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Monica [59]
3 years ago
6

Credit unions and other depository institutions differ from member banks of the federal reserve mainly in that they

Business
1 answer:
Tom [10]3 years ago
6 0

Answer:

do not have stock in Federal Reserve Banks.

Explanation:

Member banks must own shares of stock in the 12 regional Federal Reserve Banks and earn dividends mandated by law to be 6 percent. But the banks must return all profits, after paying expenses, to the U.S. Treasury. Holding this stock does not carry with it the control and financial interest given to holders of common stock in for-profit organizations. The stock may not be sold/traded or pledged as collateral for loans. These don’t give the member banks voting rights. Member banks also appoint six of the nine members of each Bank's board of directors.

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Poe Company is considering the purchase of new equipment costing $80,000. The projected net cash flows are $35,000 for the first
Dmitriy789 [7]

Answer:

NPV = $23,773.65

Explanation:

Net present value is the present value of after tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator:

Cash flow in year 0 = $-80,000

Cash flow each year for 1 and 2 = $35,000

Cash flow each year for 3 and 4 = $30,000

I = 10%

NPV = $23,773.65

To find the NPV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

4 0
3 years ago
The monthly payment on an 8%, 36-month, add-on loan for $10,000 would be
poizon [28]
Add on method is
A method of calculating interest whereby the interest payable is determined at the beginning of a loan and added onto the principal. The sum of the interest and principal is the amount repayable upon maturity.
The interest is
I=10,000×0.08×(36÷12)=2,400

Add the interest to the principle
2,400+10,000=12,400

Monthly payment is
12,400÷36months=344.44
7 0
4 years ago
If your marginal propensity to consume is 0. 4 and you get an additional $300 in income, you would spend ________ on consumption
Kobotan [32]

Answer:

$120

Explanation:

.4 x 300 = $120

the MPC (Marginal propensity to consume) is essentially the same as saying this is how much of your additional income to spend. In this case, you spend .4 of your additional income. Multiplying .4 by $300 in additional income results in $120

7 0
3 years ago
In its income statement for the year ended June 30, 2009, The Clorox Company reported the following condensed data (dollars in m
Kruka [31]

Answer:

Clorox Company

multiple-step income statement.

Net sales                                                                       $5,450

Less Cost of goods sold                                             ($3,104)

Gross Profit                                                                   $2346

Less Operating Expenses :

Selling and administrative expenses          $ 715

Research and development expense          $ 114

Advertising expense                                    $499     ($1,328)

Operating Income                                                        $1018

Less Non Operating Expenses :

Income tax expense                                     $276

Interest expense                                            $161

Other expense                                                $46      ($483)

Net income                                                                   $535

Explanation:

The multiple-step income statement shows separately the income derived from primary activities (operating income) and secondary activities (net income)

8 0
3 years ago
Lindsay​ Electronics, a small manufacturer of electronic research​ equipment, has approximately 6 comma 800 items in its invento
Gala2k [10]

Answer:

100 items need to be counted each day.

Explanation:

Of the 6,800 items, 544 are A items (0.08 * 6,800), 2,244 are B items (0.33 * 6,800) and 4,012 are C items (0.59 * 6,800). If you want to count every day the same number of items, you have to divide the number of items A, B and C for the days between being counted twice. So, if you have to count each day a number of items A, the amount is 544/19 working days, that is 28.6315789. The same with B (2,244/60 = 37.4) and with C (4,012/118 = 34). Each day, you have to count 28.63 A plus 37.4 B plus 34 C. 28.63+37.4+34=100.03.

6 0
4 years ago
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