Randy Muise have a jar containing 96 coins, all of which are either quarters or nickels.
.... (1)
1 quarters = 0.25 dollars
1 nickels = 0.05 dollars
The total value of the coins in the jar is $14.20.
.... (2)
From (1) and (2), we get
Put this value in equation (1).
The value of x is 47 and the value of y is 49. Therefore the number of quarters is 47 and the number of nickels is 49.
Answer:
This is known as Bank panic
Explanation:
Bank panic happens when in a banking system, many banks suffer from a bank run, that is, many of its depositors loss their confidence that the bank may repay their deposit, thus they want to withdraw their deposit put with the bank.
As Banks operating using notably high leverage, many of its assets are not highly liquid ( e.g: loans, bonds that will not be paid until maturity) and the fact that they lend to and borrow from each others frequently and heavily, a bank run happens for one bank may cause liquidity issues to not only that bank but also other banks in the systems.
Having understood that, people tend to speculate that a run on one bank will cause significant problem to the systems, and a likely probability that bank panic occurs.