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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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Pursley, Inc. owns 70 percent of Harry Corp. The consolidated income statement for a year reports $50,000 Noncontrolling Interes

jek_recluse [69]

Answer:

This $24,000 reflect under the financing activities

Explanation:

Basically there are three types of activities:

1. Operating activities: It includes those transactions which affect the working capital, and it records transactions of cash receipts and cash payments.

2. Investing activities: It records those activities which include purchase and sale of the fixed assets

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.

The dividend is paid $80,000 and owns 70 percent so the final amount would be = $80,000 × 70% = $56,000

So, the cash outflow would be = $80,000 - $56,000 = $24,000

This $24,000 reflect under the financing activities

7 0

3 years ago

What is the advantage of having only one inbox? a. You can take it with you wherever you go b. You never have to wonder if you a

horsena [70]

You never have to wonder if you are forgetting something

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3 years ago

Stanley's Bicycles store buys bicycles on average for $600 and sells them on average for $750. He pays a sales commission of 15%

Rudik [331]

Answer:

Stanley's Bicycles contribution margin is $7,500

Explanation:

<u>Stanley's Bicycles Contribution Margin Income Statement for the month of June</u>

Sales ($750 x 200) $150,000

Less Variable Costs :

Costs of Sales ($600 x 200) $120,000

Commissions ( $150,000 x 15 %) $22,500 ($142,500)

Contribution $7,500

Less Fixed Costs

Rent $1,400

Salaries $3,000 ($4,400)

Net Income $3,100

Conclusion

Contribution Margin is Sales less Variable Costs. Therefore, Stanley's Bicycles contribution margin is $7,500

3 0

3 years ago

____ cards contain a chip that can store a large amount of information as well as on a magnetic stripe for backward compatibilit

trasher [3.6K]

Answer:

(B)

Explanation:

Europay, Mastercard , Visa (EMV) is a payment method based upon technical standard for smart card payments or ATMs that accept them.

These are smart cards (also referred to as chip cards) that are capable of storing large amount of information and also include a magnetic stripe at the back for backward compatibility.

Smart cards can serve as credit or ATM cards, fuel cards, mobile phone SIMs etc. Smart card chip can be loaded with funds and can be used for paying parking meters, vending machines or merchants.

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3 years ago

Prior to setting pricing options for its products to maximize profit, a company must: a. determine whether it should use horizon

Free_Kalibri [48]

Answer: b. select appropriate corporate-level strategies

Explanation:

Prior to setting pricing options for its products to maximize profit, a company must select appropriate corporate-level strategies.

This is necessary in order to ensure that the strategies aligns with what the organization is willing to do in order to achieve its profit maximization goal.

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3 years ago