A ________ consists of two or more computer connected for the purpose of communicating and sharing resources.

Which well known Christmas song was released by Greg Lake?

Ludmilka [50]

I believe in father christmas

4 0

3 years ago

Read 2 more answers

Please answer the questions you can

ValentinkaMS [17]

Answer:

11. Explain the primary functions of a commercial bank.

The Primary function of a commercial bank is to offer loans to individuals and businesses.

Explanation

A commercial bank receives money mostly from individuals and businesses opening saving or current accounts. Then they use these deposits to lend money to other businesses or individuals. This is possible because commercial banks only need to keep the 10% of the deposits made in a savings or current account.

Other functions of commercial banks are to offer security to the funds deposited by their customer, teach the customers financial education and give them possibilities of investment such as Certificate Term Deposits

17. Describe the procedure of opening a savings bank account in a bank

The procedure for opening a savings bank account is:

1. Fill in the application form.

2. Present the following documentation with your application: government-issued identification (a driver's license number, military ID, or other ID), your Social Security number, and a mailing address.

3. Go to a bank branch or to its website and open the account.

4. Make the initial deposit if required.

Explanation:

Opening a savings account will require that you identify yourself to the bank with a document that proves who you are, where you live, how old are you and how to contact you. This basic information is gathered in an application form that will be filed as the banks support in front of the regulators in case of an audit and will prove that you are a real person.

Afterwards the bank takes that information and check that everything is true and legal. After making that investigation you are granted with an account number and a card that you might use in any ATM to withdraw money.

For the las step of the opening of a bank account you need to deposit money so you have funds to save or make purchases.

3 0

3 years ago

Oscar Clemente is the manager of Forbes Division of Pitt, Inc., a manufacturer of biotech products. Forbes Division, which has $

yawa3891 [41]

Answer:

<h2>Forbes Division of Pitt, Inc.</h2><h3>Performance Report</h3>

by Oscar Clemente

ROI = $1,900,000/$4,500,000 x 100 = 42.222%

(Return on Investment = Operating Income/net book value of new investment x 100)

Explanation:

a) Forbes Division's Expected Income Statement at the beginning of the year: Year 1 Year 2

Sales revenue $ 16,000,000 $ 17,600,000

Operating costs:

Variable 2,000,000 2,200,000

Fixed (all cash) 7,500,000 6,750,000

Depreciation: New equipment 1,500,000 2,000,000

Other 1,250,000 1,250,000

Disposal of old equipment (loss) 3,500,000

Division operating profit $ 3,750,000 $ 1,900,000

b) Return on Investment (ROI) is a financial performance measure which evaluates the efficiency of an investment, by trying to directly measure the amount of return on a particular investment, relative to the investment's cost.

c) The Formula for ROI calculation is to subtract the initial value of the investment from the final value of the investment (which equals the net return), then dividing this new number (the net return) by the cost of the investment, and, finally, multiplying it by 100. In this Forbes Division, the operating income is taken as the difference between the initial value of the investment and the final value of the investment.

7 0

3 years ago

Who is the watchdog over spending of funds?

iren2701 [21]

The bank, which is pretty much the whole government if you think about it.

6 0

3 years ago

Stock Y has a beta of 1.2 and an expected return of 12.1%. Stock Z had a beta of 0.8 and an expected return of 7.85%. The risk-f

levacccp [35]

Answer:

Since the expected return and required return are different for both Stock X and Z, we say that they are not correctly priced

Explanation:

<em>To determine whether or not the stocks are correctly priced ,</em>

<em>we have to compare the r</em><em>equired return</em><em> and the </em><em>expected return on each of them.</em>

Required return = Rf +β (Rm-Rf)

Note that Rm-Rf is also known as market risk premium

<em>Stock Y Stock Z</em>

<em>Required return </em> 2.4% + 1.2(7.2%) 2.4% + 0.8(7.2%)

= 11% = 8.2%

<em>Expected return</em> <em>12.1% 7.85%</em>

Since the expected return and required return are different for both Stock X and Z, we say that they are not correctly priced

6 0

4 years ago