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4 years ago

What are the two major financial institutions used by consumers for handling money?

Business

2 answers:

Brut [27]4 years ago

7 0

Fifth third and chase

leonid [27]4 years ago

4 0

Answer:

What is the most common type of financial institution?

Commercial banks. are the most common financial institutions in the United States, with total financial assets of about $13.5 trillion (85 percent of the total assets of the banking institutions). ...

Savings banks

Finance companies

Insurance companies

Explanation:

you know you can find the answer on google

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Who is responsible for leading the Federal Government's response efforts to ensure that the necessary coordinating structures, l

ElenaW [278]

I’m pretty sure, but forgive me if I’m wrong; it might be “C”. FEMA

6 0

3 years ago

Read 2 more answers

What is the value of Yutter's stock at the end of Year 1 using the dividend discount model assuming that the dividend payout rat

Blizzard [7]

Answer:

$557,000

Explanation:

Note: <em>Missing word is attached as picture below</em>

Retention Ratio = (Net Income - Dividends) / Net Income

Retention Ratio = (12500 - 3000) / 12500

Retention Ratio = 9500 / 12500

Retention Ratio = 0.76

Retention Ratio = 76%

Sustainable equity growth rate = Retention Ratio * Return on Equity

Sustainable equity growth rate = 76% * 15%

Sustainable equity growth rate = 11.40%

Expected dividend per share = Current Year Dividend *(100 + Growth Rate)%

Expected dividend per share = 3000 * (100+11.4)%

Expected dividend per share = 3000 * 111.4%

Expected dividend per share = 3342

Value of Stock = Expected dividend per share / (Cost of capital equity - Dividend growth rate)

Value of Stock = 3342 / (12% - 11.40%)

Value of Stock = $557,000

3 0

3 years ago

15,000 units in a process that are 70% complete are referred to as:

KengaRu [80]

Answer:

Explanation:

Equivalent units of production helps manufacturing companies determine the average completed or finished products. Additionally, since there are many items in continuous production, without calculation of equivalent units, it would be difficult to determine how much money was incurred in production costs.

Using the formula

The number of partially completed units (15,000) x percentage of completion (70%) = equivalent units of production (10, 500)

5 0

3 years ago

Aztec Company sells its product for $160 per unit. Its actual and budgeted sales follow.

nadezda [96]

Answer:

a. We have:

June's total cash collections = $605,760

July's total cash collections = $715,580

b. We have:

June's Loan Balance End of Month = $1,324,163

July's Loan Balance End of Month = $2,226,541

Explanation:

a. Prepare a schedule that shows the computation of cash collections of its credit sales (accounts receivable) in each of the months of June and July.

Note: See part a of the attached excel file for the schedule that shows the computation of cash collections for June and July.

In the part a of the attached excel file, we have:

June's total cash collections = $605,760

July's total cash collections = $715,580

b. Prepare a cash budget for June and July, including any loan activity and interest expense. Compute the loan balance at the end of each month.

Note: See part b of the attached excel file for cash budget for June and July.

In the cash budget in the attached excel file, the following calculations is made:

June additional loan = Minimum required cash balance - June Preliminary cash balance = $110,000 - (-$1,169,663) = $110,000 + $1,169,663 = $1,279,663

July additional loan = Minimum required cash balance - July Preliminary cash balance = $110,000 - (-$792,378) = $110,000 + $792,378 = $902,378

From the cash budget, we have:

June's Loan Balance End of Month = $1,324,163

July's Loan Balance End of Month = $2,226,541

Download xlsx

7 0

3 years ago

(Bond valuation) You are examining three bonds with a par value of $1 comma 000 (you receive $1 comma 000 at maturity) and

Anna71 [15]

Answer:

Bond A, 5 years to maturity, semiannual coupons, 8%

Bond B, 10 years to maturity, annual coupon, 8%

Bond C, 15 years to maturity, semiannual coupon, 8%

a) market rate 8% semiannual

Bonds A and C will be worth $1,000 (par value)

price of bond B:

effective interest rate = 1.04² - 1 = 8.16%
PV of face value = $1,000 / 1.04²⁰ = $456.39
PV of coupon payments = $80 x 6.66192 (PV ordinary annuity factor, 8.16%, 10 periods) = $532.95

market price = $989.34

b) price of bond A:

PV of face value = $1,000 / 1.025¹⁰ = $781.98

PV of coupon payments = $40 x 8.75206 (PV ordinary annuity factor, 2.5%, 10 periods) = $350.08

market price = $1,132.06

price of bond B:

effective interest rate = 1.025² - 1 = 5.0625%
PV of face value = $1,000 / 1.025²⁰ = $610.27
PV of coupon payments = $80 x 7.69817 (PV ordinary annuity factor, 5.0625%, 10 periods) = $615.85

market price = $1,226.12

price of bond C:

PV of face value = $1,000 / 1.025³⁰ = $476.74

PV of coupon payments = $40 x 20.93029 (PV ordinary annuity factor, 2.5%, 30 periods) = $837.21

market price = $1,313.95

c) price of bond A:

PV of face value = $1,000 / 1.075¹⁰ = $485.19

PV of coupon payments = $40 x 6.86408 (PV ordinary annuity factor, 7.5%, 10 periods) = $274.56

market price = $759.75

price of bond B:

effective interest rate = 1.075² - 1 = 15.5625%
PV of face value = $1,000 / 1.075²⁰ = $235.41
PV of coupon payments = $80 x 4.91292 (PV ordinary annuity factor, 15.5625%, 10 periods) = $393.03

market price = $628.44

price of bond C:

PV of face value = $1,000 / 1.075³⁰ = $114.22

PV of coupon payments = $40 x 11.81039 (PV ordinary annuity factor, 7.5%, 30 periods) = $472.42

market price = $586.64

d) If the market rate is lower than the coupon rate, then the bonds will sell at a premium. The longer the maturity date, the larger the variations in market price due to different interest rates. E.g. the 15 year bond is more affected than the 5 year bond.

7 0

3 years ago