A rightward shift of the supply of loans curve would

Which of the following statements regarding horizontal analysis is not true? Multiple Choice a.Percentage analysis involves comp

dalvyx [7]

Answer:

The answer is B In horizontal percentage analysis, a financial statement line item is expressed as a percentage of the previous balance of the same item.

Explanation:

Horizontal analysis of a balance sheet shows changes in individual assets, liability, and equity items over time.

Horizontal analysis of an income statement compares the amount of each item on a current income statement with the same item on an earlier income statement.

Horizontal analysis is used in financial statement analysis to compare historical data, such as ratios, or line items, over a number of accounting periods. Horizontal analysis can either use absolute comparisons or percentage comparisons, where the numbers in each succeeding period are expressed as a percentage of the amount in the baseline year, within the baseline amount being listed as 100%.

4 0

2 years ago

A student who receives a Direct Stafford Loan must complete the _____, in which he or she promises to repay the loan.

icang [17]

I think it's D

I hope it helped you!

7 0

3 years ago

Read 2 more answers

For years, the network administrator at your company performed off-site backups by putting a set of tapes in his home safe every

Oduvanchick [21]

Answer:

The disadvantages of cloud back-ups are:

It is relatively more expensive
Its' efficiency depends totally on the speed of the internet service provider. If the provider of the service has slow bandwidth and the internet is slow, then it may take a very long time to retrieve the backups.
Where there is no internet access at all, it becomes impossible to get the back-ups.

Explanation:

When companies opt to save a copy of their data on a location other than their physical location such as a remote server, it is referred to as Cloud-Backup. On-site back-ups on the other hand entail saving company data on a physical apparatus such as disks, drives, etc.

Data back-up is essential to maintain business continuity. If a business such as a telecommunications company lost all of its data including those of its customers, it most likely will go belly-up.

Another reason why people opt for Cloud-backup is that it saves the offers increased security and ease of maintenance.

Cheers

7 0

3 years ago

First National Bank charges 14.1 percent compounded monthly on its business loans. First United Bank charges 14.4 percent compou

mezya [45]

Answer:

For First National Bank = 15.05%

For first United bank = 14.92%

Explanation:

The computation of EAR for First National Bank and First United Bank is shown below:-

Effective annual rate EAR = (( 1 + i ÷ n)^n) - 1

as

I indicates the annual interest rate

n indicates the number of the compounding period

For First National Bank

Annual interest rate i = 14.1%

Effective annual rate EAR is

= ((1 + 0.141 ÷ 12)^12) - 1

= 1.1505 - 1

= 0.1505

or

= 15.05%

For first United bank

Effective annual rate EAR is

= (( 1+ 0.144 ÷ 2)^2) - 1

= 1.1492 -1

= 0.1492

or

= 14.92%

3 0

2 years ago

Swifty Company issued $456,000 of 10%, 20-year bonds on January 1, 2020, at 101. Interest is payable semiannually on July 1 and

Roman55 [17]

Answer:

Swifty Company

a) Issuance of the bonds:

Debit Cash Account $460,560

Credit Bonds Payable $456,000

Credit Bonds Premium Amortization $4,560

To record the bonds issue and related premium.

b) Payment of interest and related amortization on July 1, 2020:

Debit Interest on Bonds $22,686

Debit Bonds Premium Amortization $114

Credit Cash Account $22,800

c) Accrual of interest and the related amortization on December 31, 2020:

Debit Interest on Bonds $22,686

Debit Bonds Premium Amortization $114

Credit Cash Account $22,800

Explanation:

The total cash received from the bonds issuance is $456,000 x 101% = $460,560. This amount includes the bonds premium amounting to $4,560, which is the difference between the amount received and the actual value of the bonds. This amount will be amortized on a straight-line basis over 20 years, semi-annually at $114.

8 0

3 years ago