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2 years ago

What are true statements about the history of the fractional banking system?

Business

1 answer:

Rudiy272 years ago

7 0

Answer:

----->Traders would deposit their gold with goldsmiths.

--->Goldsmiths issued paper receipts in excess of the amount of gold held.

--->Goldsmiths put the paper receipts into circulation by making loans.

Explanation:

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Consider the following financial statement information for the Ayala Corporation: Item Beginning Ending Inventory $ 10,500 $ 11,

MakcuM [25]

Answer:

Cash conversion cycle = 41.67

Operating Cycle = 86.03

Explanations:

Average Invetory = (10500 + 11500)/2 = 11,000.00

Average accounts receivable(AR) = (5500 + 5800)/2 = 5,650.00

Average Accounts payable (AP)= (7700 + 8100)/2 = 7,900.00

Credit Sales = 85,000.00

AR Turnover = 85000/5650 = 15.04

Days sales outstanding = 365/ 15.04 = 24.26

Cost of goods sold = 65,000.00

AP turnover = 65000/7900 = 8.23

Days payable outstanding = 365/8.23 = 44.36

Inventory turnover= 65000/11000 = 5.91

Days inventory O/S = 365/5.91 = 61.77

Cash conversion cycle = Days Inventory outstanding + days Sales o/S - Days Payable O/S = 61.77 + 24.26 - 44.36 = 41.67

Operating Cycle = Days' Sales of Inventory + Days Sales Outstanding 61.77 + 24.26 = 86.03

6 0

3 years ago

Which of the following is least likely to result in product innovations that have near-term commercial application? Multiple Cho

kaheart [24]

<h2>Basic research is the least likely to result in product innovation that have near-term commercial application</h2>

Explanation:

Basic research, is otherwise called pure research. This is the first step in production innovation. This is followed by "applied research", then "innovation development", then to go for "production-sales-market".

The information gathered here will be very light or a starter. It is not possible to foresee all the outcomes or the benefits which is achieved in the basic research.

We cannot even predict the types of research knowledge which might add a value to the future changes

6 0

3 years ago

For March, sales revenue is $1,000,000; sales commissions are 5% of sales; the sales manager's salary is $80,000; advertising ex

nasty-shy [4]

Answer:

$217, 100

Explanation:

The selling expenses are as follows

sales commissions 5% of 1,000,000

=5/100 x 1,000,000 = $50,000

sales manager is $80,000

Adverting expenses $65,000

shipping expenses 1% of 1,000,000

=1/100 x 1,000,000 = $10,000

Miscellaneous expenses 2100 + 1/100 x 1,000,000

=2100 +10,000 = $12,100

Total selling expenses = $50,000 + $80,000 + $65,000 + $10,000 + 12,1000

= $217, 100

5 0

3 years ago

This activity is important because marketing managers must discover what prospective customers need and want. Marketing managers

RUDIKE [14]

Answer:

Note: See table attached to question below to fully understand

Marketing mix Business traveller Luxury traveller

element segment segment

<em>Product strategy</em> Luxury car SUV or Minivan

<em>Price strategy</em> Premium Saver

<em>Promotion strategy</em> Gold club Free car seat

<em>Place strategy</em> Airport hubs Park access

8 0

3 years ago

What is evolution of finance?

aleksandrvk [35]

Answer: The Evolution of Finance. ... At the core financial institutions all do the same two things: first, they gather assets, and second, they invest those assets. Commercial banks take deposits and make loans. Investment banks identify pools of capital and issue securities. Asset managers take savings and invest those savings.

Explanation:

3 0

4 years ago