Answer: A commercial bank.
Explanation:
These are banks whose function is to lend to both the population and the economy. The basis of this activity is short-term deposits from all sources. By granting loans, these banks increase their money supply. In some areas, these banks, in conjunction with the authorities, also provide lower interest rates to stimulate economic development.
Answer:
a. units completed by a production department in the period.
Explanation:
An equivalent unit of production -
It is the amount of work which is done by the manufactures on the units of the output , which are completed over the specified time period .
It includes the fully completed units as well as the partially completed units .
These equivalent units are useful for the production cost report of the company .
Hence , the correct statement for equivalent unit of production is , ( a ) .
If the several operational divisions were in significantly different risk classifications, distinct cost of capital estimates should be used for each division; using a single, overall cost of capital would be incorrect.
<h3>Why is it essential for businesses to calculate their cost of capital?</h3>
In economics and accounting, the cost of capital is the price a firm pays for its assets, or from the investor's point of view, the needed rate of return on a portfolio company's existing securities. It is used to assess a company's new ventures. The cost of capital is used by business executives to determine how much money new ventures need to earn in order to cover their initial costs and turn a profit. They also use it to assess the risk of future business decisions. Investors and analysts place a high value on the cost of capital.
The common issue encountered when assessing the cost of capital for a division is that its own securities are rarely traded on the market, making it impossible to monitor the market's appraisal of the division's risk.
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