Answer:
adjusted community rating approach for individuals and small businesses.
Explanation:
The Affordable Care Act (ACA) requires insurance companies to adhere to the adjusted community rating approach for individuals and small businesses.
D. A change in the price of the product will lead to a movement along the curve and not a complete shift of the curve
<span>Some of the factors considered by the government prior approving merger include how well the market is being defined. Then the other is to know the previous market share of the merging company/firms before and after the merger. The government will accept those with benefits to the customer and disapprove the mergers that will make only the market more concentrated.</span>
Answer:
The answer is
1. False
2. True
3. True
4. True
5. False
Explanation:
1. False. Banks does not keep the entire value of all customer deposits in the bank vault. Some customers deposit will be given out as loan and other Investment opportunities.
2. True. Loans given out to borrowers are part of customers' deposits.
3. True. Bank run occurs when customers try to withdraw their money from a bank at once, maybe the bank is in crisis.
4. True. Federal Deposit Insurance Corporation protects customers' deposits
5. False. The fractional reserve banking system requires all banks to keep part of customer deposits in the bank vault to prevent bank runs
Explanation:
The preparation of the retained earnings statement for the year ended December is presented below:
Culver Corporation
Retained Earning statement
For the year ended December 31, 2017
Beginning balance of retained earning $718,500
Add: Correction recorded $86,470
Add: Net income $1,596,000
Less: Cash Dividend paid -$80,500
Ending balance of retained earning $2,320,470
