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Ipatiy [6.2K]
3 years ago
12

The banking panic of 1907 and the resulting cash shortage led to the formation of the: A. Federal Reserve System.B. Comptroller

of the Currency.C. Gold standard for currency, and the establishment of gold repository at Fort Knox.D. FDIC.
Business
1 answer:
AlekseyPX3 years ago
5 0

The banking panic of 1907 and the resulting cash shortage led to the formation of the Comptroller of the Currency.

<u>Explanation:</u>

The Office of the Comptroller of the Currency (OCC), established by National Currency Act of 1863 serves to supervise, regulate and charter all national banks, thrift institutions and all the other federally licensed branches in US. The current Comptroller of the Currency is Joseph Otting.

The banking panic of 1907 has been a main motivation in creating the 3rd central banking system in 1907–1913. This was initiated by failed speculation that led to bankruptcy of 2 brokerage firms.

The public started to panic that the trust and banking industries were experiencing liquidity crunches and had the currencies only to meet short-term or immediate obligations. This caused bank runs and set off the financial panic of 1907 nationwide and it lasted for months.

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Lin Corporation has a single product whose selling price is $130 per unit and whose variable expense is $65 per unit. The compan
4vir4ik [10]

Answer:

1.- selling 530 units will achieve 2,300 operating profit

2.- sales for $82,100 will achieve 8,900 operating profit

Explanation:

sale price 130

variable 65

contribution margin 65

\frac{Fixed\:Cost + Target \: Profit }{Contribution \:Margin} = Units\: to\: Profit

(32150 + 2,300) /65 = 530 units

\frac{Fixed\:Cost}{Contribution \:Margin \:Ratio} = Sales\: To\: Profit

\frac{Contribution \: Margin}{Sales \: Revenue} = Contribution \: Margin \: Ratio

65/130 = 0.5

(32,150 + 8,900) / 0.5 = 82,100

4 0
3 years ago
______________ is when a product is included inside a TV show or movie. A. Product placement B. A commercial C. Promotion D. Ins
Bogdan [553]
I think its A product placement.. its when for example in a Tv show someone drinks coca cola, its so people see it and then they might buy it even though they dont know its hidden advertisement
7 0
3 years ago
The characteristics of ERP systems include all of the following except: Question 16 options: 1) Integrating the planning, manage
aleksandrvk [35]

Answer:

D Typically fitting an organiatins existing business processes  

Explanation:

ERP are business process management soft wares. It allows the organization to use a system of integrated application to automate and mange the back office work related to services, human resources and technology.

It utilizes centralized database for business processes to simplify the workflow and reduce the manual labor. Such software have dashboards where the users can have a look at the real-time data that is collected  from various business processes  to measure profitability and productivity. Odoo, SAP Business One, SAP ERP and Microsoft Dynamics are some ERP soft wares.

7 0
3 years ago
Dogs R Us has two product lines: collars and leashes. Income statement data forecasted for next year is as follows: COLLARS LEAS
Temka [501]

Answer: -$2,565

Explanation:

Operating Income with the Leashes line is $11,000.

If the Leashes line is dropped, the operating income would be:

= Sales of Collars - Variable expenses - Fixed expenses of Collars - Residual fixed expenses pf Leashes

= 210,000 - 135,000 - 56,000 - (38,000 - 27,435)

= $‭8,435

Change in Total income =  Income without Leashes - Income with LEASHES

= 8,435 - 11,000

= -$2,565

8 0
3 years ago
Debtors are always helped by inflation. Why?
Sav [38]
C, the money is worth less so they can pay back more
4 0
3 years ago
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