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4vir4ik [10]
3 years ago
8

The Federal Reserve provided a loan to finance J. P. Morgan's purchase of Bear Stearns because Bear Stearns was too: A. intercon

nected with other banks to let fail. B. important to the check clearing process to let fail. C. large of a holder of U.S. Treasury deposits. D. big to let fail.
Business
1 answer:
Crank3 years ago
4 0

Answer:

D) big to let fail.

Explanation:

Once JP Morgan decided to purchase Bear Stearns, the FED agreed to offer JP  Morgan a $29 billion credit line against an estimated $30 billion worth of mortgage related assets owned by Bear Stearns.

This was a political decision since the collateral was not really worth $30 billion, a lot of it were just junk securities. But Bear Stearns was viewed as too big to fail, which means that its bankruptcy could cause a ripple effect that could damage the whole economy.

Actually the whole economy was damaged, although those who supported the idea of giving more money to those who ruined you, say that the damage would have been worse if the bailouts hadn't occurred.

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McKendrick Shoe Store has a beginning inventory of $45,000. During the period, purchases were $195,000; purchase returns, $6,000
NikAS [45]

Answer:

d. $249,000

Explanation:

cost of goods available for sale

= $45,000 + $195,000 - $6,000 + $15,000

= $249000

Therefore, The cost of goods available for sale was $249000.

6 0
3 years ago
Which is the following one of the first things you should do when preparing to present yourself to an employee
kotegsom [21]
What are the options?
8 0
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State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash fl
Ivanshal [37]

Answer:

    Effect of Transaction on Cash Flows

     Effects                     Amount

1.   Cash Payment         $239,000

2.  Cash Receipt           $252,000 (12000*$21)

3.  Cash Receipt           $91,400

4.  Cash Payment         $491,000

5.  Cash Payment         $86,000

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7.  Cash Payment         $353,400 (6,200*$57)

8.  Cash Payment         $36,100 [1.90*(23,000-4,000)]

5 0
3 years ago
Cynthia was charged $300 for specialist office visit her and indemnity policy will pay $125; what amount will she have to pay?
almond37 [142]
<span>Cynthia will have to pay the $175 that was not covered by her indemnity policy. An indemnity policy typically pays a fixed amount for qualified medical services, with the policy-holder responsible for the balance.</span>
5 0
3 years ago
Intel achieved success by using the "Intel Inside" advertising campaign and logo that appears on many brands of PCs. This is an
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Answer: product differentiation

Explanation:

From the question, we are informed that Intel achieved success by using the "Intel Inside" advertising campaign and logo that appears on many brands of PCs.

This is an example of a barrier to entry which is known as product differentiation. Poduct differentiation is when a company makes its product different from other similar products so that the product will be more attractive and unique from others.

7 0
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