Answer:

Seasonal; primary; secondary.

Explanation:

A loan can be defined as an amount of money that is being borrowed from a lender and it is expected to be paid back at an agreed date with interest.

Generally, the financial institution such as a bank lending out the sum of money usually requires that borrower provides a collateral which would be taken over in the event that the borrower defaults (fails) in the repayment of the loan.

The Federal Reserve System ( popularly referred to as the 'Fed') was created by the Federal Reserve Act, passed by the U.S Congress on the 23rd of December, 1913. The Fed began operations in 1914 and just like all central banks, the Federal Reserve is a United States government agency. It comprises of twelve (12) Federal Reserve Bank regionally across the United States of America.

The Fed offers three types of discount window loans. Seasonal credit is offered to small institutions with demonstrable patterns of financing needs, primary credit is offered for short-term temporary funds outflows, and secondary credit may be offered at a higher rate to troubled institutions with more severe liquidity problems.

This merger is an example of **"vertical merger".**

A vertical merger refers to a merger which is between two companies or organizations that deliver different services and administrations or parts along the esteem chain for some last item. Mergers between such organizations or companies happen with an end goal to decrease generation expenses and increment productivity for higher benefits.

To represent, assume company ABC produces shoes and company DEF produces leather. DEF has been ABC's calfskin provider for a long time, and they understand that by going into a merger together, they could cut expenses and increment benefits. They combine vertically in light of the fact that the leather delivered by ABC is utilized as a part of ABC's shoes.

Answer:

3

Explanation:

We are asked to use the midpoint formula.

Here, instead of dividing the change in values by the old value as in the normal elasticity calculation, we use the average of the two.

Mathematically:

Price elasticity of demand according to midpoint formula is :

{Q2 - Q1 / (Q2 + Q1) ÷ 2] × 100%} ÷ {[P2 - P1/ (P2 + P1) ÷ 2] × 100}

Price changed from 5 to 7. The midpoint of 5 and 7 is the average = (5+7)/2 = 6

% change in price in this case is (7-5)/6 * 100 = 100/3 = 33.33%

% change in quantity:

We first find the average = (12+4)/2 = 16/2 = 8

% change = (4-12)/8 * 100 = -100%

The elasticity of demand is thus -100/33.33 = 3

**Answer:**

0.0084

**Explanation:**

For this probability problem, we will have to make use of the normal probability distribution table.

to use the table, we will have to compute a certain value

z = (x- mean) /Standard deviation

z = = 2.39

Probability he has worked in the store for over 10 years can be obtained by taking the z value of 2.39 to the normal probability distribution table to read off the values.

<em>To do this, on the "z" column, we scan down the value 2.3. we then trace that row until we reach the value under the ".09" column. </em>

This gives us 0.99916

**Thus we have P (Z < 2.39) = 0.9916**

We subtract the value obtained from the table from 1 to get the probability required.

1 - 0.9916 = 0.0084

**The Probability that the employee has worked at the store for over 10 years = 0.0084**

Answer:

price and quantity variances.

Explanation:

In Financial accounting, costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.

Manufacturing costs can be defined as the overall costs associated with the acquisition of resources such as materials and the cost of converting these raw materials into finished goods. Manufacturing costs include direct labor costs, direct materials cost and manufacturing overhead costs.

Total direct materials variance gives the difference between the budgeted cost and actual cost of a unit of goods produced.

Generally, a total materials variance is analyzed in terms of price and quantity variances used by a manufacturer in the manufacturing of a particular product.