Industries is calculating its cost of goods manufactured at year-end. justine's accounting records show the following: the raw materials inventory account had a beginning balance of $ 18 comma 000 and an ending balance of $ 16 comma 000. during the year, the company purchased $ 67 comma 000 of direct materials. direct labor for the year totaled $ 115 comma 000, while manufacturing overhead amounted to $ 157 comma 000. the work in process inventory account had a beginning balance of $ 23 comma 000 and an ending balance of $ 22 comma 000. assume that raw materials inventory contains only direct materials. compute the cost of goods manufactured for the year. (hint: the first step is to calculate the direct materials used during the year.)

True or false: banks are required to make electronically deposited funds available on the same day of the deposit

The treasurer for pittsburgh iron works wishes to use financial futures to hedge her interest rate exposure. she will sell five treasury futures contracts at $139,000 per contract. it is july and the contracts must be closed out in december of this year. long-term interest rates are currently 7.30 percent. if they increase to 9.50 percent, assume the value of the contracts will go down by 20 percent. also if interest rates do increase by 2.2 percent, assume the firm will have additional interest expense on its business loans and other commitments of $149,000. this expense, of course, will be separate from the futures contracts. a. what will be the profit or loss on the futures contract if interest rates increase to 9.50 percent by december when the contract is closed out

1. all other things equal, according to the law of demand, when the price of a good falls, the demand for the good falls the demand for the good rises the quantity demanded of the good falls the quantity demanded of the good rises 2. when a market is in equilibrium, the quantity of the good that buyers are willing and able to buy exactly equals the quantity that sellers are willing and able to sell cannot be determined is less than the quantity that sellers are willing and able to sell is greater than the quantity that sellers are willing and able to sell 3. which of the following factors does not influence the demand for a good or service? consumer (buyer) income the price of related goods the number of sellers buyer expectations 4. when the number of sellers in a market increases, demand rises supply rises the price rises, all else equal the number of buyers falls