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Lisa [10]
3 years ago
7

The Financial Services Modernization Act allowed bank holding companies to open insurance underwriting affiliates and allowed in

surance companies to open banks.
True/False
Business
1 answer:
tangare [24]3 years ago
6 0

Answer:

The correct answer to the following question will be "True".

Explanation:

  • Towards the latter half of the 20th century, various banking and financial–investment banking, corporate finance, and insurance became more and more intertwined.
  • It required banks to hold organizations to establish associated insurance firms and authorized insurers to operate banking.

Therefore, the given statement is True.

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Stan, an air conditioning and heating technician, files a suit against Temp-Set Corporation, alleging that its thermostats are u
vova2212 [387]

Answer:

knowledgeable user

Explanation:

Knowledgeable user is a term that refers to particular users of a specific product, that must possess certain qualifications to use that specific product. In the case of knowledgeable users, the manufacturer of the product is not require to warn these users about the dangers of using their product.

In this case, Stan as an air conditioning and heating technician should know about the dangers of using electrical thermostats because of his profession.

5 0
3 years ago
Stanley Inc. must purchase $6,000,000 worth of service equipment and is weighing the merits of leasing the equipment or purchasi
slega [8]

Answer:

$207,215

Explanation:

Loan Payment :

5 years, Loan = $6,000,000, Interest rate = 10%, Each payment = $1,790,000

using a financial calculator, N = 5, 1/Y = 10%, PV = - 6,000,000, FV = 0,

Calculating, PMT = $1,582,725

Therefore, difference = $1,790,000 - $1,582,725 = $207,215

8 0
3 years ago
A mobile veterinary business, preferred pet care, inc., created a mission statement long before it opened its doors for business
Artemon [7]
I had to look for the options and here is my answer:
Based on the mission of a mobile veterinary business given above, aside from the ones listed, other criteria that should be considered for their mission statement is the description of the customers that they serve and also their social responsibility to the area where they operate since they transfer from one place to another.

5 0
3 years ago
At the end of the fiscal year, the usual adjusting entry for depreciation on equipment was omitted. Which of the following state
Anton [14]

Answer:

c. Net income will be overstated for the current year.

Explanation:

Depreciation is defined as the reduction in the value of an asset over the period of it's useful life.

The deductions are calculated and taken out of the asset value on the balance sheet.

The adjusting entry for depreciation at the end of year is a debit to Depreciation Expense and a credit to Accumulated depreciation.

If this entry is no passed it means that Depreciation Expense is not recognised for that year.

Net income will be overstated because generally expenses will be understated.

5 0
3 years ago
Which non-income factor for a potential job would influence a person who values easy access to entertainment and culture?
Vaselesa [24]

Answer:

C

Explanation:

Do to the rEASON I FOUND ONLINE

4 0
2 years ago
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