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Montano1993 [528]
2 years ago
13

Define federal reserve system.​

Business
2 answers:
Angelina_Jolie [31]2 years ago
8 0

Answer:

this is the federal banking system of USA

Viefleur [7K]2 years ago
7 0
The Federal Reserve System, often referred to as the Federal Reserve or simply "the Fed," is the central bank of the United States. It was created by the Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system.Nov 3, 2016
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What type of Businesses has limited liability ?
anyanavicka [17]

Answer:

LLC, a limited liability company

Explanation:

7 0
3 years ago
Determine the inventory cost using the (a) first-in, first-out (FIFO) method; (b) last-in, first-out (LIFO) method; and (c) weig
masha68 [24]

Answer:

(a) Cost of inventory sold using FIFO method = $179,280

(b) Cost of inventory sold using LIFO method = $188,700

(c) Cost of inventory sold using weighted average cost method = $186,000

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question. See the attached pdf file for the complete question.

The explanation of the answers is now provided as follows:

Units of inventory sold = Units available for sale - Ending physical inventory units = 45 – 14 = 31

(a) first-in, first-out (FIFO) method

Under FIFO, inventory purchased first is sold first. Therefore, we have:

Cost of inventory sold using FIFO = 12 units at $5,400 each from Jan. 1 + 18 units at $6,000 each from Aug. 7 Purchase + 1 unit at $6,480 from Dec. 11 Purchase = (12 * $5,400) + (18 * $6,000) + (1 * $6,480) = $64,800 + $108,000 + $6,480 = $179,280

(b) last-in, first-out (LIFO) method

Under LIFO, inventory purchased last is sold first. Therefore, we have:

Cost of inventory sold using LIFO = 15 unit at $6,480 each from Dec. 11 Purchase + 16 units at $6,000 each from Aug. 7 Purchase = (15 * $6,480) + (16 * $6,000) = $97,200 + $96,000 = $188,700

(c) weighted average cost method (round per-unit cost to two decimal places and your final answer to the nearest whole dollar).

Under the weighted average cost method, the cost of goods available for sale is divided by the number of units available for sale to obtain average cost per unit. This is then used to multiply the total units sold to obtain the cost of inventory sold as follows:

Weighted average cost per unit = Cost of goods available for sale / Units available for sale = $270,000 / 45 = $6,000

Cost of inventory sold using weighted average cost method = Units of inventory sold * Weighted average cost per unit = 31 * $6,000 = $186,000

Download pdf
6 0
3 years ago
Find the amount of interest earned by a deposit of $2450 for 6.5 years at 5.25% compounded
Serggg [28]

Answer:

$3443.86

Explanation:

a=p(1+r/n)^nt

a=2450(1+.0525/12)^12*6.5

3443.86

4 0
3 years ago
Schager Company purchased a computer system at a cost of $40,000. The estimated useful life is 10 years, and the estimated resid
Elodia [21]

Answer:

The correct answer is B: $5,600

Explanation:

Giving the following information:

Schager Company purchased a computer system for $40,000. The estimated useful life is 10 years, and the estimated residual value is $5,000.

Double-declining balance method= Netbook value* (2/useful life in years)

Year 1:

Double-declining balance method= (40000-5000)*(2/10)= $7000

Year 2:

Double-declining balance method= (35000-7000)*0.20= $5,600

7 0
3 years ago
Which of the following is included in a standard MLA-style bibliographic entry for an interview conducted by a researcher?
Oksana_A [137]
All of the answers are correct, for the bibliographic entry you need their name, date, and the type of interview conducted. 
5 0
3 years ago
Read 2 more answers
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