Answer:
The main reason the New York Federal Reserve Bank President is always on the FOMC is due to the importance of the New York Federal Reserve Bank
Explanation:
The body of the Federal Reserve System responsible for making monetary policy is the Federal Open Market Committee, FOMC
The Fed's monetary policy are executed primarily through the New York Fed and the other Federal Reserve Banks. The New York Fed does this mainly through Permanent Open Market Operations, providing lending facilities, and performing quantitative easing so as to ensure that the Fed unemployment, inflation, and interest rates policy targets are archived
The New York Fed is the primary agent through which the Fed intervenes in foreign exchange markets. The New York Fed also carries out all Fed open market transactions, and therefore is about the most important bank in the FOMC
The New York Federal is also the only one of the Federal Reserve banks that is a member of the Bank of International Settlement, provide gold storage for other foreign central banks and a good number of the largest banks in the United States are located in the New York Federal Reserve district, as
The main reason the New York Federal Reserve Bank President is always on the FOMC is therefore due to its uniqueness and the special responsibilities, functions and capacities of the New York Federal Reserve Bank
Answer:
which of the following is not considered a credit?
overdraft fee
Explanation:
Answer: $3,175,000
Explanation:
Sales in dollars needed to produce the target income is calculated by the formula:
= (Fixed assets + Target pretax income) / Contribution margin per unit * Selling price
Contribution margin per unit = Contribution margin / Units sold
= 606,000 / 10,100
= 60 units sold
Sales in dollars needed are:
= (468,000 + 167,000) /60 * 300
= $3,175,000
Answer:
The correct answer is D
Explanation:
The formula to compute the EBIT (Earnings before Interest and Tax) is as:
EBIT (Earnings before Interest and Tax) = Revenue - Provision for income tax - amortization and depreciation - Interest expense - income from continuing operation
where
Revenue is $2,462
Depreciation and amortization is $216
Provision for income tax is $40
Income from continuing operation is $53
Interest expense is $230
Putting the values above:
EBIT = $2,462 - $216 - $230 - $53 - $40
EBIT = $1,923
Answer:
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