The "Farm Credit System" is a government-sponsored enterprise that works through a cooperative system to provide agricultural and rural loans.
<h3>What is Farm Credit System?</h3>
A nationwide financing network with a focus on helping the agriculture sector is called as Farm Credit System (FCS). It is composed of banking industry and organisations that extend loans to people and companies around the country.
Some key features of farm credit system are-
- From small farming families to multinational corporations, the FCS supports the rural community including organizations of all shapes and sizes.
- The FCS is composed up several cooperative banks and organisations that lend money to Americans both personally and commercially.
- There are 72 independent, customer-owned financial institutions that make up the FCS.
- A vital source of financing for the agricultural sector, which is viewed as high-risk most traditional lenders, is the Farm Credit System.
To know more about the Farm Credit System, here
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Answer:
The explicit tax would Curtis incur on interest earned on the Initech, Inc. bond is $7,395
Explanation:
The computation of the explicit tax is shown below:
= (Invested amount × interest rate with similar risk) × marginal tax rate
= ($425,000 × 7.25%) × 24%
= $30,812.50 × 24%
= $7,395
We consider the invested amount, similar risk interest rate, and the marginal tax rate. The paying interest rate would not be considered. Hence, ignore it
Answer:
c. $154,000.
Explanation:
According to the difference value technique, the average difference between audited value and book value for the sample should be replicated for the whole population of 4,000 accounts. The average difference per account is:
This means that the audited value is $1 greater than the book value for each account, assuming 4,000 accounts with a book value of $150,000, the audited value is:
Estimated total audited value of the population is: c. $154,000.
Answer:
Glucagon
Explanation:
Glucagon is a hormone produced by the pancreas that helps control the glucose levels. This hormone avoids the glucose levels to drop to a dangerous level by making the stored glycogen to turn into glucose in the liver. It also helps glucose to go to the bloodstream instead of being used by the liver to maintain stable levels.
