Answer: $1,850 billion
Explanation:
The following were given in the question:
Currency in circulation = $950 billion
Required reserves = $60 billion
Excess reserves = $840 billion
Open market operations = $70 billion
The monetary base will be the value of all the currency in circulation plus the reserves that is held by the banks and this will be:
= $950billion + $60billion + $840billion
= $1,850 billion
Answer:
D. Job specialization
Explanation:
Job specialization is the situation whereby overall task of a company are broken down into smaller various parts. With job specialization, machines used are more specialized, workers are more proficient and training is simplified. It is the situation whereby people with great skills and expertise in a certain area are assigned to that area to become more effective.
Answer:
$2.45
Explanation:
Fixed cost = $9,800
Variable cost:
= Units sold × (cost of the ice cream and cone + franchise fee)
= 24000 × ($0.76 + $0.24)
= $24,000
So,
total cost = Fixed cost + Variable cost
= $9,800 + $24,000
= $33,800
Profit = $25,000
Now,
Sales = $58,800
Sales unit = 24,000
So,
Sales price per unit:
= $58,800 ÷ 24,000
= $2.45
Hence, the price one should charge for each ice cream cone to achieve a $25,000 profit for the three-month period is $2.45.
Answer:
5.1(Approx)
Explanation:
Given that,
Sales = $787,100
Variable costs = (480,100)
Contribution margin = $307,000
Fixed costs = (246,800)
Operating income = $60,200
Operating leverage:
= Contribution margin ÷ Operating income
= $307,000 ÷ $60,200
= 5.1 (Approx).
Therefore, the operating leverage of Cartersville Co. is 5.1 (approx).
ANSWER: Such organization is called Cartel.
Explanation: Gogo gas and fab fuels are the few large producers of gasoline in the country. They work together to co-operate the aspects of their market and limit the competition. Under cartel the prices are raised in order to increase the profit and in order to avoid the competition cartel prices can be fixed by and for the members. These associations are independent firms and exerts some traits of monopolistic impact on the sales or production of the commodity. They are organized like OPEC.