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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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Analysis of market share is a key to understanding the firm's:

Alik [6]

Analysis of market share is a key to understanding the firm's:

O a. competitive environment.

O b. demographic strengths.

O c. social and cultural environment.

O d. technological environment

answer is A

8 0

3 years ago

General Forge and Foundry Company has a quick ratio of 2.00; $38,250 in cash; $21,250 in accounts receivable; some inventory; to

Vlada [557]

Answer:

The answer is General Forge and Foundry Company selling and replacing its inventory 2.55 times per year on average.

Explanation:

We have:

The company cost of good sold = Sales x 65% = 100,000 x 65% = $65,000

The company inventory = Total current asset - Cash - Account Receivable = 85,000 - 38,250 - 21,250 = $25,500

=> Inventory turn over ratio = Cost of good sold / Inventory = 65,000/25,500 = 2.55 times or the company is selling and replacing its inventory 2.55 times per year.

So, the answer is 2.55 times.

4 0

3 years ago

Michael's, Inc. just paid $2.75 to its shareholders as the annual dividend. Simultaneously, the company announced that future di

yuradex [85]

Answer:

$69.34

Explanation:

The computation of today one share of stock is shown below:

= (Next year dividend) ÷ (Required rate of return - growth rate)

where,

Next year dividend is

= $2.75 + $2.75 × 5.90%

= $2.75 + 0.16225

= $2.91225

And, the required rate of return is 10.1%

Plus, the growth rate is 5.90%

So, the today price is

= ($2.91225) ÷ (10.1% - 5.90%)

= ($2.91225) ÷ (4.2%)

= $69.34

7 0

3 years ago

DriveTrain, Inc. instituted a new process in October 2020. During October, 12,400 units were started in Department A. Of the uni

alexandr1967 [171]

Answer:

Transferred To Department B costs= $ 57,620

Materials = $2.7 * 8,600= $ 23,220

Conversion Costs = $ 4* 8,600= $ 34,400

Explanation:

Units % of Completion EUP

Materials C.C Materials C.C

Transferred 8,600 100 100 8600 8600

WIP Ending 3,800 100 50 3800 1900

Total 12,400 12,400 10500

Materials Costs per equivalent Unit= $33,480/ 12400= $ 2.7

Conversion Costs per equivalent Unit= $42,000/ 10,500= $ 4

Transferred To Department B costs= $ 57,620

Materials = $2.7 * 8,600= $ 23,220

Conversion Costs = $ 4* 8,600= $ 34,400

8 0

4 years ago

Read 2 more answers

Which action would the FED most likely take as part of an expansionary monetary policy?

grigory [225]

Answer:

C) buy securities on the open market

Explanation:

The Fed has several tools that it can use to effect monetary expansion. Buying securities in the open market is one of the tools that result in expansion. When the Fed buy and sell securities in the markets, it conducts open market operations OPO.

By buying securities from banks, the Fed aims at reducing the interests rates. When the Fed buys securities, it increases money held by banks. It is the equivalents of large cash deposits to the banks. The Fed is encouraging banks to loan out money to firms and individual. Because banks will have too much money, they will entice borrowing by offering low-interest rates.

The Fed buying securities is increasing the money supply in the economy.

5 0

3 years ago