1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Tanzania [10]
4 years ago
6

Which act permitted the creation of full-service financial institutions that could engage in in banking, insurance, and securiti

es activities?
Business
1 answer:
Igoryamba4 years ago
5 0

Answer:

Financial Services Modernization Act

Explanation:

The Financial Services Modernization Act also called The Gramm–Leach–Bliley Act was enacted in 1999 and it removed barriers that prohibited an insitution to act as a combination of investment bank, commercial bank and insurance company. This law allowed companies in the financial industry to integrate their operations. According to this, the act that permitted the creation of full-service financial institutions that could engage in banking, insurance, and securities activities was the Financial Services Modernization Act.

You might be interested in
tangshan China's stock is currently selling for $160.00 per share and the firm's dividends are expected to grow at 5 percent ind
Aloiza [94]

Answer: Tangshans required rate of return according to CAPM= 3+1.2*(8-3)

R=9%

Intrinsic Value= 5.5*1.05/0.09-0.05= $144.375

Stock is Overvalued as its intrinsic value is $144.375 but it is selling in the market for $160

Explanation:

7 0
3 years ago
Krista's dry-cleaning business incurs $900 per month in fixed costs. Last month her total output was 3,000 pounds of clothes. Th
nikdorinn [45]

Answer:

increased; 3.33 cents

Explanation:

Fixed cost is cost that doesn't vary with unit produced. It remains constant

Average fixed cost = Fixed cost/ output

Average fixed cost last month = $900 / 3000 = $0.3

Average fixed cost this month = $900 / $2700 =$ 0.333

Average fixed cost this month ($0.333) is greater than Average fixed cost last month by $ 0.333 - $ 0.3 = $ 0.033 = 3.33 cents

I hope my answer helps you

3 0
3 years ago
a company had net cash flows from operations of $139,000, cash flows from financing of $368,000, total cash flows of $557,000, a
Vanyuwa [196]

The Cash flow on total assets ratio equals 3.8%.

Cash flow on total assets = cash flows from operations / average total assets

= 139,000 / 3,640,000 = 3.8%

A measure of profit called cash flow on total assets measures actual cash flows to the assets of the business without taking into account income recognition or income measurements. By dividing operating cash flows by average total assets, one can obtain the cash flow on total assets ratio. There may be a considerable reason for concern if the ratio falls below 10%. For a business to sustain long-term growth, it is necessary to have a positive cash flow, which essentially implies that more money goes into the till than it does out.

Learn more about Cash flow here:

brainly.com/question/28238360

#SPJ4

6 0
1 year ago
Some families may not wish to fill out a css profile because:
serious [3.7K]

Answer: It asks for detailed financial information

Explanation:A P E X

4 0
2 years ago
On September 1, Home Store sells a mower (that costs $120) for $420 cash with a one-year warranty that covers parts. Warranty ex
Otrada [13]

Answer: See explanation

Explanation:

The entry is prepared below:

Sep-01

Dr Cash $420

Cr Sales revenue $420

(To record the mower sales)

Sep-01

Dr Cost of goods sold $120

Cr Finished goods inventory $120

(To record the cost of mower sales)

Sep-01

Dr Warranty expense (6% x $420) = $25.20

Cr Warranty liability $25.20

(To record the estimated warranty expense)

Jan-24

Dr Warranty liability $29

Cr Repair parts inventory $29

(To record the cost of warranty repairs)

8 0
3 years ago
Other questions:
  • Which of the following is not a prohibited escrow-related activity? An escrow agent cannot disburse a real estate broker's commi
    5·1 answer
  • The cost of hardware, software, and telecommunications services needed to build a web site have ________ over the last decade.
    8·1 answer
  • Better Chocolates has a new project that requires $838,000 of equipment. What is the depreciation in Year 6 of this project if t
    12·1 answer
  • Write the short about the poison case against bhimsen thapa​
    14·1 answer
  • A survey by the National Restaurant Association found that 70% of consumers say that they are more likely to visit restaurants t
    8·1 answer
  • f-1. Assume that no intra-entity inventory or land sales occurred between Placid Lake and Scenic. Instead, on January 1, 2020, S
    14·1 answer
  • Romanova Inc. decides to sell an old piece of equipment and receives $5,000 cash for it. The original cost of the equipment was
    14·1 answer
  • Consider the three mutually exclusive alternatives below. Determine which alternative is preferable at an interest rate of 9% pe
    11·1 answer
  • Financial Statements from the End-of-Period Spreadsheet
    12·1 answer
  • Answer the above questions <br><br>don't spam <br>​
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!