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Snowcat [4.5K]
3 years ago
10

You have $7,600 to deposit. Regency Bank offers 12 percent per year compounded monthly (1.0 percent per month), while King Bank

offers 12 percent but will only compound annually.
How much will your investment be worth in 16 years at each bank? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
Regency Bank
King Bank
Business
1 answer:
Goryan [66]3 years ago
8 0

Answer:

Regency Bank : $51,347.27

King Bank : $46,590.99

Explanation:

The formula for calculating future value:

FV = P (1 + r)^mn

FV = Future value  

P = Present value  

R = interest rate  

N = number of years  

m = number of compounding

Regency Bank : $7,600 x (1.01)^(16 x 12) = $51,347.27

King Bank : $7600 x 1.12^16 = $46,590.99

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melamori03 [73]

Answer:

The correct answer is - Core revenue recognition principle.

Explanation:

The stipulations of an exchange transaction or other conditions related to the recovery of accounts receivable over a long period may prevent a reasonable estimate of the collectibility of such accounts. Both the term sales method and the income and cost recovery method can be used for the recognition of income and expenses, during the entire period in which collectibility is not reasonably assured.

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3 years ago
What is millennial behaviour regarding cooking and food trends?
aniked [119]

In considering healthy eating, their report also indicates that millennials have primary importance in transparency around ingredients with 36% wanting to know if products are Australian-owned and grown, followed by whether they are locally grown (31%) and whether products have no additives or preservatives (24%).

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2 years ago
Direct and Indirect Costs Kubin Company's relevant range of production is 18,000 to 22,000 units. When it produces and sells 20,
pychu [463]

Answer:

a) direct manufacturing cost    $220,000

b) indirect manufacturing cost $130,000

2 a) the manufacturing department cost will be of $350,000

  b) zero as direct material, labor and overhead can be determinated.

3) a) $40,000

  b) $50,000 advertizement.

4) No as we can set the object cost to determinate the direct and indirect cost of the adminsitrative expenses.

Explanation:

a) The direct manufacturing cost will be the variable manufacturing cost linked to the unit cost:

Materials $7 + Labor $4 = $11 per unit

20,000 units x $11.00 = $ 220,000

b) indirect manufacturing cost will be the overhead.

20,000 x ($1.5 + $5) = 130,000

2)

a) Materials, labor and overhead.

which totals for 350,000

2 b) all the manufacturing cost are traceable so zero.

3)

fixed selling

20,000 x 3.5 = 70,000

less 50,000 advertizement = 20,000

variable sales:

commisions $1 x 20,000 + 20,000 = 40,000 direct cost (sales persons)

b) the indirect cost will be the advertizement as cannot be linked directly to the sales person cost.

3 0
3 years ago
Oldhat Financial starts its first day of operations with $11 million in capital.A total of $120 million in checkable deposits ar
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Answer:

a.

Assets Side

Required Reserves   $10 million        

Excess Reserves   $51 million    

Loans   $70 million

Total $131 million

Liabilities Side

Checkable Deposits   $120 million

Bank Capital   $11 million

Total $131 million  

b. Bank capitalization can be measured with bank Leverage Ratio.

= Capital/Assets

= 11/131

= 8.40%

Bank is considered well capitalized if ratio is above 5% so Oldhat Financial is well capitalized.

c. Risk Weighted Assets = $50 million

Risk weighted capital ratio = 22%

Commercial loans are 100% risk weighted = $ 30 million

Residential mortgages are 50% risk weighted  = $ 20 millions

Total = $50 million.

Risk weighted Capital Ratio = Bank capital / Total risk weighted assets

= 11/50

= 22%

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Yanka [14]

Answer:

I believe I is B-wants

Explanation:

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3 years ago
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