Depository institutions---is a financial institution (such as a savings bank, commercial bank, savings and loan association, or credit union) that is legally allowed to accept monetary deposits from consumers.It contribute to the economy by lending much of the money saved by depositors.
financial non depository institutions are financial intermediaries that do not accept deposits but do pool the payments of many people in the form of premiums or contributions and either invest it or provide credit to others. Hence, nondepository institutions form an important part of the economy. These institutions receive the public's money because they offer other services than just the payment of interest. They can spread the financial risk of individuals over a large group, or provide investment services for greater returns or for a future income.
Nondepository institutions include insurance companies, pension funds, securities firms, government-sponsored enterprises, and finance companies. There are also smaller nondepository institutions, such as pawnshops and venture capital firms, but they constitute a much smaller portion of sources of funds for the economy
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Answer: $45,000
Explanation:
Given that,
Accounts receivable = $ 5,000
Sales revenue = $75,000
Cash = $15,000
Salaries and wages expense = $20,000
Rent expense = $10,000
Net income = Sales revenue - Salaries and wages expense - Rent expense
= $75,000 - $20,000 - $10,000
= $45,000
Answer:
Cash Basis adjustments -12,000
Explanation:
Adjustments to convert company's income statement to cash basis:
Depreciation Expense $20,000
Gain on sale of long term Investment - $ 10,000
Loss on sale of equipment $2,000
Increase in Account receivable -$40,000
Decrease in Prepaid Expense $4,000
Increase in Inventory -$50,000
Increase in Accounts Payable $63,000
Decrease in Accrued Liability -$9,000
Increase in Deferred Tax Payable $8,000
A repeated pattern of spikes or drops in demand associated with certain times of the year in a time series is called "Seasonality"
<h3>What is Seasonality?</h3>
Seasonality is a property of a time - series data that occurs when the data goes through predictable and recurring changes on a yearly basis. Seasonal refers to any predictable variation or pattern that repeats or repeats over the course of a year.
Some characteristics of seasonality are-
- Seasonality is the term used to describe predictable changes that take place over the course of a year in an economy or business based on the seasons, such as the calendar and commercial seasons.
- Stocks & economic trends can be analyzed using seasonality.
- Businesses can use seasonally to inform choices about inventory levels and employee scheduling, for example.
- Retail sales, which normally see increased spending during the 4th quarter of calendar year, are one instance of a seasonal measure.
To know more about seasonal index, here
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The answer would be economic, I hope this helps!
