All categories

2 years ago

What a some different types of of financial institutions

1 answer:

7 0

Financial institutions are organizations that process monetary transactions, including business and private loans, customer deposits, and investments. Some examples of depository financial institutions are commercial banks and credit unions. Some examples of Non-depository institutions are mutual funds, Security Firms (Investment banking, Equity Broking), Pension Funds, and Insurance Companies.

You might be interested in

Jake’s Battery Company has two service departments, Maintenance and Personnel. Maintenance Department costs of $160,000 are allo

Inga [223]

Answer:

D. $96,000

Explanation:

We will allocate the cost on maintenance by first stablishing a rate per maintenence hour:

As this is direct method we aren''t doing an allocation to other service department we directly allocate against production department A and B

total hours: 480 + 320 = 800

160,000 total cost /800 hours = 200 per hour

Department B hours: 480

allocate to department B: 480 x 200 = 96,000

5 0

3 years ago

Your self-concept, personality type, and learning styles all affect your _____.

lyudmila [28]

Your self-concept, personality type, and learning style all affect your potential career choice

4 0

3 years ago

Read 2 more answers

Which of the following focuses on the ability of a company to earn profits? Select one: a. The inventory turnover b. The quick r

Ahat [919]

Answer:

c. The return on total assets

Explanation:

The inventory turnover deals with the turnover of inventory during the period i.e in how many times the inventory is sold or rejected or replaced, etc

The quick ratio checks the liquidity position of the company

The return on total assets refers to the profit gains on the total assets average

And, the fixed charge coverage ratio shows the payment of its all debts with the available earnings

So for earning profits, the return on total assets is a better option

4 0

3 years ago

What microeconomic factors point to the fact that your business should be successful? Be sure to provide evidence for your claim

SashulF [63]

The microeconomic factors that are important to consider in business is competition, the supply and demand, elasticity of the goods and similar variables. Depending on the business, each has factor has a unique impact which can either help or ruin the business.Thank you for your question. Please don't hesitate to ask in Brainly your queries.

5 0

3 years ago

Read 2 more answers

Last month when Holiday Creations, Inc., sold 42,000 units, total sales were $297,000, total variable expenses were $222,750, an

nika2105 [10]

Answer:

Results are below.

Explanation:

Giving the following information:

Sales in units= 42,000

Total sales= $297,000

Total variable expenses= $222,750

Total fixed expenses= $36,900

To calculate the contribution margin ratio, we need to use the following formula:

contribution margin ratio= (sales - total variable cost) / sales

contribution margin ratio= (297,000 - 222,750) / 297,000

contribution margin ratio= 0.25

Now, the effect on the income of an increase in sales:

Effect on income= contribution margin ratio*increase in sales

Effect on income= 0.25*1,800

Effect on income= $450 increase

7 0

3 years ago