All categories

3 years ago

Which of the following best describes cooperative lending associations?

1 answer:

5 0

The answer is letter D.

Credit unions are perfect descriptions of cooperative lending associations. The other three choices are granted either by government or by private institutions. Credit unions are usually composed of people who have agreed in mutual trust about their lending and borrowing policies.

You might be interested in

Sunlight Design Corporation sells glass vases at a wholesale price of $4.50 per unit. The variable cost to manufacture is $1.75

guapka [62]

Answer:

D) 5182 glass vases

Explanation:

Contribution per glass vases:

$4.5 selling price - $ 1.75 variable cost= 2.75

Operating income:

29,000 units x $ 2.75 - $ 8,500 = $71,250 operating income

Target income is to obtain a 20% increase:

71,250 x (1 + 20%) = 85,500 target income:

units needed for target income:

(85,500 target income + 8,500 fixed cost) / 2.75 contribution per unit= 34.181,81

aditional glass vases needed for target income:

34,182 - 29,000 = 5,182

3 0

3 years ago

Criminal investigation help please

Yakvenalex [24]

It cant be B because the exit wound is usually big , so im going with A

5 0

3 years ago

Read 2 more answers

“Wealth Management Crisis aat UBS” (see file attached)

Delicious77 [7]

1. Based on the “Wealth Management Crisis at UBS,” my opinion is that the government and national culture of Switzerland, the U.S. Treasury, and some corrupt governments around the world, played a major role in aiding the tax fraud scandal committed by more than 52,000 U.S. residents.

The extent to which the corporate culture of UBS also contributed to the scandal is that the bank continued to help these U.S. residents to hide billions of dollars in untaxed assets. Why should the bank deliberately hide accounts for U.S. residents?

2. The global financial crisis between 2007 and 2009 helped in uncovering the secret accounts and tax fraud scandal because its challenges encouraged the U.S. Department of Justice (DOJ) decided to investigate the tax frauds committed by foreign account holders.

The implication is that without the global financial crisis, the investigations that uncovered the tax fraud would not have been initiated by the U.S. Department of Justice (DOJ) soon.

3. It matters to the entities that could have been impacted by the scandal. For instance, the U.S. Treasury was being deprived of hundreds of millions of dollars in taxes, according to the report.

Without the bailment from the Swiss government, UBS would have collapsed. Many account holders would have lost their savings in the process.

There is no way no losses would not have been incurred if the scandal continued.

4. Importantly, we are not supposed to wait for the next global recession to uncover similar financial scandals and tax frauds around the world.

Thus, tax havens, like the UBS, must come under rigorous investigations from time to time. Such regular investigations would deter would-be tax fraudsters and assets looters from committing to hiding their accounts.

Learn more about asset looting and Wealth Management crises at brainly.com/question/24554162 and brainly.com/question/25664180

7 0

2 years ago

The bookkeeper at Jefferson Company has not reconciled the bank statement with the Cash account, saying, "I don't have time." Yo

IgorC [24]

The April ledger accounts for cash showed is :

JEFFERSON COMPANY

Bank Reconciliation, April 30, Current Year

Company's Books Bank Statement

Ending balance per cash account 26100 Ending balance per bank statement 23690

Additions: Additions:

Interest collected 1320 Deposits in transit 7200

1320 7200

27420 30890

Deductions: Deductions:

NSF—A. B. Wright 270 Outstanding checks 3800

Bank charges 60

330 3800

Correct cash balance 27090 Correct cash balance 27090

General Journal Debit Credit

1 Cash 1320

Interest revenue 1320

2 Accounts Receivable—A. B. Wright 270

Cash 270

3 Bank service charge expense 60

Cash 60

Cash balance 27090

Total amount of cash 27090

Deposits in transit = 43300-36100 = 7200

In accounting, a well-known ledger is used to file all of an agency's transactions. inside a general ledger, transactional data is organized into assets, liabilities, sales, fees, and proprietor's equity. After each sub-ledger has been closed out, the accountant prepares the trial stability.

Ledger wallets are USB storage devices that hold more than one currency offline. It shops your non-public keys on the tool, making it tough for online hackers to get admission to your bills. If the bodily tool is stolen, customers depend upon a 24-word backup recovery word to get the right of entry to saved cryptocurrencies.

Learn more about ledger here brainly.com/question/24835236

#SPJ4

5 0

1 year ago

Jill Gracie's current checkbook balance is $8,900.15. She opened up the bank statement and saw the bank's balance at $7,000.10.

Mrrafil [7]

Answer:

The reconciled balance is:

Explanation:

Cash 8900,15

Books

Cash receipts pending on bank -9821,55

Checks written 7986,05

Checks written not recorded -49,55

Banks

Bank service fee -48,1

Interest earned 33,1

Bank conciliation 7000,1

Bank account 7000,1

7 0

3 years ago