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1 year ago

If you were going to get a loan to purchase a new car, which financial intermediary would you use?

1 answer:

7 0

If you were going to get a loan to purchase a new car, financial intermediary you would use is a commercial bank.

Financial intermediary is that entity that acts as an intermediary or the middlemen between the two parties during any financial transaction.

Financial intermediaries can be a commercial bank, an investment bank, pension fund or the mutual funds.

Commercial bank is that financial institution which offers different financial functions such as accepting deposits, offers various loans, offering checking account facilities, and also offers some basic facilities such as saving accounts to the customers.

It provides personal loans, mortgages, commercial loans to the customers.

To know more about commercial bank here:

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During the months of January and February, Hancock Corporation sold goods to three customers. The sequence of events was as foll

Murrr4er [49]

Answer:

Net Sales $2720

Explanation:

Hancock Corporation

Jan 6: Sales $ 1500

Add Jan 6 Sales $ 850

Less Jan 14 Sales Discount $ 30 ( 2% of $ 1500)

<u>Add Feb 28: Sales $ 400</u>

<u>Net Sales $2720 </u>

Only a 2% discount is given on the cash received on Jan 14 on the sales made on JAn 6 to S. Green because the cash is received within the first ten days of sales made. The cash received on Feb 2 is not given the sales discount as it is received after ten days of the sales made. That is sales were done on Jan 6 to M. Munoz. with the terms 2/10, n/30 meaning discount will be given within the first ten days . But as the payment was on Feb 2 almost 17 days later the discount is not given.

The term 2/10 n/30 means a two percent discount will be given if sales were paid within the first ten days. So a discount is given to S. Green but not M. Munoz as payment is done after 10 days.

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3 years ago

if my movie starts at 11:26 am but it takes 48 minutes to get there what time will it be when I get there

MrRissso [65]

Answer:

12:34

Explanation:

It will be 12:34 if you leave at 11:26

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2 years ago

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Company A purchases Company B. This is a 100% equity purchase which means that Company A acquires all of the Company B assets an

Drupady [299]

Answer:

Company A and Company B

Calculation of Goodwill on Acquisition:

= $212,433

Explanation:

a) Current market value of:

Tangible physical assets = $1,234,567

Intangible asset = $125,000

Total assets' value = $1,359,567

less Liabilities:

Operating = $160,000

Financial = 600,000 ($760,000)

Net value of assets = $599,567

Purchase Price (Company B) $812,000

Goodwill $212,433

b) Company A acquired Goodwill when it bought over Company B. This is an intangible asset which is calculated by subtracting the net value of assets (the difference between the fair market value of the assets and liabilities) from the purchase price of the acquired subsidiary.

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2 years ago

Even with international trade, countries rarely specialize because A. Some countries do not have a comparative advantage in any

Rina8888 [55]

Letter A marks the spot

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3 years ago

Calfee Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just compl

AlladinOne [14]

Answer:

$200,000

Explanation:

The computation of the ending balance in the work in process inventory account is shown below:

But before that determined the overhead rate per direct labor

Manufacturing OH estimated $595,000

Divide by DLH estimated 35000

OH rate per DLH $17

Now

Beginning Inventory of WIP $19,000

Current manufacturing cost

material $420,000

Labour $641,000

Manufacturing OH (33,000 × $17) $561000

Total Manufacturing cost $1,622,000

Total cost of WIP $1,641,000

Less: Cost of goods manufactured $1,441,000

Ending inventory of WIP $200,000

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