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3 years ago

All interest rates in the economy are set by the federal reserve. true or false

Business

1 answer:

aivan3 [116]3 years ago

6 0

Answer:

False

Explanation:

Most interest rates in the economy are not set by federal reserve. For example, banks decide what interests to pay different kind of deposits and charge loans of different risks on their own (with consideration for competition and profitability).

What the Fed does is set important rates (discount rate and funds rate) that influence other interest rates in the economy.

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every licensee must immediately notify the commissioner in writing of any change in his residence address, business address, or

andre [41]

It is the duty of every licensee to immediately notify the commissioner in writing of any change in his residence address, business address, or mailing address. Hence, the given statement is true.

<h3>What is an address?</h3>

The term "address" refers to the location of a venue where something or someone can be easily found. There are various kinds of addresses that are used by humans to locate or locate either themselves or anything else or a human.

Some of the instances of address are residence address, business address, meeting address, and many more. All legal documents that are held by a person are registered at the address that is given by them.

Thus, when any kind of change in the address occurs or happens, it is the duty of the document holder to inform the signed authority.

Learn more about address from here:

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The complete question has been attached in text form:

Every licensee must immediately notify the commissioner in writing of any change in his residence address, business address, or mailing address

False

True

3 0

1 year ago

Valerie promises Teresa that she will pay Teresa $50 if Teresa will clean Valerie's house by noon on Saturday. If Teresa cleans

Leya [2.2K]

Answer:

b) false

Explanation:

This could be considered a bilateral and executory contract because both parties agreed to perform and exchange consideration in the future (in this case, Saturday). But it cannot be considered an implied contract.

E.g., an implied contract happens when you enter a movie theater and a commercial relationship is established where the movie theater must allow you to see a movie and you must pay your ticket for doing so. The same applies for other public places restaurants, theme parks, etc.

But in this case, Valerie's house is not a place where any person is free to attend. You cannot just go into Valerie's house and start cleaning so that she pays you $50.

Implied contracts might also result from previous performances, e.g. Teresa cleans Valerie's house every Saturday for almost 2 years now. The past performance might result in an implied contract, but this wouldn't be the case here either.

4 0

4 years ago

The us of independent channel members in a channel of distribution allows manufacturers to ____

Kipish [7]

<span>The us of independent channel members in a channel of distribution allows manufacturers </span>to achieve distinctive clients with a similar item or diverse clients with various items exceptionally basic for vast and little firms.
Ex) apple store, apple site, best purchase with apple items

8 0

3 years ago

FedEx Corporation is the world's leading express-distribution company. In addition to the world's largest fleet of all-cargo air

Masteriza [31]

Answer:

1) Calculate the amount of gain or loss on disposal, assuming that Accumulated Depreciation was:

(a) $12,000, 0

(b) $10,000, Loss 2000

2) Using the following structure, indicate the effects (accounts, amounts, and + or -) for the disposal of the truck in each of the three preceding situations.

Assets = Liabilities + Stockholders' Equity

Cash+Net Fixxed Asset=Liabilities+truck sold+sale-net-loss in sale

´=16000+(-28000+12000)=0+(16000-(28000-12000))

3) Prepare the journal entry to record the disposal of the truck for each situation in requirement 1.

Depreciation a 12000

Db Cash___________________ 16000

Depreciation________________ 12000

Fix asset____________________________________ 28000

Depreciation b 10000

Db Cash___________________ 16000

Depreciation_______________ 10000

Fix asset____________________________________ 28000

Loss in disposal of fixed asset_______2000

Depreciation c 15000

Db Cash___________________ 16000

Depreciation________________ 15000

Fix asset____________________________________ 28000

Income in disposal of fixed asset__________________ 3000

Explanation:

Truck sold 16000

Purchased 28000

Depreciation a 12000

Depreciation b 10000

Depreciation c 15000

Cash+Net Fixxed Asset=Liabilities+truck sold+sale-net-loss in sale

´=16000+(-28000+12000)=0+(16000-(28000-12000))

Depreciation a 12000

Db Cash___________________ 16000

Depreciation________________ 12000

Fix asset____________________________________ 28000

Depreciation b 10000

Db Cash___________________ 16000

Depreciation_______________ 10000

Fix asset____________________________________ 28000

Loss in disposal of fixed asset_______2000

Depreciation c 15000

Db Cash___________________ 16000

Depreciation________________ 15000

Fix asset____________________________________ 28000

Income in disposal of fixed asset__________________ 3000

7 0

3 years ago

Describe five features of economic resources

soldi70 [24.7K]

Answer:

5 Features of economic resources

Features of economic resources include:

Scarcity. They are found in small quantities compared to the many uses into which they have to be put and hence not sufficient to satisfy all human wants.

Monetary Value. ...

Uneven distribution. ...

Combinability. ...

Usefulness. ...

Transferability.

Explanation:

Private: Easily excluded and subtractive. Common pool: Difficult to excluded and subtractive. Toll: Easily excluded and jointly consumption. Public: Difficult to exclude and jointly consumed.

6 0

4 years ago