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2 years ago

Classify each statement about the Federal Reserve System as either true or false.

Business

1 answer:

IceJOKER [234]2 years ago

8 0

Answer:

1. The Federal Reserve was established by the U.S. Constitution in the late 1700s

Classification: False

2. The national objectives of the Federal Reserve include promoting economic growth, full employment, stable prices, and moderate interest rates.

Classification: True

3. All Federal Reserve actions are subject to veto by the executive branch.

Classification: False

4. The Federal Reserve determines monetary policy in the United States.

Classification: True

5. The Federal Reserve was created by the Federal Reserve Act of 1913.

Classification: True

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GHB Corp. is a manufacturer of consumer goods. It intends to sell its products in Vietnam as it is looking to enter into Asian m

Gnom [1K]

Answer:

A) Indirect exporting

Explanation:

An indirect exporting strategy refers to selling to an intermediary business. The intermediary business is responsible for selling and distributing the product in their domestic market.

This is the easiest way of exporting since GHB will only be responsible for delivering the goods to the intermediary, and it will not need invest anything in the country. The intermediary assumes the risks of selling the goods directly to customers or using wholesale distributors.

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3 years ago

A business has a key person insurance policy. Who or what would be the beneficiary of the policy ? A. The children of the key pe

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Answer: the business

Explanation:

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3 years ago

Read 2 more answers

The Village of Seaside Pines prepared the following enterprise fund Trial Balance as of December 31, 2020, the last day of its f

tigry1 [53]

The total net position for Village of Seaside Pines is $10000.

The closing entries for December 31st be:

Debit Charge for Sales and services $550000

Debit Transfer in from General Fund $115000

Debit Non operating revenues $4000

Credit Cost of sales and services $492000

Credit Depreciation expense $45000

Credit Administrative and selling expense $47000

Credit Non operating expense $40000

Credit Net position $45000

The Net Position section of the December 31 balance sheet will be prepared thus:

Capital asset acquired = $705000

Less: Accumulated depreciation = $45000

Less: Revenue bonds = $625000

Net investment in capital = $35000

Therefore, the total net position will be:

= $45000 - $35000

= $10000

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2 years ago

justin corp. issues 10,000 shares of $1 par value common stock for $5 per share. the journal entry to record this transaction wi

enyata [817]

The record of the issuance of the stock is debit to cash for $50,000, credit to common stock for $10,000 and credit to excess of common stock of $40,000.

<h3>How to record journal entry for the following transactions?</h3>

A. Entries of the stock

1. Account(cash)

Cash=10,000 shares at $5 per share

Cash=10,000×5=$50,000

Cash to Debit=$50,000

Credit this account=$0

2. Account (common stock)

Common stock=10,000 shares at $1 per value common stock

Common stock=10,000×1=$10,000

Credit account=$10,000

Debit this account=$0

3. Account (Paid-in Capital in Excess of Par - Common Stock)

Paid in capital in excess of par-common stock=50,000-10,000=$40,000

Credit this account=$40,000

Debit this account=$0

This can be written as;

Account Debit ($) Credit ($)

Cash (10,000 shares×$5 price) 50,000

Common Stock (10,000 shares×$1 par) 10,000

Paid-in Capital in Excess of Par - Common Stock 40,000

The record of the issuance of the stock is debit to cash for $50,000, credit to common stock for $10,000 and credit to excess of common stock of $40,000.

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1 year ago

The following information is available for Department X for the month of August: Work in process, August 1: Materials $ 8,480 Co

Triss [41]

Answer:

a) $8.00

Explanation:

Beginning work in progress, conversion $15,900

Conversion costs incurred during period $26,500

Total costs to account for $42,400

Cost per equivalent unit for conversion = $42,400/5,300

= $8.00

Therefore, Department X's cost per equivalent unit for conversion costs using the weighted average method would be $8.00

5 0

3 years ago