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2 years ago

What are fdr’s expectations from the public once the banks are reopened? why?

1 answer:

7 0

FDR expected to restore the public confidence in banks once the banks are reopened because he initiated emergency suspension of all banks and made banking regulations and laws that made banks accountable and reliable.

President Franklin D. Roosevelt sought attempted to stabilise and regain public trust in the country's banking system.

The new president Franklin D. Roosevelt proclaimed a four-day banking holiday that shut down the financial sector, including the Federal Reserve. A few days after this action, the Emergency Banking Act was passed with the goal of restoring Americans' faith in banks when they reopened.

To know more about FDR's banking holiday here

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Which of the following should be added to net income in calculating net cash flow from operating activities using the indirect m

Trava [24]

Answer:

C. an increase in accrued expenses

Explanation:

Operating activities: It includes those transactions which affect the working capital after net income. The increase in current assets and a decrease in current liabilities would be deducted whereas the decrease in current assets and an increase in current liabilities would be added.

These changes in working capital would be adjusted. Moreover, the depreciation expense is added to the net income and the loss on the sale of assets is added whereas the gain on sale of assets is deducted

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4 years ago

I'm an attorney and I've been licensed to practice law in Colorado for 1 year now, but I'm thinking of moving to Minnesota. I'd

sergeinik [125]

No. You must take the MN bar.

8 0

3 years ago

Patterson Brothers recently reported an EBITDA of $16.5 million and net income of $2.6 million. It had $2.0 million of interest

maria [59]

Answer:

Depreciation and amortization = $10,500,000

Explanation:

EBT = Net Income / (1 - Tax rate)

EBT = 2,600,000 / (1 - 0.35)

EBT = $4,000,000

EBIT = EBT + Interest

EBIT = $4,000,000 + $2,000,000

EBIT = $6,000,000

EBIT = EBITDA - Depreciation and amortization

$16,500,000 = $6,000,000 - Depreciation and amortization

Depreciation and amortization = $16,500,000 - $6,000,000

Depreciation and amortization = $10,500,000

7 0

3 years ago

g The perfectly competitive firm faces a downward sloping demand curve. a horizontal supply function. perfectly elastic demand.

egoroff_w [7]

Answer:

Option C (perfectly elastic demand) seems to be the correct alternative.

Explanation:

Large companies manufacture similar products which cannot be separated from those manufactured by certain rivals.
Price increases become decided on the market as well as firm price changes, marketing their production at either the current market value. Increasing organizations face a relatively elastic consumer surplus equivalent to something like the sale value.

All other alternatives in question are not relevant to the unique scenario. But that's the correct answer above.

6 0

3 years ago

Which of the following is not a factor of production A. land. B. entrepreneurship. C. money. D. human capital.

kirill [66]

Answer:

D. HUMAN CAPITAL

Explanation:

Factors of Production are the resources/ inputs used to produce final finished goods output.

There are 4 factors of production:

Land - is paid 'rent' as factor income
Labour - is paid 'wages' as factor income
Capital (Money) - is paid 'return on investment' i.e 'interest' as factor income
Entrepreneur (Entrepreneurship) - is paid reward as 'profit'.

Labour & Human Capital seeming to be synonyms are different :- 'Human Capital' is the stock of knowledge & skills embodied in 'labour', enabling them to perform tasks of economic value. Firms invest in human capital i.e knowledge/skill enhancement of factor of production 'labour'.

So, Labour and <u>not</u> HUMAN CAPITAL is a factor of production.

3 0

4 years ago