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4 years ago

Banking is a general term of what

1 answer:

5 0

Corporation chartered by a state to engage in international banking; so named because the corporation enters into an "agreement" with the Board of Governors to limit its activities to those permitted an Edge Act corporation. Typically organized as a subsidiary of a bank, an agreement corporation may conduct activities abroad that are permissible to foreign banks abroad but that may not otherwise be permissible for U.S. banks.

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Middlesex manufacturing uses a predetermined overhead rate based on direct labor cost to apply manufacturing overhead to jobs. L

valkas [14]

Answer:

Under applied = - 40000

Explanation:

Given the estimated manufacturing overhead = $1200000

The direct labor hour = 50000

Direct labor wage rate = $12 per hour

Actual overhead value = $1340000

Now first find the pre-determined overhead rate.

Pre-determined Overhead Rate = 1200000/50000 = 24

Now find the applied overhead.

Now the Applied Overhead = 650000/12 × 24 = 1300000

Given Actual Overhead = 1340000

Under applied = 1300000 - 1340000 =- 40000

8 0

3 years ago

Mary’s hourly wage is twice that of John’s. John’s and Dennis’ hourly wages together total $60. If Dennis earns 1/3 of John’s ra

kolezko [41]

Answer: $90

Explanation: This problem can be solved by using following equation :-

Let John's hourly wage rate be J, Mary's hourly wage rate be M and Dennis hourly wage rate be D, therefore :-

Mary's rate will be :-

M = 2J............equation 1

AND,

J + D = $60 ..... equation 2

Similarly,

D = 1/3J

Now,putting the value of D in equation 2 we get,

J + 1/3J = $60

J = $45

Putting the values of J in equation equation 1 we get,

M = 2 * $45

= $90

So, Mary's hourly wage rate is $90

3 0

3 years ago

You are cautiously bullish on the common stock of the Wildwood Corporation over the next several months. The current price of th

lys-0071 [83]

Answer:

650

Explanation:

A call option is an option to buy a product or asset at a stated price at a later date. The risk of call option is capped at premium for buying the option. Wildwood corporation will incur cost of 650 to establish the bull money spreads with calls.

8.5 +4.5 = 13

13 * $50.00 = $650

3 0

3 years ago

Bacon Company makes four products in a single facility. These products have the following unit product costs: Products A B C D D

vredina [299]

Answer:

minutes of grinding= 60,468 minutes

Explanation:

Giving the following information:

Grinding minutes per unit:

Product A= 3.80

Product B= 5.30

Product C= 4.30

Product D= 3.40

Monthly demand in units:

Product A= 4,260

Product B= 4,260

Product C= 3,260

Product D= 2,260

A total of 54,900 minutes is available per month on these machines.

minutes of grinding= Total product A + Total product B + Total product C + Total product D

minutes of grinding=4260*3.80 + 4260*5.3 + 3260*4.3 + 2260*3.4= 60,468 minutes

8 0

3 years ago

Real per capita GDP in Taiwan in 1961 was about $500, but it doubled to about $1000.00 by 1981. a. What was the average annual e

aliya0001 [1]

Answer:

the average annual economic growth rate in Taiwan from 1961 to 1981 was 41.42%

Explanation:

Hi, we need to use the following formula.

$FV=PV(1+r)^{t}$

Where:

FV = GDP in 1981 ($1,000)

PV = GDP in 1961 ($500)

r = growth rate

t = years from 1981 to 1961 (20 years)

So, it should look like this:

$1,000=500(1+r)^{20}$

Now, we solve for "r"

$\frac{1,000}{500} =(1+r)^{20}$

$2=(1+r)^{20}$

$\sqrt[20]{2} -1=r$

$r=0.4142$

So, the growth rate of Taiwan´s GDP is 41.42%

Best of luck.

5 0

3 years ago