Answer: Hedging
Explanation: because the bank is hedging when it purchases a credit default swap that is offering protection against the default of one of its borrowers.
Webmail also known as email. Providers of webmail include Gmail, Outlook, Yahoo, AOL and much more. These providers allow companies and individuals to stay connected through web emailing. They allow for fast, effortless communication without the lag time of sending something through the post office mail. Webmail can be used to sell and order new products, provide customer service and communicate with those in other parts of the country/world.
The availability of many substitutes increases the elasticity of demand for a good. With the presence of substitutes the consumer has more options to seek out if there are price changes, therefore, the consumer is highly responsive to price changes and thus the elasticity of the demand curve is higher if there are many substitutes.
Answer:
For First National Bank = 15.05%
For first United bank = 14.92%
Explanation:
The computation of EAR for First National Bank and First United Bank is shown below:-
Effective annual rate EAR = (( 1 + i ÷ n)^n) - 1
as
I indicates the annual interest rate
n indicates the number of the compounding period
For First National Bank
Annual interest rate i = 14.1%
Effective annual rate EAR is
= ((1 + 0.141 ÷ 12)^12) - 1
= 1.1505 - 1
= 0.1505
or
= 15.05%
For first United bank
Effective annual rate EAR is
= (( 1+ 0.144 ÷ 2)^2) - 1
= 1.1492 -1
= 0.1492
or
= 14.92%
Answer:
Standard activity level= 100,000 units
Explanation:
Giving the following information:
Croissant Company's standard fixed overhead cost is $6 per direct labor hour based on budgeted fixed costs of $600,000. The standard allows 1 direct labor hour per unit.
Standard activity level= 600,000/6= 100,000 units
