When a bank keeps $12 from a $100 deposit as legal reserves, it is using
a.
the federal reserve system.
c.
a legal reserve system.
b.
a fractional reserve system.
d.
a fractional deposit system.

the fed has defined different categories of money, m1 and m2, according to the money's
a.
source.
c.
form.
b.
function.
d.
value.

the real rate of interest:

Greater concern for innovation and quality has shifted the job trend to using more broadly defined jobs. t/f

The dollar value generated over decades of customer loyalty to your company is known as brand equity. viability. sustainability. luck.

Walsh company manufactures and sells one product. the following information pertains to each of the company’s first two years of operations: variable costs per unit: manufacturing: direct materials $ 25 direct labor $ 12 variable manufacturing overhead $ 5 variable selling and administrative $ 4 fixed costs per year: fixed manufacturing overhead $ 400,000 fixed selling and administrative expenses $ 60,000 during its first year of operations, walsh produced 50,000 units and sold 40,000 units. during its second year of operations, it produced 40,000 units and sold 50,000 units. the selling price of the company’s product is $83 per unit. required: 1. assume the company uses variable costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 2. assume the company uses absorption costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 3. reconcile the difference between variable costing and absorption costing net operating income in year 1.