Answer:
Explanation:
At the time of the great depression, Franklin Delano Roosevelt became the President in 1933, and He expanded government involvement in economic recovery. His first 100 days brought about the approval of Congressional acts that is aimed at regulating the economy as well as providing jobs to the unemployed Americans.
Franklin Roosevelt also declared a bank holiday, this made Americans to start withdrawing their savings out of fear. This action by Roosevelt allowed the congress to pass the Emergency banking Act that gave the president bigger power over the national banks. Banks after proving they were solvent were allowed to reopen for business. This made the public to have greater confidence in the banking system.
Answer:
The incremental profit is $4,200. Mohave should accept this order.
Explanation:
(1) Variable cost per unit = Direct materials + Direct labor + Variable manufacturing overhead
Variable cost per unit = $11 + $6 + $7.5 = $24.5
Incremental profit = (Sale price per unit - Variable cost per unit) x Units sold
Incremental profit = ($26 - $24.5) x 2,800 = $4,200
(2) Mohave should accept the special order because it is resulting in a profit for the business. We are also informed that Mohave has the excess capacity necessary to accept the order. Hence, no additional fixed costs are incurred in accepting the order, implying that it is overall a profitable transaction for Mohave which it should accept.
Answer: Cooperative Ownership
Explanation: In a cooperative ownership, the buyer receives shares of stock in the building corporation and a lease or assignment of the seller's lease of the apartment being sold.A cooperative is an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise.Buying a house or renting an apartment aren't the only living arrangements available in the marketplace. Housing cooperatives, colloquially known as co-ops, provide an alternative to the traditional methods of acquiring a primary residence.
Answer:
Holding Period return is 6.25%
Explanation:
The return received on the asset in the period in which it is held is called holding period return. It included the interest / dividend received and change in the initial price and current price.
According to given data
Initial Price of stock = $48
Expected Value in coming year = $46
Expected Dividend = $5
Formula for Holding Period Return
HPR = [ Income + [ ( Expected value - Initial Value ) ] / initial value
HPR = [ Expected Dividend + [ ( Expected value - Initial Value ) ] / initial value
HPR = [ $5 + ( $46 - $48 ) ] / $48
HPR = [ $5 - $2 ] / $48
HPR = $3 / $48
HPR = 0.0625 = 6.25%
Answer:
$460,000
Explanation:
The budgeted cash receipts are equal to the total expected sales since the company only makes sales on cash.
The budgeted cash receipts are part of the cash budget that the company prepares. It estimates all the cash inflows (sales receipts) and cash outflows (expenses and merchandise purchases). The outflows are called budgeted cash disbursements.