Answer:
he answer is they must be bank presidents from Federal Reserve Districts. The FOMC is a twelve member organization, seven of them are from the Board of Governors. The other five, as stated in the answer, are Reserve Bank Presidents. This organization is charged with the overall direction of all monetary policies.
Explanation:
Answer:
Step 1.
Dr. Account Receivables
Cr Fees Earned
Being correction of error of fees earned wrongly debited to fees earned account
Step 2.
Dr. Account Receivables
Cr Fees Earned
Being Fees Earned on account
Explanation:
The error must have had a double impact on the account. If an amount meant to be credited to revenue account (fees earned) was wrongly debited, then the net effect is twice the amount involved. It is basically removing two instead of adding two to the account which gives a shortfall of four.
Therefore the correction will be in 2 steps:
1. A reversal of the wrong entry
2. The Posting of the right entry
Therefore:
Step 1.
Dr. Account Receivables
Cr Fees Earned
Being correction of error of fees earned wrongly debited to fees earned account
Step 2.
Dr. Account Receivables
Cr Fees Earned
Being Fees Earned on account
Answer:
Operations.
Explanation:
A financial statement is a written report that quantitatively describes a firm's financial health. Under the financial statements is a cash-flow statement, which is used to record the cash inflow and cash equivalents leaving a business firm.
A cash flow statement, also known as the statement of cash flows, contains financial information about operating, financial and investing activities.
The activities that involve the production or purchase of merchandise and the sale of goods and services to customers, including expenditures related to administering the business, are classified as operating activities. All the net income or cash from all operational business activities of a company is recorded as operating activities.
Hence, operations is a function of business that focuses on ongoing activities at the business with a focus on running efficiently. Simply stated, operations has to do with all the day-to-day tasks, responsibilities and functions that are being performed for the successful and smooth running of a business.
Answer:
Your answer is: goal setting or strategic planning
Explanation:
Amazon's managers practiced the management function of goal setting or strategic planning when they aimed to become the top e-commerce retailer in the world. This involved setting a clear objective and developing a strategic plan. Goal setting helps establish specific targets, while strategic planning outlines the actions and resources required to reach those goals. By practicing these functions, Amazon's managers demonstrated their ability to set objectives and create a roadmap for success.
Answer:
A. $42.67
Explanation:
1. "Markup" is defined as the amount by which the selling price of an item is increased above its cost to the retailer. (Source: BusinessDictionary.com)
2. The formula for calculating markup is: markup = (selling price - cost) / cost. (Source: Investopedia)
3. To find the cost of an item to the retailer, we can use the formula: cost = selling price / (1 + markup). (Source: Khan Academy)
Now, let's work through the problem using these formulas:
1. First, we know that the original price of the hand-held music player was $66.00.
2. Next, we know that the item was marked up by 1/2 before it was placed on the sales floor. This means that the markup is 1/2, or 50%.
3. To find the cost of the item to the retailer, we can use the formula: cost = selling price / (1 + markup). In this case, the selling price is $66.00, and the markup is 50%, so:
cost = $66.00 / (1 + 0.5)
= $66.00 / 1.5
= $42.67