Answer:
The balance on the building account is $44,200
Explanation:
The total value of the right hand side must equal the left hand side of a balance sheet. This means the total asset must equal liability plus shareholder equity.
Total Asset $
Equipment 34,800
Accounts receivable 4,550
Land 34,700
Buildings ?
Cash <u> 14,750 </u>
<u> 88,800 </u>
Total Liability and Equity $
Accounts payable 28,300
Unearned service revenue 9,700
Stockholder's equity <u> 95,000 </u>
Total Liability and Equity <u> 133,000</u><u> </u>
Buildings = Total Liability and Equity - Total Asset
= $133,000 - $88,800 = $44,200
The balance on the building account is $44,200
A customer service representative loses his job because his company adopted a new software that does most of his job automatically. This is an example of technological unemployment.
<h3>What is technological unemployment?</h3>
This are happen when an individual losses her Job due to the use of technology.
The new technology now handles the works and the service of the individual is no longer require.
Therefore, A customer service representative loses his job because his company adopted a new software that does most of his job automatically. This is an example of technological unemployment.
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Answer:
b) synergy
Explanation:
Synergy -
It describes the benefit gain by strategically organizing itself to maximize innovation and cooperation .
These organization with synergic approach achieves more as a group than with individual .
hence , in the question , the approach shown by the Ortein company is an example of b) synergy .
Answer:
Gramm–Leach–Bliley Act
Explanation:
The Gramm–Leach–Bliley Act (GLBA), also known as the Financial Services Modernization Act of 1999, (enacted November 12, 1999) is an act of the 106th United States Congress (1999–2001). It repealed part of the Glass–Steagall Act of 1933, removing barriers in the market among banking companies, securities companies and insurance companies that prohibited any one institution from acting as any combination of an investment bank, a commercial bank, and an insurance company. With the bipartisan passage of the Gramm–Leach–Bliley Act, commercial banks, investment banks, securities firms, and insurance companies were allowed to consolidate. Furthermore, it failed to give to the SEC or any other financial regulatory agency the authority to regulate large investment bank holding companies. The legislation was signed into law by President Bill Clinton.
Answer:
These financial conglomerates provide a range of services, such as investment banking, commercial banking, and financial advising. ⇒ <u>FINANCIAL SERVICES CORPORATIONS. </u>
The institution described is a Financial Services Corporation as they offer many services to customers including all the above services. The firm type depends on the services it offers.
They are owned by members so that members can share funds among themselves. Members who save deposit the funds. These funds are then loaned to members who need the funds. ⇒ <u>CREDIT UNIONS.</u>
This is a Credit Union. Credit Unions were designed to ensure that people had access to low interest loans. They are like banks in that they loan money but they only loan to members. Members own the Union and it is run on a non-profit basis which is why rates are so low.
With the use of advanced investment techniques, these largely unregulated portfolios are invested in securities. The investment objective is to offset potential losses by investing in counterbalancing securities. They are open to only a select class of investors. ⇒ <u>HEDGE FUNDS. </u>
Hedge funds invest in derivatives a lot and are largely unregulated. They use very advanced investment techniques to earn high returns for their exclusive class of investors who pool funds to provide the Hedge fund with capital for investment.
