A for-profit institution that works with the general public to open and manage savings accounts is known as a(n) savings bank.
Answer: C. savings bank
Answer:
The correct answer is Market Economy.
Explanation:
The market economy is an economic system where the fundamental decisions of what, how and for whom to produce are resolved through the market.
In a market economy, the interaction of supply and demand is what determines the quantity and equilibrium price of goods and services traded. Also, the market is responsible for the distribution of income through the possession of productive factors (capital, labor, etc.)
The State, for its part, would have the role of providing a legal framework that allows free competition and initiative of companies. This includes the protection of property rights, the intermediation of conflicts (Courts) and the subsidiary action in those cases in which competition is not feasible or limited.
Basing a system on the market economy gives importance to the balances originated between suppliers and claimants, which will determine their allocations of goods and services to produce and consume, with a high degree of independence of powers or institutions.
Answer:
b. 13.9%
Explanation:
sales 7,000,000
variable cost <u> (3,000,000) </u>
contribution 4,000,000
fixed cost (1,500,000)
interest <u> (480,000) </u>
EBT 2,020,000
tax expense (707,000)
net income 1,313,000
contribution margin 4,000,000 / 7,000,000 = 4/7
if sales increase by 7%:
7,000,000 x 0.07 x 4/7 x (1- 0.35) = 182,000
income after increase in sales: 1,313,000 + 182,000 = 1,495,000
increase in earnings: 1,495,000 / 1,313,000 - 1 = 0.138613861 = 13.9%
Answer:
The risk premium is 4.4%
Explanation:
The risk premium on any given investment is the difference between the risky investment and the risk free investment and in this case we know treasury bonds are risk free and offer a certain return of coupons because they come from governments rather than the fictional ones like the one from risky investment inc so to find the risk premium we say :
Risk Premium = Risky investment rate - Risk free investment Rate
= 7.3% - 2.9%
= 4.4%
Answer:
The current ratio is 1.18 times
Explanation:
Current Ratio: The current ratio is that ratio which shows a relationship between the current assets and the current liabilities
The computation of the current ratio is shown below
Current ratio = Total Current assets ÷ total current liabilities
where,
Total current assets = Cash + short-term investments + net accounts receivable + merchandise inventory
= $43,500 + $27,000 + $102,000 + $125,000
= $297,500
And, the total current liabilities is $251,000
Now put these values to the above formula
So, the ratio would equal to
= $297,500 ÷ $251,000
= 1.18 times
The long term note payable is not a current liabilities,hence it is not considered in the computation part.
