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3 years ago

The main purpose of a depository institution is to:

Business

2 answers:

Ganezh [65]3 years ago

6 0

Answer: A.

Explanation: Above answer is right! (A P 3 X) y'all read the questions carefully tho. :)

Nikitich [7]3 years ago

5 0

Answer:

A. hold deposits in accounts and use that money to offer loans.

Explanation:

Depository institutions include commercial banks, credit unions, among others. They provide a safe, secure, and convenient way for customers to save money and a source of credit for households and businesses. Depository institution offers interest on deposits and uses that money to extends loans at a higher interest.

Interest on loans is the main source of revenue for depository institutions. They create loans from customer deposits and facilitate household and business expansion in the economy.

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Collection of projects, reports, exams, awards and other evidence of past experience and accomplishments which may serve as a su

Lady bird [3.3K]

Answer:

A)Career Portfolio

Explanation:

Career portfolio can be regarded as digital display of one's professional experience as well as accomplishments. It is usually used in planning, organizing as well as documentation of Educational, skills and work sample. It can be used when applying for jobs and training programs. It gives in-depth information compare to than a resume. It should be noted that Career Portfolio is Collection of projects, reports, exams, awards and other evidence of past experience and accomplishments which may serve as a summary of an individual’s interests and abilities and give a viewer an in-depth understanding of the individual’s personality and creativity.

4 0

3 years ago

At September 24, 2016, how much in total did customers owe Bullock? How much did Bullock expect to collect and not to collect

Artemon [7]

Answer:

The question is incomplete as there were figures on which the net receivables could be computed,as a result find below complete questions and answers:

At September 24, 2016, how much in total did customers owe Bullock? How much did Bullock expect to collect and not to collect on September 24, 2016? What was the net realizable value of Bullock's receivables on September 24, 2016?

Bullock

Balance Sheet (Excerpt, Adapted)

(In Millions of $)

Sep. 24, 2016 Sep. 26, 2015

Current assets:

Cash and cash equivalents $14,801 $19,148

Short-term marketable securities $41,936 $25,598

Accounts receivable, less allowance of $69 and $97, respectively $15,941 $17,758

Inventories $2,129 $2,235

Vendor non-trade receivables $13,132 $13,906

Other current assets $8,243 $15,166

Total current assets $102,287 $107,427

Customers owed Bullock $$15941+$69=$1610

Bullock expected not to collect $69

Bullock expected to collect—net realizable value $15941

Explanation:

Bullock has already made bad debt provisions for both years as $69 and $97 respectively.In other words, these figures are the best estimates for irrecoverable debts.

6 0

3 years ago

Peters, Chong, and Aaron are dissolving their partnership. Their partnership agreement allocates each partner an equal share of

il63 [147K]

Answer and Explanation:

The journal entry is shown below:

Peter ($174,000 - ($66,000 ÷ 2)) $141,000

Chong ($162,000 - ($66,000 ÷ 2)) $129,000

To Cash $270,000

(Being the distribution should be recorded)

For this the capital accounts are debited as it reduced the stockholder equity and credited the cash as it also decreased the assets

4 0

3 years ago

Three years ago, Joe bought a 5-year, 10% coupon paid semiannually bond for $1000. Currently, with interest rates having risen s

ludmilkaskok [199]

Answer:

3.63%

Explanation:

Semiannual coupon payment

= $100 ÷ 2 = $50[($1,000 × 10%) ÷ 2]

The total number of compounding period = 2periods per year × 3 years = 6 periods.

By entering the following data on a financial calculator, rate is calculated as 1.81%.

Semiannual yield = 1.81%

Annual yield = 1.81% ×2 = 3.63%

3 0

3 years ago

Sheffield’s Manufacturing Company can make 100 units of a necessary component part with the following costs: Direct Materials $1

larisa [96]

Answer:

Company Save $37000 by Buying

Explanation:

given data

make component part = 100 units

Direct Materials = $122000

Direct Labor = 34000

Variable Overhead = 55000

Fixed Overhead = 30000

purchase the component = $200000

fixed costs = $4000

to find out

make or buy decision

solution

first we find here Total Cost for Making component part

total cost = Direct Materials + Direct Labor + Variable Overhead + Fixed Overhead ..............1

put here value

total cost for make = $122000 + 34000 + 55000 + 30000

total cost for make = $241000

and

now we find here Total Cost for buying component part

total cost = Purchase Price + fixed costs ............2

put here value we get

total cost for buying = $200000 + $4000

total cost for buying = $204000

we can say Company Save = $241000 - $204000 = $37000 by Buying

5 0

3 years ago