Answer:
A. the seven members of the Board of Governors plus five of the twelve Federal Reserve Bank presidents.
Explanation:
The Federal Reserve Bank commonly known as "The Fed" is the central bank of the United States of America.
The Federal Open Market Committee under the Federal Reserve Bank is comprised of the seven members of the Board of Governors plus five of the twelve Federal Reserve Bank presidents.
The Federal Reserve System (the 'Fed) was created by the Federal Reserve Act, passed by Congress in 1913. The Fed began operations in 1914. It was founded by President Woodrow Wilson under the Federal Reserve Act, which was aimed at backing each banks in order to put a definitive end to the bank panics of the 1800s.
Like all central banks, the Federal Reserve is a government agency that is saddled with the following responsibilities;
- Controlling the issuance of currency in United States of America (it promotes public goals such as economic growth, low inflation, and the smooth operation of financial markets).
- Providing banking services to all the commercial banks in the country (the Federal Reserve is the "lender of last resort).
- Regulating banking activities (it has the power to supervise and regulate banks).
On january 1, 2017, finch company issued $89,000 of five-year, 8% bonds when the market interest rate was 12%. the issue price of the bonds was $73,000. finch uses the effective-interest method of amortization for bond discount. semiannual interest payments are made on june 30 and december 31 of each year. how much interest expense will be recorded when the first interest payment is made? (round your answer to the nearest dollar number.)
Answer:
$4,380
Explanation:
The calculation of the interest expense recorded in the first year is given below:
= Issued price of the bond × market interest rate ÷ semi annual period
= $73,000 × 12% ÷ 2
= $73,000 × 6%
= $4,380
Therefore, the interest expense would be recorded when the interest payment is made is $4,380
We simply used the above formula
A document you are working on is ready for declassification. You have checked with the OCA responsible and the declassification date has not changed. How will the banner markings on the document change?
Answer:
All banner markings will be lined through. The document will be marked DECLASSIFIED at top and bottom
Explanation:
In the declassification process documents that used to be classified as secret stop being so and are made available to the public. In this process, the banner markings on the document will be lined through and the document itself will be marked as DECLASSIFIED at the top and bottom of the page. Thus stating that it was previously a CLASSIFIED document that is freely available.
All of the following statements regarding technical analysis are correct except A) technical analysts use terms such as trendline, support, and resistance in analyzing stocks. B) technical analysts rely on charts to predict the future prices of stocks. C) technical analysts rely heavily on financial ratios in their analysis of stocks. D) technical analysts attempt to predict the future movement of stock prices based on past trends.
Answer:
C
Explanation:
Technical analysis is a trading tool used to evaluate investment and trading opportunities by gathering and analyzing trends from trading activities , thereby it is able to predict future prices of stocks based on past trends.
The analyst does not rely on financial ratios in the analysis of stocks as financial ratio is mostly used by fundamental analyst in financial performance evaluation and not by technical analysts in predicting changes in stock movements
Rondelle, the manager of a busy hair salon, knows that she needs to entrust many of her tasks to supervisors and other employees. _____ is this process of assigning tasks to lower-level supervisors and employees. Rondelle follows the 70 percent rule, which states that she should assign tasks to employees who can perform each task at least 70 percent as well as Rondelle can. Multiple Choice Delegation Span of control Handing Accountability Outputting
Answer: Delegation
Explanation: Delegation in the context above may simply be explained as the process whereby there is a shift in the responsibility of one person to another who will function as a deputy. When an individual usually a superior, who is the actual overseer of a certain process or routine entrusts or handover to another person due to one reason or the other such as tight scheduling or shortage of personnel. In most cases the new handler is usually a lower ranking official in the task such as in the scenario above and as such, the expected rate of output is slightly reduced.
Assume the following sales data for a company:
Current year $325,000
Preceding year 250,000
What is the percentage increase in sales from the preceding year to the current year?
a. 70%
b. 30%
c. 50%
d. 76.9%
Answer:
b. 30%
Explanation:
The computation of the percentage increased in sales from the previous year to the current year is shown below:
= (Current year Sale - Preceding year Sale) ÷ (Preceding year Sale )
= ($325,000 - $250,000) ÷ ($250,000)
= ($75,000) ÷ ($250,000)
= 30%
Hence, the correct option is b. 30%
We simply applied the above formula to determine the percentage increased in sales
The percentage that increased in sales from the preceding year to the current year is 30%. The correct option is b.
The computation of the percentage increased in sales from the previous year to the current year is shown below:
=(Current year Sale - Preceding year Sale) (Preceding year Sale)
=($325,000-$250,000)÷ ($250,000)
=($75,000)÷ ($250,000)
=30%
A sale is a transaction that involves the exchange of services or goods for a specific sum of money. In other terms, a sale is any activity that involves transferring ownership of a good or commodity to the buyer in exchange for a monetary price.
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Chad runs a coffee shop that has annual revenues of $300,000, supply costs of $60,000, and employee salaries of $60,000. He has the option of renting out the coffee shop for $80,000 per year, and he has three outside offers from competitors to work as a senior barista at Starbucks (for an annual salary of $30,000), at Simon's coffee house (for an annual salary of $40,000), and at Peet's coffee shop (for an annual salary of $60,000). He can only hold one job at a time. What should Chad do?
Answer:
Explanation:
Option 1
Revenue from coffee -300,000
Cost of sales - 60,000
Salaries - 60,000
Net income 180,000
Option 2
Rental income - 80,000
Option 3
Rental income - 80,000
Salary at Starbuck- 30,000
110,000
Option 4
rental income 80,000
Salary at Simon 40,000
120,000
Option 5
Rental income 80,000
salary at Peet 60,000
140,000
Looking at all the options before Chad , his highest income compared to others options would come form running his own coffee shop,which is 180,000 . Therefore , it is advised that he should continue to run his own shop.
"An investor has a portfolio of diversified blue chip stocks with a current market value of $350,000. The portfolio has a computed beta factor of 1.8. The customer wants to protect the portfolio from a declining market with the use of OEX contracts. The OEX closed this day at 350. To hedge with "at the money" contracts, the customer should:"
Answer: Buy 18 contracts
Explanation:
Hedging against the risk involved in an investment means the use of market strategies or financial instruments to offset risk.
When there is a drop in the market value, any loss that is incurred on the portfolio will have to be offset by the long puts gain. This implies that 10 put contracts will have to be required for hedging. This is calculated as:
= $350,000/(350 × 100)
= $350,000/35,000
= 10 contracts
Since the portfolio has a computed beta factor of 1.8, we then multiply 10 by 1.8. This will be:
= 10 × 1.8
= 18 contracts.
EarthShapers Inc., a manufacturer of heavy construction equipments based in U.S.A., maintains large sales and support operations overseas. Before sending new employees to its operations in Japan, it requires the employees to take courses in Japanese history and culture so that they can adjust more easily to living in Japan. This training focuses on the _____ component of international competence training.
Answer:
Cognitive.
Explanation:
In this scenario, EarthShapers Inc., a manufacturer of heavy construction equipments based in U.S.A., maintains large sales and support operations overseas. Before sending new employees to its operations in Japan, it requires the employees to take courses in Japanese history and culture so that they can adjust more easily to living in Japan. This training focuses on the cognitive component of international competence training.
Originally, filters for Mr. Coffee electric-drip coffeemakers were sold through appliance and mass merchandise stores. If the company decided to sell the filters in grocery stores where customers purchased their coffee, what type of intermediaries would the company most likely hire
Answer: Food brokers
Explanation: Food brokers may also be regarded as a type of sales agent who negotiates product sales from manufacturers and sells to consumers including wholesale resselllers, retailers chain or independent suppliers. However, in the case of food brokers, they own their businesses and have pool of clients. When Producers sell though food brokers, they do not have to start sourcing for markets as this is handled by the food brokers who works with both the producer and the wholesale outlets thereby eliminating the need for producers to start sourcing for market to see their products.
The owner of a property creates a deed, leaving the name of the grantee blank, and puts it in a drawer, where it is forgotten for several years. One day, a visitor finds the deed, fills in his name as grantee, and attempts to record it. However, the owner will probably have no trouble disputing the validity of the deed because
Answer is given below
Explanation:
The owner will probably have no trouble disputing the validity of the deed because the person listed as Granny allows the deed to be kept legally when it is filed, as well as the physical deed is clearly greedy, there is no way to dispute it unless the property owner has provided proof that the visitor has given his or her grading permission.Sweet Leaf Tea,a Texas-based maker of bottled iced tea,is a small but fast-growing firm that has gained a loyal following for its use of fresh,organic ingredients in its beverages.Although beverage industry experts recommended that Sweet Leaf replace the organic cane sugar and honey it uses with less costly high-fructose corn syrup,Sweet Leaf refused because of the company's mission to provide a high-quality,organic beverage to consumers.The 11-year-old company has 50 employees,and its products are available in 30% of the U.S.market.Sweet Leaf Tea recently received multimillion dollar investments which will enable the business to expand its national presence. Which of the following,if true,would most likely undermine the argument that Sweet Leaf Tea should implement a corporate-level strategy of vertical integration?A) Sweet Leaf Tea lacks the facilities or knowledge to produce the raw ingredients for its beverages.B) Market research suggests that Sweet Leaf Tea customers primarily purchase only one flavor of tea.C) Most loyal customers of Sweet Leaf Tea purchase the beverage at neighborhood convenience stores.D) Sweet Leaf Tea has decided to lower its prices by replacing cane sugar with corn syrup in some of its beverages.
Answer:
Correct Answer:
A) Sweet Leaf Tea lacks the facilities or knowledge to produce the raw ingredients for its beverages.
Explanation:
Vertical integration is a strategy whereby a company owns or controls its suppliers, distributors or retail locations which helps to control its product value and supply chain associated with the product it is selling.
Also, vertical integration benefits companies by allowing them to control process, reduce costs and improve efficiencies of the product. Since Sweet Leaf Tea Company lacks the facilities or knowledge to produce the raw ingredients for its beverages, it would definitely undermine its ambition.
Roberta is a real estate licensee representing the buyer. The buyer asks to see homes in a specific neighborhood. Roberta refuses to show any homes in that neighborhood to the buyer and tells the buyer, Nobody from your country lives in that neighborhood. Has Roberta violated any fair housing laws?
Answer:
Yes.
Explanation:
The fair housing law act is a law prohibits discrimination in the process of renting , buying or selling a house. This discrimination may be based on race , skin , color , sex , nationality ,or any other characteristic towards a protected group,
Declining the buyer the opportunity to inspects home in a particular neighborhood because nobody form his country lives in that area is an act that violates fair housing laws as the process seems to be biased towards a group of people from a particular country.
The primary result of a stock split or stock dividend is: Group of answer choices an increase in the number of common shares outstanding an increase in the common equity account an increase in the market value of common shares a decrease in the number of common shares outstanding an increase in the P/E ratio
Answer:
an increase in the number of common shares outstanding
Explanation:
A stock split is when a company increases the number of its shares outstanding.
for example if a company has 10 million shares outstanding at a price of $20, earning per share is $10 and dividend per share is $0.50. this company announces a 2 for 1 split :
the number of outstanding shares becomes 2 x 10 million = 20 million
stock price becomes = $40 / 2 =$20
earning per share = $10 / 2 = $5
dividend per share = $0.5 / 2 = $0.25
p/e before split = $40 / $10 = 4
P/E after split = $20 / $5 = 4
so stock per share, earning per share and dividend per share decreases. P / E remains unchanged
The following sequence shows four operations for a computer chip assembly process and the effective capacity of each. Step 1: 500 chips/hour Step 2: 250 chips/hour Step 3: 200 chips/hour Step 4: 550 chips/hour Suppose the utilization is 70 percent of effective capacity. What is the actual output of the process?
Answer:
The actual output of the process is 140 per hour
Explanation:
The Bottleneck step is the one which assemble minimum number of chips per hour . Step 3 produces minimum number of chips (200 chips per hour). Therefore step 3 is the bottleneck step.
Since the steps are interlinked in sequence, the capacity of the process will be determined by the capacity of the bottleneck process. Therefore, effective capacity of the process = 200 chips per hour
Since utilization is 70% of effective capacity , the actual output of the process = Utilization x Effective Capacity
= 0.7 x 200
= 140 per hour
Thus, the actual output of the process is 140 per hour
Seth is a manager at Click Systems. He leads a team of 20 employees, and Amanda is his least preferred coworker because he finds it difficult to cooperate with her. During an employee feedback session, Seth informs his boss that Amanda is unresponsive, insincere, lazy, and unfriendly. In this scenario, Seth has a _____ leadership style.
Answer:
task-oriented
Explanation:
Since in the question it is mentioned that the Seth who is a manager handling a team of 20 employees out of which Amanda is least coworker as it is very difficult to cooperate with her also she is insincere, lazy, etc
So, Seth has a task oriented leadership style as he leading a team of 20 employees whom he motivates, guides for accomplishing a task
PIOs should A. request additional assistance through the National Public Information Support Network. B. seek media release approval from the Communication Unit Leader. C. compile a go kit to allow for lengthy deployments to a long-term incident. D. report to the Finance/Admin Section Chief when arriving at an incident.
Answer:
B. seek media release approval from the Communication Unit Leader.
Explanation:
A PIO (public information officer) is responsible for managing communications with the media, public and other agencies regarding information on incidents. Before media releases the PIO is to first obtain approval from the incident commander as well as limits on the information to the released. PIO are also responsible for interviews and briefings regarding briefings, manage media and public inquiries, monitor information being reported so as to ensure accuracy
Conversion costs include ________. A. direct labor and manufacturing overhead costs B. direct material and direct labor costs C. product and period costs D. direct material, direct labor, and manufacturing overhead costs
Answer:
A. direct labor and manufacturing overhead costs.
Explanation:
In Financial accounting, conversion costs comprises of all the costs associated with the conversion of raw materials into finished goods or products. These costs are usually calculated by the addition of direct labor and manufacturing overhead.
Hence, conversion costs include direct labor and manufacturing overhead costs.
What profit-oriented pricing method is often used because of the difficulty in establishing a benchmark of sales or investment to show how much of a firm's effort is needed to achieve the target
Answer:a
Explanation:
Explain the concept of an opportunity cost with an appropriate example
Answer:
Explanation:
Opportunity cost is an economics tool that is useful in the process of making a choice of goods and services in order to ensure that scarce resources are used efficiently.
The opportunity cost of a product or service is the name given to an income that could be earned when such product or service is put to an alternative use.
It can also be described as the cost of the alternative forgone to achieve a particular product or service
For an example , if a student decides to give up on watching a movie to study for his exam , the opportunity cost of the exam is the cost and pleasure related to the movie
The government decides to increase its expenditures by $350. The multiplier in this economy is 4 and the tax rate is 22 percent. The net effect of this expansionary fiscal policy is to: Group of answer choices
Answer:
Increase the budget shortage by $42
Explanation:
The government decides to increase expenditure by $350
The multiplier in the income is 4
The tax rate is 22%
= 22/100
= 0.22
The first step is to calculate the increase in income
= $350×4
= 1,400
The tax revenue which will be derived from the new income can be calculated as follows
= 0.22×1,400
= 308
Therefore, the net effect can be calculated as follows
Net effect= $350-$308
= $42
Hence the net effect of this expansionary fiscal policy is to make an increase in the budget shortage by $42
An arrangement where a property developed by the seller is sold to a buyer. The seller retains occupancy of the premises by signing a lease with the buyer. The seller, now the tenant, pays taxes, utilities, insurance and operating costs. This is called a ___________. This is a common practice for Walmart and Rite-Aide and many other businesses Group of answer choices sale rental agreement net lease investment lease-purchase option nome of the other answers
Answer:
B. net lease investment
Explanation:
The net lease investment is a type of commercial real estate arrangement where the tenant of a property is expected to pay rent along with either taxes, insurance, and maintenance. There are different types of net lease agreements. We have the;
1. Single net lease agreement where the tenant is expected to pay rent along with property taxes. The landlord pays for the operating costs of the property.
2. Double net lease agreements where the tenant, also known as lessor pays the rent, property taxes, and insurance. The landlord pays for the operating costs.
3. The triple net lease agreements where the tenant pays the rent, property insurance, and taxes, as well as the operating costs of maintenance.
Most businesses in the United States such as FedX, McDonald's, Walmart, and many others use this kind of real estate arrangement.
Executive pay at Ashance Inc., a manufacturing company, includes bonuses based on the year’s profits or other measures related to the organization’s goals. Sometimes, to gain tax advantages, the bonus is made part of executives’ retirement plans. Which of the following is being exemplified in this scenario?A. long-term incentivesB. balanced scorecardsC. piecework plansD. employee stock ownership plansE. short-term incentives
Answer:
Short-term incentive
Explanation:
The reason is that long term incentives are based on achiving goals that take more than a year and short term goals achievement duration is less than 12 months. This means that the profit maximization benefit is short term goal and the incentive on short term goal is short term incentive.
The company has gained the tax advantages by including the payment of the bonus in thier retirement plans which is an example of short term incentive.
In its first year of operations, Roma Company reports the following. Earned revenues of $57,000 ($49,000 cash received from customers). Incurred expenses of $31,500 ($24,450 cash paid toward them). Prepaid $9,750 cash for costs that will not be expensed until next year.Compute the company's first year net income under both thecash basis and the accrual basis of accounting.
Answer:
Computation of expenses under Cash basis
Particulars Amount$
Expenses paid $24,450
Add: Prepaid expenses paid $9,750
Total expenses paid $34,200
Computation of the Net Income
Particulars Cash basis Accrual basis
Revenue $49,000 $57,000
Less: Expenses $34,200 $24,450
Net Income $14,800 $32,550
Edwards Manufacturing Company purchases two component parts from three different suppliers. The suppliers have limited capacity, and no one supplier can meet all the company’s needs. In addition, the suppliers charge different prices for the components. Component price data (in price per unit) are as follows: Supplier Component 1 2 3 1 $10 $15 $14 2 $13 $12 $10 Each supplier has a limited capacity in terms of the total number of components it can supply. However, as long as Edwards provides sufficient advance orders, each supplier can devote its capacity to component 1, component 2, or any combination of the two components, if the total number of units ordered is within its capacity. Supplier capacities are as follows. Supplier 1 2 3 Capacity 1500 2500 2000 If the Edwards production plan for the next period includes 2,000 units of component 1 and 3,000 units of component 2, what purchases do you recommend
Answer:
Purchase 1,500 units of component 1 from supplier 1.
Purchase 2,000 units of component 2 from supplier 3.
Purchase 500 units of component 1 and 1,000 units of component 2 from supplier 2.
Total costs = $54,500
Explanation:
component 1 component 2
supplier 1 2 3 1 2 3
price $10 $15 $14 $13 $12 $10
capacity:
supplier 1 = 1,500
supplier 2 = 2,500
supplier 3 = 2,000
demand:
component 1 = 2,000component 2 = 3,000There are two ways to solve this, one using excel and the solver function or do it manually.
Manually, we must start with the supplier that has the lowest cost. In this case, the supplier with the lowest cost for component 1 is supplier 1 ($10) and component 2 is supplier 3 ($10).
We will start by purchasing 1,500 units of component 1 from supplier 1 at $15,000. That eliminates supplier 1's capacity, so we now only have suppliers 2 and 3. We still need 500 units of component 1 and 3,000 units of component 2.
We purchase 2,000 units of component 2 from supplier 3 at $20,000. This will consume all of supplier 3's capacity, so we only have supplier 2 left. We are still needing 500 units of component 1 and 1,000 units of component 2.
We will purchase the remaining units from supplier 3 at (500 x $15) + ($1,000 x $12) = $19,500.
Our total expense will be $54,500.
What are people with out a college education most likely to do
Arbitrageurs may be unable to exploit behavioral biases due to I) fundamental risk. II) implementation costs. III) model risk. IV) conservatism. V) regret avoidance.
Answer: I, II, and III
Explanation: Arbitrageur is one who engages in arbitrage ( a market activity in which security, commodity, currency, or other tradable item is bought in one market and sold simultaneously in another, in order to profit from the price differences between the markets), such as a financial broker, or an investment bank. Arbitrageurs may be unable to exploit behavioral biases due to fundamental risk, implementation costs, and model risk.
The reserve requirement is 10%. Suppose that the Fed $ worth of U.S. government securities a bond dealer, electronically the dealer's deposit account at Reliable Bank. Which of the following correctly describes the immediate effect of this transaction? A. The total reserves of Reliable Bank by $. B. The excess reserves of Reliable Bank by $. C. The required reserves of Reliable Bank by $. D. Reliable Bank
Answer:
D. The money supply decreases by $150,000.
Explanation:
Note: This question is not complete as some figures are omitted. The full question is therefore presented first before answering the question as follows:
The reserve requirement is 10%.
Suppose that the Fed sells $150,000 worth of U.S. government securities from a bond dealer, electronically debiting the dealer's deposit account at Reliable Bank.
Which of the following correctly describes the immediate effect of this transaction on the money supply?
A. The money supply decreases by $1,500,000
B. The money supply decreases by $135,000.
C. There is no change in the money supply.
D. The money supply decreases by $150,000.
E. None of the above.
The explanation to the answer is now provided as follows:
This is an example of Open market operations (OMO).
Open market operations (OMO) is a monetary policy strategy in which the central bank such as the Federal Reserve sells or purchases government securities in order to implement a particular monetary policy.
When the central bank sells government securities on the open market, it aims to reduce the money supply by the worth of the securities. This is called a contractionary monetary policy.
On the other hand, when the central bank purchases government securities on the open market, it aims to increase the money supply by the worh of the government securities. This is called an expansionary monetary policy.
From the question, the sale of $150,000 worth of U.S. government securities from a bond dealer is a contractionary monetary policy and it will reduce the money supply by exactly $150,000.
Therefore, the correct option is D. The money supply decreases by $150,000.
In terms of market efficiency, short selling most likely: Group of answer choices leads to excess volatility, which reduces market efficiency. has little effect on market efficiency because short sellers face the risk of unlimited losses. promotes market efficiency by making assets less likely to become overvalued.
Answer:
promotes market efficiency by making assets less likely to become overvalued.
Explanation:
Market efficiency can be defined as a measure of the degree to which prices in a market reflect all available and significant information at a specific period of time. A market is said to be efficient when all information has been incorporated into the prices of goods and services, and as such it is impossible to "beat" the market because there are no overvalued or undervalued stock.
In terms of market efficiency, short selling most likely promotes market efficiency by making assets less likely to become overvalued, because stocks are usually not allowed to be overpriced before selling them.
Clay buys an MP3 player for $200 and a pair of stereo speakers for $600 from a Discount City store, and downloads $300 worth of digital music from E-Music. To be enforceable, the contract that must be in writing is the purchase of
Answer:
the pair of stereo speakers
Explanation:
UCC rules and the Statute of Frauds state that any contract for the sale or lease of goods that are worth more than $500 should be in writing. The pair of speakers are worth $600, since they are worth more than $500, then any sales contract must be in writing.
"A customer contributed $20,000 to a variable annuity contract. The account value has grown over the years and the NAV is now $35,000. The customer is now age 60, and takes a lump-sum distribution of $20,000 to pay for expenses. Which statement is TRUE?"
Answer: C. $15,000 of the distribution is taxable and $5,000 is not taxable
Explanation:
The options to the question are:
A The entire $20,000 distribution is not taxable
B $5,000 of the distribution is taxable and $15,000 is not taxable
C $15,000 of the distribution is taxable and $5,000 is not taxable
D The entire $20,000 distribution is taxable
It should be noted that variable annuity contributions are typically not tax-deductible. Since the customer contributed $20,000 to a variable annuity contract and the account value has grown over the years and the NAV is now $35,000; when the customer takes a lump-sum distribution of $20,000. From the $20,000, $15,000 of the distribution is taxable and $5,000 is not taxable.
