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3 years ago

State chartered banks are required to become members of the federal reserve system.

Business

1 answer:

alex41 [277]3 years ago

3 0

I think that any bank or incorporated banking institutions involved can become members.

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Assume the company is considering investing in a new machine that will increase its fixed costs by $42,500 per year and decrease

Semenov [28]

Answer:

The company should purchase the machine.

Explanation:

Note: The complete question is attached below

Forecasted contribution margin income statement

For the Year Ended December 31

Particulars Amount$

Sales 2,440,000

Variable cost(10,000*185(195-10)) 1,850,000

Contribution margin 590,000

Fixed cost (327,600+42,500) 370,100

Income $219,900

Because the income increase by $57,500 due to the pruchase, the company should purchase the machine

8 0

3 years ago

Time Remaining 1 hour 8 minutes 42 seconds01:08:42 Item 5 Time Remaining 1 hour 8 minutes 42 seconds01:08:42 Crich Corporation u

emmasim [6.3K]

Answer:

under-applied overheads is $1,340

Explanation:

Note : I have attached the full question/similar as an image below.

Actual Overheads = $594,960

Applied Overheads = $594,960 / 22,200 x 22,150 = $593,620

Since,

Actual Overheads > Applied Overheads, overheads have been under-applied.

Amount of under-applied overheads is $1,340 ($594,960 - $593,620).

5 0

3 years ago

Adi Manufacturing Corporation is estimating the following raw material purchases for the final four months of the year: Septembe

Arte-miy333 [17]

Answer:

$ 896,000.00

Explanation:

September $800,000

October $920,000

November $840,000

December $760,000

Payments for November:

30percent purchase for November: = 30/100 x $ 840,000.00

= $ 252,000.00

70 percent payment for the previous month

=70/100 x $ 920,000.00

= 644,000.00

Total payments = $ 252,000 + $ 644,000.00

=$ 896,000.00

4 0

3 years ago

A company wishes to raise $27 million by issuing 15-year semi-annual coupon bonds with face value of $1,000 and coupon rate of 6

Evgen [1.6K]

Answer:

We first need to find out the present value of each $1,000 bond and then we can figure out how many of these bonds we require to raise $27 million

The n of payments is 15*2 because semi annual payments for 15 years so our N will be 30

The YTM is 7.70/2 because of semi annual payments = 3.85

The Face value is of 1,000 so FV= 1,000

The payments our 1000*0.066=66 divided by 2 because semi annual payments so PMT= 33

We will put these values in a financial calculator to compute the PV of a $1000 bond.

PV= 903

So now we know that the company can get $903 for each $1,000 bond as the bonds present value is 903.

Now in order to find out how many bonds need to be issued to raise 27 million we will divide 27 million by 903, as 903 is the amount we can raise by issuing a single bond.

27,000,000/903=29,900.3 so 29,901

The company will have to issue 29,901 bonds of face value $1,000 to raise $27 million

Explanation:

3 0

3 years ago

Typically, you will receive a very low interest rate on money you deposit in a bank. Interest rates on car loans and business lo

Pavlova-9 [17]

Answer: A bank complies with the necessary permits to manage the resources of its clients.

Explanation: Banks must have a minimum level of liquidity to answer for the money they keep and for that security is that the rates paid are lower. As for a vehicle loan or corporate loans, they maintain the necessary terms and conditions so that the client can pay the fair interest and the documents are formal compared to the companies that grant loans without backing.

8 0

3 years ago