The total price is $ 12,500 but he prepaid $ 400 for fright which will need to be deducted since it was prepaid which brings to a total $ 12,100. Then there is a return of $ 1,300. which would drop the balance to $ 10,800
Answer:
a. If all money is held as currency then the banks create no additional money and money supply is = $1,000
b. If all money is in banks but the banks are not loaning it out as they are keeping it in reserves, no loans will be created. Supply is still $1,000.
c. The total money is the amount of deposits multiplied by the money multiplier.
Money Multiplier = 1/required reserve
= 1/0.2
= 5
Supply = 1,000 * 5
= $5,000
d. With equal amounts held as currency and demand deposits, the money multiplier will be;
=
Currency deposit ratio is 1 as the ratio to demand deposits is equal which = 1.
=
= 1.67
Money supply = 1,000 * 1.67
= $1,670
e. If the Central bank increases the money supply by 10% then the monetary base would increase by;
= 10% * 1,000
= $100
C? i think it would be that
Answer:
COST OF Goods SOLD $ 1,1539,110
Explanation:
Fultz Company
Schedule of Cost of Goods Sold for 2020
As there are no beginning and ending finished goods inventories the total units produced are sold. (Finished Goods required 31410 Units)
Inventories raw materials : beginning, 10,120 pounds
Add Direct Materials Purchases 36770 pounds
Less Inventories ending raw materials , 15,480 pounds
Direct Materials Used 31410 pounds
Materials 1 pound at $6 per pound= $ 6* 31410 Units= $ 188460
Direct labor 3 hours at $12 per hour= $ 36* 31410 Units= $ 1130780
Manufacturing Overhead $7 per direct labor hour= $ 7* 31410 Units=
$ 219870
Total Manufacturing Costs $ 1,1539,110
There are no beginning and ending work in process inventories so the total manufacturing cost gives us the COST OF Goods SOLD.
Answer:
d. monetarism
Explanation:
Monetarism- belief that money supply is the most significant factor in macroeconomic efficiency