1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Y_Kistochka [10]
2 years ago
5

The loan department of a financial corporation makes loans to businesses. The costs of processing these loans are often several

thousand dollars. All loans are initially evaluated using the same financial analysis software, but some require outside services such as appraisals and legal services. Which is the most appropriate costing system for the loan department
Business
1 answer:
Ket [755]2 years ago
3 0

Answer:

Operation costing

Explanation:

Operating costing is the combination of the job costing and the process costing. In this the cost are received for each and every operation rather for each and every process

Since in the given situation it is mentioned that they need some outside services like legal services etc so here the costing system that used for the loan department is operation costing

You might be interested in
Madsen Motors's bonds have 18 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon i
ivolga24 [154]

Answer:

$906.30

Explanation:

Face value (FV) = $1000

Coupon payment (C) = 7% of $1000 = $70

Yield to maturity (r) = 8% = 0.08

t = 18

Number of compounding periods (n) = 1 (annually)

Using the relation:

C[( 1 - (1 + r/n)^-nt) / (r/n)] + FV / (1 + r/n)^nt

70[(1 - (1 + 0.08)^-1*18) / (0.08/1)] + 1000 / (1 + 0.08/1)^1*18

70[1 - (1.08)^-18) / 0.08] + 1000 / 1.08^18

70[(1 - 0.2502490)/0.08] + (1000 / 3.99601949918)

70(9.3718871) + 250.24902

= $906.281117

= $906.30

6 0
2 years ago
Assume that securitization combined with borrowing and irrational exuberance in Hyperville have driven up the value of existing
Mashcka [7]

Answer:

The financial securities would decline by $106.7

Explanation:

Given

Financial securities at a geometric rate= $128

Underlying Security Asset = $14

Decreased value of the underlying asset = $6

When there's a reduction of $6 in the underlying asset price, this means the securities value will also get a reduction by a ratio of 6.

Because of this, we'll only consider the financial securities because it increases at a geometric progression unlike underlying assets that increases by arithmetic progression.

First, the value of financial securities needs to be calculated using the following formula;.

Value of Financial Securities = Financial securities at a geometric rate ÷

Decreased value of the underlying asset

Value of Financial Securities = $128 ÷ 6

Value of Financial Securities = $21.3

Tthe decline value of the financial securities is calculated as follows:

Decline Value = Financial securities at a geometric rate - Value of Financial Securities

Decline Value = $128 - $21.3

Decline Value = $106.7

Hence, the financial securities would decline by $106.7

6 0
2 years ago
A local restaurant offers an "all you can eat" Sunday brunch for $12. Jenica eats two servings but leaves half of a third helpin
pshichka [43]

Answer:

C. Her marginal value of an additional bite of food has fallen to zero.

Explanation:

Marginal value is a concept used in understanding consumer choices and can be defined as the incremental value derived from consuming an additional unit of a product or service. Jenica's marginal value has fallen to zero since she does not derive any more value from consuming an additional bite of the remaining or uneaten portion of food.

4 0
2 years ago
How did the apple2 device worked
AlladinOne [14]
Just like the casual phone with memory strip and a crop base and all other parts
7 0
3 years ago
olsan Technologies had received a contract to produce two units of a new cruise missile guidance control. The first unit took 5,
Effectus [21]

Answer:

$1,901,385

Explanation:

First unit produced by lambda took 5,000 hours to produce and required $30,000 worth of materials and equipment usage.

The second unit took 4,500 hours and used $24,000 worth of materials and equipment usage.

learning rate = time needed to produce second unit / time needed to produce first unit = 4,500 hours / 5,000 hours = 90%

materials and equipment usage rate = $24,000 / $30,000 = 80%

using the attached table of cumulative values, we can determine the cumulative improvement factors needed to solve this question:

Olsan's accumulated cost for producing 20 more guidance controls

  • work hours = 4,500 x 14.61 (90% and 20 units) x $25 per hour = $1,643,625
  • materials and equipment = $24,000 x 10.74 (95% and 20 units) = $257,760
  • total = $1,901,385

5 0
2 years ago
Other questions:
  • What is the best organization pattern for an informative speech on how to build a first-class personal computer for less than ha
    13·1 answer
  • What is one difference between what a Computer Programmer and an Information Support Specialist does?
    10·2 answers
  • A company had beginning inventory of 5 units that cost $10 each. During the month, 15 units were purchased for $11 each. The com
    9·1 answer
  • Marketing is not needed in a ______________ economy. Select one:
    14·1 answer
  • if you are planning to carry a large balance on your credit card which credit card features you should look for
    8·1 answer
  • If a baker notifies you that he will not deliver the bread for your restaurant. You must try to find bread even if it costs more
    10·1 answer
  • which of the following countries had the highest per capita GDP in 2013? Iran, Malaysia, Poland, Turkey
    13·1 answer
  • On January 1, Year 1, a contractor began work on a $3.2 million construction contract that is expected to be completed in 3 year
    11·1 answer
  • "Nepal has a great potentiality of operating local level Industries." Justify this statement with suitable example.​
    6·1 answer
  • Suppose there are two economies, Alpha and Beta, which have the same production possibilities curves and are on the same point o
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!