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3 years ago

What is the primary function of financial institutions in the economy?

1 answer:

7 0

Financial institutions in the economy determines the cost and the quantity of funds available in the economy to pay for thousands of goods and services we purchase daily.

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True or false? cms, not the apc advisory panel or medpac, makes the final ruling for updates and changes to opps.

Elenna [48]

True I think I hope I help

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3 years ago

Which of the following requirements must be met before a lender may begin the power of sale

alex41 [277]

The lender must wait at least 15 days before receiving notice of a breach of the terms not being upheld and a mortgage default. This authority is frequently outlined in a clause in the mortgage contract between the lender and the borrower.

What is power?

The ability to exert authority, control, or influence over another person is referred to as having "power." Decision-making has benefited from the power.

According to the mortgage laws, a lender must wait at least 15 days before receiving notice that their mortgage has defaulted due to a breach of the terms. The mortgage contract between the lender and borrower often include a clause expressing this authority.

As a result, mortgage act as 15 days notice period, breach of contract and legal obligations.

Learn more about on power, here:

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2 years ago

Two TransWorld Airline mechanics failed to properly repair the landing gear of a 747. As a result, the plane’s landing gear coll

lisabon 2012 [21]

Answer:

Explanation:

the airport would be liable because the fire truck blowing a tire and hitting the pole was the direct cause. not the failure of the landing gear

5 0

4 years ago

2. Assume the cost object is the Manufacturing Department and that its total output is 15,500 units. a. How much total manufactu

tigry1 [53]

Answer:

There are three stages of assignment of costs to each product and these are as under:

Allocation
Apportionment
Absorption / Activity Based costing

So this question relates to stage one. Suppose the following situation:

There are 2 departments and they have following expenses

Department A has a supervisor whose annual salary is $30000

Department B has a worker whose annual salary is $22000

Department A & B have shared a rented property for there operations.

Department A and B also shares electricity bills and annual electricity charges stand almost $80,000

Now the directly attributable / traceable cost to Department A are those that are hundred percent related to Department A. In this example, we saw that supervisor salary is the only cost that is hundred percent related to Department A. Likewise Worker's salary is also relateable to Department B. Whereas the rental cost and electricity bills are not directly attributable to these departments. So this means the manufacturing costs that are directly traceable are those that hundred percent relates to the manufacturing departments.

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4 years ago

On January 1, 2021, Cori Ander Herbs granted restricted stock units (RSUs) representing 300,000 of its $1 par common shares to e

Anna [14]

Answer: $1,288,000

Explanation:

The amount should the company record as compensation expense for the year ended December 31, 2022 will be calculated thus

Number of RSUs = 300,000

Market price of shares = $14

Term of RSUs = 3 years

The compensation expense for year 1 which is 2021 will be:

= [(300,000 × $14) × 1 / 3] - $0

= $1,400,000

The compensation expense for year 2 which is 2022 will be:

= [(288,000 × $14) * 2 / 3] - $1,400,000

= $2,688,000 - $1,400,000

= $1,288,000

Therefore, the amount should the company record as compensation expense for the year ended December 31, 2022 will be $1,288,000

Note that the number of RSUs in 2022 was calculated as:

= 300,000 × (100% - 4%)

= 300,000 × 96%

= 288,000

8 0

3 years ago