Answer: skunk works
Explanation: In simple words, skunk works refers to the arrangement under which an individual or a group of individual are given a high degree of autonomy due to their special skills or idea.
These groups works within an organisation for some secret or technical projects and are not strictly monitors by the management for their performance. The group of individuals working is usually low in numbers as the projects they work requires knowledge more than the volume and labor force.
You have some news to share with your manager. You’ve decided to take a new job, and you’re giving your two weeks’ notice. It’s bad news for him but good news for you. What is the best way to communicate this information to your manager?
Final answer:
Leaving a job for a new opportunity should be handled with professionalism, giving proper notice, tying up loose ends, and being appreciative of the experience. Make sure to communicate your departure respectfully to maintain a good relationship with your former employer.
Explanation:
When you decide to leave your job for a new opportunity, it's essential to manage the transition with professionalism and respect. Providing proper notice, such as a two weeks' notice, is a key step. Before breaking the news to your manager, check your contract for any specific requirements regarding the notice period.
Tying up loose ends is also a way to show consideration for your current employer and colleagues. This means completing outstanding projects or tasks to the best of your ability before you leave and making sure any transition of your responsibilities is as smooth as possible for the next person. Making a list of your accomplishments and challenges can help in a final meeting with your manager, demonstrating the value you've added to the team and company.
It's beneficial to approach any conversation about your departure with a sense of gratitude. Remember to be appreciative of the opportunities you have had, and leave your contact information for any follow-up questions or assistance that may be needed after your departure. This can help maintain a positive relationship even after you leave the job.
Finally, always be open to feedback during your last days at the job. Your manager may offer insights on your performance that can help you in your future role. Demonstrating a positive attitude toward feedback can leave a lasting positive impression.
Describe a discretionary fiscal stimulus package that could be used that would not bring an increase in the budget deficit. A discretionary fiscal stimulation package that would avoid a budget deficit is a simultaneous and equal ______. A. increase in government expenditure and an increase in taxes B. increase in transfer payments and a decrease in taxes C. decrease in transfer payments and increase in the quantity of money D. decrease in government expenditure and taxes
A discretionary fiscal stimulation package that would avoid a budget deficit is a simultaneous and equal increase in government expenditure and increase in taxes.
Option A
Explanation:
A discretionary fiscal stimulus bundle is a bundle of monetary estimates set up together by a legislature to animate a flopping economy. The goal of an improvement bundle is to revive the economy and anticipate or turn around a downturn by boosting work and spending.
The hypothesis behind the value of a boost bundle is established in Keynesian financial matters, which contends that the effect of a downturn can be decreased with expanded government spending.
Upgrade bundle is various motivations and assessment refunds offered by an administration to support spending in an offer to haul a nation out of a downturn or to anticipate a monetary lull. An improvement bundle can either be as a financial upgrade or a monetary boost.
A money related boost includes slicing loan fees to animate the economy. At the point when financing costs are cut, there is progressively impetus for individuals to acquire as the expense of getting is diminished.
A British firm may need dollars to pay for U.S. imports. It can work with banks in London to exchange pounds for dollars to make this payment via electronic transfer. This is an example of a(n) _____ market.
Answer:
The correct answer is Spot market.
Explanation:
The spot market or spot market is one in which both the transaction and the settlement of an operation coincide on the same date. Although it is considered cash market when delivery occurs up to a maximum of 2 days later.
In spot markets, transactions are usually settled within a day or two after the date of purchase / sale. This is what is understood as a settlement in D + 1 or D + 2. The transactions are also closed at the current price on the asset in question that exists at the time of the transaction. This is one of the main differences between the cash market and the futures market.
Which of the following would be counted in U.S. GDP?
a. The salary of an American professor teaching in England
b. The value of a used U.S.-produced car purchased in the U.S.
c. The value of a new U.S.-produced car purchased by a French citizen
d. The value of a new French-produced car purchased by a U.S. citizen within in the U.S.
e. The value of a General Electric corporate bond bought by a Japanese citizen
Answer:
c. The value of a new U.S.-produced car purchased by a French citizen
Explanation:
GDP stands for Gross domestic product. It is a measure of the aggregate value of all the finished goods and services produced within the boundaries of a country in a given period. GDP considers products made by both the locals and foreigners.
A new car produced in the US will be included in the GDP for the US the year in which it was manufactured. GDP focuses on the value of goods produced but not where they were consumed. The value of goods and services produced by Americans in foreign countries does not constitute GDP for the US. Products manufactured outside the US, but are being consumed within the US are not part of the US's GDP.
Final answer:
In the scenarios given, only the value of a new U.S.-produced car purchased by a French citizen (c) is included in U.S. GDP because it is an export of goods produced within the country's borders. Salaries earned abroad, resales of used goods, imports of goods, and financial transactions are not included in GDP calculations.
Explanation:
To understand which transactions are counted in the U.S. GDP, we must recognize that GDP (Gross Domestic Product) includes the value of all goods and services produced within a country's borders during a specific timeframe, irrespective of who owns the production assets. From the scenarios provided:
(a) The salary of an American professor teaching in England would not be included in U.S. GDP, as the service is performed outside the U.S. borders.(b) The value of a used U.S.-produced car purchased in the U.S. is also not included in GDP because it's a transaction in used goods, which represents the resale of items previously counted in GDP when they were new.(c) The value of a new U.S.-produced car purchased by a French citizen would be included in U.S. GDP since it counts as an export of goods produced within U.S. borders.(d) The value of a new French-produced car purchased by a U.S. citizen within the U.S. would not be included, as it is an import, and GDP only accounts for domestic production.(e) The value of a General Electric corporate bond bought by a Japanese citizen would not be counted in U.S. GDP as financial transactions like the purchase of stocks, bonds, and other financial instruments are not considered production of goods and services.Therefore, only scenario (c) would be counted in the U.S. GDP.
Michael, Sarah, and Mindy are partners in a limited partnership that buys commercial real estate. Michael and Sarah are limited partners, and Mindy is a general partner. Business is booming, so Mindy asks Sarah for help. Sarah offers to buy land from LandInvest Co. , expressly stating that she is acting as a representative of the limited partnership. Sarah drafts the contracts, participates in the negotiation, and completes the sale on her own. Sarah also takes on bookkeeping and related tasks to free up Mindy to locate new sellers. If a dispute arises with LandInvest Co. related to the contract, and LandInvest Co. sues the limited partnership, it is possible that:__________
Answer:
The correct answer is a. Sarah will be held personally liable even though she is a limited partner, and Mindy will also be held liable as a general partner.
Explanation:
For its part, it should be noted that each of the partners of a limited company has a series of rights.3 Among them are the following:
Right to participate in the distribution of benefits and in the assets of the company in case of liquidation. Right of first refusal in the acquisition of participations of outgoing partners. Right to participate in social decisions and to be elected as administrators. Right to information in the periods established in the deeds. Right to obtain information on the accounting data of the Company.A scheduling system for minimizing inventory by having components arrive exactly at the moment they are needed and finished goods shipped as soon as they leave the assembly line best describes a ________ strategy
Answer: Just in time strategy
Explanation: In simple words, it refers to the method of inventory control and management under which an entity only orders and receives inventory when they are in an need of it.
Most of the entities nowadays are using this inventory system as it reduces the working capital needs due to cost saving on overhead inventory costs. Thus system does not only reduces the cost of the entity but also helps in accelerating the supply chain.
The job of increasing public awareness of a company's products, brands, or activities and by fostering desirable company images, such as innovativeness, dependability, or social responsibility is the task of
Answer:
Public relation
Explanation:
Public relation is the approach a business adopts to communicate to the media and the public. The objective of public relations is the create a good reputation for the company. Through public relations, a business establishes a mutually beneficial relationship between itself and the public.
Public relation uses unpaid media presence to reach its target customers. The organization also support activities such as sports, arts, charitable events and education programs to foster good relationships with the public. By directly engaging with the public, a company gains trust and its brand name become popular.
Duties in the expenditure cycle should be properly segregated to promote internal control. This means that the authorization function is performed by ________, the recording function is performed by ________, and cash handling is performed by the ________.
A) accounts payable; purchasing; cashier.
B) purchasing; accounts payable; cashier.
C) purchasing; cashier; accounts payable.
D) purchasing; accounts payable; treasurer.
What is the bestcontrol to mitigate the threat of paying prices that are too high for goods ordered?
Answer:
B) purchasing; accounts payable; cashier.
Explanation:
The purchasing department's role is to purchase all the necessary inputs needed for production or daily operation.
The accounts payable department's role is to control expenses, process, verify and reconcile invoices.
The cashier department's role is to receive and distribute money and funds.
The logic behind separating roles and responsibilities is that no single department can decide on what to spend, who the vendor will be and how much they should pay.
Why is the participation of young invincibles important to the success of the aca health insurance marketplaces?
Answer:
First of all, young invincibles are young people, usually between 18 and 34 years old, that expect to remain healthy and therefore are not willing to buy health insurance.
The problem is that effectively young invincibles use less health care than other age groups but they serve as a balance for people with preexisting conditions that use health care a lot.
When the amount of young invincibles that acquire insurance is too small compared to preexisting conditions groups, health care costs will increase due to adverse selection and health care premiums will also increase.
In the Resource (Factor) Market, who demands the factors of production?
A) Businesses / Firms
B) Individuals / Households
C) Businesses / Firms and Government
D) Individuals / Households and Government
Answer: The correct answer is "A) Businesses / Firms".
Explanation: Businesses and Firms demands the factors of production.
The households are those that go to the market of factors offering work, land and capital and in return they receive the salaries, rents and interests that are paid by the companies, who demand these factors to use them in the productive processes.
Answer:the answer is actually C. Business and firms and government
Explanation:
You recently inherited an Alvin and The Chipmunks "A Chipmunk Christmas" record. Since you don't have a record player, you need to find a way to convert the record into a CD. This is an example of data ______.1) Degradation2) Clickstreaming3) Rot4) Scattering
Answer:
3) Rot
Explanation:
Data rot refers to problems with the media on which the data (or music in this case) was stored. All physical storage devices may suffer from environmental conditions over time (e.g. humidity, light exposure, etc.) that may alter or damage the data contained in them.
In this case, since I don't a record player, I cannot listen to the Chipmunks. I need to convert that record into a CD and hopefully it wouldn't be damaged.
Make contact with a sales manager, ask him/ her about their ethical selling practices and report your findings. You may want to ask if the firm has:
a. a code of ethics in place
b. an ethics committee
c. a policy on giving and receiving gifts
d. procedures for dealing with whistle-blowing
Answer: A code of ethics in place.
Explanation: If I were to interview a sales manager of a firm about their ethical selling, the first question I would ask would be if they have any existing code of ethics.
Code of ethics simply are values and morals that an organization place highly for its members to abide by or follow.
Code of ethics could of the form: no stealing, sincerity, integrity.
Then I would go on to ask if the sales firm has an ethics committee. The ethics committee is normally in charge of monitoring the ethics compliance of workers.
Then the policy on gifts would be checked. As gifts given or received in some cases can act as bribes to bend situations to an individual's favor.
And finally I would check the steps the sales firms use to deal with whistle blowing. Whistle blowing simply is the exposure of some wrong practice by an individual. So I would ask the sales manager how exposed wrong ethical practices are handled.
The following financial resources were among those received by Seco City during year 1:_____
For acquisition of major capital facilities $6,000,000
To create a permanent trust for governmental purposes 2,000,000
With respect to the foregoing resources, what amount should be recorded in special revenue funds?
A) $0
B) $2,000,000
C) $6,000,000
D) $8,000,000
Answer:
A) $0
Explanation:
Seco City will record $0 as special revenue funds during year 1 with respect to the foregoing resources.
The $6,000,000 for acquisition of major capital facilities would be recorded as capital projects fund.
$2,000,000 to create a non-expendable trust would be recorded as private purpose trust fund.
The ________ approach states that the exchange rate is determined by the supply and demand for national currency stocks, as well as the expected future levels and rates of growth of monetary stock.A) balance of payments B) monetary C) asset market D) law of one price
Answer: Option (B)
Explanation:
The monetary approach tends to undertake that the exchange rates are fixed, under this the economy of an nation is in the mode of long run where it has achieved the full-employment equilibrium, the demand for the money is known as the function of income which is stable. The changes taking place in supply side of money does not affect the real variables, that is in long run an nation's price level and the interest rate converge to that of the world level.
Ethical issues that may arise in projects large and small include___________.
A. pressure to mask delays with false status reports.
B. exaggerated expense reports.
C. gifts from contractors.
D. compromised quality standards to meet bonuses or avoid penalties related to schedules.
E. All of the above.
Answer:
The correct answer is E that is all of the points
Explanation:
Ethical issues is the situation or the problem which requires a person to choose among an alternatives that must be determined as ethical or unethical.
It may arise in the projects whether large and small, involves the pressure for make delays with the reports with the false status, gifts from the contractors, quality standards being compromised and the exaggerated expense reports.
Karen Rogers is a salesperson for Solar Panels Inc. She attends builder trade shows to identify potential customers in an effort to build long-term profitable relationships. Karen Rogers is engaging in which step of the selling process?
Answer:
Prospecting
Explanation:
Prospecting selling process -
It is the very first step in the process of sales , according to this step ,
The step involves the detecting the potential of the customers .
The focus of prospecting is to develop the database of the customers and to communicate with them in order to convert the potential customers to the current customers .
Hence from the question ,
Karen Rogers is involved in the prospecting selling process .
What happens if money needs to be transferred from one agency to another and the legislature is not in session to authorize this transfer?
Answer:
The legislature budget board and the governor are authorize to transfer money from one agency to other.
Explanation:
Given:
Money needs to be transferred from 1 agency to other when legislature is not in session:
Solution:
When Legislature is not in session, the legislature budget board and the governor are authorize to transfer the money from one agency to other during emergencies.
Benjamin is an employee at Apex Inc. Recently, he was moved to a new work team to help in the development of a new product. Sam, his supervisor on the new team, describes the set of behaviors that other team members will expect of Benjamin. Benjamin, however, feels that these demands contradict the expectations set forth in his primary role at Apex. Which of the following situations is most likely to be the primary source of Benjamin's dissatisfaction about his role?A. Apex Inc. has brought together employees from different functions to form a team, leading to conflicting expectations.B. Benjamin is involved in Apex Inc.'s grapevine communications channel.C. Benjamin is unclear about his work methods because others have different ideas about work processes.D. Apex Inc. has downsized recently, and employees' work is still going through quality checks.E. Benjamin is unsure how Apex Inc. will evaluate his performance on this new work team.
Answer:
A. Apex Inc. has brought together employees from different functions to form a team, leading to conflicting expectations.
What characteristics do all connective tissues share in common
Answer:
The following are the characteristics shared by connective tissues:
Cells, Large amounts of amorphous ground substance, And protein fibers.Explanation:
A connective tissue is a tissue that connects, supports, binds, or separates tissues or organs the following are examples of conecting tissues:
Fibrous tissues, fat, cartilage, bone, bone marrow, and blood.
The Characteristics that all connective tissues share in common are
Cells, The most abundant cell in connective tissue proper is the fibroblastLarge amounts of amorphous ground substance, amorphous Ground substance is a gel-like substance in the extracellular space of the extracellular matrix (ECM). And protein fibers. A fiber composed of protein. such as: wool, hair, fur, and silk.
Final answer:
All connective tissues share three common features: specialized cells, protein fibers, and a ground substance forming the extracellular matrix. Types of connective tissue include connective tissue proper (loose and dense), supportive connective tissue (bone and cartilage), and fluid connective tissue (blood and lymph).
Explanation:
Connective tissues have three primary characteristics in common which are vital for supporting, connecting, or separating different types of tissues and organs in the body. Firstly, they all contain specialized cells, protein fibers, and a ground substance which together form the extracellular matrix. Connective tissue proper includes both loose connective tissue and dense connective tissue, which exemplify the variety of cell types and protein fibers within a viscous ground substance.
The second type, supportive connective tissue, provides structure and strength to the body and includes bone and cartilage; both have a few distinct cell types and densely packed fibers in a calcified matrix for bone, and a less rigid matrix for cartilage. The third category is fluid connective tissue, which consists of lymph and blood, circulating specialized cells in a watery fluid containing salts, nutrients, and dissolved proteins.
Donna has just moved to the city from a small town and gets a job as an assistant in a law firm. Not being very familiar with the way things work in the corporate world, she watches her colleagues closely and tries to learn from their mistakes and achievements. This can be described as ________.a) reflexive learning
b) social learning
c) positive reinforcement
d) motor reproduction
Answer:
b) social learning
Explanation:
Social learning is learning through observing and imitating other people.
Donna is trying to learn corporate behaviour by watching her colleagues. This is social learning.
Postive reinforcement is when a positive reward is given for acceptable behaviour.
Motor reproduction is imitating the behaviour of people been observed.
Reflexive learning is learning through reflection on ones learning process.
I hope my answer helps you.
Jet Magazine focuses its marketing efforts on reaching young African Americans. The firm believes that they are positioned to profitably serve this group of consumers. Jet utilizes the strategy of:
Answer:
Target Marketing
Explanation:
Based on the information provided within the question it can be said that Jet Magazine is utilizing the strategy of Target Marketing. This refers to focusing your marketing approach on a select population in order to attract them to your company and convince them to buy your product or service. Which in this scenario Jet Magazine's target market are young African Americans.
As the supply of compact disc players has increased over the years and the price of compact disc players has dropped, the _____.
a. demand for compact disc players has increased.
b. demand for compact disc players has decreased.
c. quantity demanded of compact disc players has increased.
d. quantity demanded of compact disc players has decreased.
Answer:
The correct answer is option c.
Explanation:
An increase in the supply of compact disc players would cause the supply curve to shift to the right. This rightward shift in the supply curve would cause the price of compact discs to decline.
At lower prices, the consumers are consuming more of compact disc players. The quantity demanded of players has increased.
This is also evident through the given figure.
Final answer:
The correct answer is c. the quantity demanded of compact disc players has increased, reflecting the effect of increased supply and reduced prices on the number of units purchased, rather than an overall change in consumer demand.
Explanation:
Given the increase in the supply of compact disc players and the resulting drop in price, the correct answer is c. the quantity demanded of compact disc players has increased. This is because when the supply of a product increases and its price goes down, more of the products are purchased at the lower price, reflecting an increase in quantity demanded, not necessarily an increase in demand itself. Demand refers to the willingness and ability of consumers to purchase a quantity of a good at a variety of prices. Quantity demanded specifically refers to the number of units demanded at a particular price.
Using the model of demand and supply, the fall in the price of a common household item like digital cameras due to increased supply leads to an increase in the quantity demanded. For example, the increased use of digital cameras for various purposes, alongside rising incomes, can also shift the demand curve to the right, potentially increasing the quantity demanded further. Nevertheless, when we observe a fall in equilibrium price and an increase in equilibrium quantity, it is clear that the increase in supply has been more significant than any increase in demand.
Under the current/noncurrent method
a)A foreign subsidiary with current assets in excess of current liabilities will cause a translation gain (loss) if the local currency appreciates (depreciates).
b)A foreign subsidiary with current assets in excess of current liabilities will cause a translation loss (gain) if the local currency appreciates (depreciates).
c)A foreign subsidiary with current assets in excess of current liabilities will cause a translation gain (loss) if the local currency depreciates (appreciates)
Answer:
a)A foreign subsidiary with current assets in excess of current liabilities will cause a translation gain (loss) if the local currency appreciates (depreciates).
Explanation:
Production of Sliver's latest small car, the Beetle, has been a dramatic improvement compared to its previous product, Quiver. The production target of 2,000 Beetle cars per day has been reached only within 10 weeks since the launch date, which is less than the time they needed for Quiver. Which of the following, if true, would suggest that Sliver adopted a JIT strategy for the Beetle?a. Sliver acquired one of its major distributors before the production of the Beetleb. Sliver has recently made a substantial investment in acquiring warehouses close to its production facilities. c. Sliver acquired a fleet of airplanes to ensure that all the components it sourced from across the world were unaffected by supply bottlenecks in other countries.d. All of Sliver's production factories have their own purchase departments that help the company achieve benefits of scale discounting
Answer:
C) Sliver acquired a fleet of airplanes to ensure that all the components it sourced from across the world were unaffected by supply bottlenecks in other countries.
Explanation:
Just in time (JIT) inventory system is an inventory management method which tries to reduce inventory levels and increase efficiency. The whole purpose of JIT is to decrease costs (less inventory = lower costs) by receiving inputs and materials only when needed. It was first implemented by Toyota during the 1970s, that's why it's also called Toyota Production System.
In the wake of the BP oil spill in the Gulf of Mexico, a slew of BP advertisements touted BP's commitment to protecting and preserving the environment, not only of the Gulf, but everywhere its brand reaches. This could be considered an example of green marketing.
a. True.
b. False.
Answer:
False
Explanation:
Green marketing is a marketing strategy where a product is marketed based on its environmental benefits.
The adverts didn't promote BP's product as environmentally friendly, they just mentioned BP is committed to preserving the environment. This isn't an example of green marketing
Guillermo is currently in the process of projecting how much his firm will have to spend on supplies, travel, rent, advertising, and salaries for the coming financial year. Guillermo is working on the:
a. capital budget.
b. advertising budget.
c. operating (master) budget.
d. cash budget.
Answer:
The answer is c. operating (master) budget.
Explanation:
Let re-visit to the definition of operating budget to justify why c. operating budget is the answer.
Operating budget is the budget for revenues and expenses for the future period, that is, it forecast how many level of activities and how much they will cost for income generating purpose in the forecast period.
As described in the question, the forecasting items falls among the expenses budgeting. Thus, c. operating (master) budget is the correct answer.
Assume that Mitchell Company uses a periodic inventory system and has these account balances: Purchases $600,000; Purchase Returns and Allowances $25,000; Purchases Discounts $11,000; and Freight-in $19,000; beginning inventory of $45,000; ending inventory of $55,000; and net sales of $750,000. Determine the amounts to be reported for cost of goods sold and gross profit.
Answer:
Cost of goods sold = $573,000
Gross Profit = $177,000
Explanation:
Data provided in the question:
Purchases = $600,000
Purchase Returns and Allowances = $25,000
Purchases Discounts = $11,000
Freight-in = $19,000
Beginning inventory = $45,000
Ending inventory = $55,000
Net sales = $750,000
Now,
Total Goods Available for Sale =
Beginning Inventory + Purchases + Freight-In - Purchase Returns and Allowances - Purchases Discounts
= $45,000 + $600,000 + $19,000 - $25,000 - $11,000
= $628,000
Thus,
Cost of goods sold = Total Goods Available for Sale - ending inventory
= $628,000 - $55,000
= $573,000
Gross Profit = Net sales - Cost of goods sold
= $750,000 - $573,000
= $177,000
To determine the cost of goods sold and gross profit for Mitchell Company, we calculated the COGS as $673,000 by adjusting the beginning inventory by purchases, returns, allowances, discounts, freight-in, and ending inventory. The gross profit was then found by subtracting COGS from net sales, resulting in $77,000.
To determine the cost of goods sold (COGS) and gross profit for Mitchell Company, we start by calculating the COGS using the following formula:
Begin with the beginning inventory: $45,000.
Add purchases: $600,000.
Subtract purchase returns and allowances: $25,000.
Subtract purchase discounts: $11,000.
Add freight-in: $19,000.
Subtract the ending inventory: $55,000.
COGS = Beginning Inventory + Purchases - Purchase Returns and Allowances - Purchase Discounts + Freight-in - Ending Inventory
COGS = $45,000 + $600,000 - $25,000 - $11,000 + $19,000 - $55,000
COGS = $673,000
Next, we calculate gross profit by subtracting COGS from net sales:
Gross Profit = Net Sales - COGS
Gross Profit = $750,000 - $673,000
Gross Profit = $77,000
The cost of goods sold to be reported is $673,000, and the gross profit is $77,000.
Antitrust laws may
A. enhance the ability of firms to capture profits from a concentration of market power.
B. enhance the ability of firms to reduce economic losses.
C. restrict the ability of firms to operate at the socially efficient level of production.
D. restrict the ability of firms to merge.
Answer:
The correct answer is option D.
Explanation:
Antitrust laws can be defined as the laws that are designed to regulate the distribution of economic power in the market. The focus of these laws is to ensure that healthy competition prevails in the economy.
It restricts corporate mergers, predatory acts, aand concentration of monopoly power. It is applicable to all sectors in the economy, all industries, and services including manufacturing, transportation, marketing, etc.
Stealth bank holds deposits of $600 million. It holds reserves of $30 million and government bonds worth $80 million. The current market value of the bank's loans is $400 million. What is the value of the bank’s total liabilities?
Answer:
$600 million
Explanation:
Data provided in the question:
Deposits held by the Stealth bank = $600 million
Reserves held by the Stealth bank = $30 million
Government bonds = $80 million
The current market value of the bank's loans = $400 million
Now,
The amount of deposits held by the Stealth bank belongs to the depositors
Therefore,
The bank is liable to the amount held in deposits
Thus,
The value of the bank’s total liabilities = Deposits held by the Stealth bank
or
The value of the bank’s total liabilities = $600 million
The Gerald Corporation makes and sells a single product called a Clop. Each Clop requires 1.1 direct labor-hours at $8.20 per direct labor-hour. The direct labor workforce is fully adjusted each month to the required workload. The company is preparing a Direct Labor Budget for the first quarter of the year. If the company has budgeted to produce 20,000 Clops in January, then the budgeted direct labor cost for January is:_________
Answer:
$180,400
Explanation:
The computation of the budgeted direct labor cost is shown below:
= Number of budgeted production clops × required direct labor hours × direct labor hour rate
= 20,000 Clops × 1.1 direct labor hours × $8.20
= $180,400
Simply we multiply the budgeted production with the required direct labor hours and direct labor hour rate so that the budgeted direct labor cost can be computed