Based on the real interest rate, who tends to benefit from unanticipated inflation in terms of borrowing and lending?

After reading the new account insert in his monthly statement, Tony Mercadante determined that the FDIC considers a joint accou

yarga [219]

Answer: Please refer to Explanation

Explanation:

According to the Federal Deposit Insurance Corporation, the limit to the amount a person can be insured for is, $250,000 per depositor, per insured bank.

That means that Tony's account at a balance of $120,712 is covered completely as it is well below $250,000.

Their Joint account is also completely covered at $60,099.

Cynthia however does not have complete coverage as her bank account exceeds to the coverage limit by $3,629 which will not be covered.

Should be noted that should she transfer this excess to the joint account then she should be fully covered.

5 0

3 years ago

Most operating decisions of management focus on a narrow range of activity called the______________.

antoniya [11.8K]

Answer:

C. Relevant range of production

Explanation:

3 0

3 years ago

Mack writes a check to his maid, Marianne, in payment for services rendered. Marianne indorses the check in blank and gives the

Vilka [71]

Answer:

Mack, Marianne, and Martin

Explanation:

Based on the information provided within the question it can be said that in this scenario if the bank dishonors the check St. Mark can look for recovery from Mack, Marianne, and Martin. This is due to the fact that they all endorsed the check. This is because by endorsing the check you are signing the back of it which means that you are making it payable to someone else, and if the check is not accepted you are taking responsibility for paying that person. Which Mack, Marianne, and Martin all endorsed the check.

5 0

3 years ago

In its Department R, Recyclers, Inc., processes donated scrap cloth into towels for sale in local thrift shops. It sells the pro

HACTEHA [7]

Answer:

Units to be accounted for:

Beg WIP 300 units

started 2700 units

Total 3,000 units

Equivalent units

physical materials conversion

tranferred 2,850 2,850 2,850

ending 150 150 (20%) 30

total 3,000 2,700 2,880

Cost to be accounted for:

materials conversion

beg WIP 0 576

incurred 0 10,800

Total 0 11,376

Equivalent unis cost

materials zero

conversion: $11,376 / 2,880 = $3.95

Cost assigned for:

Transferred units

2,850 units x 3.95 = 11,257.5

ending work in process units

30 units x 3.95 = 118.5

Total cost to be assigned for 11,376

Notice: Total cost to be asisgned for and assigned cost are the same.

Explanation:

1) We count the physical units

2) Then, we solve for the equivalent units which, under weighted average are:

transferred units + completion on ending work in process.

3) Now, we solve for equivalent unit cost:

for materials, this is zero are there is no cost associaed with.

4) Finally, we made the cost assignment which, should match the beginning WP cost and the incurred cost during the period.

8 0

2 years ago

Suppose you purchase a 10-year bond with 6.5 % annual coupons. You hold the bond for four years, and sell it immediately after

Andrews [41]

Answer:

a. What cash flows will you pay and receive from your investment in the bond per $ 100 face value?

Year 0 Year 1 Year 2 Year 3 Year 4

-$109,13 $6,50 $6,50 $6,50 $112,53 (6,5+106,03)

b. What is the annual rate of return of your investment?

5,3%, the YTM of the bond.

Explanation:

If the YTM of the bond does not change during the year, it means that at the time the bond was sold, the total rate of return would be the same as was when the bonds were purchased, in this case 5,3%.

Bond Value

Principal Present Value = F / (1 + r)^t

Coupon Present Value = C x [1 - 1/(1 +r)^t] / r

Price of the Bond at the moment it was purchased:

The price of this bond it's $59,66 + $6,5 = $109,13

Present Value of Bonds $59,66 = $100/(1+0,053)^10

Present Value of Coupons $49,47 = $6,5 (Coupon) x 7,61

7,61 = [1 - 1/(1+0,053)^10 ]/ 0,053

Price of the Bond 4 years later:

The price of this bond it's $73,66 + $32,68 = $106,03

Present Value of Bonds $73,66 = $100/(1+0,053)^6

Present Value of Coupons $32,68 = $6,50 (Coupon) x 5,03

5,03 = [1 - 1/(1+0,053)^6 ]/ 0,053

4 0

3 years ago