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3 years ago

What is the role of the Federal Deposit Insurance Corporation?

Business

1 answer:

o-na [289]3 years ago

4 0

Answer:

3. It protects up to $250,000 of customer deposits.

Explanation:

Protection of customers deposit as become a necessity due to the bank failure that led to lost of savings by a lot of customers.

The Federal Deposit Insurance Corporation is saddled with the responsibility of protecting customers savings in the event of liquidation of banks and to ensure that no customer suffer loss.

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Last year, Hampton Corporation had sales of $1,855,000. The firm's costs of goods sold amounted to 70% of sales. Hampton also pa

jeka57 [31]

Answer:

Tax Liability = $74,550

Explanation:

Particular Amount

Sales $1,855,000

Less: COGS(70% of sales) <u>$1,298,500</u>

Gross Profit $556,500

Less: Operating expenses <u>$225,000</u>

Operating profit $331,500

Add: Taxable dividend income $40,000

Add: Capital gain $10,000

Less: Interest Expenses <u>$26,500</u>

Net Taxable Income $355,000

Tax rate = $355,000 * 21%

Tax Liability = $74,550

Note: 21% is the Tax rate approved by the Tax cuts and Job Acts of 2017.

3 0

3 years ago

Why do firms generally prefer to borrow funds to obtain long-term financing rather than issue shares of stock?

Juli2301 [7.4K]

The more firms get from obligation as opposed to issuing stocks, the more it can diminish the aggregate cost of capital in light of the fact that the enthusiasm from obligation is duty deductible which will help reduce the aggregate cost of capital. In any case, no firm can get from obligation everlastingly in light of the fact that, at one point in time, extra obligation financing will make the aggregate cost of capital increment rather than decline. So firms will get in view of their own enhanced capital structure to limit the aggregate cost of capital however much as could reasonably be expected. Also, in light of this upgraded capital structure, there is a point of confinement to how much a firm can keep getting from obligation.

4 0

3 years ago

Suppose the manager of an ice cream store is trying to forecast the pounds of ice cream that they will sell based on what they h

disa [49]

Based on the information give your forecast for period 7 is 40.

<h3>Forecast for period 7</h3>

Given:

Time-series trend equation=25.3+2.1x

Period=7

Let x present period 7

Hence:

Forecast for period 7 =25.3 +2.1(7)

Forecast for period 7 =25.3 +14.7

Forecast for period 7 =40

Inconclusion your forecast for period 7 is 40.

Learn more about forecast here:brainly.com/question/24730207

6 0

2 years ago

Deadweight loss occurs when

dusya [7]

Answer:

d) the maximum level of total welfare is not achieved.

Explanation:

When the economic efficiency bears a loss, it is termed to be a deadweight loss. This condition occurs in the situation when the free market equilibrium is not able to be achieved. It occurs in the economy when the supply and the demand for the goods and services start to fall from being in the state of equilibrium. The resources allocated experiences a deficiency, thereby causing a deadweight loss.

3 0

3 years ago

In a capitalist system, what are the goods and tools that are used to make products?

Eddi Din [679]

The means of production

8 0

3 years ago