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2 years ago

What is the main function of the Federal Open Market Committee?

2 answers:

8 0

To conduct monetary policy, it's open market operations. Buying and selling of federal government bonds to influence the money supply in the rate of interest. These operations are responsibility of Federal Open Market Committee. Ask google for more friend, hope I helped!

Contact [7]2 years ago

8 0

Answer:

The correct answer is: To manage the supply of money of the nation.

Explanation:

The Federal Open Market Committee or FOMC is the institution of the Fed (<em>Federal Reserve System</em>) of the United States that creates the policies on monetary matters. Besides, it is responsible for formulating a policy focused on promoting steady prices and economic prosperity.

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Which of the following is one effect of a purchase of $600 of supplies on credit? Select one:

Norma-Jean [14]

Answer:

d. It would increase liabilities by $600

Explanation:

Supplies are part of inventory, and when inventory is purchased it increases assets.

But is it purchased against cash then there is no change as assets in the form of cash is reduced by same.

Further, if these are purchased on credit then the balance of liabilities increases as the increase in liabilities and increase in assets keep the balance sheet equation matching.

Thus, purchasing on credit will increase the liabilities.

5 0

3 years ago

Last year, your company had sales of $3.6 million, cost of goods sold of $2.3 million and operating expenses amounting to $840,0

atroni [7]

Answer:

The firm's tax payment is $ 102,200

Explanation:

Sales 3,600,000

Cost of goods sold. (2,300,000)

Gross profit. 1,300,000

Other operating exp. (840,000)

Depreciation expenses. (114,000)

Interest expense

625,000 × 8%. (50,000)

Gain on investment 30,000

Income before taxes. 326,000

Tax expense 31.34% × 326,000

Firm's tax payment is therefore $102,200.

6 0

2 years ago

The cost system best suited to industries that manufacture a large number of identical units of commodities on a continuous basi

ValentinkaMS [17]

Answer:

Process Costing

Explanation:

Process Costing allows so many units to be in production at the same time which are identical. The cost of each unit can be determined by calculating the average price using to total units produced.

7 0

3 years ago

My boss really does not understand the technical aspects of the job my group is trying to complete. I understand the intricacies

dimaraw [331]

I have emerged as the team leader

4 0

3 years ago

Ruston Company had Net Income for 2020 of $6,200,000. The firm invested $4,000,000 in manufacturing equipment during 2020. The e

Aloiza [94]

Answer:

$3,000,000

Explanation:

Calculation to determine the Net Cash Flow in 2020

STATEMENT OF CASH FLOW

For the Year 2020

Cash flow from operating Activities:

Net Income $6,200,000

Add Depreciation Expense $ 800,000

Net Cash provided by operating activities $7,000,000

($6,200,000+$800,000)

Cash flow from Investing activities:

Investment in Equipment ($4,000,000)

Net Cash used in Investing activities ($4,000,000)

Net Cash flow in 2020 $3,000,000

Depreciation under Straight Line method = (Cost - Salvage Value)/Useful Life

Depreciation under Straight Line method= (4000000-0)/5

Depreciation under Straight Line method= 800,000

Therefore the Net Cash Flow in 2020 is $3,000,000

4 0

3 years ago