In the united states, the fractional reserve policy that governs commercial banking is controlled by the Federal Reserve. Fractional reserve is a part of customer deposit that cannot be channeled as a loan for a debtor.
<span>This policy made to maintain commercial bank's liquidity. Thus, it will not collapse when a customer withdraw some amount from the deposit</span>
Answer:
C. Estimated warranty payable for $26,500.
Explanation:
The monthly sales are $530,000 and the warranty costs are 5% of monthly sales,
Therefore, Warranty costs will be = $530,000*5% = $26,500.
Now, we know that no defective products were returned during the current month, hence the other options in the questions are discarded and Estimated warranty payable is taken at the month end.
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Answer:
The correct answer is letter "B": Rider.
Explanation:
A rider policy adds or restricts terms to an already existing insurance policy. This is typically used when the policyholder includes in the original coverage some others such as life, home, and auto insurance. Rider policies are typically low priced and in most cases are offered by the same insurance companies at a special discount to promote consumption among their insured.
Answer:
Janet's Performance Pizza
Marginal Product of Labor
Labor Output Marginal
(Number of workers) Product of Labor
(Pizzas) (Pizzas)
0 0 0
1 70 70
2 120 50
3 160 40
4 190 30
5 200 10
Explanation:
a) Data and Calculations:
Labor Output Marginal
(Number of workers) Product of Labor
(Pizzas) (Pizzas)
0 0 0 (0 - 0)
1 70 70 (70 - 0)
2 120 50 (120 - 70)
3 160 40 (160 - 120)
4 190 30 (190 - 160)
5 200 10 (200 - 190)
b) Janet Performance Pizza's marginal product of labor describes the change in the number of pizzas that the restaurant produces by employing one more unit of labor (worker).
Answer:
The correct answer is letter "B": Mutual funds are actively managed by a professional while index funds are not.
Explanation:
Both mutual funds and index funds are pools of assets that allow investors to diversify their portfolios. The difference between them relies on the quality of management those funds provide. <em>Mutual funds are assessed by qualified professionals while index funds are not. That is the main reason why mutual funds charge higher fees than index funds.</em>
