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2 years ago

Commercial banks, savings and loan associations, and credit unions Multiple Choice

Business

1 answer:

Phantasy [73]2 years ago

7 0

Answer:

The correct answer is letter "D": accept deposits and make loans.

Explanation:

Commercial banks are the most common financial institutions there are allowing people have access to<em> deposits, loans, Certificate of Deposits (CDs), mortgages, credit cards, </em>and <em>mutual funds </em>among a wide variety of investment and credit instruments.

At a lower level, savings and loan associations and credit unions offer deposits and loans but the first ones share the money pooled among its members who share profits and credit unions are non-profit entities mainly formed by employees of the same organization.

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Blueberry Baking Company produced 5,500 cakes that require 3 standard pounds per unit at a $3 standard price per pound. The comp

jekas [21]

Answer:

Dr. Work in process $49,500

Dr. Material Quantity Variance $4,500

Cr. Raw material Inventory $49,500

Explanation:

First we need to calculate the Material usage variance

Standard Material = 5,500 cakes x 3 pounds = 16,500 pounds

Standard cost of Standard Material = 16,500 pounds x $3 = $49,500

Actual usage at standard cost = 16,650 pounds x $3 = $49,950

Material usage Variance = $49,950 - $49,500 = $450 unfavorable

When the actual cost incurred is more than the standard cost the variance is unfavorable.

3 0

3 years ago

Give two characteristics of a perfectly competitive market.

sergey [27]

1. a large number of buyers and sellers
2. an identical or a homogeneous product

7 0

3 years ago

The practice of integrating biocontrol, crop rotation alternative tillage methods, and chemical use is called

Ymorist [56]

Integrated pest management (IPM)

This is an agricultural approach that uses many different tactics to combat pest problems in crops.

5 0

3 years ago

Which two meta solutions enable businesses to communicate privately and instantly with customers?

Flauer [41]

The two meta solutions that enable people to communicate easily are

Face.book
What.sapp

This is the term that is used to refer to the social media networks that are known by Mark Zuckerberg.

These are the solutions that are known to solve the issues of communication between friends and families over great distances.

These solutions help to make relationships better. They do this by helping to keep communications open and alive.

Read more on social media here: brainly.com/question/13909780

#SPJ1

3 0

2 years ago

You own a portfolio of two stocks, A and B. Stock A is valued at $84,650 and has an expected return of 10.6 percent. Stock B has

Maslowich

Answer:

10.05%

Explanation:

A portfolio contain two stocks A and B

The value of stock A is $84,650

The expected return of stock A is 10.6%

= 10.6/100

= 0.106

The expected return of stock B is 6.4%

= 6.4/100

= 0.064

The portfolio value is $97,500

The first step is to calculate the value of stock B

Value of B= $97,500-$84,650

= $12,850

Therefore the expected return can be calculated as follows

Expected return= value of stock A/portfolio value×expected return of stock A + value of stock B/portfolio value×expected return of stock B

=$84,650/$97,500×0.106+$12,850/$97,500×0.064

= 0.8682×0.106+0.1318×0.064

= 0.09202+0.008435

= 0.10045×100

= 10.05%

Hence the expected return on the portfolio value of $97,500 is 10.05%

6 0

3 years ago