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3 years ago

How does the federal reserve keep the value of money fairly constant?

1 answer:

3 0

The value of money is mainly tied to the inflation rate prevalent at that time. The federal reserve's job is to prevent disinflation and maintain inflation at a moderate rate (2-3%). They are able to accomplish this through monetary policies such as controlling the LIBOR rate which affects short term interest rates between banks, which in turn should affect short-term interest rates everywhere. They also accomplish this by buying and selling bonds in the open market to increase and decrease the money supply in order to spur the economy or slow down the economy.

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Kluber, Inc. had net income of $917,000 based on variable costing. Beginning and ending inventories were 56,700 units and 55,400

Nana76 [90]

Answer:

The answer is " $\$235,410$ ".

Explanation:

Variable cost net income $=\$917,000$

Less: Fixed overhead start $56,700\times \$2.10=\$119,070$

Add: Fixed overhead termination $55,400\times $2.10=\$11,6340$

Net revenue at cost of absorption $=\$235,410$

3 0

3 years ago

Elise's health insurance policy has a deductible of $500, a $20 copayment on doctor visits, and coinsurance of 10% on all expens

jeyben [28]

Answer:

The correct option is (c).

With the higher deductible, she would have spent at least $300 more than she paid with her actual policy

Explanation:

For her actual policy total expenses;

Deductible =$500

Copayment doctor visit= $20

Coinsurance of 10%= 10/100 ×500=$50

Doctor visit= $40 × 4= $160

Surgery= $3000

Total expenses= $3730

With the higher deductible expenses;

Deductible= $1000

Copayment doctor visit= $10

Doctor visit= $40×4= $160

Surgery= $3000

Total expenses= $4170

Difference in expenses= $4170-$3730= $440

Therefore option (c) is the right option.

With the higher deductible, she would have spent at least $300 more than she paid with her actual policy

3 0

3 years ago

You have been asked to review the December 31, 2021, balance sheet for Champion Cleaning. After completing your review, you list

yarga [219]

Answer:

Champion Cleaning

Appropriate Classifications:

Long-term assets:

Investment of $30,000

Current liabilities:

Short-term note payable $10,000

Short-term deferred revenue $40,000

Long-term liabilities:

Long-term note payable $90,000

Long-term deferred revenue $20,000

Explanation:

a) Data and Analysis:

Investment of $30,000 = long-term asset

Note payable:

Short-term note payable = $10,000 ($100,000/10)

Long-term note payable = $90,000 ($100,000/10 * 9)

Deferred Revenue:

Short-term deferred revenue = $40,000 ($60,000 * 2/3)

Long-term deferred revenue = $20,000 ($60,000 * 1/3)

5 0

3 years ago

Which of the following statements is true of financial accountants

I am Lyosha [343]

What are the statements to the question?

8 0

3 years ago

Beech Soda, Inc. uses a perpetual inventory system. The company's beginning inventory of a particular product and its purchases

bagirrra123 [75]

Answer:

the cost of goods sold to be recorded at January 14 is: $230 .

Explanation:

LIFO (Last in First out) method, assumes that the last goods purchased are the first ones to be issued to the final customer.

This means that valuation of inventory will begin using the value of the earliest goods purchased.

The Cost of goods sold is calculated as follows :

Cost of goods sold : 9 units × $14 = $126

13 units × $8 = $104

Total = $230

8 0

3 years ago

Read 2 more answers