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3 years ago

What are the difference classifications for deposit account

Business

1 answer:

erma4kov [3.2K]3 years ago

5 0

Answer:

Deposits accounts classified as currents accounts, savings accounts and money market accounts.

Explanation:

Deposit account is a kind of savings account which allows the person or an individual to deposit or withdrawn the money by the account holder. These transactions are recorded in the banks books and the resultant balance will be reported as a liability for the bank.

The several different kinds of deposit accounts involves money market accounts, current accounts, call deposit accounts, Certificates of deposit (CDs) and savings accounts.

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On January 1, 2021, Perez Co. issued at par $10,000 of 6% bonds convertible in total into 1,000 shares of Perez's common stock.

marusya05 [52]

Answer:

EPS = $4.50

diluted EPS = $2.46

Explanation:

no option is correct since EPS = $4.50, and the rest of the options are all higher amounts. Diluted EPS are always smaller than EPS.

common stock outstanding = 1,000 stocks

bonds shares (diluted) = 1,000 stocks

net income = $4,500

bond interest = $10,000 x 6% x (1 - 30%) = $420

diluted earnings per share = ($4,500 + $420) / (1,000 shares + 1,000 shares) = $4,920 / 2,000 shares = $2.46

7 0

3 years ago

Reliance Corporation sold 4,500 units of its product at a price of $20 per unit. Total variable cost per unit is $11.00, consist

BaLLatris [955]

Answer:

$40,500

Explanation:

A Companies Contribution Margin is a product's price minus all associated variable costs, this final value gives the products incremental profit earned for each unit sold. Therefore in this scenario, the Contribution Margin for the company is as follows

(4,500 * $20) - (4,500 * $11)

$90,000 - $49,500

$40,500

Therefore the final Contribution Margin for the company is $40,500 dollars.

8 0

3 years ago

Consolidated Industries is a diversified manufacturer with business units organized as divisions, including the Reigis Steel Div

alina1380 [7]

Answer:

All numbers are expressed in 1,000s

1. Calculate Reigis Steel Division’s unit contribution if it produced and sold 3,300,000 units during the year ended November 30, 2019.

Sales revenue $216,000

- variable costs: ($118,650)

COGS ($112,350)
selling expenses ($6,300)

contribution margin $97,350

- period costs: ($34,600)

administrative expenses ($22,000)
selling expenses ($12,600)

EBIT $62,750

contribution margin per unit = $97,350 / 3,300,000 units = $0.0295 ≈ $0.03 per unit

2. Calculate the following performance measures for 2019 for Reigis:

a. Pretax ROI, based on average operating assets employed.

ROI = net income / cost of investment = $62,750 / $382,250 = 0.1642 ≈ 16.42%

b. Residual income (RI), calculated on the basis of average operating assets employed.

RI = controllable margin – (average operating assets x required rate of return) = $62,750 - ($382,250 x 12%) = $62,750 - $45,870 = $16,880

4 0

3 years ago

Which type of insurance provides for the partial replacement of income lost by employees as a result of an accident, illness, et

Black_prince [1.1K]

Disability income provides for the partial replacement of income lost by employees as a result of an accident, illness, etc.

<u>Explanation: </u>

Disability insurance plans provide workers with regular cash compensation created as a result of injuries, illnesses, and abortion. The profit protection with disabilities today is very popular and many companies will offer it.

Wages insurance for disabilities covers 60 percent of the wages of an insured.

DI insurance rates generally range from 1.5% to 3% of gross revenue of an insured.

The bulk of disability income plans include a time of waiting for which payments from a disability could not be paid.

6 0

3 years ago

Which phase of the business cycle would be most closely associated with an economic contraction?.

RideAnS [48]

Answer:

Recession

Explanation:

5 0

1 year ago