Answer:
$120,700
Explanation:
Credit unions are not usually covered by the Federal Deposit Insurance Corporation (FDIC), however they are covered by National Credit Union Administration (NCUA) up to $250,000 per depositor.
When a single person opens multiple accounts he will have this coverage on each one.
So the total sum of Roberto's individual accounts and the joint account with his wife will be covered. The total sum deposited ($120,700) will be covered by NCUA.
NCUA uses the National Credit Union Insurance Fund (NCUSIF) to insure funds, and it is backed by the US treasury.
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Answer: Economic cost = $175,000
Accounting cost = $100,000
Explanation: The difference between economic cost and accounting coast is economic cost takes into consideration the next best alternative foregone, that is, opportunity cost whereas accounting cost only sums cost incurred. In the given case the interest on savings and salary of job is the opportunity cost of Jill.
Therefore,
Economic cost = $5000 + $70,000 + $80,000 + $40,000 - $20,000=$175,000
Accounting cost = $80,000 + $20,000 = $100,000
Answer:
$132,000
Explanation:
Particulars Amount
Service cost $82,000
Add: Interest on projected benefit obligation $56,000
Add: Amortization of prior service cost $12,000
due to increase in benefits
Less: Expected return on plan assets <u>($18,000)</u>
Pension expense <u>$132,000</u>
Answer:
Reseller Market
Explanation:
If a fabric company that sources unique materials from around the world, in the past, was focused solely on the business of <u>supplying fashion designers with the fabric they make into dresses</u>; and later took the opportunity to expand the business by <u>supplying stores that sell </u>sewing and craft goods to consumers who sew at home. Therefore the company is expanding from commercial market into reseller market.
The reseller market are buyers <u>who purchase with the intent of selling those products to others.</u> while the commercial market <u>is the sale of products and services to end users </u>