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Sauron [17]
2 years ago
10

What are the functions of depository​ institutions? The functions of depository institutions include​ _______.

Business
1 answer:
Yuri [45]2 years ago
3 0

Answer: Creating liquidity

Explanation:

Depository institutions includes commercial banks, credit unions, savings and loans. Depository institutions receive money from the depositors and lend out to their borrowers.

The primary function of the depository institutions is to create liquidity by making credit available to borrowers in the form of loans. Depository institutions also receive deposits from their customers in exchange for interest and then use them to create loans for people.

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How do consumers take part in the resource market?
Andrew [12]

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7 0
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Lesley Torres is a project manager for the campaign​ "Action against Deforestation in​ Indonesia." She recently faced a glitch w
andrew11 [14]

Answer: (A) Controlling

Explanation:

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8 0
3 years ago
Job Shadows typically last<br> six weeks<br> half day<br> one to three days<br> one semester
Inessa05 [86]
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7 0
3 years ago
Machinery was purchased for $460000 on January 1, 2022. Freight charges amounted to $15000 and there was a cost of $34000 for bu
Andrews [41]

Answer:

The amount of accumulated depreciation at December 31, 2023 = $88,800.

Explanation:

<u>Determining the actual acquisition cost.</u>

The actual acquisition cost = Purchase value + freight charges + Installation costs.

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The actual acquisition cost = $509,000.

<u>Determining the depreciable cost.</u>

The depreciable cost = acquisition cost - Salvage value.

The depreciable cost = 509,000 - 65000.

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<u>Determining annual depreciation expense.</u>

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Annual depreciation expense = 444,000 / 10.

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<u>Determining the accumulated depreciation .</u>

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The accumulated depreciation = 44,400 × 2.

The amount of accumulated depreciation at December 31, 2023 = $88,800.

6 0
3 years ago
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