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Aleks [24]
3 years ago
12

State chartered banks are required to become members of the federal reserve system.

Business
1 answer:
alex41 [277]3 years ago
3 0
I think that any bank or incorporated banking institutions involved can become members.
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If the employer is tardy in paying the state contributions, the credit against the federal tax is limited to what percent of the
Masteriza [31]

Answer:

B) 90%

Explanation:

In order for an employer to qualify for the maximum credit against FUTA taxes (Federal Unemployment Tax Act), they have to file their annual return in time and also pay their state contributions in time. If they file their report late or miss the  state contributions due date, they will be sanctioned by lowering the maximum credit from 5.4% to 4.86% (90% of maximum credit).  

3 0
3 years ago
Moskowitz Corporation has provided the following data for its two most recent years of operation: Selling price per unit $ 91 Ma
Molodets [167]

Answer:

Moskowitz Corporation

The net operating income (loss) under variable costing in Year 2 is closest to:

= $56,000.

Explanation:

a) Data and Calculations:

Selling price per unit                                                            $ 91

Manufacturing costs:

Variable manufacturing cost per unit produced:

Direct materials                                                    $ 13

Direct labor                                                            $ 7

Variable manufacturing overhead                      $ 3            23

Contribution per unit                                                         $ 68

Fixed manufacturing overhead per year                 $480,000

Selling and administrative expenses:

Variable selling and administrative expense per unit sold $ 6

Fixed selling and administrative expense per year $ 84,000

                                                       Year 1         Year 2

Units in beginning inventory          0            3,000

Units produced during the year   12,000   10,000

Units sold during the year             9,000   10,000

Units in ending inventory              3,000     3,000

Year 2:

Income Statement:

Sales Revenue ($91 * 10,000) =  $910,000

Variable manufacturing costs      230,000 ($23 * 10,000)

Variable selling and admin.            60,000 ($6 * 10,000)

Contribution margin                   $620,000

Fixed manufacturing costs          480,000

Fixed selling and admin. costs      84,000

Net operating income (loss)      $ 56,000

8 0
2 years ago
"Because apples and oranges are substitutes, an increase in the price of or¬anges will cause the demand for apples to increase.
irinina [24]

Answer:

The correct answer is option a.

Explanation:

Apples and oranges are substitutes. An increase in the price of oranges will cause the demand for apples to increase. This is because people will prefer a cheaper substitute. This increase in the demand for apples will cause its demand curve to shift to the right.

The rightward shift in the demand curve will cause the equilibrium price to increase. But this change in price will not cause a change in demand. The change in price affects only the quantity demanded. Change in demand happens because of a change in other factors.

So, the given statement is not correct.

7 0
3 years ago
Assuming a current ratio of 1.00 and an acid test ratio of .75 how will the purcahse inventory with cash affect each ratio
MAVERICK [17]

The current ratio will remain the same as 1 only

The acid-test ratio will decrease.

  • The current ratio will stay the same because there won't be a change in current liabilities, and the change in current assets won't have any net consequences because the asset will grow due to an increase in inventory, but it will also decrease by the same amount due to a decrease in cash, so the current ratio will stay the same.
  • The acid-test ratio will decline since the numerator will shrink owing to a cash shortage, and the growth in inventory won't be taken into account because current assets aren't included in this ratio.

Learn about more acid-test ratios here

brainly.com/question/25814739

#SPJ4

8 0
1 year ago
Why is a weather specialist important on major incidents?
Naddika [18.5K]

<span>Weather specialists or weathermen are reporters about weather warnings, with no formal meteorological training. Even though they have no formal trainings, they are important especially on major incidents because they are the ones who give forecasts or weather warnings. In so doing, they can protect people’s life and property. </span>

7 0
3 years ago
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