Answer:
D. Serve as the fiscal agent for the Federal government
Explanation:
The Federal Reserve System (FRS) is the central bank of the United States. FRS regulates the U.S. monetary and financial system.
The functions of Federal Reserve System includes;
1. conducting the nation's monetary policy
2. regulating banking institutions
3. monitoring and protecting the credit rights of consumers
4. maintaining the stability of the financial system
5. providing financial services to the U.S. government.
Answer:
B. The owner's drawing account is closed to the Income Summary account
Explanation:
Answer:
Explanation:
Given that:
annual demand = 7800 units
wholesale price = $325
retail price = 399
The per-unit cost for each item = $399 per unit
The annual cost to purchase the items = Annual demand × wholesale price
= annual demand × price of the wholesales
= 7800 × 325
= $2535000
Answer:
If American produces the new compound, profit will increase by $88,000
Explanation:
increase in selling price = selling price of new variant of chemical - selling price of chemical compound
= $83 - $52
= $31
Net increase in profit = total increase in selling price - additional processing cost
= $31*8000 - $160000
= $248000 - $160000
= $88,000
Therefore, If American produces the new compound, profit will increase by $88,000.
net increase in profit =
Answer:
C) By lowering the price of the flower arrangements to increase demand.
Explanation:
According to the law of demand, the lower the prices, the higher the quantity demanded and the higher the price ,the lower the quantity demanded.
When prices are reduced, demand increases, revenue increases and net profit increases.
I hope my answer helps you.
