The monetary policy tool most frequently used by the federal reserve is: changes in the discount rate. changes in the required reserve ratio. changes in the money supply. open-market operations. this tool is the best choice in most circumstances because it is performed on: an annual basis, doesn’t inconvenience the fed, and doesn’t require banks to take loans from the fed. an annual basis, doesn’t inconvenience bank managers, and doesn’t require banks to take loans from the fed. a daily basis, doesn’t inconvenience bank managers, and doesn’t require banks to take loans from the fed. a daily basis, doesn’t inconvenience bank managers, and doesn’t require banks to take loans from each other. rev: 11_21_2018_qc_cs-149042

An essential element of being receptive to messages is to have an open mind true or false

Powell company began the 2018 accounting period with $40,000 cash, $86,000 inventory, $60,000 common stock, and $66,000 retained earnings. during 2018, powell experienced the following events: sold merchandise costing $58,000 for $99,500 on account to prentise furniture store. delivered the goods to prentise under terms fob destination. freight costs were $900 cash. received returned goods from prentise. the goods cost powell $4,000 and were sold to prentise for $5,900. granted prentise a $3,000 allowance for damaged goods that prentise agreed to keep. collected partial payment of $81,000 cash from accounts receivable. required record the events in a statements model shown below. prepare an income statement, a balance sheet, and a statement of cash flows. why would prentise agree to keep the damaged goods?

You are the owner of a local honda dealership. unlike other dealerships in the area, you take pride in your “no haggle” sales policy. last year, your dealership earned record profits of $1.5 million. however, according to the local chamber of commerce, your earnings were 10 percent less than either of your competitors. in your market, the price elasticity of demand for midsized honda automobiles is 4.5. in each of the last five years, your dealership has sold more midsized automobiles than any other honda dealership in the nation. this entitled your dealership to an additional 30 percent off the manufacturer’s suggested retail price (msrp) in each year. taking this into account, your marginal cost of a midsized automobile is $11,000. what price should you charge for a midsized automobile if you expect to maintain your record sales?