Answer: True
Explanation:
The Federal Reserve requires that all banks with National charters become members of the Federal Reserve so that they may have a say in the way the Fed runs its operations. State banks are not required to join but can if they meet some requirements.
The Office of Comptroller of the Currency (OCC) continually supervises and examines national banks to ensure that they are engaged in best practices regarding their operations and treatment of customers.
Answer:
Income will increase by $84.
Explanation:
<u>The break-even point is the number of units required to cover the fixed costs. Net income is zero.</u>
First, we need to calculate the unitary variable cost:
Unitary variable cost= 120*0.3= $36
<u>Now, the unitary contribution margin:</u>
unitary contribution margin= 120 - 36
unitary contribution margin= $84
Income will increase by $84.
One of the main hinders of foreign investors on investing in the United States is that the U.S. is less stringent in regulating securities markets. This can be blamed on the rapid increase of trading volume competition which negates the market regulation.
Cost : 6400
900 + 1,350 = 2,250
2,250 + 500 = 2,750
2,750 + 1,350 = 4,100
4,100 + 2,800 = 6900
So there’s more than 6,400 dollars