Answer:
$6,480,000
Explanation:
The computation of the amount of the current liabilities is shown below:
Total assets of $11,200,000
Less: Noncurrent assets $1,480,000
Current Assets = $9,720,000
Now as we know that
Current ratio = Current Assets ÷ Current Liabilities
Current Liabilites is
= $9,720,000 ÷ 1.5
= $6,480,000
hence, the current liabilities is $6,480,000
Answer Choices:
A. is staffed by accountants, economists, tax lawyers
B. keeps Congress well informed on international affairs
C. was created by Article III of the Constitution
D. consents to treaties and trade agreements negotiated by the President
Answer:
A.
Answer:
C; Average Price Level
Explanation:
Here, we want to get what is on the label of the y-axis
The aggregate supply curve is simply a plot of the average price level against the real GDP( gross domestic product)
From this definition, we can see that we have the average price level on the y-axis and we have the real GDP on the x-axis
Answer:
$100
Explanation:
Simple interest is calculated using the formula
I = P x R x T
where I = interest
P= principal amount, $1,250
R= interest rate , 8% or 0.08
T = Time, one year
The interest troy will earn is
I= $1250 x 0.08 x 1
= $100
Troy will earn $100 as interest
Answer:
Effect : Increase in Break Even units by 3,750 units to 18,750 units
Explanation:
Break even point is the level of activity at which a firm makes neither a profit nor a loss
Break even Point (Units) = Fixed Costs ÷ Contribution per unit
where,
Contribution per unit = Selling price per unit - Variable Costs per unit
= $12 - $8
= $4
Therefore,
<u>Before Increase</u>
Break even Point (Units) = $60,000 ÷ $4 = 15,000
<u>After Increase</u>
New Contribution = $12 - ($8× 1.10)
= $3.20
Therefore,
Break even Point (Units) = $60,000 ÷ $3.20 = 18,750
