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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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Fiber Cable Corp. negotiated a deal with Argentina under which Fiber Cable would build three cable manufacturing sites in the co

timofeeve [1]

Answer:

A buyback.

Explanation:

This deal negotiation with Argentina is a buyback. This is when a company buys its own outstanding shares to bring down the quantity of shares available on the open market

7 0

3 years ago

Jerry Rice and Grain Stores has $4,430,000 in yearly sales. The firm earns 2 percent on each dollar of sales and turns over its

olganol [36]

Answer:

a. 5.37%

b. 5.08%

Explanation:

Firstly, we need to calculate net profit before return on stockholder's equity

Sales. $4,430,000

Net income % on sales 2%

Net income. $88,600

We will also calculate total stockholder's equity

Sales. $4,430,000

Asset turnover ratio. 4.5

Total assets. $984,444

Less: current liab. ($167,000)

Less: long term liab. ($342,000)

Total stockholder's. $475,444

equity

a. Return on stockholder's equity

= Total stockholder's equity ÷ Net income

= $475,444 ÷ $88,600

= 5.37%

b. New return on stockholder's equity

Total assets $984,444

× Asset turnover ratio. 4.75

New total sales. $4,676,109

Net income % sales. 2%

Net income $93,522

Recall that total stockholder's equity = $475,444

Net income = $93,522

Therefore, New return on stockholder's

equity = Total stockholder's equity / Net income

= $475,444 ÷ $93,522

= 5.08%

3 0

3 years ago

Within some types of land use, business location may be determined by the type of service or products that are offered to consum

kupik [55]

Answer:

The correct answer is letter "C": supermarket.

Explanation:

A convenience store is a retail shop that offers daily-use goods to consumers such as groceries, drugs (that require no prescription), magazines, among others. Businessmen take profit from these stores thanks to the wide variety of products being sold.

In that sense, <em>supermarkets </em>would fall into this category since they match perfectly with the definition of a convenience store due to the diverse kind of goods they offer.

3 0

3 years ago

Activity-based costing (ABC) systems ________. A. Unselected have the same cost allocation system as plantwide and departmental

atroni [7]

Answer:

D. have separate cost allocation rates for each activity identified by the company CORRECT

There will be activity cost pool which, will be distribute among the product using different cost driver like machien hours, direct labor hours or other.

Explanation:

A. have the same cost allocation system as plantwide and departmental cost allocation systems

NO If it was, then it would not have a different name

B. have no cost allocation rates for each activity identified by the company

If we don't have rates to distrubte cost then, the allocation will be arbitrary

C. have combined cost allocation rates for each activity identified by the company

each should have different base cost driver if not, then they aren't different and should be combined.

4 0

3 years ago

Employee a. who executes orders to buy and sell for clients of his or her brokerage firm. b. individual who trades on the floor

LUCKY_DIMON [66]

Answer:

In the given context, the correct definition for an employee, would be that of an individual who executes orders to buy and sell for clients of his or her brokerage firm.

Explanation:

An employee is a person who is hired by an employer to execute functions that are necessary to his organization's full operation. In the context of the stockmarket, an employee of a company would not trade for his or her account, but for his employer's account, following their policies and intentions. Therefore, an employee is an individual who executes orders to buy and sell for clients of his or her brokerage firm.

8 0

3 years ago