Answer:
A commercial bank is one which takes deposits to customers and loans them out to other customers, and makes a profit by charging a higher interest rate then it pays. Whereas in Investment bank is a bank which provides services to other companies for their IPOS, Asset management, helps create SPVs, helps in mergers and acquisitions etc.
Major Financial institutions
Central Banks: Setting Monetary Policy
Commercial Money: Taking Deposits and Lending that money
Investment Banks: Handling mergers and acquisitions
Mutual funds and ETFs are very similar in the nature that various investors are allowed to invest in them and it is very safe and passive type of investing, low risk and low return but the major difference is that ETFs follow a particular index for eg S and P 500 etc
Hedge funds on the other hand only allow high net worth individuals to invest and have limits on how early you can withdraw your money, they use very complex, active and high risk, reward strategies.
Explanation:
Net Income before Sale of Shares........................................................$1800000
Additional Income due to sale of shares.............................................$400000
Total Net Income........................................................................................$2200000
Income [email protected]%.........................................................................................($660000)
Net Income After Tax..................................................................................1540000
Total No of Shares.........................................................................................260000
Earning Per Share(Net Income After Tax/No of Shares)......................$5.92
Answer:
No donation should be made by the manager
Explanation:
The best thing the manager should do is not to make any donation as he is aware that the the big man heads a criminal organization that is engaged in drug trafficking, By implication, the big man is indirectly providing fund to the drug trafficking organisation,
In addition, the act of helping the poor in the neighborhood is not a justification for running a drug trafficking organisation by the big man.
The manager should take action by reporting the bug man to the relevant local authority and provide them any information he has about the big man so that they can handle everything appropriately. If he does this, he is carrying his own and company's social responsibility function.
The LIFO method is used to calculate the precent of retail and Current cost to retail % is 67 percent.
<u>Explanation:</u>
Ending inventory at retail as on 12/31/2022 converted to cost = 50600 by1.1 = 46000
Inventory as on 12/31/2021 converted to cost = 42400 by 1.06 = 40000
Inventory added during 2021 = 40,000 minus 30,000 = 10,000
Inventory added during 2022 = 46000 minus 40000= 6000
Inventory layers at base year retail prices:
Beginning inventory = 30000 into 1 into 70% = 21000
Layers added during 2021 = 10000 into 1.06 into 80% = 8480
Layers added during 2022 =6000 into 1.1 into 67% = 4422
Inventory as on 31/12/2022 at cost = 21000 plus 8480 plus 4422 = 33902
Therefore, Current cost to retail % = 66330 by 99000 = 67%
Answer:
B. $4,512,332
Explanation:
The computation of the correct estimated cost at a level of 8,000 units is shown below:
Given that
Intercept coefficient = $4,286,652
Variable 1 Coefficient = $28.21
R-square = 0.6521
Estimated cost at a level = 8,000 units
So, the regression equation is
$4,286,652 + $28.21X
For 8,000 , the cost equation is
= Intercept + (X variable coefficient × units
= $4,286,652 + $28.21 × 8,000 units
= $4,512,332
