Commercial banks may borrow reserves from each other in the
A. reserves market.
B. stock market.
C. bank market.
D. federal funds market.
Answer: D
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When creating visuals for massive data sets, complex quantities, or dynamic data, use
A) flowcharts. B) infographics. C) data visualization. D) line and surface charts. E) tables.
Arabica Manufacturing uses a predetermined overhead allocation rate based on the number of machine hours. At the beginning of the year, it estimated total manufacturing overhead costs to be $1,050,000, total number of direct labor hours to be 4000, and total number of machine hours to be 20,000 hours. What was the predetermined overhead allocation rate? (Round your answer to the nearest cent.)
A) $262.50 per machine hour B) $43.75 per direct labor hour C) $52.50 per machine hour D) $65.63 per direct labor hour
If the cost of an item of inventory is $50 and the current replacement cost is $57, the amount included in inventory according to the lower of cost or market is
A) $7 B) $50 C) $57 D) $107
The effectiveness and efficiency of promotional strategies for a particular product or product line are often tracked on the basis of price fluctuations.
Answer the following statement true (T) or false (F)