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jek_recluse [69]
3 years ago
8

If troy's credit card utilization is 35% and his current balance is $455, what is the credit limit on his only credit card

Business
1 answer:
vaieri [72.5K]3 years ago
3 0
If his credit card utilization is 35% and his balance is $455 his max would be $1300
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The Fed is the lender of last​ resort, which means​ _______. A. if the Fed cannot meet its​ obligations, it can borrow from othe
Elena-2011 [213]

Answer:

The correct answer is letter "C": if depository institutions are short of​ reserves, they can borrow from the Fed.

Explanation:

The Federal Reserve (Fed) is the central bank of the United States and is in charge of reviewing and passing monetary policies, regulations on banks and supervising their activities. The Fed serves as a lender of last resort in cases when banks cannot meet their minimum financial obligations and there is risk the collapse of those financial institutions will affect the overall economy.

Therefore, <em>if a depository entity is short of reserves, other banks must be the first resource of aid but if the institution cannot get the funds from other banks, the Fed acts as the last resource the depository entity could rely on.</em>

7 0
4 years ago
Presented below is information related to Crane Company at December 31, 2020, the end of its first year of operations.
pshichka [43]

Answer:

Follows are the solution to the given points:

Explanation:

In point a:

Formula:

= \text{sales-Cost of product sold -Selling and Administrative expense}

=316,550-150,400-53,900\\\\=112,250

In point b:

Formula:

=\text{Income from operation + Gain on sale of plant assets} - \text{Interest Expense} -\text{Loss from discontinued operations}\\\\=112,250+30,560- 5,840- 11,990\\\\=124,980

In point c:

Formula:

=\text{Net Income-  Allocation to noncontrolling interest}

= 124,980 - \text {missing value}

In point d:

Formula:

=\text{Net Income+ Unrealized gain on available for sale debt investments}\\\\= 124,980- 9,460\\\\=115,520

In point e:

Formula:

=\text{Net Income - Dividends declared and paid}\\\\=124,980- 4730\\\\=120,250\\\\

5 0
3 years ago
Selena sells luxury cars for a living, but in recent months her sales have slumped. This is partly due to an economic recession,
LuckyWell [14K]

Answer:

The economic downturn is a factor beyond her control.

Explanation:

In the given scenario Selena's monthly sales have declined and she received a bad performance rating.

The decline was due partly to an economic recession and also due to the fact that her mother has been in the hospital (personal reasons).

If the wants to contest the ratings she will not use the personal challenge she had since she did not report it to take time off from work.

However she can state that the economic downturn is a factor beyond her control so this should be considered in her performance rating.

8 0
3 years ago
A share of common stock just paid a dividend of $1.00. If the expected long-run growth rate for this stock is 5.4%, and if inves
BlackZzzverrR [31]

Answer:

$11.98

Explanation:

A share of common stock just made a dividend payment of $1.00

The expected long-run growth rate of for this stock is 5.4%

= 5.4/100

= 0.054

The investors required rate of return is 14.2%

= 14.2/100

= 0.142

The first step is to calculate the dividend year 1(D1)

D1= Do(1+g)

= 1(1+0.054)

= 1×1.054

= $1.054

Therefore, the stock price can be calculated as follows

Po= D1/(rs-g)

= 1.054/(0.142-0.054)

= 1.054/0.088

= $11.98

Hence the Stock price is $11.98

3 0
4 years ago
Oberon buys a Pro Club Health &amp; Fitness, Inc., franchise, which the franchisor later terminates. In determining whether the
Lynna [10]

Answer:

balance the rights of both parties

Explanation:

Based on the information provided within the question it can be said that in a situation like the one being described a court will generally balance the rights of both parties. This is done in order to make sure that both parties are being treated fairly and investigate both sides of the case before making a decision in regards to who is in the right and who is in the wrong.

6 0
3 years ago
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