If the Federal Reserve did not regulate monetary policy, monitor banks, and provide services for banks, then the transactions would be more costly and interest rates will be more.
The Federal Reserve (Fed) in the US manages the economic and financial system in US. It regulate the monetary policy, monitor banks and provide services for banks. They monitor banks so that there will be no more increases in the costs of transactions than the cost agreed by the Fed. Also it will also reduce the possibility of increase in interest rates as the monetary policy is also implemented by the Fed. As a head of the banks, the Federal Reserve also provide services to other banks. In short, the Fed keeps the US economy stable. If they did not regulate monetary policy, monitor banks, and provide services for banks, then it would have been hard to keep this economic stability in US.
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Answer:
Deontologist
Explanation:
Deontology is an ethical theory that statutes that the morality of an action should be based on that action rather than on the consequences. In the question given the manager decides based on the customer because he believes in the rights of all individuals.
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Answer:
Service Revenue 881,105
Wages Expense (529,000)
Supplies Expense (42,000)
Rent Expense (59,500)
Utilities Expense (8,000)
Depreciation Expense (150,000)
Interest Income <u> (5,500) </u>
Net Income 87,105
Explanation:
We list the revenue account and then, substract the expenses leaving the net income. As this is a single-step income statemnt we do not solve for operating and non-operating income.
Answer:
The correct answer is option (b).
Explanation:
According to the scenario, computation of the given data are as follows:
first we calculate the predetermined OH, then
Predetermined OH rate = Estimated Manufacturing OH Cost ÷ Estimated Direct Labor Hours
= $451,140 ÷ 61,800
= 7.3
So, Applied MOH = 60,500 × 7.3 = $441,650
So, Underapplied OH = Actual MOH - Applied MOH
= $532,000 - $441,650
= $90,350 (under applied)
To calculate the standard quantity per unit of direct materials all the give options are used.
Direct materials requirements per unit of finished product, allowance for rejects and allowance for waste and spoilage Direct materials are the resources and materials used in the production of a product that can be immediately linked to that product.
Typically, a product's bill of materials contains a list of the materials that have been recognised as direct materials. The unit quantities and average costs of each material used in a product are listed in the bill of materials, which may also include an allocation for overhead.
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