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3 years ago

The Gramm-Leach-Bliley Act

Business

1 answer:

Feliz [49]3 years ago

7 0

Answer: a. requires financial institutions to ensure the security of customer data.

Explanation:

The Gramm–Leach–Bliley Act (GLBA), which is also known as the Financial Services Modernization Act of 1999 is an act of the 106th United States Congress.

The Act requires that Financial Institutions such as commercial banks, investment banks, securities firms, and insurance companies under the FINANCIAL PRIVACY rule ensure that they explained their information sharing principles of their customers' information to their customers and to safeguard sensitive data.

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Auditory Company, which applies overhead to production on the basis of machine hours, reported the following data for the period

Molodets [167]

Answer:

Fixed overhead variance= $18,000 favorable

Explanation:

Giving the following information:

Actual units produced: 12,000

Actual fixed overhead incurred: $750,000

Standard fixed overhead rate: $16 per hour

Budgeted fixed overhead: $740,000

Planned level of machine-hour activity: 45,000

Auditory estimates four hours to manufacture a completed unit.

First, we need to calculate the standard fixed costs for the period:

Allocated overhead= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated overhead= 16* (12,000*4)= $768,000

Actual overhead= 750,000

Fixed overhead variance= actual - allocated

Fixed overhead variance= 750,000 - 768,000= $18,000 favorable

8 0

3 years ago

one of the advantages of the matrix structure is: group of answer choices the ability to balance conflicting objectives higher p

k0ka [10]

A matrix structure has the advantage of "providing flexibility, enhanced cooperation, and creativity," according to technical and organizational theory.

<h3>What exactly is matrix structure?</h3>

Matrix Structure is a term used to describe the organizational method of establishing a firm's business in which reporting relationships are established in a grid or matrix style rather than the usual conventional hierarchy.
The matrix structure is known to have many advantages because it allows the company to make the best use of the resources it has rather than looking outside the company for more expertise and recruiting employees from outside the organization.

Matrix Structures of Various Types

Matrix Structure Flaw .

Matrix Structure that is Balanced .

Matrix Structure that is Strong .

To learn more about matrix structure refer to :

brainly.com/question/7437866

#SPJ4

3 0

1 year ago

The Love of Money is the root of all evil but if i give you money you will take it why???

ziro4ka [17]

Answer:

cause we need money for basic needs

such as cloths,shelter,education,medical needs e t c.

6 0

3 years ago

Read 2 more answers

Suppose that consumers become pessimistic about the future health of the economy and so they cut back on their consumption spend

Doss [256]

Answer:

what will happen to the output is that it will decrease due to less consumers and less money to find production, price levels drop(deflation) so will unemployment increase in the shelter on due to no jobs or money to create

3 0

3 years ago

A review of the ledger of Blossom Company at December 31, 2022, produces these data pertaining to the preparation of annual adju

AVprozaik [17]

Answer:

insurance expense 11,986 debit

prepaid insurance 11,986 credit

unearned revenue 84,000 debit

rent revenue 84,000 credit

interest expense 1,800 debit

interest payable 1,800 credit

salaries expense 2,000 debit

salaries payable 2,000 credit

Explanation:

<u>expired insurance</u>

Policy B4564 adjustment:

15,510 / 36 months x 12 months = 5,170

Plicy A2958 adjusment:

10,224 / 18 months x 12 months = 6,816

Total insurance expense: 11,986

<u>earned revenue:</u>

monthly rent x accrued month x number of lease

$5,000 x 2 months x 5 lease = 50,000

$8,500 x 1 months x 4 lease = 34,000

total 84,000

<u>interest calculations:</u>

principal x rate x time

120,000 x 9% x 2/12 = 1,800

<u>salaries accrued:</u>

5 employees x 700 each x 2/5 days = 1,400

3 employees x 500 each x 2/5 days = 600

Total accrued wages: 2,000

8 0

4 years ago