Answer:
b. receive and process bids for Treasury securities in preparation for the Treasury's auction of securities.
Explanation:
The Fed and their regional banks are authorized by the Federal Reserve Act of 1913 to act as fiscal agents if the Secretary of the Treasury requires them to do so. Theoretically, this shouldn't be a normal activity, it should only happen on demand of the Secretary of the Treasury.
Answer: A. $13000
During its first five years of operation, Mookie Consulting Services reported the following annual net income and dividend amounts:
Year Net Income Dividends
1 $22,000 $2,000
2 17,000 2,000
3 9,000 1,000
4 14,000 3,000
5 25,000 4,000
If Mookie had Retained Earnings of $88,000 at the end of year 5, what was the company's Retained Earnings at the beginning of
Year 1?
a. $13,000 d. $41,000
b. $23,000 e. some other amount
c. $37,000
Explanation: the difference between total dividends (75,000$) and total net Income (88000$) gives the Retained Earnings = $13000
Answer:
a) The justice department became concerned with the activities of Homestore.com because of the growing concentration of ownership within this single association, exhibiting cartel-like behavior.
b) The justice department will consider it a violation of antitrust law if the internet realtor listings are considered to be a part of the relevant market. Option B is correct.
Explanation:
Based on the scenario described in the question,
a) The justice department became concerned with the activities of Homestore.com because of the growing concentration of ownership within this single association, exhibiting cartel-like behavior.
This implies that they are making a price ring and they can restrict output, producers can work together for their interest.
Thus, Option D is correct.
b) The justice department will consider it a violation of antitrust law if the internet realtor listings are considered to be a part of the relevant market. Option B is correct.
