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3 years ago

Which type of financial institution is owned by its depositors and borrowers?

Business

1 answer:

fredd [130]3 years ago

3 0

"credit unions" are owned by the people who deposit and are loaned money

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In an efficient market, prices appear to move randomly becauseA) investors do not process new information correctly.B) only new

Gennadij [26K]

Answer:

Correct answer is B.

Explanation:

B is correct. In the Strong-form efficient market hypothesis, all public and private information is reflected in prices and it is impossible for anyone to outperform the market. Only new information affects stock prices, but then, this new information is processed correctly and reflected in the price of an asset so fast before anyone can act on it. As a result, the price action becomes totally unpredictable and prices appear to move randomly.

6 0

3 years ago

At the beginning of Year 2, Oak Consulting had the following normal balances in its accounts:

kvv77 [185]

Answer:

Cash Accounts receivable

debit credit debit credit

42,000 25,000

c. 140,000 a. 185,000

d. 120,000 c. 140,000

e. 31,400 70,000

30,600

Service revenue Accounts payable

debit credit debit credit

a. 185,000 8,400

185,000 b. 45,800

0 0 e. 31,400

22,800

Common stock Retained earnings

debit credit debit credit

24,000 34,600

24,000 f. 10,000

19,200

43,800

Operating expenses Salaries expenses

debit credit debit credit

b. 45,800 d. 120,000

45,800 120,000

0 0 0 0

in order to determine the balance of the retained earnings account at the end of the year, we must first close all the temporary accounts:

Dr Service revenue 185,000

Cr Income summary 185,000

Dr Income summary 165,800

Cr Operating expenses 45,800

Cr Salaries expense 120,000

Dr Income summary 19,200

Cr Retained earnings 19,200

6 0

4 years ago

In economics a computer bought by a firm for its account keeping is classified differently to a computer bought by an individual

Nesterboy [21]

Answer:

Explanation:

5 0

2 years ago

Suppose there is an increase in demand in a market and no change in the supply. What will happen to the market equilibrium price

adelina 88 [10]

Answer:

c.Equilibrium price will rise; equilibrium quantity will rise.

Explanation:

If there's an increase in demand and supply remains unchanged. The demand curve would shift to the right and there would be an excess of demand over supply. Equilibrium price and quantity would increase.

I hope my answer helps you

8 0

3 years ago

Data concerning Bedwell Enterprises Corporation's single product appear below:

melisa1 [442]

Answer:

unit sales = $3482.49

Explanation:

given data

Selling price per unit = $240.00

Variable expenses per unit = $99.50

Fixed expense per month = $454,290

monthly target profit = $35,000

solution

we get here contribution margin that is express as

contribution margin = Sales - Variable cost ..................1

put here value

contribution margin = $240 - $99.50

contribution margin = $140.50

so here Target Contribution margin will be

Target Contribution margin = Fixed cost + Target profits ...............2

put here value

Target Contribution margin = $454,290 + $35,000

Target Contribution margin = $489290

so here unit sales will be as

unit sales = $\frac{489290}{140.5}$

unit sales = $3482.49

8 0

3 years ago