What are the features of banking and non banking financial institutions

The following bond investment transactions were completed during 2016 by Starks Company:

saw5 [17]

Answer:

31st Jan 2016

Dr Bond Receivable 75,000

Dr Interest Receivable 375

Cr Cash 75,375

(to record the bond purchase)

* working note: Bond proceed = 75 x 1,000 = 75,000; Interest receivable = 75,000 x 6% x 30/360 = 375)

1st Jul 2016

Dr Cash 2,250

Cr Interest Income 1,875

Cr Interest Receivable 375

(to record interest receipt on bonds holding, in which 5 months of it ( 75,000 x 6% x 5/12 is recorded as Income, the other one is recorded as collection of Income earned by the bond's seller)

29th Aug 2016

Dr Cash 34,650

Dr Loss on bond Investment 700

Cr Interest income 350

Cr Bond Receivable 35,000

( to record the Sold 35, $1,000 bonds at 98% plus $350 accrued interest = 35,000 x 98% + 350 = 34,650)

31st Dec 2016

Dr Interest Receivable 1,200

Cr Interest Income 1,200

( to record the interest earned on 40,000 bonds outstanding)

Explanation:

6 0

3 years ago

This is your chance to calculate demand elasticities for health care. Suppose you are collecting data from a country (like Japan

sergejj [24]

Answer:

Arc price elasticity of demand = -0.273

Explanation:

This problem is solved as follows:

1. Identify the data.

Outpatient visit Price / visit

Tokyo 1.25 / month 20y

Hokkaido 1.5 / month 10y

Outpatient visits equal the quantities demanded of the service. Therefore, we can say that:

Qt (Outpatient visits in Tokyo) = 1.25 / month

Qh (Outpatient visits in Hokkaido) = 1.5 month.

With the following prices:

Pt (Price in Tokyo) = 20y

Ph (Price in Hokkaido) = 10 y

2. Apply the formula to calculate arc-elasticity of demand:

$Ep^{arc} = \frac{Pt+Ph}{Qt+Qh} *\frac{Qh-Qt}{Ph-Pt}$

We replace the data:

$Ep^{arc} = \frac{20+10}{1.25+1.5} *\frac{1.5-1.25}{10-20}$

$Ep^{arc}= \frac{30}{2.75} *\frac{0.25}{-10} = 10.91 *-0.025$

$Ep^{arc} = -0.27275$

Final answer: -0.27275 or -0.273

6 0

2 years ago

Suppose that short-term municipal bonds currently offer yields of 4%, while comparable taxable bonds pay 5%. Which gives you the

daser333 [38]

Answer:

1.Taxable bonds

2Taxable bonds

3.They have the same after-tax yield

4.

municipal bond

Explanation:

The missing tax brackets are zero,10%,20% and 30%

Zero % tax rate:

municipal bond pays 4%

taxable bonds after tax yield=5%*(1-0)=5%

10% tax rate

municipal bond pays 4%

taxable bond after tax yield=5%*(1-10%)=4.5%

20% tax rate

municipal bond pays 4.0%

taxable bond after tax yield=5%*(1-20%)=4.0%

30% tax rate

municipal bond pays 4.0%

taxable bond after tax yield=5%*(1-30%)=3.50%

8 0

2 years ago

A local liquor store posts the checks of customers that are returned from the bank. The store manager says the public display of

SVETLANKA909090 [29]

Answer:

Option A; AN INVASION OF PRIVACY.

Explanation:

Invasion of privacy is the unjustifiable intrusion into the personal life of another without consent. It is used to describe a circumstance where an individual or organization knowingly intrudes upon a person.

An invasion of privacy is considered to be a tort.

The four most common types of invasion of privacy torts are:

Appropriation of Name or Likeness

Intrusion Upon Seclusion

False Light

Public Disclosure of Private Facts

The display of the checks of customers is a public disclosure of private fact of the customers, therefore, it is AN INVASION OF PRIVACY.

5 0

3 years ago

Read 2 more answers

In 2002, the annual price of oil was $24.36. As of late July 2006, the annual price of oil was $62.07. The percentage increase i

juin [17]

Answer:

b. oil prices increased faster than real GDP, but real GDP still grew at a healthy pace.

Explanation:

In this example, we compare the annual price of oil and the annual increase in GDP. When we look at the two, we can see that oil prices increased faster than real GDP. Nevertheless, we can also see that GDP still grew at a healthy pace.

GDP refers to Gross Domestic Product. This concept describes the monetary value of all good and services produced within a country's borders in a certain time period. GDP does not describe all the specific economic conditions of a country. However, it is still a useful measure for politicians and researchers in order to estimate the relative health of a country's economy.

5 0

3 years ago

What are the features of banking and non banking financial institutions​

What are the features of banking and non banking financial institutions