If the required percentage of reserves is 10%, the money supply reserve multiplier is 10 and the required amount of reserves should be 10 times the money supply.
Why must the bank hold a reserve of only 10% of the money deposited?
The reserve requirement in foxystan has been established at 10% by the central bank.
In a system known as fractional reserve banking, only a portion of bank deposits are guaranteed by actual cash that is on hand and accessible for withdrawal. The idea behind this is to hypothetically boost the economy by making funds available for lending. In the past, the reserve rate has varied between 0% and 10% of bank deposits. The bare minimum of cash that banks must hold on hand in case of unforeseen demand is known as a bank reserve. The additional funds that a bank maintains on hand but chooses not to loan out are known as excess reserves.
Learn more about reserve requirement
https://brainly.com/question/13758092
#SPJ4
what dividend yield would be reported in the financial press for a stock that currently pays a $1 dividend per quarter and the most recent stock price was $40?
The dividend yield for the financial press for a stock that currently pays a $1 dividend per quarter and the most recent stock price was $40 is 10%.
Dividend yield
Dividend yield refers financial ratio that tells you the percentage of a company's share price that it pays out in dividends each year.
Given,
Here we need to find the dividend yield would be reported in the financial press for a stock that currently pays a $1 dividend per quarter and the most recent stock price was $40.
Through the given question, we know that,
Dividend per quarter = $1
Recent stock price = $40.
So, the dividend for one year is 4 x $1 = $4.
So, the dividend yield for the recent price is
=> 40/4
=> 10%.
Therefore, the dividend yield is 10%.
To know more about Dividend yield here.
https://brainly.com/question/28044310
#SPJ4
the population of new york city would have totaled 1.2 million in 1860 if it had included the then-independent city of
The population of New York City would have totaled 1.2 million in 1860 if it had included the then-independent city of Brooklyn.
Many of the state's new immigrants settled in the cities in the early 1900s.
They came there to discover jobs in the towns' growing factories and corporations.
Immigrants settled particularly in towns in the Northeast and Midwest. The result became speedy urbanization, or an increase of cities, in those areas.
The percentage of the population residing in cities came to be the most important in California, the Midwest, and the Northeast.
Learn more about New York here: https://brainly.com/question/23042891
#SPJ4
on january 1, a company issued 10%, 20-year bonds with a face amount of $80 million for $73,581,280 to yield 11%. interest is paid semiannually. what was interest expense at the effective interest rate on june 30, the first interest date? (enter your answers in whole dollars. round percentage answers to 1 decimal place (e.g., 0.0234 should be entered as 2.3).)
Therefore, $3,288,743 in interest expenses at the applicable rate on June 30 will be debited from the interest expense account.
First, we must comprehend the information that is unique to the inquiry.
The bonds have a face value of $90,000,000.
Bond cost equals $82,218, 585.
Discount rate = 7%
In addition, the bond's interest must be paid every two years.
Second, based on the face value, we determine the semi-annual interest.
= Coupon rate times $90,000 times the semi-annual period
= 6/12 x 0.07 x $90,000,000
= $3,150,000
Thirdly, we determine the semi-annual interest issued at this time's market bond price.
= The outstanding balance x the effective rate (/2 because it is semi-annual).
= 8/2 x $82, 218,585
= $3, 288,743
In light of the foregoing, the interest expenditure at the applicable rate on June 30 will be $3,288,743, which will be charged to the interest cost account. The difference between this rate and the calculated face amount (138,743) will be credited to the discount on bonds payable.
To know more about interest click here:
https://brainly.com/question/27584159
#SPJ4
item 3 george jefferson established a trust fund that will provide $221,500 per year in scholarships. the trust fund earns an annual return of 3.8 percent. how much money did mr. jefferson contribute to the fund assuming that only income is distributed?
$6,050,000 was contributed by Jefferson to the trust.
Selling goods & services is how a business makes money. Profit and both fixed and variable costs incurred during product manufacturing are included in revenue. The distinction between profit and fixed costs is known as margin.
How does contribution margin compare to gross margin?
Contribution margin is the profit that remains after variable costs are deducted from revenue, while gross margin is the profit that remains after the cost of goods sold is deducted from revenue.
What exactly is contribution margin and why is it so crucial?
It is a bookkeeping term that assists entrepreneurs and chiefs with following item productivity.Understanding the contribution margin is critical because it indicates how much of a product's revenue can be used to cover fixed costs and increase the company's profit.
Learn more about Contribution margin here:
https://brainly.com/question/28090857
#SPJ4
g the market price of a stock is $53.24 and it just paid $5.08 dividend. the dividend is expected to grow at 4.18% forever. what is the required rate of return for the stock?
The shareholder's needed rate of return will be 8.36% if the dividend growth is predicted to be constant at 4.18
The least return an investor will accept for owning a company's stock, in exchange for a specific amount of stock-holding risk, is known as needed rate of return. In corporate finance, the RRR is also used to evaluate the profitability of new investment projects.
Return to Shareholders Required = (D1/P0 * 100) + G
D1 is the anticipated dividend for the following year.
P0 = Share's Current Market Price
Growth Rate, G
Required Return for Shareholders
= (5.08/53.24* 100) + 4.18%
= 4.180 + 4.18 = 8.36%
Consequently, if a company's stock is currently trading at Rs. 53.24 and its expected dividend per share for the following year is Rs. 5.08 The shareholder's needed rate of return will be 8.36% if the dividend growth is predicted to be constant at 4.18%.
To know more about Dividend visit:
https://brainly.com/question/18568753
#SPJ4
on the spreadsheet report, in the column for total fat (fat), you can see that brown rice (a whole grain) contains slightly more fat than white rice (a refined grain). what part of the rice grain accounts for this difference in fat content?
Brown rice has more calories than white rice.
What is Brown rice?Brown rice is whole grain rice that has had its inedible hull removed. This type of rice sheds the husk or husk, but leaves behind the bran and germ layers that form the brown rice or tan color of the rice. White rice is the same grain without the chaff, bran layer and germ. Red rice, golden rice, and black rice (also called purple rice) are all whole grain rice with outer layers of different pigments.In general, brown rice should be cooked longer than white rice, unless it is crushed or dusted with flour (pierce the bran without removing it). A 2003 study by Gujral and Kumar estimated the cooking time to be 35-51 minutes. Brown rice has a shelf life of about six months, but can be significantly extended by storing in an airtight container, refrigerating, or freezing. Freezing it regularly also helps keep Indian flour moth infestations under control.To learn more about Brown rice from the given link :
https://brainly.com/question/14442329
#SPJ4
true or false: measuring portfolio risk properly and using measures such as the wilshire 5000 index make the process straightforward.
The statement is False. Measuring portfolio risk properly and using measures such as the Wilshire 5000 index make the process straightforward.
A undertaking portfolio is a collection of initiatives, applications, and approaches that are managed collectively and optimized for the financial and strategic dreams of an organization. A portfolio may be controlled at both the purposeful and the organizational degree.
The fundamental goal of portfolio management is to help select nice funding alternatives consistent with one's profits, age, time horizon, and threat urge for food. However, to make the maximum of portfolio control, investors need to opt for a management kind that suits their funding pattern.
The portfolio may be used to reveal boom over time, it could be used to promote a scholar's competencies, or it could be used to assess a pupil's gaining knowledge within a specific route. Its motive will also be an aggregate of all three areas.
Learn more about your portfolio here https://brainly.com/question/25929259
#SPJ4
currently, about 53 % of municipal solid waste, as well as wastes from other sources, is disposed of by which method?
Currently, landfills are used to dispose of around 53% of municipal solid waste as well as waste from other sources.
The landfill technique of garbage disposal involves digging a sizable pit in an open, low-lying location that is often far from residential areas. Large trucks are used to collect the waste, which is then deposited into pits. The pits are filled to capacity, then covered with earth and allowed to rot.
Solid waste is disposed of in well-managed, well-engineered landfills nowadays. In order to assure compliance with federal rules, landfills are strategically placed, planned, operated, and monitored.
The options for the question are:
• Incineration
• Recycling
• Composting
• Landfills
Learn more about landfills method here:
https://brainly.com/question/17540800
#SPJ4
as a result of a tariff t imposed on speedboats, the price domestic consumers pay for speedboats probably will likely be:
As a end result of a tariff T imposed on speedboats, the fee that overseas suppliers will receive probably will be: P1. P3.
How do I discover out my tariff revenue?Tariff revenue alternate on a given import flow is computed surely as the closing ad-valorem tariff improved by means of the final import cost minus the preliminary ad-valorem tariff extended by way of the initial import value.
Why are tariffs imposed on goods?Tariffs have three primary functions: to serve as a source of revenue, to protect home industries, and to remedy change distortions (punitive function). The income feature comes from the fact that the profits from tariffs affords governments with a supply of funding.
Learn more about tariffs here:
https://brainly.com/question/2178644#SPJ4
assume that the interest parity condition holds. also assume that the u.s. interest rate is 8% while the u.k. interest rate is 6%. given this information, financial markets expect the pound to:
Assume that the interest parity condition holds. also assume that the u.s. interest rate is 8% while the u.k. interest rate is 6%. given this information, financial markets expect the pound to appreciate by 2%.
What Kinds of Financial Markets Are There?The stock market, bond market, foreign exchange market, commodities market, and real estate market are a few examples of financial markets and their functions. Financial markets can also be divided into listed vs. OTC markets, primary vs. secondary markets, capital markets, money markets, and listed vs. money markets.
How Do the Financial Markets Function?All financial markets operate primarily by bringing together buyers and sellers of some asset or contract and allowing them to transact with one another, despite encompassing a wide range of asset classes and having a variety of structures and laws. A process for price discovery or an auction is frequently used for this.
Learn more about financial markets here:-
https://brainly.com/question/24475209
#SPJ4
the main way differ from agents is that they do not develop long-term relationships with the buyers or sellers they assist. a. brokers b. sales discounters c. wholesalers d. rack jobbers
In contrast to merchant wholesalers, agents and brokers do not actually buy or acquire ownership of the goods they buy and sell.
The Corrcet answer is C. wholesalers.
What do merchant wholesalers do?Branches of the Merchant Wholesalers in the durable goods industry supply other companies with capital or durable items. In general, merchant wholesalers take ownership to the products they offer, meaning they buy and sell products on their own behalf.In order to distribute goods at a wholesale level, wholesale trade agents and brokers act on behalf of buyers and sellers. Instead of taking title to the products they are selling, they make money by charging commissions and fees for their services.Agents normally represent either the buyer or seller on a permanent basis; brokers bring parties together temporarily. Instead, brokers bring buyers and sellers together and negotiate the parameters of the transaction.To Learn more About wholesalers refer to :
https://brainly.com/question/19165098
#SPJ4
gunther posted an expensive item on an online auction site. dominic offers the highest bid and sends payment to gunther. gunther then refuses to send the product to dominic. gunther has committed:
Gunther has committed online auction fraud.
Online auction fraud typically occurs when a buyer is misled about the items or services they are purchasing on an online auction site, or when a seller is not paid for the things they are selling or is paid using fake debit or credit cards. Methods for combating online auction fraud are:
Keep proof: Maintain a copy of the transaction by taking screenshots of it on the website and storing them safely.Check the auction website: As soon as you can, get in touch with the auction site. They will begin their own internal processes to investigate by flagging the transaction or the listing.Review the terms and conditions of the auction site. See how the auction handles situations like yours in its policy.To learn more about fraud refer:
https://brainly.com/question/1063454
#SPJ4
a mortgagge loan in which the interest rate charged fluctuates with the level of current interest rates is called
Variable interest rate mortgage loans have an interest rate that varies depending on the level of current interest rates.
An interest rate on a loan or security that fluctuates over time because it is based on an underlying benchmark interest rate or index that is interest rates subject to Variable interest rate regular changes is known as a variable interest rate (also known as an "adjustable" or "floating" rate).
A variable interest rate has the obvious advantage that if the underlying rate or index decreases, so do the borrower's interest payments. On the interest rates other hand, if the underlying index increases, interest payments rise. Fixed interest rates are stable, as opposed to variable interest rates.
Variable interest rate mortgage loans have an interest rate that varies depending on the level of current interest rates.
Learn more about Variable interest rate here
https://brainly.com/question/2496648
#SPJ4
under which approach to financing with receivables does the borrower act like it borrowed money from the lender, with the receivables remaining on the borrowers balance sheet and serving as collateral?
With a secured borrowing, the borrower pretends to have borrowed money from the lender while still keeping the receivables as collateral on their balance sheet.
Give a brief account on secured borrowing.A secured loan is cash you borrow that is guaranteed by a property you own, typically your house. Although secured loans can be a considerably riskier option, they often have lower interest rates than unsecured loans. It's crucial to understand how secured loans operate and what can happen if you can't keep up with your payments because your asset might be repossessed if you fall behind on payments.
Typically, one can obtain a larger loan than one might with an unsecured loan.Typically, one has pay an interest rate that is lower than that of an unsecured loan.If, for instance, a person don't have a solid credit history or is self-employed, it could be simpler to get authorized for a secured loan than an unsecured loan.To know more about, secured borrowing, visit :
https://brainly.com/question/28027003
#SPJ4
if on november 26, 2017, the dow jones industrial average closed at 12,743.40, which was down 237.44 that day. what was the return (in percent) of the stock market that day?
-1.83% is the return (in percent) of the stock market that day which was asked.
12,743.40 was the final price, which was lower.
It denotes that the initial cost was
$12,743.40 + $237.44
= $12,980.44.
The return percentage will be the
100x the return / initial cost
=- - 237.44/12,980.44 x 100
= - 0.018291574 x 100
= - 1.83%
The NASDAQ exchange is a prime illustration of a stock exchange. The National Association of Securities founded the NASDAQ stock exchange on February 4th, 1971. Four days later, the NASDAQ stock exchange's first trading day was announced.
To know more about the stock market visit here :
https://brainly.com/question/3210355
#SPJ4
the risk-free rate is 7%. the expected market rate of return is 15%. if you expect a stock with a beta of 1.3 to offer a rate of return of 12%. according to the textbook capm you should
Since the stock is expensive, option (b) is the appropriate response.
What exactly is CAPM stand for?The capital asset pricing model (CAPM), which generates anticipated returns on capital investments, is an idealized description of how securities are valued in financial markets. Through risk assessment and estimation, the model provides a mechanism for determining expected return on equity.
E(R₁) = Rf + β(E(Rм) - Rf),
Where
E(R₁)= capital asset expected return
Rf = Risk - free of interest
β = sensitivity
E(Rм) = Expected return of the market
Given information
E(R₁) = 12%
Rf = 7%
β = 1.3
E(Rм) = 15%
Now we need to calculate what will be the expected return according to the CAPM model.
E(R₁) = 7% + 1.3 ( 15% -7%)
E(R₁) = 17.4%
The security must be sold short since, according to the CAPM model, the expected return on the stock, 17.4%, is higher than the offered return on the stock, 12.0%.
Since the stock is expensive, option (b) is the appropriate response.
TO know more about capm , visit:
https://brainly.com/question/15548553
#SPJ4
a problem is listed below. identify its type. the jimenez family purchased a new home. to fully furnish their new home, they took a loan from their credit union that charges 9% per year compounded monthly . the loan amount was $17,000. they wish to pay off this loan in 4 years. how much is their monthly payments? a) present value with compound interest b) future value with compound interest c) present value of an annuity d) amortization e) sinking fund f) none of the above. review later question 5
Fully furnish their new home, they took a loan from their credit union that charges 9% per year compounded monthly. the loan amount was $17,000, it is present value with compound interest type.
An individual or other entity incurs debt when they take out a loan. Lenders are typically businesses, financial institutions, The lending of money by one or more people, businesses, or other entities to other people, businesses, or other entities is known as loan in the world of finance. Credit is the trust that permits one party to lend money or resources to another party; however, the second party does not immediately reimburse the first party but instead makes a promise to pay back or return the resources at a later time.
A credit is an entry that demonstrates the receipt of money in personal banking or financial accounting.
Learn more about loan here :
https://brainly.com/question/11794123
#SPJ4
by the end of 2011, threadless hired jason macatangay as vice president of finance. which of the following descriptions best encapsulates his primary role at the firm? multiple choice analyzes the market expansion and revenue growth plan for the firm collaborates with marketing to finance advertising and promotion campaigns ensures efficient operation, attainment of goals, and maintenance of trademark creativity borrows funds to sustain product innovation and growth manages the accounting of funds and inventory
Answer:Ensures efficient operation, attainment of goals, and maintenance of trademark creativity.
Explanation:
Answer:Ensures efficient operation, attainment of goals, and maintenance of trademark creativity.
Explanation: Submitted and got the right answer!
which country which had discoruaged immmaigration in the past is now finding its economic influnece
Japan, is the country that formerly discouraged immigration, is now beginning to feel its economic influence.
What is immigration?Immigration is the international movement of individuals to a country of destination where they are not natives or citizens in order to establish themselves as long-term residents or naturalised citizens.
Short-term visitors, commuters, and other travellers do not fit within the definition of immigration or migration; however, seasonal labour immigration is occasionally included.
According to research, migration has positive economic impacts for both the sending and receiving countries. With few exceptions, research shows that immigration generally has favourable economic effects on the native population. However, opinions are divided on whether low-skilled immigration has a negative impact on low-skilled natives.
From the perspective of the destination country, those who migrate across borders are referred to as migrants or immigrants. From the perspective of the nation they are leaving, however, they are referred to as emigrants or outmigrants.
To learn more about immigration refer :
https://brainly.com/question/17141328
#SPJ4
silence can be a sufficient method of acceptance b) if the parties to a contract have habitually used this method to communicate assent. c) when the offeror leaves the jurisdiction after making the offer. d) when the contract is a unilateral contract. a) when the contract is a bilateral contract. e) when the offeree forgot to communicate its acceptance.
Silence can be a sufficient method of acceptance if the parties to a contract have habitually used this method to communicate assent. Hence option B is correct.
At the point when an individual answers to no offer it isn't acknowledged in the majority of the cases. This is valid regardless of whether the proposition says silence will be viewed as acknowledgment. There are, be that as it may, rules for this standard. Assuming the connection between the gatherings is with the end goal that it isn't normal that the offeree to answer, silence by the offeree may constitute acceptance. Another special case would be where the offeree promptly comprehends that silence or an inability to answer implies acknowledgment of the deal. This by and large just emerges in circumstances where the offeror and offeree have a past filled with earlier dealings.
To learn more about laws and contracts,
https://brainly.com/question/14316157
#SPJ4
If the government levies a $5 tax per ticket on buyers of nfl game tickets, then the price paid by buyers of nfl game tickets would?.
If the government levies a $5 tax per ticket on buyers of nfl game tickets, then the price paid by buyers of NFL game tickets would increase by less than $5.
A $5 tax imposed by the government results in a 1% increase for sellers and a 1% increase for purchasers in pricing. As a result, the price that consumers pay won't go up by the whole $5.
Revenues from taxes on income and profits, social security contributions, taxes on goods and services, payroll taxes, levies on the ownership and transfer of property, and other taxes are all considered to be taxes.
The amount of output that is taxed by the government is represented by total tax revenue as a proportion of GDP. It can be used as a gauge for the extent of governmental resource management in the economy. The total amount of tax revenue collected expressed as a percentage of GDP is used to calculate the tax burden.
To know more about tax incidence:
https://brainly.com/question/28901505
#SPJ4
discuss the importance of market for successful business
Answer:
Explanation: Market is important for a business because it helps the public to be aware of the products that your company is selling. It can also influence the customers into buying the product. It maintains a connection between your company and the public.
Answer:
The importance of marketing for your business is that it makes the customers aware of your products or services, engages them, and helps them make the buying decision.
Explanation:
Furthermore, a marketing plan, a part of your business plan helps in creating and maintaining demand, relevance, reputation, competition, etc.
royal company purchased a dump truck at the beginning of 2015 at a cost of $60,000. the truck had an estimated life of six years and an estimated residual value of $24,000. on january 1, 2016, the company made major repairs of $20,000 to the truck that extended the life one year. thus, starting with 2017, the truck has a remaining life of five years and a new salvage value of $8,000. royal uses the straight-line depreciation method. what is the book value of the truck to be reported on the balance sheet at december 31, 2017?
Royal uses the straight-line depreciation method. $ 54133.34 is the book value of the truck to be reported on the balance sheet on December 31, 2017.
Depreciation for 2015 = [cost-salvage]/useful; life
= [60000-24000]/6
= 36000/6
= $ 6000.
Book value at 1jan 2016 =cost -depreciation
= 60000-6000= $ 54000
New cost after major repair = 54000+20000= 74000
New life on 1jan 2016: 6 years
depreciation for 2016= [74000-24000]/6
= 50000/6
= 8333.33.
Book value at 1 jan2017 = 74000-8333.33 = $ 65666.67
Depreciation for 2017 = [65666.67-8000]/5
= 11533.33.
Book value at end of 31 December 2017 = Beginning book at 2017 -depreciation for 2017.
= 65666.67-11533.33
= $ 54133.34.
The term deprecation refers to an accounting system used to allocate the cost of a palpable or physical asset over its useful life. deprecation represents how important an asset's value has been used. It allows companies to earn profit from the means they enjoy by paying for them over a certain period of time.
Learn more about the depreciation method here: https://brainly.com/question/27971176
#SPJ4
which of the following activities would be considered a project? a.) schedule benchmark tests for each grading period b.) maintain student attendance records c.) enroll and register new students d.) organize an all-staff event to introduce a new principal
Organizing an all-staff event to introduce a new principal would be considered a project.
A principal is money that you at the start agreed to pay lower back. a hobby is a value of borrowing the important. normally, any charge made on a vehicle mortgage might be carried out first to any prices which can be due (as an example, past due prices).
The primary is the quantity of a debt that was first borrowed, and which remains unpaid. This amount no longer consist of any amassed unpaid interest related to the debt. The time period also can talk to the chief participant in a contract or other commercial enterprise transaction.
Learn more about principal here: https://brainly.com/question/25545513
#SPJ4
true or false: under the pecking order hypothesis, a firm will raise capital by using its net income, selling its marketable securities, issuing debt, and then issuing stock as the last resort. false true
According to the pecking order hypothesis, a company will first use net income to obtain money, then sell its marketable securities, issue debt, and then issue stock as a last resort. The statement is true.
Give a brief account on pecking order hypothesis.According to the pecking order theory, businesses prioritize their financing options (internal financing to equity financing) and reserve equity financing as a last resort. Priority is given to internal resources, and when they are exhausted, debt is issued. When it makes no sense to do so, equity is issued. According to this theory, organizations follow a hierarchy of financing options and favor internal funding when it is available. If external financing is needed, debt is favoured above equity.
The pecking order hypothesis clarifies the function of the private equity sector and, more significantly, emphasizes the causes for its existence, regardless of a company's size or level of development. Unlike conventional financiers, who often just provide financial support to businesses, the private equity sector also provides information to the entire financial system and management capabilities to businesses. These characteristics distinguish this sector from credit or banking institutions.
To know more about, pecking order theory, visit :
https://brainly.com/question/28147666
#SPJ4
an economy that is undergoing industrialization, is growing faster than developed economies, and has capital markets that usually entail greater risk is referred to as a(n)
An undergoing industrialization and growing faster than developed economies is an emerging market economy.
An economy that is evolving into a developed market economy is an emerging market economy. These often have a monetary union, equity markets, and banking system, which means they are industrialising, and because of their quick growth and can provide investors with higher profits.
Key traits of such an economy are economic expansion, growing per capita income, accessibility to overseas investors, and a reliable legal regime. As a market economy develops, it frequently becomes more integrated with the larger economy. Thus, it may see higher trade volume, more liquid local debt and equity markets, and foreign direct investment all of which generally involve more risk.
Read more about the emerging market economy on:
https://brainly.com/question/11472272
#SPJ4
zara's store managers place orders that reflect their localized needs. however, order fulfillment is ultimately the responsibility of the commercial team in headquarters because:
Zara's store manager placed order that reflect in their localized needs. However, order fulfillment an ultimately is the responsibility of the commercial team in headquarters, because store managers does not have visibility into regional demands but the commercial team does.
A store manager is responsible for overseeing the daily operations of a store, their duties include motivating sales teams, creating business strategies, developing promotional material, and training new staff. Also known as a store supervisor.
What skills do you need for store managers?
These seven retail manager skills are essential for any store
Multi-tasking.Decision-making.Leadership.Motivation.Organizational skills.Effective communication.Making the first sale of the day.Learn more about store manager here:- https://brainly.com/question/28219371
#SPJ4
expected sales $ 10,000 units direct material and labor costs $ 150 per unit variable manufacturing overhead $ 20 per unit fixed manufacturing overhead $ 300,000 fixed selling and administrative expenses $ 150,000 average operating assets $ 2,000,000 required return on investment 20% what is the amount of the markup percentage on the absorption cost that should be used to derive the selling price of this product?
The amount of the markup percentage on the absorption cost that should be used to derive the selling price of this product will be 20%.
A managerial accounting technique known as "absorption cost," also known as "full costing," is used to record all expenses related to producing a specific product. This strategy accounts for both direct and indirect costs, including direct materials, direct labor, rent, and insurance.
According to generally accepted accounting principles (GAAP), absorption costing is necessary for external reporting.
Total sales values = Total cost + Return on investment
Return on investment = 20% × 2,000,000 = 400,000.
Profit per unit = 400,000/10,000 units = 40 per unit
Total production cost = Variable cost + Fixed production overhead
= ((150 + 20) × 10,000 + ( 300,000)
= 2,000,000
Cost per unit = 2,000,000/10,000= 200
mark-up in (%) = profit per unit/ cost per unit
= (40/200)× 100 = 20%
To know more about absorption cost refer:
https://brainly.com/question/13781960
#SPJ4
you would like to buy shares of sirius satellite radio (siri). the current ask and bid quotes are $4.34 and $4.31, respectively. you place a market buy order for 630 shares that executes at these quoted prices. how much money did it cost to buy these shares? (round your answer to 2 decimal places.)
To buy these shares, the cost of money will be $2,734.20.
Shares are fractional ownership interests in a corporation. For some businesses, shares are a type of financial instrument that allows for the equitable distribution of any declared residual profits in the form of dividends. A stock that doesn't pay dividends doesn't include its shareholders in the distribution of profits.
The calculation is as follows:
According to the data provided in the question
Current ask price = $4.34
Bid quotes = $4.31
Number of markets buy order = 630 shares
As concerned with the above data, the cost to buy these shares equal to
= Number of market buy orders × Current ask price
= 630 shares × $4.34
= $2,734.20
To learn more about shares, visit the link below:
brainly.com/question/15084477
#SPJ4
new employees at jarvis company cannot participate in the group term life insurance plan until they have worked at the company for three months. this initial period before a new employee can participate is called a(n)
This initial period before a new employee can participate is called a probationary period.
The trial period of employment in a new company or job role is known as a probationary period. Before making a long-term commitment, it enables you and the company to get to know one another better. You have the chance to determine whether the position is relevant to your interests, skills, and abilities while the company makes the final decision regarding the candidate's suitability for permanent employment.
During your probationary period, the company typically exempts you from some of the employment rules that apply to regular employees. For instance, if the standard notice period for leaving a job is one month, it might be shortened to one week during the probationary period.
Learn more about Probationary period, here
https://brainly.com/question/20347664
#SPJ4