Explanation:
First, Depository institution
Institution that collect money from people and pay interest . You may can deposit your cash and withdraw it anytime . If you put longer they pay interest. Interest may be fixed or variable. On other words, from that institution you can send your money to other people ,can get credit or debit card to withdraw or shopping. They gave you loans. Such institution are:
Commercial bank , Saving institution,credit union and so on.
In last remember that those who pay you interest ,give loan facilities, business transaction and collect your money they are Depository. They have 3 types of account for people who want to deposit their money. 1. Current account 2. Saving Account 3. Fixed
Non Depository institution
Where you cannot put your money and withdraw it . You would not get interest. They are intermediary between borrowers and saver. They are:
Mutual funds: where you buy scheme in units. It like investment . Then they pay you bonus and even you can sales it on market. Don't confuse mutual funds collect money from public invest it on market and share their profit.
Insurance companies: they insure your belonginess. They pay when your things goes beyond the normal level. Like. Car theft,goods damage.
Pension fund:
Security firms: investment companies ,broker house.
N.B: I don't understand your question fully and neither can i find the complete question anywhere on the internet so im going to answer this sentence and hope it helps you.
Answer:
True
Explanation:
When a company has employees from different backgrounds and with different skills set, it helps the company come up with a lot of innovations that cuts across different cultures, thereby expanding their own range of services and/or goods. Also it helps in problem solving as each employee can come to the table with various ways of solving a problem.
This situation can be called diversity of thoughts.
Cheers.
Answer:
ill answer shortly just leaving it here os i dont forget about it
Explanation:
If a group of students are measuring the number of paper bags brought to a recycling center in a single day, they are collecting data.
Stating a hypothesis is making an educated guess as to how many bags would be brought to the recycling center each day.
Drawing a conclusion would be when all of the data has been collected and examined.
Analyzing data would be going back to look at the collected data from the research project to see if the hypothesis was correct, what determinations were made and if any discoveries were made.
Answer:
Date, bonds sold at a premium
Dr Cash 5,500,000
Cr Bonds payable 5,000,000
Cr Premium on bonds payable 500,000
Explanation:
The total face value of the bonds is $1,000 x 5,000 bonds = $5,000,000
since the bonds were sold at 110, their price was $5,000,000 x 110% = $5,500,000
the difference between the face value and the actual market price = $5,500,000 - $5,000,000 = $500,000 must be recorded as premium on bonds payable (increases the bonds' carrying value)
