Answers
Answer:
The correct answer is: Commercial banks.
Explanation:
Commercial banks are financial institutions that accept deposits, offer checking account services, make business, personal, and mortgage loans and offer basic financial products such as Certificates of Deposit (CD) or savings accounts to a private individual and small businesses facilitating transactions between them.
Related Questions
According to the media report how have the commited collusion
David and Lilly Fernandez have determined their tax liability on their joint tax return to be $1,700. They have made prepayments of $1,500 and also have a child tax credit of $2,000, of which $1,400 is refundable.What is the amount of their tax refund or taxes due?
Best Brands Appliance Mart is getting ready for its annual Labor Day sale. There are two Best Brands stores, one in midtown Manhattan and another in Amityville. Merchandise is stored in two warehouses, one in Brooklyn and one in Baldwin. From experience in past years, the owners know the big mover during the sale is tablets. The Manhattan store needs 500, while the Amityville store will require 400. Each warehouse has 600 tablets in stock. It costs $1 and $2 to ship a tablet from Brooklyn to Manhattan and to Amityville, and $2 and $4 to ship one from Baldwin to Manhattan and Amityville. What is the best shipping strategy for getting the tablets from the warehouses into the stores to minimize the shipping cost?
Suppose First Main Street Bank, Second Republic Bank, and Third Fidelity Bank all have zero excess reserves. The required reserve ratio is 5%. The Federal Reserve buys a government bond worth $200,000 from Lorenzo, a client of First Main Street Bank. He deposits the money into his checking account at First Main Street Bank.Complete the following table to reflect any changes in First Main Street Bank's T-account (before the bank makes any new loans). Assets LiabilitiesReserves $200,000 Deposits $200,000 Complete the following table to show the effect of a new deposit on excess and required reserves when the required reserve ratio is 5%.Hint: If the change is negative, be sure to enter the value as negative number.Amount Deposited Change in Excess Reserves Change in Required Reserves(Dollars) (Dollars) (Dollars)200,000 Now, suppose First Main Street Bank loans out all of its new excess reserves to Juanita, who immediately uses the funds to write a check to Gilberto. Gilberto deposits the funds immediately into his checking account at Second Republic Bank. Then Second Republic Bank lends out all of its new excess reserves to Lorenzo, who writes a check to Neha, who deposits the money into her account at Third Fidelity Bank. Third Fidelity lends out all of its new excess reserves to Teresa as well.Fill in the following table to show the effect of this ongoing chain of events at each bank. Enter each answer to the nearest dollar.Increase in Deposits Increase in Required Reserves Increase in Loans(Dollars) (Dollars) (Dollars)First Main Street Bank Second Republic Bank Third Fidelity Bank Assume this process continues, with each successive loan deposited into a checking account and no banks keeping any excess reserves. Under these assumptions, the $200,000 injection into the money supply results in an overall increase of in demand deposits.
Answers
Answer:
b)
Annual Depreciation expense= $58,800
Explanation:
According to International Accounting standards(IAS) 16 property plan and equipment (PPE), the cost of an asset is the purchase cost plus other costs of bringing it to the intended working conditions.
So we will add the purchase cost to installation , freight charges.
Cost of assets = 300,000 + 14,000 + 40,000 =$354,000
Annual depreciation = (Cost - Scrap Value)/ Number of years
= (354,000 - 60,000)/5
=$58,800
Annual Depreciation expense= $58,800
Answers
Answer: Total supply of sugar = 30,000 + 400P
Explanation:
Given that,
Domestic demand for sugar: Qd = 40,000 − 200P
Domestic supply for sugar: QSD = 10,000 + 300P
Foreign supply: QSF = 20,000 + 100P
Total supply of sugar = Domestic supply + Foreign supply
= QSD + QSF
= 10,000 + 300P + 20,000 + 100P
= 30,000 + 400P
Therefore,
Total supply of sugar = 30,000 + 400P
Answers
Answer:
$6,000
Explanation:
Interest calculation : June 30 - December 31
Time frame between the two dates is 6 months, thus charge half year`s interest.
Interest calculation = $120,000 x 10 % x 1/2 = $6,000
therefore,
The interest revenue that would be recorded for the year ending December 31 if the sale was made on June 30 is $6,000.
Answers
Answer:
Present value of payments to the bank=938.51
Explanation:
The present value of the payment to the bank are an ordinary annuity i.e equal payments made at the end of each year for 16 years.
The Present value of an ordinary annuity is calculated as follows:
where PMT is the annual payment made at the end of each year=$100;
i is the interest rate or discount rate = 4%,
n=the number of years the periodic payment of 100 is to be made=12
Present value of payments to the bank = = 938.51
Answers
Answer:
b. rises.
Explanation:
In the case when the future income increased on permanently basis so as per the life cycle and the hypothesis of permanent income the current income rises because in this case the people rises their level of consumption patterns over their lifecycle
Therefore in the given situation, the rises is the answer and the same is to be considered
b. If there is $33,600 in earnings available to common stockholders, and Holtzman’s stock has a P/E of 22 times earnings per share, what is the current price of the stock? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Current price $
c. What is the ratio of market value per share to book value per share? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Answers
Answer:
A. $10.71
B.$36.96
C. 3.45 times
Explanation:
The Holtzman Corporation
A.
Total assets $384,000
Less:current liabilities ($54,000)
long-term liabilities of ($79,000)
Stock holder equity $251,000
Less preferred stock( $36,800)
Net worth assigned to common $214,200
Common shares outstanding $20,000
Book value per share (Net worth) per share $10.71
Book value per share = $214,200/$20,000
= $10.71
B. Earnings per share = Earnings available to common stockholders /Numbers of shares
$33,600/$20,000
=$1.68
Price =P/E×EPS
22×$1.68
=$36.96
C. Market value per share to book value per share
$36.96/$10.71
3.45 times