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Bezzdna [24]
3 years ago
14

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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Crane, Inc. estimates the cost of its physical inventory at March 31 for use in an interim financial statement. The rate of mark
Ann [662]

Answer:

The estimated Inventory is $376,000.00, which is equal to the difference between cost of goods available for sale and cost of goods sold.

Explanation:

The cost of goods available for sale is made of Beginning Inventory $538,000 and Net Purchases $410,000 (418,000 Purchase - 8,000 Purchase Returns).

The cost of goods sold is 100% of Sales of $714,000, using a markup on cost of 25%.  This implies that Sales represent 100+25%, = 125%.

Cost of goods sold is therefore $714,000/125 x 100, which is equal to $571,200.

A summary of Trading Account is attached to illustrate the above workings.

Download xlsx
8 0
3 years ago
Read 2 more answers
The interest rate is 15.5 percent a year in Indonesia and 1.7 percent in a year in Hong Kong. The inflation rate is 12.6 percent
yawa3891 [41]

Answer:

In Indonesia, 2.58%,

In Hong Kong, 3.14%

Explanation:

Since,

\text{Real interest rate}=\frac{\text{1+Nominal interest rate}}{\text{1+Inflation rate}}-1

In Indonesia,

Nominal interest rate = 15.5% = 0.155,

Inflation rate = 12.6% = 0.126,

So, \text{Real interest rate}=\frac{1+0.155}{1+0.126}-1=\frac{1.155}{1.126}-1=0.02575\approx 0.0258\approx 2.58\%

In Hong Kong,

Nominal interest rate = 1.7% = 0.017,

Inflation rate = -1.4% = -0.014,

So, \text{Real interest rate}=\frac{1+0.017}{1-0.014}-1=0.03144\approx 0.0314\approx 3.14\%

8 0
2 years ago
The concept that people should pay taxes based on the benefits they receive from government services is called?.
Scilla [17]

The Benefits Received Principle is an income tax fairness theory that holds that individuals should pay taxes based on the advantages they receive from the government.

According to the benefits received rule, those who receive the most benefits from the government, either directly or indirectly, should pay the most taxes in order to be fair.

Rather than using such a rule, taxes in the United States are mostly paid using a progressive system of income tax .

The benefits received rule dissuades double-counting charitable donations as a tax regulation.

Learn more on income tax -

brainly.com/question/17075354

#SPJ4

5 0
9 months ago
Jennifer Orgolini, the chief financial officer at New Belgium Brewery, explains that the benefits and rewards associated with th
Natali [406]

Answer: emotional intelligence

Explanation: The capacity of an individual to control, express and be aware of the emotions of others and himself is called the emotional intelligence.

    In the given case, Jennifer Orgolini is encouraging to the employees to participate in the philanthropy program. Such programs are focused on social welfare and will make the participants more emotionally aware. Thus such motivating depicts the company wants employees that have high emotional quotient.

     

7 0
3 years ago
Ajax Company presently leases a copy machine on a monthly basis. The lease agreement requires a fixed fee each month in addition
DedPeter [7]

Answer:

Variable cost per copy =$ 0.03  

Explanation:

The high and low techniques helps to analyse a cost into its variable and fixed cost component.

The  formula is given below:\

Variable cost per copy = (cost at high act. - cost at low act)/(high act - low act)

Fixed cost = cost at high activity - (Vc/copy × high act)

VC per copy = ( 195 - 162)/(3500-2400) copies

                  =$ 0.03  per copy

Total fixed cost = 195 - (0.03× 3500)

                          = 195 - 105

                          =$90

5 0
3 years ago
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