Answer:
9
Explanation:
Sales revenue (at $25 per case) ................................$2,000,000 $1,500,000 $2,250,000 Less: Cost of goods sold (at absorption cost of $21 per case) * ............................1,680,000 1,260,000 1,890,000 Gross margin .............................................................$ 320,000 $ 240,000 $ 360,000 Less: Selling and administrative expenses: Variable (at $ .50 per case) ............................40,000 30,000 45,000 Fixed ..............................................................37,500 37,500 37,500 Operating income ......................................................$ 242,500 $ 172,500 $ 277,500 *The absorption cost per case is $21, calculated as follows : production Planned over heading manufacture fixed Budgeted+ case per costing manufacture variable
=($400,000/80,000,)+ $16
= $5 + $16 = $21
1.b. Variable- costing income statement. a In year 4, the difference in reported operating income will be $50,000, calculated as follows: Change in inventory (in units) ×Predetermined fixed .
The Federal Reserve has also launched some reverse repos, effectively lending money to borrow money from commercial banks, rather than permanently transferring ownership of securities to achieve its objectives.
The Federal Reserve is the central banking system of the United States. On December 23, 1913, the Federal Reserve Act was passed and created after a series of financial panics created a desire to centralize the monetary system to mitigate financial crises.
The US central banking system - the Federal Reserve or Fed - is the most powerful economic institution in the United States and possibly the world. Its core responsibilities include setting interest rates, managing the money supply, and regulating financial markets.
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Answer:
affecting wages, employment levels and thus equilibrium
Explanation:
Quantity purchased: 25 shares of stock
Price purchased at: $9.85 per share
To solve:
Total purchase price = (number of shares)(price per share)
Total purchase price = (25)($9.85)
Total purchase price = $246.25