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DochEvi [55]
3 years ago
10

After Xavier and Alyssa deposited nearly $55,000 in a savings account at Bigbux Bank, the bank failed and filed for bankruptcy.

Because the Bigbux was an FDIC member bank, Xavier and Alyssa:_______
Business
2 answers:
astraxan [27]3 years ago
6 0

Answer:

Should be okay because their account is fully insured by the FDIC

Explanation:

The Federal Deposit Insurance Corporation (FDIC) is an agency that was formed to protect depositors of US depository organisations.

They provide a standard deposit insurance amount of $250,000 per account for each insured bank and for each account ownership category.

So for example if a client owns multiple savings accounts there will be coverage of $250,000 for all accounts in this category.

In this scenario Xavier and Alyssa are covered because their account balance is below $250,000.

krok68 [10]3 years ago
3 0

Answer: should be protected due to the fact that their account is insured by FDIC.

Explanation:

From the question, we are informed that after Xavier and Alyssa deposited nearly $55,000 in a savings account at Bigbux Bank, the bank failed and filed for bankruptcy but that the Bigbux was an FDIC member bank.

Based on the above scenario, Xavier and Alyssa should be protected due to the fact that their account is insured by FDIC. Since the bank is insured, their money is safe.

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You have an insurance policy with a $300 premium and a $500 deductible. How much should you expect to pay the insurance company
Aleksandr [31]
<h3>Hello there!</h3>

Your question asks how much you would be paying for insurance with the information given.

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People tend to get confused with deductibles. You don't pay monthly for deductibles. Deductibles are a payment that someone needs to pay before an insurance company starts paying for your needs that your coverage provides. For example, if I brake a bone, I would first pay the $500 deductible before the Insurance company starts covering my costs. This is the ensure that the insurance company gets some type of money before they start helping you.

<h3>I hope this helped you out!</h3>
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2 years ago
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Allied Merchandisers was organized on May 1. Macy Co. is a major customer (buyer) of Allied (seller) products.
Angelina_Jolie [31]

Answer:

Explanation:

                                        JOURNAL

Date   Account Title & Explanation  Post          Debit ($)   Credit($)

                                                              Ref.

3- May  Inventory                                                            16,000

             Cash                                                                                      16,000

            (To record the purchase at 8

             per $ for 2000 units

5-May    Account receivable                                             12,000

              Sales                                                                                      12,000

              (To record the sales on account)

5- May   Cost of goods sold                                               8000

              Inventory                                                                                 8000

             (To record Cost of goods sold)

7- May   Sales return & allowance                                      1,200

             Account receivable                                                                  1,200

            (To record the sales return)  

7- May   Inventory                                                                  800

             Cost of good sold                                                                     800

             (To record the cost of inventory

             restored to Allied Company)

8- May   Sales return allowance                                            400  

             Account receivable                                                                   400

             (To record the credit of $400 given

             to Macy company for compensate of

             damage)

15- May  Cash                                                                         10,192

              Sales discount                                                             208

              Account receivable                                                               10400

              (To record the cash received within

              discount period)

N:B

From above ; on May 15 ;

We determine the accounts receivable amount after sales return and allowances;

i.e

Account receivable = Sales - Sales return - Compensation Period

                                 = $12,000 -$1,200 - $ 400

                                 = $10,400

The cash discount =  Account receivable × 2 %

                               = $10,400 × 0.02

                               = $208

The cash received amount = Account receivable × 98%

                               = $10,400 × 0.98

                               = $10,192

I hope that helps alot!

4 0
3 years ago
You have the following data on The Home Depot, Inc. Market value of long-term debt: $20,888 million Market value of common stock
Phantasy [73]

Answer:

Expected rate of return on equity under the new capital structure is 9.75 %

Explanation:

given data

Market value of long-term debt =  $20,888 million

Market value of common stock =  $171,138 million

Beta =  1.04

Yield to maturity at 10 year t = 2.167%

Expected return on equity = 8.895%

Marginal tax rate t =  35%

solution

we get here cost of unlevered equity  by the cost of levered equity formula that is  

cost of levered equity  = rSU + (rSU-rD) ×  (1-t) × (D÷S)    .................1

here rSL is cost of levered equity and  rSU is cost of unlevered equity and rD is before tax cost of debt and D is  value of debt and S is value of equity.

put here value and we will get  

8.895% = rSU + (rSU-2.167%) ×  (1-35%) × (20,888÷171,138)

solve it we get

rSU = 0.084005

cost of unlevered equity  = 8.40 %

and

cost of levered equity for new capital structure will be

put here value in equation 1

cost of levered equity  = 8.40 + (8.40-2.376%) × (1-35%) × ( 20 ÷ 80 )

cost of levered equity = 9.75 %

5 0
3 years ago
Farmers successfully selecting for increased oil content in soybeans over many generations is an example of what type of selecti
julsineya [31]

The type of selection that is being described in the scenario above is directional selection. It is because directional selection is when one favors a specific thing out of the variation that is continuous in which we can refer the farmers selecting increased oil content over many of the generations.

3 0
3 years ago
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