Answer:
1. Discount rate.
2. Increase.
Explanation:
A Federal Reserve Bank is one of the twelve regional banks of the Federal Reserve System in the United States of America. The Federal Reserve Banks are saddled with the responsibility of implementing the monetary policy designed and provided by the Federal Open Market Committee (FOMC).
Federal Reserve System also known as the Fed, was created under the Federal Reserve Act which was passed by US Congress in 1913. The Fed began its operations in the year 1914. It's a financial institution which was founded by President Woodrow Wilson and was primarily aimed at backing each banks in order to put a definitive end to the bank panics of the 1800s.
Furthermore, just like all central banks, the Fed is a government financial institution which is saddled with these responsibilities;
1. Controlling the issuance of currency in United States of America: the Fed promotes public goals such as economic growth, low inflation, and the smooth operation of financial markets.
2. Providing banking services to all the commercial banks in the country: the Fed is the "lender of last resort.
3. Regulating banking activities: it has the power to supervise and regulate banks.
The Federal Reserve Board is the governing body which essentially manages the Federal Reserve System and performs an oversight function on domestic monetary policies.
<em>Additionally, the interest rate that the Federal Reserve Bank (the Fed) charges member banks for loans is known as the discount rate. Also, the Fed can increase the money supply by lowering this rate (discount rate) and thus, empowering the member banks to lend more money.</em>
Answer:
147
Explanation:
People who got bonus = 96
Two more people who make 98 i.e., ( 96+2)
98 people form 2/3 of the work force;
Workpfoce = 3/3: if 2/3 =98. 3/3 = 98/2 * 3
= 49*3
workforce = 147
Answer:
b. $8,140
Explanation:
The computation is shown below:
= Merchandise amount - return and allowances - discount + freight charges
= $10,000 - $2,000 - $160 + $300
= $8,140
The discount = (Merchandise amount - return and allowances) × discount rate
= ($10,000 - $2,000) × 2%
= $160
Simply we deduct the returned inventory and discount expense and added the freight charges to the merchandise amount
Custom Foot operates six retail locations. At first glance, none looks any different from your basic old-fashioned shoe store, but the only boots on hand are display models. There's no inventory for sale and customers go home empty-handed—at least initially. Customers browse the store, mixing and matching design components such as style, color, and leather type. About 100 display boots provide style guidelines. Once you choose a boot style, you select materials, colors, and textures. Custom Foot guarantees your boots will be ready within three weeks. This is an example of
mass customization
Answer:
$2.86
Explanation:
The computation of current dividend per share is shown below:-
Dividend yield = 9% × 2
= 4.5%
Current price = Company stock × Dividend yield
= $66.50 × 4.5%
= 2.9925
Current dividend per share = Current price ÷ (1 + Dividend yield percentage)
= 2.9925 ÷ (1 + 0.045)
= 2.9925 ÷ 1.045
= $2.86
So, for computing the current dividend per share we simply applied the above formula.
