Answer:
Commercial Bank > Offers checking accounts
Financial service company > Offers high-risk loans
Savings and loan association > Provides home mortgages
Credit union > Is owned by its members
Explanation:
1. Commercial Bank > Offers checking accounts
Commercial bank is a financial organization which accepts deposits, offers varieties of products including checking accounts, and provides loans to the public and enterprises.
2. Financial service company > Offers high-risk loans
When a company looks to develop economic growth through the use of money supply from the savings accounts of people, and offers risky loans, that company is said to be a financial service company.
3. Savings and loan association > Provides home mortgages
When an institution acts like a bank by not being a banking institution, and provides mortgages, it is coined as savings and loan association.
4. Credit union > Is owned by its members
Member-based financially operated organizations which helps people to provide financial services like non-risky loans and deposits, that is termed as credit union.
Answer:
a. $149.00
b. $217.00
Explanation:
Variable Costing
Product Cost under Variable Costing = Variable Manufacturing Costs Only
Total Variable Manufacturing Cost = $610,900
Unit Cost = Total Cost / Units Manufactured
= $610,900 / 4,100 units
= $149.00
Variable Costing
Product Cost under Absorption Costing = Variable Manufacturing Costs + Fixed Manufacturing Costs.
<u>Total Absorption Cost Calculation</u>
Total Variable Manufacturing Cost $610,900
Fixed manufacturing costs $278,800
Total Absorption Cost $889,700
Unit Cost = Total Cost / Units Manufactured
= $889,700 / 4,100 units
= $217.00
Answer:
A. Forced introduction of a national currency.
B. Provided federal contracts to arms and clothing manufacturers.
C. Improved infrastructure particularly in the form of the transcontinental railroad and telegraph systems.
Explanation:
The Civil War was a war between the then Northern States who comprised the Union and the then Southern States who comprised ti Confederacy in an attempt to get the Confederacy to rejoin the United States of America.
The war had many casualties but some good was done to the economy in terms of the following;
- There was a forced introduction of a national currency known as the Greenbacks after Congress passed the Legal Tender Act of 1862.
- The Federal Government increased spending in the economy by providing federal contracts to arms and clothing manufacturers to aid the troops.
- Improved infrastructure to enable information get to soldiers faster as well as to move soldiers faster especially in the areas of telegraph development and the construction of the transcontinental railroad.
In general, reducing the number of periods (n) used to pay off credit card debt but keeping the present value (PV) and interest rate (i) the same will increase the monthly payment (P).
Debt results once<span> a </span>shopper<span> of a </span>MasterCard<span> company purchases </span>an<span> item or service through </span>the card<span> system. The late payment penalty itself </span>will increase the number<span> of debt </span>the buyer<span> has.</span>
