Answer:
D. $511,920
Explanation:
For determining the estimated manufaturing overhead first determined the predetermined overhead which is shown below:
= (Actual manufacturing overhead - underapplied overhead) ÷ (actual direct labor hours)
= ($506,920 - $23,440) ÷ (20,400 hours)
= $23.7
Now the estimated manufacturing overhead is
= $23.7 × 21,600 hours
= $511,920
When Atlantis Inc has Uni Bank source their expansion, they are using a D. external source of funding. An external source refers to something being funded outside of their direct business funds. They are using another company to fund their business expansion which overtime will be paid back to them.
Answer:
The answer is: The price elasticity of demand for a good measures the willingness of buyers of the good to buy less of the good as its price increases.
Explanation:
The price elasticity of demand measures the change in the quantity demanded of a product in relation to a change in its price.
The formula for determining the price elasticity of demand (PED) is:
PED = % of the change in Quantity Demanded / % of the change in price
If a good has a high PED (≥ 1) then it is called elastic, which means that any change in the price will change the quantity demanded in a greater proportion. If a good has a low PED (≤ 1) then it is called inelastic, which means that any change in the price will affect the quantity demanded in a smaller proportion.
Usually goods or services considered luxurious (e.g. gourmet cheese), tend to be very elastic (high PED). While products considered basic necessities (e.g. gasoline) tend to be very inelastic (low PED).
Answer:
Funds held in a savings account are highly liquid
Explanation:
The purpose of a savings account is the assist a customer achieve their saving objectives. A savings account is a secure way of accumulating funds for an intended purpose or keeping money that does not have immediate use.
Financial institutions that offer savings account limit on withdrawals to help a customer achieve planned saving objective. It means money saved is not accessible at will. Penalties apply should a customer insists on more than the acceptable number of withdrawals.
Answer:
Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization. Financial managers typically: ... Help management make financial decisions.
