A manufacturer of tiling grout has supplied the following data: Kilograms produced and sold 380,000 Sales revenue $ 2,736,000 Va
riable manufacturing expense $ 1,349,000 Fixed manufacturing expense $ 336,000 Variable selling and administrative expense $ 399,000 Fixed selling and administrative expense $ 372,000 Net operating income $ 280,000 The company's break-even in unit sales is closest to:
The velocity of money is not directly controlled by the Fed. The Fed can not control the money supply and the meaning for that is that the Fed can not create rising demand. when we talk about volecity we are talking about the speed that money turns over. That is why velocity is out of control of the Fed.