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3 years ago

Function of financial system?

Business

1 answer:

Flura [38]3 years ago

3 0

Answer:

A financial system functions as an intermediary and facilitates the flow of funds from the areas of surplus to the areas of deficit. It is a composition of various institutions, markets, regulations and laws, practices, money managers, analysts, transactions, and claims & liabilities.May 29, 2016

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Maple Industries has 7 percent bonds outstanding that mature in thirteen years. The bonds pay interest semiannually and have a f

levacccp [35]

Answer:

A. 6.75%

Explanation:

In this question, we use the Rate formula which is shown in the spreadsheet.

The NPER represents the time period.

Given that,

Present value = $1,021.16

Future value or Face value = $1,000

PMT = 1,000 × 7% ÷ 2 = $35

NPER = 13 years × 2 = 26 years

The formula is shown below:

= Rate(NPER,PMT,-PV,FV,type)

The present value come in negative

So, after solving this, the pretax cost of debt is 6.75% (3.38% × 2)

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3 years ago

When Harley-Davidson advertises to reinforce the perception that the brand is masculine, rugged, and individualistic, it is buil

andreev551 [17]

Harley-Davidson is building brand personality by reinforcing the perception that his brand is masculine, rugged, and individualistic.

<h3>What is Brand personality?</h3>

Brand personality is a characteristics attributed to a brand name to which the consumer can relate.

It is an effective brand increases which empowers one's company to build connections with its target audience.

Hence, Harley-Davidson is building brand personality by reinforcing the perception that the brand is masculine, rugged, and individualistic.

Learn more about Brand personality here: brainly.com/question/14558525

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2 years ago

A donor provides a large cash contribution that is to be used for acquisition of a new building. Under FASB standards, how would

jarptica [38.1K]

Answer:

B. Investing activity.

Explanation:

Investing activity refers to payment for acquisition of assets like a new building. It is an investing activity because the asset is expected to generate returns in terms of savings in rent.

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3 years ago

The Gregor family installed a pool in their backyard but refused to put in a fence. While the Gregors were on vacation, a 10-yea

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The family of the boy will most likely sue the Gregors for not putting a fence around the pool in their backyard due to which their child has been injured.

<h3>What is a fence?</h3>

A fence is a structure built outside an area to cover it so that no one can escape or enter that area. It is a kind of a railing or a barrier usually made up of wood, wire, or steel bars.

If the Gregor family has put the fence around the pool in their backyard, then a ten-year-old boy can't able to enter the pool area which ultimately results in no injury to the boy. But the Gregor family has denied putting the fence which makes the ten-year-old injured when he jumps into the pool area.

Therefore, the injured boy's family will sue the Gregor family for not putting a fence around the pool area.

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2 years ago

Bad Debt Expense is considered __________.a. an avoidable cost in doing business on a credit basis. b. an internal control weakn

horsena [70]

Answer:

c. a necessary risk of doing business on a credit basis.

Explanation:

Bad debt is an amount that is owed to a creditor , which will not be paid back . Bad debt expense could be as a result of company who took a loan and is not able to pay back due to bankruptcy.

Before bad debt expense occur in a business, management often make provisions for such debt. Provision for bad debt expense is an amount set aside to cushion the effect of debts that are likely not to be paid back.

It therefore means that bad debt expense is a necessary risk of doing on a credit basis.

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3 years ago

Function of financial system?​

Function of financial system?