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3 years ago

1. The discount rate is the interest rate the Fed charges on loans of reserves to banks.

Business

1 answer:

krek1111 [17]3 years ago

7 0

Answer:

1. True.

2. True.

Explanation:

The Federal Reserve System ( popularly referred to as the 'Fed') was created by the Federal Reserve Act, passed by the U.S Congress on the 23rd of December, 1913. The Fed began operations in 1914 and just like all central banks, the Federal Reserve is a United States government agency.

Generally, it comprises of twelve (12) Federal Reserve Bank regionally across the United States of America.

1. The discount rate is the interest rate the Fed charges on loans of reserves to banks.

2. The federal funds rate is the interest rate banks charge for overnight loans of reserves to other banks.

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On December 31, Mercury Corporation has the following data available:

galben [10]

Answer:

37.25%

Explanation:

Average total common stockholders' equity:

= (Beginning common stockholders' equity + Ending common stockholders' equity) ÷ 2

= ($530,000 + $490,000) ÷ 2

= $510,000

Return on Equity = Net income ÷ Average total common stockholders' equity

= $190,000 ÷ $510,000

= 0.3725

= 37.25%

3 0

3 years ago

B. If 18,000 units are produced, what is the variable cost per unit?C. If 21,000 units are produced, what are the total variable

alexdok [17]

Answer:

Instructions are listed below.

Explanation:

<u>Looking on the internet I found the necessary information to solve this problem:</u>

Giving the following information:

Units= 16,000

Fixed Overhead= $5*16,000= 80,000

Direct material= 12

Direct labor= 9

Indirect material= 1 (part of overhead)

variable overhead= 2

B. Units= 18,000

Variable cost per unit= direct material + direct labor + variable overhead= 12 + 9 + (2+1)= 24

C. Units= 21,000

Total variable cost= unitary cost* number of units

TVC= 24*21,000= $504,000

D. Units= 11,000

TVC= 24*11,000= $264,000

E. Units= 19,000

Overhead= variable overhead + fixed overhead

Overhead= 3*19,000 + 80,000= $137,000

F. Units= 23,000

Total overhead= 3*23,000 + 80,000= $149,000

G. Units= 19,000

Unitary overhead= total overhead/ number of units

Unitary overhead= 3 + (80,000/19,000)= $7.21

H. Units= 25,000

Unitary overhead= 3 + (80,000/25,000)= $6.2

3 0

3 years ago

Examine the table comparing two individuals.

Jobisdone [24]

Answer:

1- selma

2- tobacco use

3- preexisting condition

Explanation:

I just took it on edge

4 0

3 years ago

While Steve is cleaning out his garage, he finds an old surfboard that he no longer needs. As he walks to the dumpster to throw

ki77a [65]

Answer:

$10

Explanation:

Steve achieved a producer surplus of $10, which is commensurate with the value of the 6-pack of beer he received from his neighbor. This means he practically sold the old surfboard for $10.

6 0

3 years ago

Jeremy earned $100,000 in salary and $6,000 in interest income during the year. Jeremy’s employer withheld $11,000 of federal in

Alenkinab [10]

Answer:

Answer is explained below.

Explanation:

Description Amount Computation

(1)Gross Income $106,000 $100,000 Salary+ $6000 Interest income

(2)For AGI Deductions 0

(3)Adjusted Gross Income $106,000 (1) - (2)

(4)Standard Deduction $18350 Head of Household

(5)Itemized deductions $7,000

(6)Greater of standard deduction ($18350) (5)<(4)

and itemized deductions

(7)Taxable Income $87650 (3) + (6)

(8)Income Tax liability $13,790 ($87,650 -$84,200)×24%+$12,962(See tax rate schedule for head of household)

(9)Child Tax credit ($2000)

(10)Tax withholding ($11000)

Income Tax liability $790 (8) + (9) + (10)

4 0

3 years ago

Read 2 more answers