TD Ameritrade is an example of a brokerage firm, a type of non depository financial institution.
<h3>What are financial institution?</h3>
Financial institution is referred as statutory body which helps in dealing with the financial transactions which includes withdrawing and depositing of money, allowing loans and helping in exchange for the currency.
A brokerage business is a location where stock buyers and sellers can exchange. The company serves as a mediator between buyers and sellers and offers an open trade environment.
This brokerage helps to crack the best deal for their clients. They help to negotiate to get the best resources for business and achieve profit.
Therefore, TD Ameritrade shows the example of brokerage firm.
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Answer:
$10,200,000.
Explanation:
End inventory + Sales - Begin inventory = # of units that need to be produced
# of units that need to be produced @ $30 per = Your answer
Answer:
Leasing as a capital financing is an alternative for small business for three important reasons: better technology, better capital management and tax incentives.
Explanation:
1. Better technology for the business.
Instead of buying the equipment, a lease is a better option because allows the organization to use cutting edge technology for the operation of a business.
2. Better capital management.
Buying machinery is a capital-intensive activity. Leasing let use the same machinery by less amounts of money and invest capital in other useful activities for the organization.
3. Tax benefits
Leasing is tax deductible. Reducing the fiscal pressure over the small business.
<span>Imagine
an economy in which:
(1) pieces of paper called yollars are the only
thing that buyers give to sellers when they buy goods and services, so
it would be common to use, say, 50 yollars to buy a pair of shoes;
(2)
prices are posted in terms of yardsticks, so you might walk into a
grocery store and see that, today, an apple is worth 2 yardsticks; and
(3) yardsticks disintegrate overnight, so no yardstick has any value for
more than 24 hours.
In this economy, the yardstick is a unit of account but it cannot serve as a store of value.</span>
Answer:
$33.50
Explanation:
we can use the perpetual growth model to determine the price of the stock
the firm's stock price = ($1.25 x 1.15)/1.11 + ($1.25 x 1.15²)/1.11² + ($1.25 x 1.15³)/1.11³ + [($1.25 x 1.15³ x 1.06)/(11% - 6%)]/1.11³
the stock price in 3 years = ($1.25 x 1.15³ x 1.06)/(11% - 6%) = $40.30
the firm's stock price = ($1.25 x 1.15)/1.11 + ($1.25 x 1.15²)/1.11² + ($1.25 x 1.15³)/1.11³ + $40.30/1.11³ = $1.30 + $1.34 + $1.39 + $29.47 = $33.50
