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3 years ago

If your bank is a member of the FDIC, what does that mean for you?

Business

2 answers:

Oduvanchick [21]3 years ago

8 0

I think you will get better coverage from Having a FDIC. <span />

solong [7]3 years ago

7 0

Answer:

Your money is protected by insurance up to a specific amount.

You might be interested in

A ______ is a firm that produces the entire market supply of a particular good or service

shutvik [7]

the answer to ur question is industry

4 0

3 years ago

Which of the following types of teams is the most autonomous?A. Self-managing teamsB. Quality circlesC. Semiautonomous work grou

coldgirl [10]

Explanation:

Autonomy -

It is refers to the degree to which the workers have the freedom , discretion , independence , so as to decide when and how to accomplish their jobs .

Hence , from the options given in the question ,

The most autonomous are the self designing teams and the self - managing teams .

The least autonomous are the employee involvement groups and the traditional work groups .

The moderate autonomous is the semi autonomous work groups .

7 0

3 years ago

Mobile Homes reported the following in its financial statements for the year ended December 31, : 2018 2017 Income Statement N

kirill [66]

Answer:

Mobile Homes

Computation of:

1. Collections from customers

Beginning Accounts Receivable $615

Net Sales 25,118

Less ending accounts receivable 798

Collections from customers $24,935

2. Payments for merchandise inventory

Beginning Accounts Payable 1,364

Purchases 18,725

Ending Accounts payable 1,547

Payments $18,542

3. Payments of other operating expenses:

Accrued liabilities:

beginning 851

Operating expenses 4,632

Less ending 938

Cash payments 4,545

4. Acquisition of property plant and equipment:

Beginning cost = $4,622

Ending cost = $3,671

Acquisition = $951

5. Amount of borrowing with:

a) Long-term liabilities:

Ending $477

Beginning $461

Borrowing $16

b) A-one paying no long term liabilities:

Accrued Liabilities:

Ending $938

Beginning $851

Borrowing $87

6. Payment of cash dividends:

Retained Earnings $3,784

Net Income 1,611

Total available $5,395

Retained earnings (5,021)

Dividends paid $374

Explanation:

a) Data and Calculations:

Mobile Homes Financial Statements for the years ended December 31:

2018 2017

Income Statement

Net Sales Revenue $ 25,118 $ 21,893

Cost of Goods Sold 18,074 15,501

Depreciation Expense 271 234

Other Operating Expenses 4,632 4,277

Income Tax Expense 530 482

Net Income $ 1,611 1,399

2018 2017

Balance Sheet

Cash 21 19

Accounts Receivable 798 615

Merchandise Inventory 3,483 2,832

Property, Plant, and

Equipment, net 4,351 3,437

Accounts Payable 1,547 1,364

Accrued Liabilities 938 851

Long-term Liabilities 477 461

Common Stock, no par 670 443

Retained Earnings 5,021 3,784

Property, plant, and equipment:

PPE net 4,351 3,437

Depreciation 271 234

Cost 4,622 3,671

Purchases:

Ending inventory 3,483

Cost of goods sold 18,074

Beginning inventory (2,832)

Purchases 18,725

6 0

3 years ago

Imprudential, Inc., has an unfunded pension liability of $750 million that must be paid in 17 years. To assess the value of the

Lana71 [14]

Answer:

$202,701,713.58

Explanation:

Present value of this liability = Value of liability / ((1+r)^t)

Present value of this liability = $750 million / ((1+0.08)^17)

Present value of this liability = $750 million / (1.08)^17

Present value of this liability = $750 million / 3.7000180548

Present value of this liability = $202,701,713.5840815

Present value of this liability = $202,701,713.58

6 0

3 years ago

Ginny and Eric are partners at an architecture firm. They are trying to determine which of them has a comparative advantage in b

blondinia [14]

Answer: (i) $20 per model

(ii) $27 per model

(iii) Ginny has a comparative advantage in building models.

Explanation:

A country or a firm has a comparative advantage in producing a commodity if the opportunity cost of producing that commodity in terms of other commodities is lower than the other country or firm.

Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.

If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.

Therefore,

Ginny's Opportunity cost of producing one model = $\frac{400}{20}$

= $20 per model

Eric’s opportunity cost of building models = $20 + 35% of $20

= $20 + $7

= $27 per model

Hence, Ginny has a comparative advantage in building models because Ginny's opportunity cost of building model is lower than Eric's opportunity cost.

5 0

3 years ago