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3 years ago

The acronym now, when used by financial institutions, stands for ________ and is a type of interest-bearing checking account.

1 answer:

5 0

The answer is negotiable order of withdrawal or short for the acronym NOW. The acronym NOW, when it is used in terms of financial institutions, in stands for Negotiable Order of Withdrawal, it is a type of interest-grossing checking account wherein a patron or customer is allowed to create drafts against cash held on deposit or in short words, the owner of the account can write an unlimited amount of checks for drafts or to be used.

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Assuming the correlation between the annual returns on the two portfolios is indeed zero, what would be the optimal asset alloca

den301095 [7]

Since you provide no relevant number,

In order to find out the optimal Asset allocation, you should find out which investment opportunities that Provide the highest return with the lowest standard deviation in the risk department

hope this helps

4 0

3 years ago

One of the top-selling items at a gift shop at Hilo, HI are autographed pictures of Jack Star. Sales are 18 pictures per week, a

ValentinkaMS [17]

Answer:

a. 54

b. 810 dollars

c. 390 dollars

d. 75 pictures

e. 561.6 dollars and 562.5 dollars

f. 38 pictures

Explanation:

demand per week = 18 pictures

annually this demand = 18 *52 = 936

charge per unit = 60 dollars

order for 6 weeks = 6*18 = 108 quantities

cost of ordering = 45 dollars

cost of holding annually = 15 dollars

a. current average inventory

= (18*6)/2

= 54 pictures

b. current annual holding cost

(108/2)*15

= 810 dollars

c. current annual holding cost

= 936/108 * 45

= 390 dollars

d. size orders to be placed

= $\sqrt{\frac{2*936*45}{15} }$

= $\sqrt{5616}$

= 74.9

≈ 75 pictures have to be ordered

e. ordering holding cost per picture

936/75 * 45

= 561.6 dollars

and inventory holding cost per picture

= 75/2 * 15

=562.5 dollars

f. shop inventory per year at optimal ordering quantity

= 75/2

= 37.5

≈ 38 pictures

4 0

3 years ago

Total time it takes to complete a business process

aliina [53]

1-4 weeks or less to make your own business.

4 0

4 years ago

Read 2 more answers

Emily is her family's kinkeeper. This means that she assumes responsibility for _____. the financial stability of the family car

gulaghasi [49]

Answer:

Gathering the family for holidays and disseminating information.

Explanation:

Emily is the kinkeeper of the family, which means she is the one who is responsible for nourishing the family members. Emily is liable to gather family member on different family occasions. Kinkeeper is also responsible for almost every family problem. Kinkeeper generally provides all the information to the member regarding family background and traditions.

3 0

3 years ago

During August, Boxer Company sells $348,000 in merchandise that has a one year warranty. Experience shows that warranty expenses

9966 [12]

Answer:

Dr Estimated Warranty Liability $8,600

Cr Spare Parts Inventory $8,600

Explanation:

The estimated warranty claim is worth $7,600 which means that the warranty claim must be debited by this amount as it was previously forecasted to be at $11,000 and in this month, the claim was worth $7,600. So decrease in warranty liability is necessary. Furthermore, the Spare Parts Inventory would be credited as the Spare parts would be used to fix the inventory which must be of $7,600 in value.

The double entry to record Warranty Repairs would be as under:

Dr Estimated Warranty Liability $8,600

Cr Spare Parts Inventory $8,600

3 0

3 years ago