Answer: Compound interest pays interest on the principal and the interest earned in each period.
Explanation:edge 2020
Answer:
$50,820
Explanation:
Current Variable cost per unit = Direct materials + Direct labor + Variable manufacturing overhead + Variable selling and administrative expense
= $43.10 + $8.20 + $1.20 + $2.00 = $54.50 per unit
Variable cost per unit for special order = $54.50 - $1.30 = $53.20 per unit
Selling price per unit for special order = $77.40 per unit
Contribution margin per unit for special order = $77.40 - $53.20 = $24.20 per unit
Number of units for Special order = 2,100 units
Monthly financial advantage for special order = $24.20 * 2,100 units = $50,820
Hope this helps!
Answer:
False.
Explanation:
A bank is said to be federally chartered when it is appropriately authorized and regulated by the federal government of a country with recourse to statutory laws but not the state government. Some examples of federally chartered banks are Wells Fargo Bank, Bank of England, Swiss National Bank, Citizen National Bank, Bank of Japan, PNC Bank, First National Bank, U.S. Bank, Reserve Bank of Australia, etc.
A credit union can be defined as a non-profit making financial cooperative that is typically controlled by its members (employees, church groups, labour unions etc) and it is saddled with the responsibility of providing financial services like the traditional banks.
Generally, the profit made from the amount of money that is being deposited by the members of a credit union are usually returned to the members as a form of better interest rates. Some examples of credit unions are SchoolsFirst Credit Union, New York University Federal Credit Union, Consumers Credit Union, etc.
Hence, federally chartered banks and credit unions are not run like businesses that are a profit i.e they are a non-profit business.
Answer:
Because the current money multiplier is <u>2</u>, the Fed would <u>BUY $500,000</u> worth of bonds, <u>INCREASING</u> the monetary base and so increasing the money supply by $1 million.
Explanation:
if the Fed wants to increase the money supply by $1 million, then it would need to purchase US securities worth $500,000. The formulas used to calculate the impact of the Fed's operations are:
increase in money supply = additional funds x money multiplier
- money multiplier = 1 / reserve ratio = 1 / 50% = 2
- desired increase in money supply = $1 million
$1,000,000 = additional funds x 2
additional funds = $1,000,000 / 2 = $500,000
