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4 years ago

What are reserve banks?

Business

2 answers:

Elan Coil [88]4 years ago

6 0

a regional bank operating under and implementing the policies of the US Federal Reserve.

Alex73 [517]4 years ago

6 0

This is reserve banks hope this helps

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Max bought a ticket to the championship baseball game for $170. Someone approaches him outside the stadium and offers him $365 f

Zinaida [17]

Answer:

<h2>The answer in this instance, would be option a. or $365.</h2>

Explanation:

In this case, the original price of the baseball game ticket is $170 as paid by Max to buy the ticket and someone offered $365 to sell his ticket to that person.
Note that Max is basically giving up or sacrificing the opportunity of earning $365 as he decides to attend the game and not sell his ticket.
Therefore,in this case, the opportunity cost of attending the game by personally purchasing the ticket to Max would be $365 as he is foregoing the opportunity to earn additional $365 by refusing to sell his ticket and go to the game instead.

7 0

3 years ago

The following selected information was extracted from the 20x1 accounting records of Lone Oak Products:

Alex777 [14]

Answer:

a. $513,000

b. $913,200

c. $926,400

d. $344,100

e. 11,340 units

Explanation:

a. manufacturing overhead for the year.

Manufacturing Overhead = indirect manufacturing costs

therefore,

Manufacturing Overhead = $109,000 (Indirect labor) + $80,000 x 75 % (Building depreciation) + $344,000 (Other factory costs)

= $513,000

b. cost of goods manufactured.

Cost of Goods Manufactured = Beginning Work In Process + Manufacturing Costs for the Period - Ending Work In Process

= $35,700 + ($15,800 + $175,000 - $18,200) + $254,000 + $513,000 - $62,100

= $913,200

c. cost of goods sold.

Cost of Goods Sold = Beginning Finished Goods + Cost of Goods Manufactured - Ending Finished Goods

= $111,100 + $913,200 - $97,900

= $926,400

d. net income for 20x1, assuming a 30% income tax rate.

Net Income = Gross Profit (Sales - Cost of Goods Sold) - Expenses

= $1,495,000 - $133,000 - $195,000 - ($80,000 x 25%)

= $1,147,000

Income tax = 1,147,000 x 30%

= $344,100

therefore,

Net Income = $1,147,000 - $344,100 = $802,900

e. number of completed units manufactured during the year.

First Calculate Number of Units Sold

Number of Units Sold = 1,495,000 ÷ $130 = 11,500 units

Units manufactured = Units Sold + Ending Finished Inventory - Beginning Finished Inventory

= 11,500 + 1,190 - 1,350

= 11,340 units

6 0

3 years ago

Lawson Manufacturing Company has the following account balances at year end:

soldi70 [24.7K]

Answer:

C) $195,000.

Explanation:

Calculation for the amount that Lawson should report as inventories in its balance sheet

Raw materials 27,000

Add Work-in-process 59,000

Add Finished goods 109,000

Inventories $195,000

Therefore the amount that Lawson should report as inventories in its balance sheet will be 195,000

7 0

3 years ago

Consumers who read, hear, or see the message sent by a source during the marketing communication process are referred to as rece

-BARSIC- [3]

In a marketing communication process, the class of consumers who read, hear and see the message sent by a source are known as the receivers.

In marketing, the communication process consists of nine elements including the sender, receiver, encoding, decoding, message, media, response, feedback and the noise

The element of marketing that read, hear, or see the message sent by a source during the marketing communication are the receiver because they decode and digest the message.

In conclusion, the consumers are called the receivers in a marketing communication process.

Read more about this here

brainly.com/question/7274069

8 0

3 years ago

Describe at least three exchange rate factors that are likely to attract foreign investors to a country's currency. Explain why

lana66690 [7]

Answer: 1. High Interest

2. Low Government Debt

3. Political Stability

Explanation:

Foreign Investors are Investors and investors always like to invest where there are prospects of growth and profit.

High Interest Rates give them the opportunity to invest their money in a currency that will give them a great return because a country where there are high interest rates imparts this on its currency which causes it to rise in value thereby giving currency holders a capital gain.

Another factor is Government Debt. A country with high Government debt will typically be unable to raise funds through the bond market easily. This shortage of funds can lead to inflation which devalues currency causing foreign currency investors to flee.

Finally there is the Political Factor (other factors exist). A stable country politically stands a better chance of maintaining a higher value currency that one with lower political stability. This is because political Stability attracts investors and as more investments come into a country, this reflects in its currency by making it stronger which will attract foreign currency investors.

6 0

4 years ago