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Vedmedyk [2.9K]
3 years ago
5

How does PDIC provides insurance?

Business
1 answer:
slamgirl [31]3 years ago
7 0

Answer: Philippine Deposit Insurance System.

Explanation:

It is a private equity deposit insurance corporation created in 1963. Corporation was established to promote and safeguard the interests of the public who take out insurance coverage on all insured deposits. The corporation aims to strengthen the mandatory deposit insurance system. The mission of the corporation is to create greater confidence in the country's banking system and create greater security for all service users. Deposit Insurance provides a maximum deposit insurance coverage of PHP 500,000 per depositor per bank. The Deposit Corporation is a corporation primarily through banks' estimates at an annual fixed rate of 1.5% of 1% of their total deposit liabilities. All accounts maintained by the bank are covered by deposit insurance. PDIC exists for reasons to protect their depositors by providing them with deposit insurance services. All member banks of this group provide these services.

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A cash register tape shows cash sales of $3180 and sales taxes of $210. The journal entry to record this information is
Igoryamba

Answer:

Debit cash $3,390

Credit sales revenue $210

Cales tax payable $3,180

Explanation:

Preparation of the journal entry to record the information given.

Journal entry

Debit cash $3,390

($3,180+$210)

Credit sales revenue $210

Cales tax payable $3,180

3 0
3 years ago
A textile mill has separate departments for​ spinning, weaving,​ dying, and printing. the outputs of one department become the i
vitfil [10]
It based on process. In utilitarian departmentalization, an association is composed into offices in view of the particular capacities each performs for the association. For instance, an assembling organization may make a generation office, deals and showcasing division, a bookkeeping office, and an HR department
7 0
3 years ago
On April 1, Garcia Publishing Company received $24,480 from Otisco, Inc. for 36-month subscriptions to several different magazin
Aleks [24]

Answer:  Debit Unearned fees $6,120, Credit Fees income $6,120.

Explanation: Garcia Publishing received $24,480 from Otisco on April 1 and this was recorded as unearned fees. This means Garcia would have debited cash with $24,480 and credited unearned fees $24,480. Remember the fees was paid at the beginning of April and is for 36-month subscriptions. So, the amount in unearned fees would be unwound to income (fees) over the tenor of the subscription (36 months). Therefore, monthly amortization would be $24,480 divided by 36 months = $680. April 1 to December 31 is 9 months, $680 multiplied by 9 months is $6,120.

8 0
4 years ago
If elin delivers a check payable to her order to first bank without signing it and receives cash, the transfer is an assignment,
Mazyrski [523]

Based on the given scenario If Elin delivers a check payable to her order to the first bank without signing it and receives cash, the transfer is an assignment, not a negotiation, this is a true statement.

<h3>What is a Negotiation?</h3>

This refers to the dialogue done with the aim of reaching an agreement or compromise about a thing.

Hence, we can see that Based on the given scenario If Elin delivers a check payable to her order to the first bank without signing it and receives cash, the transfer is an assignment, not a negotiation, this is a true statement.

This is because she did not make any bargains.

Read more about negotiation here:

brainly.com/question/902450

#SPJ1

8 0
1 year ago
Daily demand for a product is 100 units, with a standard deviation of 25 units. The review period 10 days and the lead time is 6
deff fn [24]

Answer:

1755 units are ordered

Explanation:

given data

Daily demand = 100 units

standard deviation = 25 units

review period = 10 days

lead time = 6 days

stock = 50 units

service probability = 98 percent

to find out

how many units should be ordered

solution

order quantity is calculated in fix time period formula is express as

q = \bar{d}(L+R) + z \sigma_{L+R} - I        .........................a

here L is lead time and R is review time and σ is standard deviation and I is stock and d is Daily demand

so first we find here standard deviation that is

\sigma_{L+R} = \sqrt{L} * \sigma   ...................1

\sigma_{L+R} = \sqrt{25} * 25

\sigma_{L+R} =100

so the value of z is for 98 % service probability is  2.05

so put here value in equation 1

q = 100 × ( 6 +10) +(2.05) × 100 - 50

q = 1755 units

so 1755 units are ordered

5 0
3 years ago
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