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inessss [21]
3 years ago
14

When the Fed is acting as fiscal agent for the Treasury, it will

Business
1 answer:
Mashcka [7]3 years ago
5 0

Answer:

b. receive and process bids for Treasury securities in preparation for the Treasury's auction of securities.

Explanation:

The Fed and their regional banks are authorized by the Federal Reserve Act of 1913 to act as fiscal agents if the Secretary of the Treasury requires them to do so. Theoretically, this shouldn't be a normal activity, it should only happen on demand of the Secretary of the Treasury.

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Kansas Company acquired a building valued at $150,000 for property tax purposes in exchange for 10,000 shares of its $5 par comm
Vinvika [58]

Answer:

$160000

Explanation:

Below is the calculation for the amount that should be recorded.

The actual value of  building = $150000

Number of shares = 10000 shares

The stock is traded at the price = $16 per shares

The Kansas company should record the amount of building = total share x Sell price

The Kansas company should record the amount of building = 10000 x 16

The Kansas company should record the amount of building = $160000 (fair market value or price of shares)

7 0
3 years ago
The manager of the Quick Stop Corner Convenience Store (which never closes) sells four cases of Stein beer each day. Order costs
horsena [70]

Answer:

At 12 cases the stein beer should reordered by him.

Explanation:

The reorder level is that level in which the company setup a new manufacturing unit so that they can fulfill the needs of the customers and attains the customer satisfaction as much as they can.

For computing the reorder level of the stein beer, the computation is shown below:

Reorder level = Daily unit sales ×elivery lead time

                       = 4 × 3 d

                       = 12 cases

The other cost like ordering cost, carrying cost or holding cost, per unit cost is irrelevant while computing the reorder point. Therefore, it is not considered in computation part.

Thus, the reorder level is 12 cases

Hence, at 12 cases the stein beer should reordered by him.

5 0
3 years ago
Sally is employed as a computer programmer for the Ellis Corporation. She has a savings account of $15,000 and owns a few shares
Bess [88]

Marx would maintain that Sally has experienced <u>false class consciousness</u>.

<u>Explanation</u>:

False class consciousness is the term used to describe the behavior of the employees who identify themselves as investors by mistake when they own few shares of stock or work as managers in large corporations. This term false class consciousness was used by famous sociologist Karl Marx.

In the above scenario, Sally was working for Ellis Corporation as a computer programmer. But she thinks herself as a stockholder as she holds few shares of Ellis stock and had $15,000 in her savings account.

5 0
3 years ago
Which of the following is NOT induded when calculating gross income?
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8 0
3 years ago
Which type of print shows all of the components of a mechanism put together in proper location?
VARVARA [1.3K]
Search on Google...........
8 0
3 years ago
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