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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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Rafner Manufacturing identified the following budgeted data in its two production departments. Assembly Finishing Manufacturing

miss Akunina [59]

Answer:

1. $53.75 per direct labor hour

2. $80.625 per machine hour

Explanation:

Total manufacturing overhead costs= $1112500+$500000 = $1612500

Total direct labor hours= 11000+19000=30000

Total machine hours= 5000+15000=20000

1. Company’s single plantwide overhead rate based on direct labor hours

= Estimated overhead costs/Estimated direct labor hours

=$1612500/30000 =$53.75 per direct labor hour

2. Company’s single plantwide overhead rate based on machine hours

= Estimated overhead costs/Estimated Machine hours

=$1612500/20000 =$80.625 per machine hour

3 0

3 years ago

Read 2 more answers

Sally's Gift Baskets sells gift baskets, on average, for $125; each gift basket costs, on average, $60. Debby pays salaries each

eimsori [14]

Answer:

a. Traditional Income Statement

Sales ($125 x 140) $17,500

Cost of Sales ($60 x 140) ($8,400)

Gross Profit $9,100

Salaries ($1,300)

Rent ($1,000)

Sales Commission ($17,500 x 5%) ($875)

Net income $5,925

b. Contribution Margin Income Statement

Sales ($125 x 140) $17,500

Less: variable Costs

Cost of Sales ($60 x 140) ($8,400)

Sales Commission ($17,500 x 5%) ($875)

Contribution Margin $8,225

Less: Fixed Costs

Salaries ($1,300)

Rent ($1,000)

Net income $5,925

Explanation:

Traditional Income statement calculates the gross profit after deducting the cost of goods sold from the revenue. After that it deduct all the operating expenses to calculate the Net Income.

Contribution margin income statement consider all the variable expenses as cost of product cost and calculates the contribution margin, after that the fixed costs are deducted calculate the net income.

5 0

3 years ago

The Federal Reserve carries out open-market operations, buying $2 million worth of Treasury Bills from banks. This action increa

klemol [59]

Answer:

67%

Explanation:

Money supply = Money multiplier * Deposit worth

3 = Money multiplier * 2

Money multiplier = 3/2

Money multiplier = 1.5

Now, Money multiplier = 1 / Reserve ratio

1.5 = 1 / Reserve ratio

Reserve ratio = 1/1.5

Reserve ratio = 0.6667

Reserve ratio = 67%

So, the percent of deposits the banks hold as reserves is 67%

7 0

3 years ago

In 2019, Whispering Winds Corp. had net sales of $973,000 and cost of goods sold of $570,900. Operating expenses were $220,300,

tester [92]

Answer:

Whispering Winds Gross profit is $402,100

Explanation:

Multi step income statement differentiate the the operating revenue and expenses from non operating revenue and expenses. It shows the gross profit, operating profit and net profit separately.

Whispering Winds Corp.

Income statement for the year 2019

Net sales $973,000

Less: Cost of goods sold $570,900

Gross Profit $402,100

Less:Operating expenses $220,300

Operating Profit $181,800

Less: Interest expense $14,600

Profit before Tax $167,200

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3 years ago

When Jim, Jill, and Jeri take ownership to a Bakersfield home, they hold their ownership concurrently. Jim has the greatest prop

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The carbanaro effect

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3 years ago