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4 years ago

11

All of the following are functions of the Federal Reserve System except:(A)Auditing member banks(B)Acting as an agent for the U.

S. Treasury(C)Fixing the prime rate for commercial banks(D)Lending to commercial banks

1 answer:

Mariulka [41]4 years ago

6 0

Answer:(D)Lending to commercial banks

Explanation:

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The Nandina Corporation was formed and began operations on July 1, 2018, and incurred the following expenses during the year: St

Cerrena [4.2K]

Answer:

$110.00

Explanation:

Nandina Corporation

The amount of amortization expenses for 2018

State fees for incorporation $800

Legal and accounting fees incident to organization 1,500

Temporary directors’ fees 1,000

Total $3,300

Hence:

$3,300/180 months x 6 months

= $110.00

Therefore the amount of its amortization expense for 2018 will be $110.00

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3 years ago

Short-term, intermediate-term, and long-term goals are similar in that all represent important financial objectives to be accom

lbvjy [14]

Answer:

Though its not explicity mentioned in the question, I am assuming you want to know the correct option. The correct option in this case is option 2.

Explanation:

As stated in the question, the difference in classifying goals as either long term, short term or intermediate depends on the time frame involved.

Short term goals can be achieved in a few months generally and are set to define goals with the time horizon of a maximum of 1 year.

A long term goal, as the term suggests, is one that takes a significant amount of time. Generally, long term goals are set using a time frame of 10 years.

Given that long term goals cover a longer time period while a short term goal covers a span of 1 year, individuals many times set intermediate goals to keep them motivated. Intermediate goals therefore generally cover a time frame of 2 to 5 years.

Therefore, in the context of the question, these three types of goals can take from 1 to 10 years to accomplish

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4 years ago

Sales data suggests that demand for Turnkey Software's products remains strong. However, a recent customer satisfaction survey i

kirza4 [7]

Answer:

Explanation:

Based on the scenario being described within the question it can be said that in this situation the analyst should focus on fully disclosing all of the available data and show that, while sales remain strong, the company must address its customer service situation. That is because customers are the heartbeat of the company and without them the company will ultimately go bankrupt.

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3 years ago

Grand Adventure Properties offers a 7 percent coupon bond with annual payments. The yield to maturity is 5.85 percent and the ma

tensa zangetsu [6.8K]

Answer:

The market price of this bond is: $1,069.8.

Explanation:

To calculate the market price of the bond, we have to use the following formula:

Bond Price= C*((1-(1+r)^-n)/r)+(F/(1+r)^n)

C= periodic coupon payments: $1,000*7%= $70

F= Face value: $1,000

r= Yield to maturity: 5.85%

n= No. of periods until maturity: 8 years

Bond Price= 70*((1-(1+0.0585)^-8)/0.0585)+(1,000/(1+0.0585)^8)

Bond Price= 70*((1-0.635)/0.0585)+(1,000/1.58)

Bond Price= 70*6.24+633

Bond Price= 436.8+633

Bond Price= 1,069.8

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3 years ago

Sydney wins a prize. She has a choice of receiving a payment of $160,000 immediately or of receiving a deferred perpetuity with

Mamont248 [21]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

She has a choice of receiving a payment of $160,000 immediately or of receiving deferred perpetuity with $10,000 annual payments, the first payment occurring in exactly four years.

A) i= 5%

First, we need to determine the value of the perpetuity four years from now.

Perpetuity= 10,000/0.05= 200,000

Now, we can calculate the present value:

PV= 200,000/(1.05^4)= $164,540.50

B) i= 6%

Perpetuity= 10,000/0.06= $166,666.67

PV= $166,666.67/1.06^4= $132,015.61

C) She should consider her necessities of cash and the value of the products she can purchase now.

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3 years ago