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3 years ago

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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When a DPAS rated order is placed, the contractor must do all of the following tasks, EXCEPT: A. Accept the rated order if the m

kotykmax [81]

Answer:

C). Deliver the specified end product within 10 business days

Explanation:

A Defence Priorities and Allocations System (DPAS) rated order is a purchase or contract order that is in line with the terms of DPAS.

When a DPAS rated order is placed, the contractor must do the following; accept the rated order, be able to provide preferential delivery and the contractor must in the same light place rated orders with subcontractors.

What DPAS does not do, is to give contractors a stipulated time, e.g 10 business days to deliver the specified end product.

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3 years ago

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Listed below are types of errors or fraud that might occur in financial statements. Although a number of audit procedures might

pav-90 [236]

Not sure on this one

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3 years ago

In December 2018, the Wilson Company established its pre-determined overhead rate for Grandfather Clocks produced during 2019 by

ruslelena [56]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Estimated Overhead cost= $1,680,000

Estimated Labor cost= $480,000

Actual:

Overhead costs= $1,652,000.

Actual Direct Labor costs= $475,000

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 1,680,000/480,000

Predetermined manufacturing overhead rate= $3.5 per direct labor dollar

Now, we allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 3.5*475,000= $1,662,500

To calculate any under/over allocation, we will use the following formula:

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 1,652,000 - 1,662,500

Under/over applied overhead= $10,500 underallocated

Finally, the adjusting entry:

Cost of goods sold 10,500

underapplied overhead 10,500

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4 years ago

An adjusted trial balance is given below.

son4ous [18]

Answer:

$16,400

Explanation:

The formula for Retained Earnings = Total assets - Total Liabilities except Retained Earnings

Under the Balance sheet in accordance with this question, the asset recognizable are Cash Account Receivables Prepaid Rent and Merchandise inventory. The liability recognizable are Account payable, Salary Payable, Notes Payable and Common stocks

Therefore Retained earnings = (12000+3000+700+25000)-(14000+1500+800+8000)

Retained earnings = 40700 - 24300

Retained earnings = $16,400

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4 years ago

Explain the relationship between households and firms in economics

valentinak56 [21]

Explanation:

Households supply labor to firms and are paid wages in return. Firms use that labor to produce pizzas and sell those pizzas to households. There is a flow of goods (pizzas) from firms to households and a flow of labor services (worker hours) from households to firms.

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3 years ago