The Federal Reserve regulates the money supply by raising the requirements of the reserve.
<h3>What is Federal Reserve?</h3>
The Federal Reserve System is the U.S. of America's central banking system.
After just a series of financial turmoil, a need for centralized control of the financial system to mitigate credit crisis led to the enactment of the Federal Reserve Act on December 23, 1913.
The Federal can regulate the money supply by increasing reserve requirements, which reference to the sum of money institutions must maintain against bank deposits.
Banks will be able to loan more money when reserve requirements are lowered, increasing the total supply of money in the economy.
Therefore, by raising the reserve, the Federal Reserve regulated the money supply.
Learn more about the Federal Reserve, refer to:
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Answer:
the conversion cost is $58,200
Explanation:
The computation of the conversion cost is shown below:
The conversion cost is
= Direct Labor + Manufacturing Overhead
= $32,800 + $25,400
= $58,200
Hence, the conversion cost is $58,200
It is the combination of the direct labor and the manfacturing overhead
Answer:
= $52,050
Explanation:
First, the question is as follows:
Calculate the number of pounds of raw material to be purchased in June
Solution
Step One: We determine what was produced in June and in July as follows
Budgeted Production = Budgeted sales + The desired closing inventory of finished products - the estimated opening inventory of finished products
- Budgeted Production in June= $15,600 + (0.3 x 19,600) - $4,680 (This is the ending inventory figure from May) = $16,800
- Budgeted Production in July= $19,600 - (17,600 units x 0.3)- $5,880 (this is the opening inventory calculated for June above) = $19,000
Step 2 : Determine the Purchased raw materials for June
- = (Production in June x 3) + Production in July x 3 x 0.25) - (Production in June x 3 x 0.25)
= 50,400 + $14,250 - $12,600 = $52,050
Answer:
<u> its intangible product.</u>
Explanation:
Analyzing the context of the above question, it can be said that in terms of product strategy, the telephone message from the Reject Hotline is classified as its intangible product, as this resource is configured as a service, which is something that is not it can touch, see or feel, that is, it is intangible, but it is the performance of an activity that satisfies a need.
