Answer:
The organization of the Federal Reserve- the institution that controls our <u>money supply </u> - can be described in terms of a pyramid. At the top of the pyramid is the <u>Board of Governors</u> . It is composed of seven members who are appointed by the<u> President </u> to serve 14-year terms of office. From those seven, the the head of the Federal Reserve System.
One step down in power is the <u>Federal Open Market Committee</u> . Their job is to set <u>monetary policy</u> in the United States, which means they influence the availability of money in the U.S. This portion of the hierarchy is made up of the <u>12 district banks</u> in the United States. These are found all across the country in major cities.
There are also <u>“member banks”</u> , which make up less than 40% in the U.S. And the last part of the Fed’s organization can be categorized as <u>“Other Depository Institutions.”</u> , which include savings banks, savings and loans banks, credit unions. Of course, at the base of it all, is the <u>American people</u> , who are all impacted by decisions of the Federal Reserve System.
Answer:
False
Explanation:
The change in inventory balance in a period is usually due to purchases and sales. The period opening and closing balances are connected as such;
Opening balance + purchases - cost of goods sold = ending balance
Hence overstating the ending balance results in an understatement of cost of goods sold thereby resulting in an overstatement of net income and retained earning.
The retained earnings is a component of the stockholder's equity hence it is overstated as well. Inventory is an asset, so overstating it is equivalent to overstating the assets balance.
Answer:
B) search for solutions that are reasonable
Explanation:
When Emily solves her work problems by satisficing a large number of decisions, it means that she makes the decisions that are barely adequate to solve the issues. She doesn't take the time to make the best possible ones. Since she has a very tight work schedule, she doesn't have the time to search all the necessary information nor to search all the possible options. She doesn't have the time to analyze which alternative is best, she will take whatever option she finds first.
Answer:
controllable margin = $100,000
Explanation:
given data
Income tax expense = $62000
Contribution margin = 180000
fixed costs = 80000
Interest expense = 68000
Total operating assets = 40000
to find out
How much is controllable margin
solution
we get here controllable margin that is express as
controllable margin = contribution - controllable fixed cost ....................1
put here value we get
controllable margin = 180000 - 80000
controllable margin = $100,000
LAST QUESTION ANSWER: Federal Trade Commission (FTC)
