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ValentinkaMS [17]
3 years ago
13

What is industrial banking?

Business
2 answers:
Alecsey [184]3 years ago
8 0

Answer:

An industrial bank is a state-chartered, financial institution, usually owned by a commercial firm, that is not regulated by a federal banking agency.

Explanation:

Zielflug [23.3K]3 years ago
5 0
An industrial bank is a state-chartered, financial institution, usually owned by a commercial firm, that is not regulated by a federal banking agency. Industrial banks accept customer deposits and provide loans for consumers and small businesses. Industrial banks are also known as industrial loan companies (ILCs).
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The market price of xyz corporation common stock is $55 and its quarterly dividend is $0.60. what is the stock's current yield?
eduard

The market price of XYZ corporation common stock is $55 and its quarterly dividend is $0.60. 4.36% is the stock's current yield.

A stock's current yield is determined by dividing the annual dividend by the stock's current market price. In this example, the stock's annual dividend is found by multiplying the quarterly dividend of $0.60 by 4. This equals $2.40. So the current yield is 4.36% ($2.40 ÷ $55).

Common stock is a class of stock that represents ownership of a company. Holders of common stock, called shareholders, are entitled to: Voting rights to elect directors. Normally a shareholder can cast one vote for each share he owns.

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2 years ago
WILL MARK BRAINLIEST!
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B. Cash in Bank account (debit) Interest on Loan account credit)

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Jay-cee corporation had 20,000 shares of $4 par value common stock outstanding on january 1. on january 20, the company purchase
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3 years ago
Stoll Co.'s long-term available-for-sale portfolio at the start of this year consists of the following.
Masteriza [31]

Answer:

a. Determine the amount Stoll should report on its December 31, 2017, balance sheet for its long-term investments in available-for-sale securities.

  • Company B notes $82,300
  • Company C bonds $603,800
  • Company X bonds $120,000
  • Company Z notes $276,000

b. (same as c.)Prepare any necessary December 31, 2017, adjusting entry to record the fair value adjustment for the long-term investments in available-for-sale securities.

  • Dr Company B notes 4,800
  •     Cr Unrealized gain on Company B notes 4,800 (= $82,300 - $77,500)

  • Dr Unrealized loss on Company C bonds 38,340 (= $603,800 - $642,140)
  •    Cr Company C bonds 38,340

  • Dr Unrealized loss on Company X bonds 2,100 (= $120,000 - $122,100)
  •    Cr Company X bonds 2,100

  • Dr Company Z notes 8,100
  •     Cr Unrealized gain on Company Z notes 8,100 (= $276,000 - $267,300)

Explanation:

beginning of the year                cost                  fair value

Company A bonds                $534,100             $492,000

Company B notes                  $159,140              $155,000

Company C bonds               $662,400              $642,140

since available for sale assets must be recorded at fair value, we must assume that the company prepared the adjusting entries at the end of the previous year (unrealized gains or losses):

Jan. 29 Sold one-half of the Company B notes for $78,820.

Dr Cash 78,820

    Cr Company B notes 77,500

    Cr Gain on sale of Company B notes 1,320

July 6 Purchased bonds of Company X for $122,100.

Dr Company X bonds AFS 122,100

    Cr Cash 122,100

Nov. 13 Purchased notes of Company Z for $267,300.

Dr Company Z bonds AFS 267,300

    Cr Cash 267,300

Dec. 9 Sold all of the bonds of Company A for $524,800.

Dr Cash 524,800

    Cr Company A notes 492,000

    Cr Gain on sale of Company B notes 32,800

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3 years ago
The manager of Steve's Audio has approved Daisy's application for 24 months of credit with maximum monthly payments of $45. If t
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The correct answer is e
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