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2 years ago

What is the largest type of financial institution ?

Business

1 answer:

Alecsey [184]2 years ago

7 0

1.) Commercial Bank
2.)Advisory Firms
3.)Mutual Funds
4.)Insurance Companies

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Wrigley introduced a new flavor of Orbit brand sugar-free chewing gum, mint mojito, and its introductory price was low so that i

Julli [10]

In this example, Wrigley used the Penetration pricing.

Penetration pricing is one of marketing strategy which aims to attract potential customers by offering lower price as its initial offering.

This pricing strategy helps a new product or service to penetrate the market and attract customers because of the low price offered.

In the question, the introductory price for chewing gum, mint mojito were set low and aims to attract new customers to the product.

In conclusion, Wrigley used the Penetration pricing to attract new customers.

Read more about this here

<em>brainly.com/question/3521758</em>

3 0

3 years ago

Cash paid to retire notes $ 112 Common shares acquired for treasury 172 Proceeds from issuance of preferred stock 254 Proceed

arsen [322]

Answer:

$176 million

Explanation:

The calculation of net cash inflows from financing activities is shown below:-

Net cash inflows from financing activities

Proceeds from issuance of preferred stock $254 million

Proceeds from issuance of subordinated bonds $292 million

Less: Cash dividends paid on preferred stock (86) million

Less: Cash paid to retire note ($112) million

Less: Common shares acquired for treasury (172) million

Net cash inflows from financing activities $176 million

The positive sign represents the cash inflow and the negative sign represents the cash outflow

6 0

3 years ago

Graphs can be used to

Alik [6]

Graphs can be used to d. all of the above.

6 0

3 years ago

Read 2 more answers

Colbert operates a catering service on the accrual method. In November of year 1, Colbert received a payment of $9,000 for 18 mo

german

Answer:

b) $500 is recognized in year 1 and $8,500 in year 2.

Explanation:

Calculation to determine When must Colbert recognize the income if his accounting methods are selected to minimize income recognition?

Calculation for amount recognized in year 1

Payment in year 1= $9,000 ÷ 18 months

Payment in year 1= $500

Therefore Based on the above calculation the amount recognized in year 1 will be $500

Calculation for the amount recognized in year 2

Payment in year 2 = $9,000 - $500

Payment in year 2= $8,500

Therefore The amount recognized in year 2 will be $8,500

8 0

3 years ago

On January 1, 2020, Walker Inc. acquired equipment for $56,000. The expected useful life is 10 years and the residual value is $

Gnoma [55]

Answer:

$5488

$11,200

$9978.18

$4939.20

Explanation:

A. Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

($56,000 - $1120) / 10 = $5488

Depreciation expense for each year of the useful life would be $5488

B. Depreciation expense using the double declining method = Depreciation factor x cost of the asset

Depreciation factor = 2 x (1/useful life)

Depreciation factor = 2 x (1/10) = 1/5

1/5 x $56,000 = $11,200

C. Sum-of-the-year digits = (remaining useful life / sum of the years ) x (Cost of asset - Salvage value)

Sum of the years = 1 +2 +3 +4 + 5 + 6 + 7 + 8 + 9 + 10 = 55

Undepreciated life of the asset = 10

10/ 55 x ($56,000 - $1120) = $9,978.18

D. (hours used in year 1 / total number of hours of the machine) x (Cost of asset - Salvage value)

(1260 / 14,000) x ($56,000 - $1120) = $4939.20

3 0

3 years ago