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dmitriy555 [2]
3 years ago
13

In an article in the Wall Street Journal​, Kevin​ Brady, a member of Congress from​ Texas, stated,​ "To get Congress to pass the

Federal Reserve Act​ [in 1913, President​ Woodrow] Wilson had to retain the support of...northeastern lawmakers while convincing southern and western Democrats that legislation would not... create a​ [single] central bank.​ Wilson's ingenious solution was​ federalism." ​Source: Kevin​ Brady, "How the​ Fed's East Coast Title Warps Monetary​ Policy," Wall Street Journal​, June​ 4, 2015. When Congressman Brady stated that Woodrow Wilson used​ "federalism" to convince Congress to pass the Federal Reserve​ Act, he meant that A. Wilson created a Federal Reserve System composed of 12 district banks under the supervision of a board in Washington. B. Wilson deceived Congress because there is one central federal bank system. C. the Federal Reserve Act was a federal law. D. Wilson persuaded Congress that they had an obligation to create a single central bank.
Business
1 answer:
matrenka [14]3 years ago
5 0

Answer:

C. the Federal Reserve Act was a federal law.

Explanation:

In order to pass the Federal Reserve Act(FRA) President Wilson needed the support of the entire country. From the northeastern, southern to western lawmakers.

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use numerical method to calculate BEP of a wine company that sells a 1000 litres of wine per week at R12 per litre. They produce
Leto [7]

Answer:

BEP : 500 units

Profits : R2000

Explanation:

BEP or break-even point = fixed costs/ contribution margin per unit.

Fixed costs = R2000

Contribution margin per unit = selling price - variable costs

Contribution margin per unit = R12- R8 =R4

BEP = 2000/4

BEP = 500 units

profits will be the units sold after BEP x contribution margin

=1000-500

=500

profits will be

=500 x 4

=2000

8 0
3 years ago
At the beginning of the year, Uptown Athletic had an inventory of $640000. During the year, the company purchased goods costing
Nataly_w [17]

Answer:

Cost of Goods Sold = $1,700,000

Gross Proft = $1,740,000

Explanation:

We solve this assingemtn using the inventory identity:

$$Beginning Inventory + Purchase = Ending Inventory + COGS

We post the given and solve for the missing part:

640,000 + 2,020,000 = 960,000 + COGS

COGS = 640,000 + 2,020,000 - 960,000 = 1,700,000

Next we use the COGS value to calculate the gross profit.

Sales \: Revenues- \: COGS = \: Gross \: Profit

3,440,000 - 1,700,000 = 1,740,000

8 0
3 years ago
Winsted Co. purchased a bond on December 1 of the current year for $ 49 comma 000 and classified the investment as trading. The
Anettt [7]

Answer:

Net income = $3000

C. $ 3 comma 000

Explanation:

For a company, net income is the residual amount of earnings after all expenses have been deducted from sales. In short, gross income is an intermediate earnings figure before all expenses are included, and net income is the final amount of profit or loss after all expenses are included.

In this case.. There is only a buy and a sell trade.

Net income= selling price- cost price

Net income= $52000-$49000

Net income = $3000

4 0
3 years ago
Microsoft presently pays no dividend. You anticipate Microsoft will pay an annual dividend of $0.60 per share two years from tod
Scorpion4ik [409]

Answer:

The value of this stock today should be $6.22

Explanation:

The company will start paying dividends 2 years from today that is at t=2. The dividends received 2 years from today can be denoted as D2. The constant growth model of DDM will be used to calculate the price of this stock at t=2 as the growth rate in dividends is constant forever.

The price at t=2 will then be discounted back to its present value today to calculate the price of this stock today.

The price of this stock at t=2 will be,

P2 = D2 * (1+g) / (r - g)

P2 = 0.6 * (1+0.04)  /  (0.12 - 0.04)

P2 = $7.8

The value of this stock today should be,

P0 = 7.8 / (1+0.12)^2

P0 = $6.218 ROUNDED OFF TO $6.22

7 0
3 years ago
Read 2 more answers
__________-has four components, including _________-, which is the ability to connect to others, build positive relationships, r
34kurt

Answer:

The correct words for the blank spaces are: Emotional Intelligence; Relationship Management.

Explanation:

Emotional Intelligence refers to the ability individuals have to control their emotions in reference to the interactions they have with others. Emotional Intelligence has four (4) factors: <em>Self-Awareness, Self-Management, Social Awareness, </em>and <em>Relationship Management</em>.  

Relationship management involves getting along with others, handling conflict effectively, and using sensitivity to manage interactions successfully.

8 0
3 years ago
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