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3 years ago

"a(n __________ accepts savings and checking account deposits and provides home mortgage loans."

1 answer:

7 0

The answer that will fill in the blank is savings and loan association. It is because a savings bank has the capability of providing an individual the ability acquire loans and that they could save and deposit on their bank. The loan association also provide these instances for they have the capability to do so.

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You are borrowing money to buy a car. If you can make payments of $320 per month starting one month from now at an interest rate

Lilit [14]

Answer:

the present value is $12,151.67

Explanation:

The computation of the amount that should be borrowed today i.e. present value is shown below:

Given that

PMT = $320

Rate of interest = 12 ÷ 12% = 1%

NPER = 4 × 12 = 48

FV = $0

The formula is shown below

= -PV(RATE;NPER;PMT;FV;TYPE)

After applying the above formula, the present value is $12,151.67

7 0

3 years ago

Jazz Corporation receives management consulting services from its 90 percent owned subsidiary, Laker Inc. During 20X7, Jazz paid

galben [10]

Answer:

the amount of income that should be reported is $415,000

Explanation:

The computation of the amount of income that should be reported is shown below:

= Jazz separate operations income + laker net income

= $330,000 + $85,000

= $415,000

hence, the amount of income that should be reported is $415,000

Simply used the above formula to determine the consolidated income

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2 years ago

Self-interest helps achieve society's economic goals because as consumers and producers exercise their ____ to act in their own

aleksklad [387]

Answer:

Self-interest helps achieve society's economic goals because as consumers and producers exercise their freedom to act in their own self-interest markets will produce the desired goods at the lowest possible cost.

5 0

3 years ago

Select all that apply GAAP and IFRS rules ______. require that the same method be used for both internal and external segment re

Alexxandr [17]

Answer:

The correct options are "A, C, and D".

Explanation:

GAAP becomes regarded as a relatively 'rules-based' management framework, seems to be the accounting technique used throughout the United States
IFRS becomes quite 'principles-based', although this would be the accounting framework used in more than 110 countries throughout the globe.
These allow the same approach being used for international and domestic section reporting, which generate reconciliation issues.

4 0

3 years ago

Johnson Enterprises uses a computer to handle its sales invoices. Lately, business has been so good that it takes an extra 3 hou

azamat

Answer:

The old computer should be replaced since the differential amount of the replacing it with a new computer is $10,000

Explanation:

Old machine New machine Differential

amount

purchase cost $0 ($15,000) ($15,000)

operating costs year 1 ($24,600) ($19,600) $5,000

operating costs year 2 ($24,600) ($19,600) $5,000

operating costs year 3 ($24,600) ($19,600) $5,000

operating costs year 4 ($24,600) ($19,600) $5,000

operating costs year 5 ($24,600) ($19,600) $5,000

TOTAL ($123,000) ($113,000) $10,000

4 0

3 years ago