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3 years ago

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

Business

1 answer:

Phantasy [73]3 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 deposits, loans, Certificate of Deposits (CDs), mortgages, credit cards, and mutual funds 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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Seojun acquired an activity several years ago, and in the current year, it generates a loss of $50,000. Seojun has AGI of $140,0

ahrayia [7]

Answer:

Seojun's Adjusted Gross income is $140,000.

Explanation: Adjusted Gross income(AGI) is a term used in Financial accounting to describe the total amount of gross income remaining after certain deductions have been made to the Gross income of a business entity over a given period of time.

Since Seojun is not a Material participant,the $50,000 loss can not be considered in calculating Seojun's Adjusted Gross income.

7 0

3 years ago

The cases filed at The Cross Company related to gender discrimination include one in which a 33-year-old sales representative wa

Romashka-Z-Leto [24]

Answer:

Title VII of the CRA

Explanation:

Title VII of the Civil Rights Act (CRA) is a landmark federal law that aims to protect employees against discrimination based on race, colour, sex, nation of origin, or religion.

The act was made law in 1964.

In the given scenario a female sales representative with excellent performance review was not promoted for 8 years, while Jim a male sales representative was promoted in just 18 months.

This is a gender based discrimination and is covered by Title VII of the CRA.

Age discrimination does not apply because it addresses discrimination of employees with minimum age of 40 years.

Equity act requires that employees on the same job role are compensated equally. This does not also apply.

Rehabilitation act prevents discrimination based on disability. This does not also apply

5 0

3 years ago

Suppose you're studying levels of job stress and measures of job efficiency in a nursing home. Your hypothesis is that increasin

Roman55 [17]

The correct answer is letter A.

Job stress is a correlated variable. Job efficiency and job stress are correlated variables in this study because the existence of each would result to the other. This is how their relationship works, that when job stress is increased, job efficiency is decreased, and when job stress is decreased, job efficiency increases.

8 0

3 years ago

Read 2 more answers

Mazeppa Corporation sells relays at a selling price of $28 per unit. The company's cost per unit, based on full capacity of 160,

ella [17]

Answer:

a. $20.00

b. $28,75

Explanation:

Find the total incremental costs to satisfy the special order and add $2.00 profit (because we are aiming for a profit not to just break-even).

Calculation of Total Incremental Unit Costs

Direct materials $6 .00

Direct labor $4.00

Variable Overheads (2/3 × $9) $6.00

Shipping Cost $2.00

Total Incremental Unit Cost $18.00

Add Profit Element $2.00

Unit Selling Price for the Special Order $20.00

In this case no changes will occur on fixed overheads, hence it is irrelevant.

Calculation of Desired Net Operating Income

Sales ($28 × 160,000 units) $4,480,000

Less Product Costs :

Direct materials ($6 .00 × 160,000 units) ($960,000)

Direct labor ($4.00 × 160,000 units) ($640,000)

Variable Overheads ($6.00 × 160,000 units) ($960,000)

Fixed Overheads ($3.00 × 160,000 units) ($480,000)

Current Operating Income $1,440,000

Add Desired Increase in Operating Income $60,000

Desired Operating Income $1,500,000

Unit Profit = $1,500,000 ÷ 160,000 units

= $9.375

Unit Profit = Unit Selling Price - Total Unit Costs - Unit Incremental Profit

therefore,

Unit Selling Price = Unit Profit + Total Unit Costs + Unit Incremental Profit

= $9.375 + $19.00 + $0.375

= $28,75

5 0

4 years ago

In 2011, the fixed costs of a company were $500,000, and its variable costs equaled $150,000. In 2010, the company made an a

Elina [12.6K]

Answer:

$650,000

Explanation:

The total cost of a company may be grouped into fixed and variable cost. The fixed cost remains constant at a given range of activity levels while the variable cost increases proportionately as the level of activities.

The total variable cost is the product of the unit variable cost and the number of units produced.

Hence, total cost in 2011

= $500,000 + $150,000

= $650,000

4 0

4 years ago