According to Prof. St. Clair, allowing Lehman Brothers to fail in 2008 breached the Fed's primary mandate, and worsened the financial crisis of 2008.
<h3>What caused the Lehman Brothers' failure?</h3>
The main cause of the failure of Lehman Brothers Investment Bank was its involvement in the subprime mortgage market.
Lehmann Brothers recorded unprecedented loss due to the 2008 subprime mortgage crisis.
The investment bank held onto large positions in subprime and other lower-rated mortgage tranches when securitizing the underlying mortgages.
Thus, according to Prof. St. Clair, allowing Lehman Brothers to fail in 2008 was a terrible decision because its failure breached the Fed's primary mandate, and worsened the financial crisis of 2008.
Learn more about Lehman Brothers' Failure at brainly.com/question/7550583
#SPJ1
Answer:
the capacity to provide future services or benefits.
Explanation:
<span>The fundamental aspects of professionalism are the responsibility and the skills to handle the work perfectly, for this you need to have self-control as part of the good management of the skills when the person handles himself. Ethics, responsibility, and discipline are part of professionalism.</span>
Answer:
$18,000
Explanation:
The computation of the amount of manufacturing overhead is shown below:
But before that first determine the overhead rate which is
= $30,000 ÷ 2,000
= $15
Now the amount of manufacturing overhead applied for Job A-101 is
= $1,200 × $15
= $18,000
Hence, the amount of applied manufacturing overhead is $18,000
Answer:
The ending inventory cost using FIFO is $1,880.
Explanation:
FIFO assumes that the first goods received by the business will be the first ones to be delivered to the final customer.
This means that, any remaining inventory will be valued as if they were the latest goods purchased.
<u>Ending inventory cost calculation :</u>
10 units × $58 = $580
20 units × $65 = $1,300
Total = $1,880
Conclusion :
The ending inventory cost using FIFO is $1,880.