Figure out Samuel's Net Pay using the following information

Banks that have national charters must join the Federal Reserve and are subjected to its

aleksandrvk [35]

Answer: True

Explanation:

The Federal Reserve requires that all banks with National charters become members of the Federal Reserve so that they may have a say in the way the Fed runs its operations. State banks are not required to join but can if they meet some requirements.

The Office of Comptroller of the Currency (OCC) continually supervises and examines national banks to ensure that they are engaged in best practices regarding their operations and treatment of customers.

8 0

3 years ago

Suppose a company's revenue increased by 12.3% over the previous year. assuming this trend continues, which expression could the

scoundrel [369]

If the company's trend increases by 12.3% over the previous year and this is bound to continue then the percentage increase through a given number of months will be given by:
(1+ 0.123)∧m/12
we get (1.123)∧m/12
Simplifying the expression we get (1.123)∧(1/12)m
Evaluating (1.123)∧(1/12) we get 1.00971
Therefore, the expression to represent monthly percentage increase will be
(1.00971)∧m

6 0

3 years ago

Read 2 more answers

How do the entry and exit of firms in a purely competitive industry affect resource flows and long-run profits and losses?

Irina18 [472]

Answer:

The fact that in a purely competitive industry there are neither barriers to entry nor barriers to exit is what makes economic profit, in this type of industry, impossible in the long-run.

This is because when there is economic profit in the industry, firms are lured to enter, saturating the market, and lowering economic profit to zero in the process. When this happens, some firms opt out of the industry, bringing economic profit back to positive territory, causing the cycle to repeat itself.

5 0

3 years ago

Classify the following items as (1) operating, (2) investing, (3) financing, or (4) significant noncash investing and financing

Setler [38]

Answer:

(a) Cash payments to employees

Cash-flow classification: Operating activities

(b) Redemption of bonds payable

Cash-flow classification: Financing activities

(c) Sale of building at book value

Cash-flow classification: Investing activities

(d) Cash payments to suppliers

Cash-flow classification: Operating activities

(e) Exchange of equipment for furniture

Cash-flow classification: Significant non-cash activities

(f) Issuance of preferred stock

Cash-flow classification: Financing activities

(g) Cash received from customers

Cash-flow classification: Operating activities

(h) Purchase of treasury stock

Cash-flow classification: Financing activities

(i) Issuance of bonds for land

Cash-flow classification: Significant non-cash activities

(j) Payment of dividends

Cash-flow classification: Financing activities

(k) Purchase of equipment

Cash-flow classification: Investing activities

(l) Cash payments for operating expenses

Cash-flow classification: Operating activities

4 0

3 years ago

Your staff uses expense accounts for job-related travel. The accounting department has changed the way such expenses are handled

Debora [2.8K]

Answer: A memo

Explanation:

Of all the possible ways listed, a Memorandum would be the best way to go.

In businesses, Memos are considered a way to send information within the company about any changes or other happenings within a company. Memos can be sent to every individual or hung around the business. This way everybody can see it and be able to refer back to it. Memos also have proven overtime in the business world that they work for this purpose so using it would be best.

Face to face meetings would have helped explain the changes better but then people would not really be able to refer back to it.

4 0

3 years ago