Answer: $11,000
Explanation:
The solution to this problem is not tedious or complicated
Solution;
Amount is = $110,000
Percentage of down payment is given as = 10%
To get the amount of the down payments we find the 10% of $110,00
10% of $110,000 is = 10÷100
=0.1
We multiply it by the amount which is 0.1×110,000= $ 11,000
Answer: Banks transfer money from savers to borrowers by holding deposits and lending excess reserves. Banks also create money by making loans of excess reserves.
Explanation: Those are two primary functions.
Answer:
The answer is True
Explanation:
Service industries would prefer not to hire an expatriate because they require close contact with customers, high levels of professional skills, specialized know-how, and customization.
They avoid expatriates because the new responsibilities, different culture and daily stress may lead to problems coping with their new position and location.
Besides, Expats are Expensive & Problematic, they are expensive to maintain and may even attract some legal risks.
Answer:
A higher operating income will result under absorption costing
Explanation:
If manufacturing production exceeds units sold there will be an increase in inventory and increases in inventory cause income to be higher under absorption costing than under variable costing.
Under variable costing, as its name suggests, only variable production costs are assigned to inventory and cost of goods sold.
Under absorption costing, normal manufacturing costs are considered product costs and included in inventory.
<em>Recognize that a reduction in inventory during a period will cause the opposite effect. </em>
<em>Specifically, a portion of the contents of the beginning inventory would be transferred to expense commensurate with the decrease in inventory. </em>
<em>Since the inventory contains less under variable costing, expect expenses to be lower and income to be higher.</em>
