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3 years ago

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In universal banking model, banks: Select one: a. Have growth of loans portfolio as their main strategy b. Focus on maximizing t

heir net interest margins c. Offer wide range of financial services to their clients d. All choices are correct e. None of the choices is correct

1 answer:

GrogVix [38]3 years ago

3 0

Answer
B
Explanation

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If net sales for the current year were $612,000, the firm's days' sales uncollected for the year is: (Use 365 days a year.)

Aneli [31]

Answer:

42 days.

Explanation

Note: The full question is attached as picture below

Account receivable turnover ratio = $612,000 / $70,422

Account receivable turnover ratio = 8.69

Account collection period = 365 / 8.69

Account collection period = 42.00230.

Thus, the firm’s sales uncollected for year is 42 days.

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3 years ago

Lisa has $1,000 in cash today. Which one of the following investment options is most apt to double her money? A. 6 percent inter

Zepler [3.9K]

Answer:

D. 8 percent interest for 9 years

Explanation:

We would use the formula future value formula below to determine which of the investment options would double her money:

FV=PV*(1+r)^n

PV is the amount invested which is $1000

r is the interest rate expected to be earned while n is the number of years First option:

FV=$1000*(1+6%)^3

FV=$1,191.02

Second option:

FV=$1000*(1+12%)^5

FV=$1,762.34

Third option:

FV=$1000*(1+7%)^9

FV=$ 1,838.46

Fourth option:

FV=$1000*(1+8%)^9

FV=$2000

Last option:

FV=$1000*(1+6%)^10

FV=$ 1,790.85

8 0

4 years ago

There is a difference between the income tax payable account and the income tax expense account in the financial statement of th

Anit [1.1K]

C. Accounts Payable

Income tax expense is the amount that your company calculates for taxes, whereas income tax payable is the actual amount calculated by the IRS that the company owes which is recorded as a liability in accounts payable until the tax bill is paid off.

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3 years ago

How often must a financial institution pay interest to the commissioner of management and budget from a broker's interest-bearin

Luda [366]

The answer is At least quarterly.

financial institution pay interest to the commissioner of management and budget from a broker's interest-bearing trust account at least quarterly.

What is a Financial institutions?

A financial institution (FI) could be a company locked in within the business of managing with monetary and financial transactions such as stores, advances, ventures, and cash exchange.
Financial institutions envelop a wide run of commerce operations inside the money related administrations segment counting banks, believe companies, protections companies, brokerage firms, and speculation dealers.
Financial teach can shift by measure, scope, and geography.
A financial institution (FI) is a company engaged in the business of dealing with financial and monetary transactions such as deposits, loans, investments, and currency exchange.

To know more about financial institution visit:

brainly.com/question/14583055?

#SPJ4

3 0

2 years ago

A company produces a cardboard box in the shape of a cube. The surface area of the box is represented by S=6x2, where x is the e

nydimaria [60]

Answer:

x = $\sqrt{\frac{S}{6} }$ or $( \frac{S}{6} )^{\frac{1}{2} }$

Explanation:

The cardboard box is in the shape of a cube. The surface area of the box is given by:

S = 6 $x^{2}$

To find the inverse, we have to solve for x. To solve for x means we will make x the subject of the equation above

Divide both the right and left hand side by 6, we have:

6 $x^{2}$ ÷ 6 = S ÷ 6 ⇒ $x^{2}$ = $\frac{S}{6}$

$x^{2}$ = $\frac{S}{6}$

Take the square root for both the right and left hand side, we have:

$\sqrt{x^{2} }$ = $\sqrt{\frac{S}{6}}$ ⇒ x = $\sqrt{\frac{S}{6}}$

x = $\sqrt{\frac{S}{6} }$ or $( \frac{S}{6} )^{\frac{1}{2} }$

Therefore, x is equivalent to the square root of (S/6)

7 0

4 years ago

Read 2 more answers