g The Board of Governors is the part of the Federal Reserve System that: multiple choice consists of 12 banks located throughout the country to oversee banking in the United States. is located in Washington, D. C. and consists of 7 governors who serve 14-year terms. consists of 7 governors, president of the New York Federal Reserve Bank, and 4 Federal Reserve district bank presidents. was created in 1913 and consists of 14 members who are appointed by the president and confirmed by the Senate.

Schuepfer inc. bases its selling and administrative expense budget on budgeted unit sales. the sales budget shows 1,800 units are planned to be sold in march. the variable selling and administrative expense is $4.30 per unit. the budgeted fixed selling and administrative expense is $35,620 per month, which includes depreciation of $2,700 per month. the remainder of the fixed selling and administrative expense represents current cash flows. the cash disbursements for selling and administrative expenses on the march selling and administrative expense budget should be: