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2 years ago

Mutual savings banks are primarily regulated by

Business

1 answer:

ziro4ka [17]2 years ago

5 0

Mutual savings banks are primarily regulated by the states in which they are located.

To add, a mutual savings bank is a financial institution chartered by a central or regional government, without capital stock, that is owned by its members who subscribe to a common fund. From this fund claims, loans, etc., are paid. Profits after deductions are shared among the members.

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Suppose you have a balance of $3000 on a credit card. Using the formula from Part G, consider the following scenarios:

Bumek [7]

Answer:

90000001223344brnrj4j5

5 0

3 years ago

A neighborhood sportswear store sells a pair of victoria sneakers for $40. due to the recent fitness craze, these shoes are in h

Anettt [7]

The current lot size of 235 is too large.

We use the given data to find the Economic Order Quantity or EOQ and then compare it to the lot size of 235.

Economic Order Quantity is used to arrive at the optimum purchase order for goods (in number of units) while minimizing ordering and handling costs.

The formula for calculating EOQ is:

Q = $\sqrt{2DS/H}$ ,

where :

Q is the order lot in number of units

D is the annual demand for the product

S is ordering cost per order (in $)

H is holding cost per unit (in $)

We can arrive at the annual demand for the product as follows:

Annual Demand = No. of units sold per week * No. of weeks the store operates

Annual Demand = 50*52 = 2600 units

Order cost = $20

Holding Cost = Holding Cost (in %) * Selling Price

Holding Cost = 20%*$40 = $8

Substituting the above values in the EOQ formula, we get,

Q = $\sqrt{(2*2600*20)/8}$ = 114.02 units.

Comparing the EOQ we just calculated and the given lot size, we arrive at the answer above.

8 0

3 years ago

You're trying to save to buy a new $196,000 Ferrari. You have $46,000 today that can be invested at your bank. The bank pays 5.4

katovenus [111]

Answer:

It will take 27.56 years to gain $196,000.

Explanation:

Giving the following information:

Future value (FV)= $196,000

Present value (PV)= $46,000

Interest rate= 5.4% = 0.054

To calculate the time required to reach the objective, we need to use the following formula:

n= ln(FV/PV) / ln(1+i)

n= ln(196,000/46,000) / ln(1.054)

n= 27.56

It will take 27.56 years to gain $196,000.

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2 years ago

n the 1930s, what caused Canada to respond by raising its tax on goods imported from the United States? the Glass-Steagall Act t

Misha Larkins [42]

In the 1930s Canada decided to raise taxes on goods imported in the United States in retaliation for the high tariffs that were created by the Hawley-Smoot Tariff. The Hawley-Smoot Tariff raised tariffs on nearly 20,000 imported goods to the United States to extremely high levels. This policy was put in place in an effort to protect American jobs following the Great Depression, but instead closed the U.S. economy off to the global market most likely hurting the American economy further.

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3 years ago

How can the military support your career goals

Setler [38]

Answer:

you can get money to further your education, also engage in stem activities.

Explanation:

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3 years ago