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3 years ago

The Federal Deposit Insurance Corporation (FDIC) insures deposits up to $250,000 in.

Business

1 answer:

san4es73 [151]3 years ago

4 0

Answer:

commercial banks and thrift institutions

Explanation:

The Federal Deposit Insurance Corporation was established in 1933 and its sole aim is to ensure deposits. The deposits that are insured by the FDIC are from $250,000 and above deposits of various accounts (savings, checking, etc), certificates of deposits, etc.

Cheers.

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you borrowed $4 from your roomate to buy backup calculator batteries on the way to the exam. the next day, you repaid the $4 plu

LiRa [457]

Answer:

0.2840 or 28.40%

Explanation:

The formula for EAR= (1 + i/n)^n - 1

Where i= stated interest rate

n= number of compounding periods

In this case since the interest he paid is 1 cent, to convert it into percentage, we divide it by the dollar and multiply by 100

Note: 100 cent = 1 dollar

Therefore 4 dollars= 400 cents

To get the Interest rates= 1/400 x 100

= 0.25

n= 365 since we are computing daily

(1 + 0.25/365)^365 - 1

(1 + 0.000685)^365 - 1

(1.000685)^365 - 1

1.2840 - 1

0.2840 or 28.40%.

3 0

3 years ago

Consider an overlapping generation set up with pay-as-you-go social security system in a hypothetical economy. There are 100 old

Mandarinka [93]

Answer:

a) 3%

b) the new workers contribute 16,068 dollars

c)$160.68 each

d) the old workers contribute 15,000 when they made his contribution

e) rate of return 7.12%

Explanation:

growth rate: the increase in the workforce:

103 new workers / 100 retired - 1 = 0.03 = 3%

103 workers x 1,040 each x 15% = 16,068

assuming no other employee:

$16,068 pension fund / 100 retired persons = 160.68 dollars each

100 workers x 1,000 each x 15% = 15,000

e) the old retire contribute:

1,000 x 15% = 150

they receive 160.68

rate of return:

160.68 / 150 - 1 = <em>0.0712</em>

5 0

3 years ago

All of the following are the names of the three major credit bureaus EXCEPT

Phantasy [73]

D. Chex systems
The first 3 are the major ones.

6 0

3 years ago

Read 2 more answers

Concord Corporation has 8,800 shares of common stock outstanding. It declares a $3 per share cash dividend on November 1 to stoc

sasho [114]

Answer:

Declaration date:

Dr retained earnings $26400

Cr dividends payable $26400

Payment date:

Dr dividends payable $26400

Cr Cash $26400

Explanation:

Total dividend declared is the number of shares multiplied by cash dividend per share

total dividend=$3*8,800=$26400

On the record date no entries are required since record date, is just about verifying the bonafide shareholders.

On declaration date,dividends payable would be credited with $26,400 while retained earnings is debited.

On payment date,dividends payable is debited and cash credited

6 0

3 years ago

At the beginning of the period, the Fabricating Department budgeted direct labor of $99,000 and equipment depreciation of $44,00

Rama09 [41]

Answer:

Fabricating Department

Flexible budget for the period:

Flexible Planned

Budget Budget Variance

Production hours 7,100 5,500 1,600 hours

Direct labor $127,800 $99,000 $28,800

Equipment depreciation 44,000 44,000 0

Total cost $171,800 $143,000 $28,800

Explanation:

a) Data and Calculations:

Budgeted direct labor = $99,000

Equipment depreciation = $44,000

Budgeted production hours = 5,500 hours

Actual production hours = 7,100 hours

Flexible Budget:

Direct labor = $99,000 * 7,100/5,500 = $127,800

Equipment depreciation = $44,000

Total cost = $171,800

4 0

3 years ago