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saw5 [17]
3 years ago
7

What is the main purpose of the FDIC?

Business
2 answers:
Anna11 [10]3 years ago
6 0

Answer: To insure bank deposits

Explanation:

This is a body established by law and charged with the responsibility of providing insurance cover for depositors fund saved in the commercial banks and other financial institutions in the country. It is a body set up with the aims of ensuring that depositors can sleep with their two eyes closed without having to entertain any fear about the safety of their hard earned money which they had saved in the banks.

One of the main functions of commercial banks is to accept deposit from their customers and assist them in keeping the money. Therefore, there may be occasioned whereby banks may go into liquidation or been in a state of distress either due to the mismanagement of the banks by the board of directors of the banks or due to all other factors. FDIC is there to ensure that depositors do not lose all their hard earned money due to the liquidation of the banks concerned in the country by ensuring that they are paid their money.

viva [34]3 years ago
4 0

Answer:

To insure bank deposits.

Explanation:

After the great depression the FDIC was created to insurance bank deposits and to give  stability and security to the financial system

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Sheridan Company uses the periodic inventory system. For the current month, the beginning inventory consisted of 485 units that
Kipish [7]

Answer:

Value of closing inventory = $25771.04

Explanation:

To calculate the value of ending inventory under a periodic average cost method, we will calculate the average price per unit of inventory at the end of the month. To calculate the average price per unit, we simply divide the total cost of the inventory by the total number of units for the month.

Average cost per unit = Total cost of all units for the month / Total units available for the month

<u />

<u>Total cost of all units:</u>

Beginning inventory (485 * 66)            32010

Purchase 1     (725 * 69)                        50025

Purchase 2     (364 * 71)                    <u>    25844</u>

Total                                                       107879

<u>Total Units</u>

Beginning Inventory     485

Purchase 1                     725

Purchase 2                    <u>364</u>

Total                              1574

Average cost per unit =   107879 / 1574

Average cost per unit = $68.54

Units of closing inventory = 1574 - 1198     =   376 units

Value of closing inventory =  376 * 68.54

Value of closing inventory = $25771.04

6 0
3 years ago
Changing the speed and tone of your depending on the type of example you are giving can affect how listeners respond to your spe
steposvetlana [31]

Answer: voice

Explanation:

3 0
2 years ago
After identifying various market segments that her company could pursue, Linda evaluated each segment's attractiveness based on
sashaice [31]

Answer:

Market Targeting

Explanation:

This is a process of identifying different segments of a market's attractiveness and identifying a particular one to enter.

It guides towards making the best decision at market selection stage ,that will be of a great value  to the organization..

The two basic stages involved are evaluating the market and selecting market target segments and targeting strategy.

Size and growth , attractiveness ,income , accessibility and availability of resources are factors to be considered during the process

8 0
3 years ago
According to the enotes, what do you call inventory that is readily available on the retail shelf?
Tems11 [23]

Market Inventory is the inventory that is readily available on the retail shelf. Both the products that are on hand for sale and the raw materials required to make those products are considered inventory. On the balance sheet of an organization, it is categorized as a current asset. A business should generally avoid keeping a large volume of inventory on hand for an extended period of time.

The three different categories of inventory are raw materials, finished commodities, and work-in-progress. The first-in, first-out method, the last-in, first-out method, and the weighted average method are the three methods used to value inventory. As items are produced or acquired as needed, inventory management enables organizations to reduce inventory expenditures.

To learn more inventory, click here

brainly.com/question/15118949

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8 0
1 year ago
You have ordered a black sweater from an Internet source but received a pink one instead. The website states that there are no r
kirza4 [7]
<h2>The contract is invalid.</h2>

Explanation:

  1. An online though it has some cons like "cannot touch and feel, color may slightly vary from the original to the picture given, quality cannot be measured, etc".
  2. But the scenario given here is the expected / ordered color is different from the received one and it is wrong that the website is not accepting.
  3. This website is not user-friendly and the fault from the website side is not accepted which once again re-insist the unfriendliness.
  4. Any website should allow the user to do easy exchange and returns because of various reason said in point no.1.
  5. If the website continues with same invalid contract, then it will lose its name and lose the customer too.
6 0
2 years ago
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