All categories

3 years ago

What is the purpose of NCUA Lending Regulations? plato ❤️

Business

2 answers:

wariber [46]3 years ago

5 0

Answer:

The National Credit Union Association is a entity that monitors and regulate the Credit Unions which are organizations that are part of a cooperative and give credit to its members.

It was created in 1934 by the president Franklin Delano Roosevelt.

Sever21 [200]3 years ago

3 0

<u>The purpose of NCUA Lending Regulations:</u>

The National Credit Union Association administered by the United States Federal Government is the apex body formed for the three main purposes pertaining to the credit unions. The three specified purposes being,

Regulate the credit unions in balance with the other parameters of the economy

Monitor the credit unions so as to ensure that, they do not fail and affect the economy

Check if the credit unions follow the federal regulations.

You might be interested in

Workers are constantly adjusting to changes in technology and society that affect work. In order to keep up with all of these ch

lukranit [14]

B: Because if you're only caught up with what you had when you were young, you won't know how to effectively use todays inventions to your advantage.

8 0

3 years ago

Read 2 more answers

Investigating careers

goldfiish [28.3K]

B. It is a state of actual emergeny.

5 0

2 years ago

Great Lakes Packing has two bond issues outstanding. The first issue has a coupon rate of 3.50 percent, a par value of $1,000 pe

katrin [286]

Answer:

2.9652%

Explanation:

to determine the cost of debt we must use the FMV of the bonds plus the YTM:

first bond:

FMV = 1.09 x $1,000 = $1,090 x 3,600 bonds = $3,924,000

YTM = {C + [(F - P)/n]} / [(F + P)/2] = {17.5 + [(1000 - 1090)/16]} / [(1000 + 1090)/2] = (17.5 - 5.625) / 1045 = 1.136% x 2 = 2.27% annual

second bond:

FMV = 0.95 x $2,000 = $1,900 x 3,950 bonds = $7,505,000

YTM = {C + [(F - P)/n]} / [(F + P)/2] = {59.4 + [(2000 - 1900)/42]} / [(2000 + 1900)/2] = (59.4 + 2.38) / 1950 = 3.168% x 2 = 6.34% annual

total debt = $3,924,000 + $7,505,000 = $11,429,000

weighted average after tax cost of debt:

{($3,924,000/$11,429,000 x 2.27%) + ($7,505,000/$11,429,000 x 6.34%)} x (1 - 0.40) = (0.779% + 4.163%) x 0.6 = 4.942% x 0.6 = 2.9652%

6 0

3 years ago

Which of the following is true of the Discount on Bonds Payable account? The bonds are due inten years.A) It is subtracted from

Aliun [14]

Answer:

A) It is subtracted from the Bonds Payable balance and shown with long-term liabilities on the balance sheet

Explanation:

The discount on Bonds payable, as their name implies, decrease the Bonds Payable carrying value. A bond with discounts, was issued at a lower price than his face value. The discount on bonds represent that difference.

It takes amortization while the time past, until at maturity, their balance is zero, to represent the reality, the obligation for the company is for the face value, so the carrying value of bonds payable should equal the face value.

Last, because the bonds are due in ten-year their place is the long-term liabilities. As their obligation are not within the 12 month period to qualify as short-term

8 0

3 years ago

Diego transfers real estate with an adjusted basis of $648,400 and fair market value of $907,760 to a newly formed corporation i

Monica [59]

Answer:

123,196

Explanation:

Recognized gain

= Liability on transferred real estate - Adjusted basis

= 771,596 - 648,400

= 123,196

Basis = 0

3 0

3 years ago