All <u>national banks</u> become part of the federal reserve system.
<h3>What is federal reserve system?</h3>
Federal reserve system is a financial institution that is in charge of regulating and controlling money in circulation so as create a stable economy that will help to prevent of financial crisis.
National banks are also known as commercial bank and this commercial banks are under central bank supervision.
Therefore all <u>national banks</u> become part of the federal reserve system
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See there are pros and cons if you answer on the first ring people will think your always depentent on your phone and always have it with you
After the fourth ring people will just hang up and think you wont answer
If you never answer then people will just never call you
So the second ring is the best choice
Answer:
Given:
Sales budget = 5,900 units
Variable selling and administrative expense = $11.20 per unit
Fixed selling and administrative expense = $131,570 per month
Depreciation = $16,520 per month
Therefore, we'll compute cash disbursements for selling and administrative expenses using the following formula:
<em>Cash disbursements = Variable selling and administrative expense × Sales budget + Fixed selling and administrative expense - Depreciation</em>
Cash disbursements = $11.20 × 5,900 + $131,570 - $16,520
<u><em>Cash disbursements = $181,130</em></u>
Answer:
The optimal usage of fabric = 2
Explanation:
Given the quantity, Q = 10 + 4F - (1/3) F^3
Selling price = $20
Profit = TR - TC
There is no variable cost and let the fixed cost is constant G.
Profit = PQ - G
Profit = 20(10 + 4F − (1/3)F^3)) - G = 0
Now take the first order derivative:
d(profit) / dF = 0
20(4 - F^2) = 0
F = 2
Therefore the optimal usage of fabric = 2
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