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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 It is a type of check that is being issued by the bank being withdrawn from the own funds of the bank and being signed by the cashier of the bank.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.

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The part of a stock's return that is systematic is a function of which of the following variables?

Shalnov [3]

Answer:

The part of a stock's return that is systematic is a function ofthe following variables:

I. Volatility in excess returns of the stock market

II. The sensitivity of the stock's returns to changes in the stock market

Explanation:

The Volatility in excess returns of the stock market and the The sensitivity of the stock's returns to changes in the stock market represent the part of the stocks return that is systematic

7 0

3 years ago

Windsor, Inc. reports the following for the month of June.

Vladimir [108]

Answer: Please refer to the explanation section

Explanation:

1 June Inventory Balance = 556 x $6 = $3336

12 June Purchase = 1112 x $7 = $7784

23 Purchase = 834 x $11 = $9174

1.Cost of Ending inventory (First in First Out Method)

First in First out method implies that inventory purchased first will be sold first., with this in mind, We Can conclude ending inventory units of 278 come from the inventory purchased on the 23rd of June.

Ending inventory units = 278 x $11 = $3058

Cost of good sold

Cost of goods sold = $3336 + $7784 + $6116*

Cost of goods sold = $17236

* (834 - 278 x $11)= 556 x $11 = $6116

Cost of Ending inventory Last In First Out

Last In First Out method implies that most recently purchased inventory will be sold first therefore We can conclude that the ending inventory units come from opening inventory units

Ending Inventory = 278 x $6 = $1668

Cost of goods sold = $9174 + $7784 + $1668*

Cost of goods sold = $18626

*(556 - 278) x $6 = 278 x $6 = $1668

2 FIFO Method gives a higher a higher ending inventory Balance ($3058) than LIFO Method ($1668). Ending inventory unit cost under FIFO Method is $11 while the ending inventory unit cost under LIFO Method is $6

3. LIFO Method Provides Higher Cost of goods sold ($18626) than FIFO Method ($17236). LIFO Method includes the entire units of inventory purchased on the 23 June costing $11 per unit while Cost of goods sold under FIFO Method has only 556 units from the units purchase on the 23rd of June costing $11 per unit

6 0

3 years ago

Read 2 more answers

16. GDP Growth Consider the following data on U.S. GDP: Year GDP (Billions of current dollars) (Billions of 2009 dollars) 2011 1

dmitriy555 [2]

Answer:

The percentage change in nominal GDP from 2013 to 2014 was 4.29%

The percentage change in real GDP from 2012 to 2013 was 1.48%

The percentage change in real GDP from 2012 to 2013 was higher than the percentage change in real GDP from 2011 to 2012. FALSE

Explanation:

In order to calculate this we just have to calculate the percentages with a rule of thirds:

$\frac{GDP1}{100}= \frac{GDP2}{x}$

To calculate the first one we use the nominal GDP which is the GDP with the current market value:

$\frac{GDP1}{100}= \frac{GDP2}{x}\\\frac{16,663.2}{100}= \frac{17,348.1 }{x}\\x=\frac{(100)(17,348.1}{16,663.2} \\x=4.29%$

To calculate the change in real GDP we use the values adapted to a pre-agreed monetary value, in this case the dollar at 2009:

$\frac{GDP1}{100}= \frac{GDP2}{x}\\\frac{15,354.6}{100}= \frac{15,583.3}{x}\\x=\frac{(100)(15,583.3}{15,354.6} \\x=1.48%$

To calculate the 2011 to 2012 we insert the values:

$\frac{GDP1}{100}= \frac{GDP2}{x}\\\frac{ 15,020.6}{100}= \frac{15,354.6}{x}\\x=\frac{(100)(15,354.6}{ 15,020.6} \\x=2.22%$

So with this we know that it is wasn´t higher the percentage change from 2012-2013, than that of 2011-2012

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3 years ago

During a certain six-year period, the consumer price index (CPI) increased by 50%, but during the next sis-year period, it incre

liberstina [14]

Answer:

D. Deflation

Explanation:

"Consumer Price Index" (CPI) measures the changes in the weighted average of prices of a market basket (consisting of consumer goods and services). It tells the cost of living for every consumer.

"Inflation" refers to the sustained increase of prices of goods and services while "deflation" refers to the sustained decrease of prices of goods and services.

In the situation above, the CPI is considered lower than before, thus deflation must have occurred during the second six-year period. It shows a negative inflation rate.

So, this explains the answer.

7 0

3 years ago

Angela has an annual contract with Stenbach Service Centre to provide property maintenance services; this includes lawn care, sn

timurjin [86]

Answer:

Angela and Stenbach Service Centre

Contract for Service and Contract of Service:

1. Angela has a contract for service.

2. Factors used to decide whether a contract is for service or of service:

a) Employment terms are slightly different from business contract terms.

b) Employees are paid Wages and Salaries, while contractors are paid fees.

c) Employees do not submit monthly invoices for payment, but contractors do.

d) Angela fills tax forms for herself and remits the taxes, so she is self-accounting with respect to her income taxes, unless withholding taxes like Sales taxes. An employee's income tax is deducted from her salary before payment and the company remits the taxes to the IRS.

Explanation:

The agreement between Angela, a self-employed individual, and Stenbach Service Centre is a contract for service. A contract of service is an employment contract between Stenbach Service Centre, the employer, and the Payables Supervisor, an employee, for example. Essentially, Angela can be described as an outsourcer for services vendor or service provider to Stenbach Service Centre, an outsourcer of service company. Angela is engaged for a fee to carry out property maintenance services, including lawn care, snow removal, and parking lot maintenance. She is an independent contractor with Stenbach. She does not need to work on any day and she can subcontract her work by hiring others to help her discharge the service. An employee, like Chris, cannot hire another person to discharge his responsibilities and must work on designed days.

Another important difference is that Angela submits monthly invoices for actual work done. An employee does not have to submit an invoice in order to be paid for work done. Angela's invoices will not be of the same amount from one month to the other, unlike Chris' whose salary pay sheet may be static in amount from month to month.

5 0

3 years ago