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3 years ago

A guarantee issued by an FI that obligates the FI to pay if the purchaser of the letter defaults on a debt is called a:

Business

2 answers:

Alexandra [31]3 years ago

6 0

Answer: C. credit swap agreement.

Explanation:

A credit default swap ( CDS ) is a kind of investment where you are mandated to pay someone, so they will pay you in an event where the party involves or company defaults in its payment obligated to you. This is made so because in an event where you are to recive payment and you are defaulted the Fl for you covered.

MrRa [10]3 years ago

5 0

Answer:

E. None of the options

Explanation:

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What is the importance of salesmanship

Veronika [31]

Answer:Salesman helps the consumers in making the right decision and proper selection of the products which they want to buy.

Explanation:

7 0

3 years ago

Read 2 more answers

Valutech Manufacturing uses job order costing for its production of MP3 players. The cost incurred for the current year for the

lyudmila [28]

Answer:

$65 per unit

Explanation:

For computing the cost per unit first we have to determine the cost of goods manufactured which is shown below:

Cost of goods manufactured = Opening work in process + direct material cost + direct labor cost + manufacturing overhead cost - ending work in process

= $10,000 + $12,000 + $6,000 + $4,000 - $6,000

= $26,000

And, there is a production of 400 MP3 players

So, the cost per unit is

= $26,000 ÷ 400 MP3 players

= $65 per unit

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2 years ago

How can I find a good job???

Semmy [17]

Life guarding is a really good first job for high school students. Start applying to local pools or water parks, whatever you have in your area. I live in vegas and hotels are always looking for lifeguards around this time

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3 years ago

Read 2 more answers

Because your mother is about to retire, she wants to buy an annuity that will provide her with $75,000 of income a year for 20 y

siniylev [52]

The calculated present value of the annuity is $915,166.70.

Explanation and Solution:

Annuity is a collection of fixed payments made or earned either at the close or at the beginning of any term such that a significant initial payment or receipt may be turned into a set of comparatively minor payments or receipts. An annuity that lasts indefinitely is called perpetuity.

The formula for the present value of the annuity is given by:

$P = \frac{1- (1+i)^{-n} }{i} * R$

Where;

R = annual payment = $75,000

i = interest rate = 5.25%

P = Present value of annuity

n = number of years = 20 years

P = $\frac{1- (1+5.25)^{-20} }{5.25} * 75,000$

P = $915,166.70

5 0

3 years ago

A food manufacturer reports the following for two of its divisions for a recent year.

hram777 [196]

Answer:

1. 13.8% and 14.6%

2. 13.6% and 16.5%

3. 1.01 times and 0.88 times

Explanation:

The computations are shown below:

1. Return on investment = Operating Income ÷ Average invested Assets

where, average invested assets would be

= (Invested assets, beginning + Invested assets, ending) ÷ 2

For Beverage Division, it would be

= $366 ÷ {($2,696 + $2,610) ÷ 2}

= $366 ÷ $2,653

= 13.8%

For Cheese Division, it would be

= $651 ÷ {($4,489 + $4,417) ÷ 2}

= $651 ÷ $4,453

= 14.6%

2. Profit margin = (Operating income ÷ sales) × 100

For Beverage Division, it would be

= ($366 ÷ $2,698) × 100

= 13.6%

For Cheese Division, it would be

= ($651 ÷ $3,942) × 100

= 16.5%

3. Investment turnover = Sales ÷ Average Operating Assets

For Beverage Division, it would be

= $2,698 ÷ {($2,696 + $2,610) ÷ 2}

= $2,698 ÷ $2,653

= 1.01 times

For Cheese Division, it would be

= $3,942 ÷ {($4,489 + $4,417) ÷ 2}

= $3,942 ÷ $4,453

= 0.88 times

7 0

3 years ago