Areview of the accounting records of spiller manufacturing indicated that the company incurred the following payroll costs during the month of september. 1. salary of the company president—$40,000. 2. salary of the vice president of manufacturing—$25,000. 3. salary of the chief financial officer—$20,000. 4. salary of the vice president of marketing—$18,000. 5. salaries of middle managers (department heads, production supervisors) in manufacturing plant—$196,000. 6. wages of production workers—$938,000. 7. salaries of administrative secretaries—$60,000. 8. salaries of engineers and other personnel responsible for maintaining production equipment—$178,000. 9. commissions paid to sales staff—$252,000.a. what amount of payroll cost would be classified as selling, general, and administrative expense? b. assuming that spiller made 4,000 units of product and sold 3,600 of them during the month of september, determine the amount of payroll cost that would be included in cost of goods sold. (do not round intermediate calculations.)

Uppose that the federal reserve purchases a bond for $100,000 from donald truck, who deposits the proceeds in the manufacturer’s national bank. what will be the impact of this purchase on the supply of money? the money supply will increase by $100,000. the money supply will increase by $80,000. the money supply will increase by $500,000. this action will have no effect on the money supply. if the reserve requirement ratio is 20 percent, what is the maximum amount of additional loans that the manufacturer’s bank will be able to extend as the result of truck’s deposit? the maximum additional loans is $100,000. the maximum additional loans is $80,000. the maximum additional loans is $20,000. the maximum additional loans is $500,000. given the 20 percent reserve requirement, what is the maximum increase in the quantity of checkable deposits that could result throughout the entire banking system because of the fed’s action? this action will have no effect on the money supply. the money supply will eventually increase by $80,000. the money supply will eventually increase by $500,000. the money supply will eventually increase by $100,000.