All categories

3 years ago

Which of the following is a depository financial institution

Business

1 answer:

Kipish [7]3 years ago

5 0

It's a depository institution in the United States that is legally allowed to accept monetary deposits from consumers.

You might be interested in

2. Which of the following is NOT considered as a characteristic of an entrepreneur?

Viktor [21]

Answer:

Dependent

Explanation:

Analyzing the given options one after the other.

- Cope with failure: As an entrepreneur, one should be able to cope with failure. One should see failure as a setback but rather as a stepping stone to bounce back.

- Persistent: A person who is to be called an entrepreneur has to be determined to succeed and never relent.

- Dependent: An entrepreneur is an independent person and never relies on others for survival.

-Opportunity Seeker: An entrepreneur constantly seek for opportunities and immediately grasp it whenever he sees one

So, the odd one out of the given options is <em>Dependent</em>

3 0

3 years ago

Assume the real rate of return is 2.97% and the inflation rate is 2.20%. Find the nominal rate of return using the exact formula

Lunna [17]

Answer:

Nominal rate of return= 0.0517 = 5.17%

Explanation:

Giving the following information:

Real rate of return= 2.97%

Inflation rate= 2.20%

<u>To calculate the nominal rate of return, we need to use the following formula:</u>

Real rate of return= nominal rate of return - inflation rate

Nominal rate of return= Real rate of return + inflation rate

Nominal rate of return= 0.0297 + 0.022

Nominal rate of return= 0.0517 = 5.17%

4 0

2 years ago

What are three ways to make money through investing in real estate?

Alexandra [31]

Answer:

There are three primary ways investors could potentially make money from real estate: An increase in property value. Rental income collected by leasing out the property to tenants.

3 0

2 years ago

Read 2 more answers

Mocha Company earned net income of $ 105,000 during the year ended December 31, 2018. On December 15, Mocha declared the annua

lapo4ka [179]

Answer:

The answer is given below;

Explanation:

Retained Earnings (125,000*2%) Dr.$2,500

Dividend payable Cr.$2,500

Retained Earnings (62,000*.25) Dr.$15,500

Dividend Payable Cr.$15,500

5 0

3 years ago

Adirondack Marketing Inc. manufactures two products, A and B. Presently, the company uses a single plantwide factory overhead ra

Eddi Din [679]

The factory overhead allocated per unit of Product A in the Painting Department is $ .

Given,

Overhead Total direct DLH per product

Labour Hours A B

Painting dept. $241000 10500 8 11

Finishing dept. $69700 10500 5 6

Totals $311400 21000 13 17

Single overhead rate per hour = total overheads/ total labor hours

Now, substituting the values in the formula

Single overhead rate per hour = 311400/21000

= $14.83 per labor hour

Now, direct labor hours for product A for the Painting department = 16 hours

Overhead rate per unit of product A in the painting department = 16 hours × $14.83 per hour

Overhead rate = $237.28 per unit

Thus, Adirondak Marketing Inc. would allocate $237.28 to the painting department for 1 unit of Product A.

Learn more about factory overhead:

brainly.com/question/26082424

#SPJ1

8 0

2 years ago