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Greeley [361]
3 years ago
9

Econ Questions : 1. How do member banks of the Federal Reserve differ from other depository institutions? They participate in th

e Federal Open Market Committee. /They receive services from the regional Federal Reserve Bank. /They are stockholders in their regional Federal Reserve Bank./ They are subject to the banking regulations issued by the Federal Reserve. 2. Which is an example of the deregulation of a government-regulated natural monopoly?
A new law allows consumers to choose between electricity providers. / A new law funds an off-shore wind-power initiative./ A new law regulates the number of service interruptions a utility can have. / A new law requires underground wires in all high-wind areas.
Business
1 answer:
Diano4ka-milaya [45]3 years ago
4 0
1. They participate in the Federal Open Market Committee.
2. A new law allows consumers to choose between electricity providers.
You might be interested in
Boxes of​ Honey-Nut Oatmeal are produced to contain 14.0 ​ounces, with a standard deviation of 0.15 ounce. For a sample size of
raketka [301]

Answer:

UCL 14.08oz

LCL 13.93oz

Explanation:

´x=σ/√n

0.15/36 =0.15/6=0.025

´x= =14oz

UCL=´x+z σ´x

UCL=´x−z σ´x

UCL= 14 +3σ´x=14 +3(0.025)

=14+0.075

UCL=14.075oz approximately 14.08oz

LCL= 14 -3σ´x=14 -3(0.025)

=14- 0.075

LCL=13.925oz approximately 13.93oz

4 0
4 years ago
Who is the First african american millionaire invented black hair care products?
Shalnov [3]

Answer: Madam C. J Walker

Explanation: Madam C.J Walker was an entrepreneur, who made her fortune from the manufacture of hair care product for blacks through her company named Madam C. J Walker manufacturing company situated in Indianapolis, Indiana. She was regarded as the first African American millionaire, earning her fortune through her entrepreneurial skill. She's fondly renowned for her philanthropic accomplishments and contribution towards the African American community.

6 0
3 years ago
Able sells and delivers a piece of equipment to Smythe for​ $2,000 on August 1 and the equipment cost​ $1,300. The sale is a cre
guapka [62]

Answer:

Debit entry - Accounts Receivables - $2,000

Credit entry - Sales - $2000

Explanation:

Due to the fact that it is a credit sale, it means that the cash would be obtained at a future date in time. Hence, until then, Mr Smythe is indebted to Able as he is a debtor. Once he pays what he owes to Able and the cash has been received, Accounts receivables would be credited with $2000 and cash would be debited with $2000.

7 0
3 years ago
On July 1, 2022, Sandhill Co. pays $22,000 to Cullumber Company for a 2-year insurance contract. Both companies have fiscal year
drek231 [11]

Answer:

Dr Prepaid insurance 22,000

Cr cash 22,000

Dr Insurance expense 5,500

Cr Prepaid insurance 5,500

Explanation:

Preparation of Journal entries

Based on the information given we were told that Sandhill Company pays the amount of $22,000 to another company which is Cullumber Company for a 2-year insurance contract in which Both the companies have fiscal years that is ending December 31 which means that the Journal entry will be recorded as:

Dr Prepaid insurance 22,000

Cr cash 22,000

Dr Insurance expense 5,500

Cr Prepaid insurance 5,500

[(22,000*6/12)/2]

8 0
4 years ago
Nelter Corporation, which has only one product, has provided the following data concerning its most recent month of operations:S
Gnesinka [82]

Answer:

<em>Part a</em>

Nelter Corporation

<u>Contribution format income statement for the month using variable costing</u>

Sales ($ 122 x 6,590)                                                           $803,980

Less Cost of Goods Sold

Beginning Inventory                                          $20,300

Add Cost of Goods Manufactured                 $462,000

Less Ending Inventory                                      ($21,000)    ($461,300)

Contribution                                                                           $342,680

Less Expenses

Selling and administrative expense :

Variable  ($21 x 6,590)                                    $138,390

Fixed                                                                   $46,130

Fixed manufacturing overhead                      $ 151,800     ($336,320)

Net Income (Loss)                                                                      $6,360

<em>Part b</em>

Nelter Corporation

<u>Income statement for the month using absorption costing</u>

Sales ($ 122 x 6,590)                                                           $803,980

Less Cost of Goods Sold

Beginning Inventory                                          $26,970

Add Cost of Goods Manufactured                  $613,800

Less Ending Inventory                                     ($27,900)    ($612,870)

Gross Profit                                                                              $191,110

Less Expenses

Selling and administrative expense :

Variable  ($21 x 6,590)                                    $138,390

Fixed                                                                   $46,130    ($184,520)

Net Income (Loss)                                                                    $6,590

<u></u>

Explanation:

<u>Variable Costing Calculations</u>

Unit Product Cost = Variable Manufacturing Costs

                              = $ 42 + $ 26 + $ 2

                              = $ 70

Cost of Goods Manufactured = 6,600 x $ 70 = $462,000

Opening Inventory = 290 x $ 70 = $20,300

Ending Inventory =  300 x $70 = $21,000

<u>Absorption Costing Calculations</u>

Unit Product Cost = Variable Manufacturing Costs

                              = $ 42 + $ 26 + $ 2 + ($ 151,800 ÷ 6,600)

                              = $ 42 + $ 26 + $ 2 + $23

                              = $93

Cost of Goods Manufactured = 6,600 x $93 = $613,800

Opening Inventory = 290 x $93 = $26,970

Ending Inventory =  300 x $93 = $27,900

<u></u>

4 0
3 years ago
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