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3 years ago

In general, what are some of the features of alternative financial products?

Business

1 answer:

notsponge [240]3 years ago

8 0

Some of the features of the alternative financial products are the following;

- The AFS was able to provide a microfinance form

- The AFS also provides services financially

- The AFS’ Services in their finance are from non-bank final institutions

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the ABC Company has a monthly collected balance of $600,000. Its bank pays an earning credit rate of 0.75%. The Reserve Requirem

ohaa [14]

Answer: $332.1

Explanation:

Given that,

Monthly collected balance = $600,000

Bank pays an earning credit rate = 0.75%

Reserve Requirement Ratio = 10% of $600,000

= $60,000

Investable amount = Monthly collected balance - Reserve requirement amount

= $600,000 - $60,000

= $540,000

ABC's monthly earnings credit:

= Investable amount × Earning credit rate × Time period

= 540,000 × 0.75% × $\frac{30}{365}$

= $332.1

3 0

2 years ago

Paul splits an investment of $20000 , a portion earning simple interest at a rate of 3.8 % per year and the rest earning at a ra

koban [17]

Answer:

$9,000 (amount invested at 3.8%)

$11,000 (amount invested at 8.1%)

Explanation:

Let us calculate the total interest earned by both investments

Interest earned= 0.06165* 20,000= $ 1,233

Let principal invested at 3.8% be X

Use formula Interest= principal* rate*time in years

Interest= X*0.038*1= 0.038X

Principal invested at 8.1% be (20,000-X)

So Interest = (20,000-X)*0.081*1= 1,620-0.081X

Total interest earned = Interest at 3.8% + Interest at 8.1%

1,233= 0.038X + 1,620 -0.081X

Rearranging

0.043X= 387

X= 387/0.043

X= $9,000 (amount invested at 3.8%)

Substitute in equation

Principal invested at 8.1%= 20,000-X

= 20,000- 9,000

= $11,000 (amount invested at 8.1%)

8 0

3 years ago

During project executing, a team member comes to the project manager because he is not sure what work he needs to accomplish on

vfiekz [6]

Answer:

The correct answer is A. WBS dictionary.

Explanation:

The WBS (work breakdown structure) or Work Decomposition Structure (WDS) provides a common reference framework for all project elements and for the estimation and programming of specific tasks within the project. time, resources and quality within the project plans.

A good work breakdown structure encourages a systematic planning process, reduces the possibility of omitting key elements of the project, and simplifies the project through its division into manageable units. It is a tool to follow the progress of the project.

If WBS is used as the common skeleton for programming and for estimation, communication between professionals working on the project will be facilitated.

A WBS is, or should be, a uniform, consistent and logical method of dividing a project into smaller, more manageable components for planning, estimation and control.

A WBS oriented to deliverables facilitates and encourages the exchange of information. Ideally, there should be some uniformity and consistency in the WBS. In order to achieve uniformity, "all children of the same father" must be developed on the basis of the same base.

The ultimate goal is to achieve a WBS that highlights a logical organization of products, components and modules.

8 0

2 years ago

On April 1, 9,000 shares of $7 par common stock were issued at $26, and on April 7, 5,000 shares of $70 par preferred stock were

Mariana [72]

Answer:

Apr 1

DR Cash $234,000

CR Common stock $63,000

CR Paid in capital in excess of par - Common Stock $171,000

<em>(To record issuance of common stock)</em>

Apr 7

DR Cash $540,000

CR Preferred stock $350,000

CR Paid in capital in excess of par - Preferred Stock $190,000

<em>(To record issuance of preferred stock)</em>

Explanation:

April 1

Cash

9,000 * 26 = $234,000

Common stock

9,000*7 = $63,000

April 7

Cash

5,000*108 = $540,000

Preferred stock

5,000*70 = $350,000

7 0

3 years ago

Exercise 21.2 you are the dba for the veryfine toy company and create a relation called employees with fields ename, dept, and s

nekit [7.7K]

Check the attached files for the solution.

3 0

3 years ago