When a financial institution supplies a standardized financial product such as a mortgage, it is<u>: reducing transaction costs.</u>
<h3>What is an institution that manages and accommodates a nation's finances?</h3>
A central bank is a financial institution that is accountable for overseeing the monetary system and policy of a nation or group of nations, controlling its money supply, and setting interest rates.
<h3>Who uses financial institutions?</h3>
Almost everyone maintains a protection or checking account, uses debit or credit cards, or needs a loan. Online banking is an electronic way to view account training and pay bills via the Internet and an institution's website.
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Answer:
Risk is higher if a company has more assets.
Explanation:
All of the following statements are true and correct;
1. Higher financial leverage involves higher risk.
2. Risk is higher if a company has more liabilities.
3. The debt ratio is one measure of financial risk.
4. Lower financial leverage involves lower risk.
However, it is false and an absolutely incorrect to say risk is higher if a company has more assets.
A company having more assets would have a debt ratio less than one (1) because it has many assets to fund it's business. Thus, the company would have little or no debts and as such, it's risk portfolio is very low.
Hence, risk is lower if a company has more assets.
Answer:
The total fixed costs must be:
$36,000.
Explanation:
a) Data and Calculations:
Contribution margin ratio for the new product = 0.2
Target operating income = $60,000
Targeted sales volume in dollars = $480,000
Fixed costs = targeted sales volume in dollars multiplied by contribution margin ratio, minus target operating income
Fixed costs = ($480,000 * 0.2) - $60,000 = $36,000
b) The focus should be on the break-even formula for dollar sales with a target profit. When the formula is reversed, the fixed costs can be calculated as shown above.
Answer:
$3,753.59
Explanation:
Value of debt at end of 5 years = $21,000 * (1 + 6%)^5
Value of debt at end of 5 years = $21,000 * 1.3382255776
Value of debt at end of 5 years = $28102.7371296
Value of debt at end of 5 years = $28,102.74
Let x be the annual payments:
x*[1 - (1 + 9%)^-13] / 9% = $28,102.74
x * [1-0.32617864688] / 0.09 = $28,102.74
x * 7.486904 = $28,102.74
x = $28,102.74 / 7.486904
x = 3753.58626
x = $3,753.59
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