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daser333 [38]
3 years ago
11

Which of the following statements is FALSE?a.A financial intermediary specializes in the production of information.b.A financial

intermediary reduces its risk exposure by pooling its assets.c.A financial intermediary benefits society by providing a mechanism for payments.d.A financial intermediary may act as a broker to bring together funds deficit and funds surplus units.e.A financial intermediary acts as a lender of last res
Business
1 answer:
photoshop1234 [79]3 years ago
4 0

Answer:

The answer is E.

Explanation:

Only the option E is wrong.

A Financial intermediaries are commercial banks, investment banks, insurance companies etc. Only the Central bank of every nation acts as a lender of last resort. This means it renders help to financial intermediaries when their liquidity position is in question or in danger.

For example, in U.S, Reserve Bank or the Bank of England in Great Britain acts as the bank of last resort. They are the central bank.

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Spartan Corporation estimates that it will incur $200,000 of total manufacturing overhead cost at an estimated activity level of
bagirrra123 [75]

Answer:

Applied manufacturing overhead is $4,000

Explanation:

Given,

Total manufacturing overhead = $200,000

Activity level = 10,000 DLH

Predetermined overhead rate = \frac{Manufacturing\ overhead\ cost}{Activity\ level}

=\frac{200,000}{10,000}

=$20

Manufacturing overhead applied = predetermined rate × time required

                                                       = 20 × 200

                                                       = $4,000

Therefore, manufacturing overhead of $4,000 is applied to the job.

3 0
3 years ago
Generally, revenue from sales should be recognized at a point when
qaws [65]

Answer:

D. none of these answer choices are correct.

Explanation:

The principle of revenue recognition occurs when the revenue is realized or earned either cash is received or not and it also serves the accounting accrual basis. Realizable also means that the buyer gets the product but the payment is made afterward.

In this, it does not depend on cash transactions.  

Hence, the option D is correct

3 0
3 years ago
TRUE OR FALSE FOR BRAINLIEST ANSWER, I'LL REPORT IF WRONG When one party substantially performs, the other can demand full perfo
Luda [366]

Answer:

true

Explanation:

3 0
3 years ago
On August 20th, one of your employees comes to you with a vacation request. The employee’s available vacation time expires on Se
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Answer:

No

Explanation:

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