Answer:
D. Serve as the fiscal agent for the Federal government
Explanation:
The Federal Reserve System (FRS) is the central bank of the United States. FRS regulates the U.S. monetary and financial system.
The functions of Federal Reserve System includes;
1. conducting the nation's monetary policy
2. regulating banking institutions
3. monitoring and protecting the credit rights of consumers
4. maintaining the stability of the financial system
5. providing financial services to the U.S. government.
Answer:
75%
Explanation:
Given that,
Total Sales = $174,000
Total Variable expenses = $43,500
Total contribution margin = $130,500
Total fixed expenses = $86,175
Net operating income = $44,325
Overall contribution margin (CM) ratio for the company:
= (Total contribution margin ÷ Total sales) × 100
= ($130,500 ÷ $174,000) × 100
= 0.75 × 100
= 75%
Answer:
ROI=17.33%
Explanation:
the rate of return = Net gain/ initial investments x 100 %
Net gains = (selling price - commissions) - purchase price
Purchase price = 20 x $30 = $600
Selling price = 710
Commission = $6
ROI ={( 710 - 6) - 600}/ 600 x 100
ROI = 104/600 x 100
ROI= 0.173333 x 100
ROI=17.33%
Answer:
It factors GDP in relation to the country's population
Explanation:
The second option "It cannot be used to identify the country's economic expansion or contraction" is incorrect because GDP can be used to tell if the economy of a nation is healthy or if it is heading into recession. Also, GDP cannot tell you the profit of corporate oversea operations, neither can it tell you the profit earned by foreign companies operating within the country, it can only tell the value of all products and services that were produced in a country within a period. However, GDP per capita is a measure of the gross domestic product against the population of the country, and hence the correct option is that It factors GDP in relation to the country's population.
Answer:
The correct answer is Option D.
Explanation:
Common stock is a share issued by a company to the public. The public enjoy dividend on their common stock when the company pays dividends.
Based on the question, the par value of the common stock is 25,000 shares x $1.00 = $25,000 while the total cash collected by the company would be 25,000 shares x $2.85 = $71,250 and the appropriate entries will be:
Debit Cash $71,250
Credit Additional Paid in Capital $46,250
Credit Common Stock $25,000
<em>(Issuance of common stock)</em>
