All categories

3 years ago

A check drawn by a credit union on its account at a federally insured bank would be an example of a:

1 answer:

8 0

A check drawn by a credit union on its account at a federally insured bank would be an example of a cashier check. It is a type of check that is being issued by the bank being withdrawn from the own funds of the bank and being signed by the cashier of the bank. These are classified as guaranteed as funds since it is the bank that is held responsible for the payment of the amount. These are usually used in real estate and transactions pertaining to brokerage. This type of check has the name of the bank that issued it in an obvious location and it has improved security features like color shifting ink, security thread and watermarks.

You might be interested in

Your Economics instructor assigns your class to investigate factors associated with the gross domestic product (GDP) of nations.

emmainna [20.7K]

Answer:

The Correlation analysis “R” is measured to compute the strength of relationship among variables. Moreover, the value of correlation is calculated among -1 to +1. Which implies that if the computed value is near to -1 then there will be strong but negative relation and if near to +1 then it is strong but relation among the variable. However zero is consider as neutral point.

A. The computed value of correlation is - 0.772. The value identifies that that there is a strong but negative association among the variables (GDP and infant mortality rate).

B. The correlation analysis cannot computed among the variables continent and GDP because "continent" is a categorical variable not quantitative.

C. The computed value of correlation is higher than 1. Thus, the statement implies that there is a very strong relationship among life expectancy and GDP which is incorrect. As the association cannot be higher than 1.

D. There is a strong relationship among literacy rate and GDP as the relationship is nearer to 1. Furthermore, the association among literacy rate and GDP doesn’t suggest the causation.

E. The computed correlation among the variables is 0.90. Which indicated that the variables goes up. That is, when the GDP goes down the import is also decrease and when GDP increases the import increases Thus, the there is a positive correlation.

3 0

3 years ago

Match each type of bond with its description. a. Secured Secured drop zone empty. b. Callable bonds Callable bonds drop zone emp

Dovator [93]

Answer:

a. Secured bonds - A secured bond is a bond that is issued with a collateral backing the loan.

b. Callable bonds - A bond that the issuer can call off, or pay off, at any time, not necessarily at maturity.

c. Convertible bonds - A bond that can be converted into equity (stocks). If the bondholder wishes, he can exchange his bond for ownership of stocks in the bond issuer firm.

d. Term bonds - A bond that has one single, specific maturity date.

e. Serial bonds - A bond that has several maturity dates.

6 0

2 years ago

You are purchasing an equipment for $ 200,000 for your new store. Assume the store has no other expenses or revenues other than

djverab [1.8K]

Answer:

Negative cash balance of $210,000.

Explanation:

Given that,

cost of equipment = $200,000

Inventory purchased = $12,500

Cash balance = $2,000

Accounts payable = $4,500

Net cash flow at time zero:

= (cost of equipment) + (Increase in working capital)

= ($200,000) + (Inventory purchased + cash balance - Accounts payable)

= ($200,000) + ($12,500 + $2,000 - $4,500)

= ($200,000) + ($10,000)

= ($210,000)

Note: Negative values are in the parenthesis.

4 0

3 years ago

Ann Hopkins borrowed $60,000 for her child’s education. She must repay the loan at the end of 8 years in one payment with 512% i

mart [117]

The Maturity Value that Ann must pay is $89,461.

Assuming the rate of interest is compounded annually.

Given,

Principal value = $60,000 = P

Rate of interest = 5.12% = i

Number of years = 8 = T

Since maturity value = Amount

Now, using the formula for calculating the amount,

Amount = P × {(1+i)^T}

Now, substituting the given values in the above formula for amount we get,

Amount = $60,000 × {(1+0.0512)^8}

= $60,000 × {(1.0512)^8}

= $60,000 × 1.49101776418

= $89,461.0658

= $89,461 (Approximately)

Hence, The Maturity Value that Ann must pay is $89,461.

Learn more about maturity value:

brainly.com/question/9099365

#SPJ1

7 0

2 years ago

Vilas Company is considering a capital investment of $190,900 in additional production facilities. The new machinery is expected

makvit [3.9K]

Answer:

See below.

Explanation:

For payback period we use,

Payback = Initial outlay / Annual cash flow

Payback = 190,900/49,900 = 3.82 years

Annual rate of return is calculated as follows,

Annual rate of return = Average profit / Initial outlay *100%

Annual Rate of return = 11600/190,900) *100% = 6.08%

To calculate the NPV we discount the cash flows.

12% annuity factor for 5 years = 3.6048

PV of cash flows = 49,900*3.6048 = $179,879.52

NPV = 179879.52 - 190,900 = -$11,020.48 (negative)

Hope that helps.

4 0

3 years ago