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3 years ago

What is commercial bank? in your own words.

Business

1 answer:

balandron [24]3 years ago

7 0

Answer:

a financial institution that'll accept deposits, offers checking account services, and makes various loans and financial products

Explanation:

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"The Free-Float Company, a company in the 36% tax bracket, has riskless debt in its capital structure which makes up 40% of the

Strike441 [17]

Answer:

Equity Beta = 1.1413

Explanation:

The formula to find the asset beta is

Asset Beta = Equity Beta/(1+(1-tax rate)(Debt/Equity))

We will put the values given in the question in this formula

Asset Beta = 0.8

Tax rate = 0.36

Debt = 0.40

Equity = 0.60

0.8=Equity Beta/(1+(0.64)(0.40/0.60)

0.8=Equity Beta/1+0.4266

0.8=Equity Beta/1.4266

1.4266*0.8= Equity Beta

Equity Beta = 1.1413

6 0

3 years ago

Check her computer for errors on the drive. Which tool can help her?

Troyanec [42]

Depends on what you are trying to fix

8 0

3 years ago

Read 2 more answers

Poskey Corporation uses an activity-based costing system with three activity cost pools. The company has provided the following

MrRa [10]

Answer:

$\left[\begin{array}{cccccc}&Cost&Assembly&Setting Up&Other&Total\\wages&349,000&226,850&69,800&52,350&349,000\\Depreciation&290,000&101,500&58,000&130,500&290,000&Utilities&199,000&29,850&149,250&19,900&199,000&Total&838,000&358,200&277,050&202,750&838,000&\end{array}\right]$

Explanation:

We mulitply each line by the stated percent of each activity

<u>for example</u>

Setting Up % x Utilities= Utilities cost assigned to setting up

199,000x 75% = 149,250

Assembly % Depreciation= Depreciation cost assigned to assembly

35% x 290,000 = 101,500

This process must be done to assign each portion of cost.

6 0

3 years ago

Choose the items below that would be added to the book balance on a bank reconciliation. (Check all that apply.)

Blizzard [7]

Answer:

A. Interest earned on the depositor's account

B. Deposit in transit and Note collected by the bank for the depositor

Explanation:

In Financial accounting, bank reconciliation can be defined as an evaluation which give a complete details of the financial items responsible for any difference between the balance of the cash account in the balance sheet and the cash balance reported in an entity's bank statement. These reconciliations should be done at regular intervals so as to ensure a balanced record of the cash account are kept by an organization or firm.

Adjusted balance ends the bank section of a bank reconciliation. Thus, in the event of any fraudulent behavior by an employee, the bank reconciliation would detect any anomaly or financial fraud in the organization.

In a nutshell, after a reconciliation of the bank statement, the adjusted bank balance should be equal to the company's ending adjusted cash balance on the balance sheet.

The items that would be added to the book balance on a bank reconciliation include the following;

A. Interest earned on the depositor's account.

B. Deposit in transit and Note collected by the bank for the depositor.

3 0

3 years ago

Hammes Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and

Sergio039 [100]

Answer:

c. $191 Favorable

Explanation:

Flexible budget Planning budget Activity variance

Units produced 5,510 units 5,500 units

Revenue $237,481 $237,050

Total Expenses ($207,340) ($207,100)

Net Operating Income $30,141 $29,950 $191 F

<u>Workings</u>

Flexible budget revenue = 5,510 units*$43.10 = $237,481

Planning budget revenue = 5,500 units*$43.10 = $237,050

Flexible budget expenses = $75,100 + $24*5510 = $207,340

Planning budget expenses = $75,100 + $24*5500 = $207,100

4 0

3 years ago

What is commercial bank? in your own words. ​

What is commercial bank? in your own words.