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3 years ago

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

Business

2 answers:

Brut [27]3 years ago

7 0

Fifth third and chase

leonid [27]3 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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The income statement for Splish Traveler Company shows cost of goods sold $307,000 and operating expenses (exclusive of deprecia

enyata [817]

Answer:

a. $349,700

b. $209,900

Explanation:

The computation is shown below:

Before computing the cash payment made to supplier first we have to find out the purchase amount which is shown below:

(a) Change in Finished goods + purchase = Cost of goods sold

-$25,800 + purchases = $307,000

So, the purchase is $332,800

Now

Cash paid to supplier is

= $332,800 + $16,900

= $349,700

And,

(b) Cash paid for operating expenses is

= $229,000 - $8,000 - $11,100

= $209,900

5 0

3 years ago

To reverse a downward trend in sales, Mazda introduced its MPV minivan. Mazda positioned its van as a cross between a standard m

vivado [14]

Answer:

C. Benefit

Explanation:

7 0

3 years ago

You are offered a chance to buy an asset for $200,500 that is expected to produce cash flows of $100,000 at the end of Year 1, $

Lapatulllka [165]

Answer:

What rate of return (IRR) would you earn if you bought this asset?

8,48%

Explanation:

To find the IRR it's necessary to know which is the discount rate that applied to the cash flow of the assets gives a value that compensate the investment of $200,500.

Year 1 $100.000 / (1+0,0848)^1 = $92.182

Year 2 $100.000 / (1+0,0848)^2 = $35.690

Year 3 $100.000 / (1+0,0848)^3 = $41.398

Year 4 $100.000 / (1+0,0848)^4 = $31.230

Total Present Value of Cash Flow=

$92.182 + $35.690 + $41.398 + $31.230 = $200,500

There is no way to find the IRR without Excel, the only way is to try with different rates in the current cash flow formula.

3 0

3 years ago

If an organization is committed to ethical business conduct that commitment should remain constant

Volgvan

Yes, the above statement is true. <span>If an organization is committed to ethical business conduct that commitment should remain constant. Although several firms and many employees remain constant in their ethical commitment and values, variances can happen.</span>

8 0

3 years ago

Wendell’s Donut Shoppe is investigating the purchase of a new $40,000 donut-making machine. The new machine would permit the com

oksano4ka [1.4K]

Answer:

initial outlay $40,000

savings per year = $5,200

additional contribution margin = 2,000 x $2.40 = $4,800

machines useful life = 6 years

1) total annual cash flows (assuming no residual value)

Year₀ = -$40,000

Year₁ = $5,200 + $4,800 = $10,000

Year₂ = $10,000

Year₃ = $10,000

Year₄ = $10,000

Year₅ = $10,000

Year₆ = $10,000

2) to determine IRR we can use a financial calculator or the present value of an annuity formula:

PV = annual payment x annuity factor

PV = $40,000

annual payment = $10,000

annuity factor = $40,000 / $10,000 = 4

3) using present value of an annuity table:

we have 6 periods, and we must look for an interest rate that results in an annuity factor of 4 = 13% (the exact annuity factor is 3.998)

using a financial calculator, the IRR = 12.98%, which we can round to 13%

4) the cash flows will be:

Year₀ = -$40,000

Year₁ = $10,000

Year₂ = $10,000

Year₃ = $10,000

Year₄ = $10,000

Year₅ = $10,000

Year₆ = $20,515

We cannot use the annuity formula now because our annuities are not equal. Using a financial calculator, IRR = 16.99%

6 0

3 years ago