The fed currently focuses monetary policy on the ; Federal funds rate
Answer:
d. $ 263.50
Explanation:
The Exchange rate is 1 dollar = 19.924 Uruguayan Peso.
We need to buy 5000 Uruguayan pesos but the agent requires a comision of a 5% when converting currency, so really we will need to buy:
5,000 Uruguayan pesos + 5,000 Uruguayan pesos* 0.05 = 5,250 Uruguayan pesos.
Now if we apply the given exchange rate we will obtain the amount of US Dollars we need:
x U$S = (5,250 Ur.$)/(19,924 Ur.$/U$S)= 263,50 U$S needed
Answer:
The correct answer is letter "B": pensions have traditionally been set as a fixed nominal dollar amount per year at retirement.
Explanation:
Pensions are retirement plans employees enroll during their working years. There are different types of pensions being the most common the <em>401(k), Individual Retirement Account (IRA), </em>and <em>Roth IRA</em> each one with particular features. What all of them have in common is that they allow retired individuals to receive a fixed stream of income per year after they officially stop working. Therefore, that is the reason why economists call pensions as "<em>defined benefits</em>" plans.
Answer:
Debit income summary $30,00
Explanation:
Closing entries are used to move balances from temporary accounts to permanent baccounts so that a business can recognise income or loss made during an accounting period.
2/3 profit and loss is for Dana, that is (2/3)* 30,000= $20,000
1/3 of profit is assigned to Emile that is (1/3)* 30,000= $10,000
So the close out entries will be
A debit to income summary of $30,000
A credit to Dana of $20,000
A credit to Emile of $10,000
Answer:
0.259
Explanation:
difference in loan loss allowance in the year= 4.5-4.2= 0.3m
difference in non performing loans in the year= 6.2-5.8= 0.4m
Provision for loan loss= (difference in loan loss allowance + difference in non performing loans)/ net charge offs
provision for loan loss= (0.3+0.4)/2.7=0.259
