One of the fed's policy tools is a. the required reserve ratio, which equals 3 percent on checkable deposits and 10 percent on savings deposits b. the discount rate, which is the interest rate at which the fed stands ready to lend reserves to commercial banks c. the open market operations, which are purchase of government securities from the government d. the monetary base, which is the sum of coins and federal reserve notes

The distinction between a normal and an inferior good is

Corporations with suppliers, vendors, and customers all over the globe are referred to as : a) global corporations b) international corporations c) multinational corporations d) multicultural corporations

Cherokee inc. is a merchandiser that provided the following information: amount number of units sold 20,000 selling price per unit $ 30 variable selling expense per unit $ 4 variable administrative expense per unit $ 2 total fixed selling expense $ 40,000 total fixed administrative expense $ 30,000 beginning merchandise inventory $ 24,000 ending merchandise inventory $ 44,000 merchandise purchases $ 180,000 required: 1. prepare a traditional income statement. 2. prepare a contribution format income statement.