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marin [14]
3 years ago
13

Which of the following financial institutions has a membership requirement?

Business
2 answers:
EastWind [94]3 years ago
6 0

Credit union :))))))))

Dima020 [189]3 years ago
5 0
A credit union often requires that its clients be members who own a share in the company.
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Leyton Lumber Company has sales of $12 million per year, all on credit terms calling for payment within 30 days, and its account
s2008m [1.1K]

<u>Solution and Explanation:</u>

The following formula is used in order to calculate the days sales outstanding:

Days sales out standing = ( Accounts receivable divided by Sales )  multiply with 365

= $1.5 million divided by $12 million multiply with 365

After calculating we get, 45.625 days

<u>In order to calculate the capital released, the following formula is used: </u>

Capital released $=$ Sales $*$ (DSO - Credit period) $/ 365$

=\$ 12 \text { million } *(45.625-30) / 365

= 513699

Therefore, the capital released is $513699

8 0
3 years ago
In the short run, the quantity of output that firms supply can deviate from the natural level of output if the actual price leve
timofeeve [1]

Answer:

1.  Rise

2.  Increasing

3.  Rise

Explanation:

For example, the sticky-wage theory asserts that output prices adjust more quickly to changes in the price level than wages do, in part because of long-term wage contracts. Suppose a firm signs a contract agreeing to pay its workers $15 per hour for the next year, based on an expected price level of 100. If the actual price level turns out to be 110, the firm's output prices will RISE, and the wages the firm pays its workers will remain fixed at the contracted level. The firm will respond to the unexpected increase in the price level by INCREASING the quantity of output it supplies. If many firms face similarly rigid wage contracts, the unexpected increase in the price level causes the quantity of output supplied to RISE above the natural level of output in the short run.

The above explanation is the reason why the aggregate supply curve slopes upward in the short run

5 0
3 years ago
Muy Bueno Bakery Company sells three different products. Currently they are not able to meet all of their customers' demand. Usi
cestrela7 [59]

Answer:

c. Pie

Explanation:

In order to determine which product is the most profitable, we must calculate the contribution margin per hour:

                                              Cake               Pie                      Cookies

contribution margin               $18                 $11                          $3

production time                        3                    1                           .30

contribution margin p/hour    $6                 $11                         $10

Pie is the most profitable product, followed by cookies, and cakes are the less profitable products.

4 0
3 years ago
Citrus Inc., a leading Internet service provider, provides its top managers with a bonus every year. However, this year the comp
barxatty [35]

Answer:

Extinction

Explanation:

Contingency of extinction occurs when previously reinforced behaviours are removed or changed as a result of changes in the environment. In this scenario, the behaviours that was changed in the current year was the payments of bonuses to top managers. The changes in the environment was the poor performance and average stock price dropping. It resulted in the top managers not receiving their annual bonuses this time.

4 0
3 years ago
Read 2 more answers
Kevin has $20 to spend on summer clothes. He is looking at shirts, shorts, and flip-flops. Shirts are $10, shorts are $15, and f
weeeeeb [17]

Answer:

Kevin has analyzed the situation well. However, he should also consider the fact that he saved $10 by only purchasing the shirt.

Opportunity cost is the cost of the forgone alternative. Out of the 3 choices, he only purchased 1 of the choices, the opportunity cost are the other two choices. However, he is still capable of buying the flip-flops costing $10 but he chose not to do so. He should consider it as a savings aside from it being a lost opportunity.

4 0
3 years ago
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