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lina2011 [118]
2 years ago
6

The main function of the federal reserve system is to.

Business
1 answer:
Anettt [7]2 years ago
7 0
Supervising and regulating banks and other important financial institutions to ensure the safety of banking. It also protects the the credit of the consumers.
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The following data pertains to activity and maintenance costs for two recent years:
Aleksandr-060686 [28]

Answer:

Y= 6000 + 0.75X

Explanation:

High and low cost technique

Using the a high and low technique, total cost can be analysed and separated into fixed and variable portion. This analysis helps in the forecast of cost and therefore important for the preparation of budget.

<em>Variable cost of maintenance</em>

= (Cost at high activity - Cost at low activity)/ (high activity - low activity)

VC per act. = ( $15000 - $12000)/(12,000-8000)

                   = $0.75 per activity

<em>Fixed cost of maintenance</em>

= Total cost at high activity - (VC per act × high activity)

=  $15,000 - ( $0.75 ×  12,000)

=   $6,000

The cost formula will be:

Y= 6000 + 0.75X

Where Y = maintenance cost, X= level of activity

6 0
2 years ago
Taylor Systems has just issued preferred stock. The stock has a 10​% annual dividend and a $ 110 par value and was sold at ​$119
shutvik [7]
Cost of preferred stock Taylor Systems has just issued preferred stock. The stock has a 12 % annual dividend and a $100 par value and was sold at $97.50 per shar
4 0
3 years ago
One of your employees mentions to you that there is an active grapevine in your organization. Which of the following assumptions
astraxan [27]

Answer:

c. develop a relationship with the person at the center of the grapevine so you can quickly spread and receive information throughout the organization

d. paying attention to what is said on the grapevine will give you a good serve of what employees are really thinking and feeling about the company.

Explanation:

  • Grape wine is a rumor and informal channel of communication that spread throughout the organization in all directions irrespective of the authorities and develops due to various reasons.
  • In order to manage this grape wine within the organization, the leaders may need o to defend the boundaries of grapevines and avoid the spread of rumors.
7 0
3 years ago
Rick deposited $3,100 into an account 13 years ago for an emergency fund. Today, that account is worth $5,280. What annual rate
trasher [3.6K]

Answer:

4.18%

Explanation:

The formula for used for this calculation is given as

Future value = Present( Initial) value  (1 + r)ⁿ

Where n = number of years of the investment = 13 years

Future value  (Amount of the investment after 13 years)= $5,280

Present ( Initial) value (Amount of the investment before 13 years) =  $3,100

r = rate of return

The formula for r is derived as:

r = (Future value/ Present (initial) value)¹/ⁿ- 1

r = ($5,280/$3,100)¹/¹³ - 1

r = 1.0418139573 - 1

r = 0.0418139573

r is always in percentage format

r = 0.0418139573 × 100

r= 4.18139573%

Approximately, the rate of return annually for 13 years  = 4.18%

8 0
3 years ago
Which is the new crime created by Sarbanes-Oxley? a. mail fraud b. obstruction of justice c. certification of false financial st
meriva

Answer:

The correct answer is letter "C": certification of false financial statements.

Explanation:

The Sarbanes-Oxley Act (SOX) is a statute that aims to increase corporate governance and enhance internal control of companies. SOX's primary purpose is to protect stakeholders from false corporate financial statement representations. Investors must know that the financial information on which they rely is accurate and that their accuracy has been checked by an independent third party.

<em>Altering, destroying, covering-up or falsifying information in the financial statements of a firm is considered a crime since the SOX implementation with a maximum sentence of 20 years.</em>

3 0
3 years ago
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