Answer:
1. Chairman
2. The responsibility of
3. Tenure is more than
4. Federal Open Market Committee (FOMC)
5. Twelve members
6. instructions issued by the FOMC to the Federal Reserve Bank of New York
Explanation:
The Board of Governors of the Federal Reserve is in charge of setting and overseeing monetary policy and is headed by the CHAIRMAN
Monetary policy is supposed to be THE RESPONSIBILITY OF Congress and the president. This goal is aided by the fact that the governors' TENURE IS MORE THAN them to outlast the president who appointed them.
Because Congress initially intended to create a decentralized banking system, there are also smaller branches of the Federal Reserve known as district banks. The presidents of the district banks take turns serving as members of the FEDERAL OPEN MARKET COMMITTEE.
The Federal Open Market Committee (FOMC) is the official policy making body of the Federal Reserve and is made up of TWELVE MEMBERS.
The mechanism for translating FOMC policy into action is INSTRUCTIONS ISSUED BY THE FOMC TO THE FEDERAL RESERVE BANK OF NEW YORK, which outlines the course of monetary policy for the next six weeks.
Answer:
Db Accounts Payable or Cash____900
Cr Inventory account__________________900
Explanation:
The journal entry would be: If merchandise is returned to a supplier, a debit is made to Accounts Payable or Cash, and a credit is made to the Inventory account.
Answer:
The probability that a randomly selected graduate will have a starting salary of $50,000 or more is 10.56%
Explanation:
The formula for calculating a z-score is:
Z=
Where:
x=Score in this case is $50,000
μ=Mean or average of the salary: $45,000
σ= standard deviation of $4,000.
Z=
Z= 1.25
This value has an associated probability of 0.8944= 89.44%, this means 89.44% of graduates will have a starting salary of $50,000 or less.
But if we want to know the probability that the graduate has a salary of $50,000 or more, taking into account a population of 100%=1
1-0.8944= 0.1056
Which represents that 10.56% of population of graduates will earn $50,000 or more.
Acne company has an agreement with a major credit card company that calls for cash to be <u>a </u><u>variable</u><u> </u><u>cost</u>.
Variable costs are fees that change as the extent of modifications. Examples of variable charges are raw substances, piece-rate hard work, production substances, commissions, shipping fees, packaging materials, and credit card costs. In a few accounting statements, the Variable fees of manufacturing are referred to as the “cost of goods offered.”
A variable cost is a price that adjustments in share to manufacturing output or income. While manufacturing or income boom, variable expenses increase; when production or income lower, variable prices lower.
Variable value system. To calculate variable costs, multiply what it costs to make one unit of your product via the full range of merchandise you've got created. This method looks like this: overall Variable charges = value in keeping with Unit x overall variety of units.
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