Yvette has a checking account with $17,371 and a savings account with $240,000. Her combined money in Apexon Bank is $257,371.
To know how much of Yvette's money is protected you must note that:
FDIC insures: checking, savings, money market deposits and certificates of deposit. FDIC protects against $250,000 combined.
Since Yvette has $257,371 the FDIC protects against $250,000 of that amount leaving $7,371 unprotected.
<u>Answer:</u>
a.$7,175,000
b.$3,655,000
c.$2,825,000
<u>Explanation:</u>
a.Calculation of Cost of Goods Sold
COGS= Sales - Gross profit
=12375000-5200000
=$7,175,000
Cost of Goods Sold for Creston Inc is $7,175,000
b. Calculation of direct materials cost
Direct Material Cost = Materials purchased - Indirect materials - Materials inventory
=4125000-180000-290000
=$3,655,000
Direct materials cost is $3,655,000
c. Calculation of direct labor cost
Direct labor cost= Total manufacturing costs for the period - Direct materials - factory overhead (Indirect labor + Indirect materials + Other factory overhead)
=7880000-3655000-1400000
=$2825000
Direct labor cost is $2,825,000
Answer:
Operating cash flow = $21,554
Explanation:
Operating cash flow, will include all operating expenses and revenues which have a cash effect.
Annual revenue = $87,200
Less: Cost of goods sold = $54,700
Gross Profit = $32,500
Less: Administrative Expense = $8,300
Less: Income Tax = $2,646
Operating cash flow = $21,554
Note: Since depreciation is a non cash expense it will not b considered.
<span>A country's ability to meet its financial obligations is the main determinant of its "economic risk". Whether a country will be able to repay debts which it takes on, such as in the form of bond issues, is a key driver of the willingness of investors to make capital contributions to a country, and the return that they expect in exchange for assuming that risk.</span>
Answer:
The cost of goods sold = $74,000
Explanation:
<em>Cost of goods sold is computed as</em>
<em>Opening stock + production- closing inventory</em>
<em>The figure is always subtracted from the sales revenue to determine the gross profit</em>
The cost of goods of XXis Corporation
Cost of goods sold = 19,000 + 70,000 - 15,000
= $74,000
The cost of goods sold = $74,000
