M1 includesa) currency in circulation, savings account balances, checking account deposits in banks, and holdings of traveler's checks. b) currency in circulation, checking account deposits in banks, and holdings of traveler's checks. c) currency in circulation, savings account balances, and checking account deposits in banks. d) coins, savings account balances, traveler's checks.

Joint cost cheyenne, inc. produces three products from a common input. the joint costs for a typical quarter follow: direct materials $45,000 direct labor 55,000 overhead 60,000 the revenues from each product are as follows: product a $75,000 product b 80,000 product c 30,000 management is considering processing product a beyond the split-off point, which would increase the sales value of product a to $116,000. however, to process product a further means that the company must rent some special equipment costing $17,500 per quarter. additional materials and labor also needed would cost $12,650 per quarter. a. what is the gross profit currently being earned by the three products for one quarter? $answer b. what is the effect on quarterly profits if the company decides to process product a further? $answer