6. with a traditional bank, who is bearing the risk of the borrower defaulting?

The following information is available from the records of a manufacturing company that applies factory overhead based on direct

WITCHER [35]

Answer:

The manufactured overhead was under-estimated.

Explanation:

Giving the following information:

The actual manufacturing overhead costs incurred were $515,000.

Estimated Manufacturing overhead was $500,000.

Overhead allocation is the distribution of indirect costs to produced goods. When the administration has undervalued and under-funded the amount of money needed for non-production costs, they have under-allocated overhead.

Over applied manufacturing overhead:

Applied overhead>Actual overhead

Under applied manufacturing overhead:

Applied overhead<Actual overhead

In this exercise:

Actual manufacturing overhead - Estimated Manufacturing overhead= 515000- 500000= 15000

The manufactured overhead was under-estimated.

8 0

3 years ago

Suppose that you go to a bank at which you have no account, give the bank cash, and in return obtain a check drawn against that

igomit [66]

Answer:

Cashier's check.

Explanation:

These checks are said to be quaranteed and issued in the bank by the banking institute. It contains the name of the receiver receipiant which has been inscribed in the check by the banking institute or credit union attached to the receiver also with the amount of money written on it. This amount written on it is known to be the withdrawable amount.

The cashier's check can be sent out in form of a letter, fax or even a mail to the intended persons or organisation making the withdrawal.

Here, monies which are been orders are easily secured by use of a cashier’s checks.

3 0

3 years ago

Look in a recent issue of The Wall Street Journal at "NYSE-Composite Transactions."a. What is the latest price of IBM stock? b.

nydimaria [60]

Answer:

A) $191.08

B) The annual dividend = $0.85 per share

dividend yield = 1.78%

C) 3.14%

D) 13.74

E) $13.91

F) IBM's P/E at 13.74 is higher than Exxon Mobil P/E at 11.29

G) The possible reasons for the difference in P/E is due to the difference in EPS earned by each company and also the difference in stock price of each company's stock

Explanation:

Referring the the recent issue of the wall street Journal at NYSE-Composite Transactions

A) The Latest price of IBM stock = $191.08

B) What are the annual dividend payment and the dividend yield on IBM stock

The annual dividend = $0.85 per share

dividend yield = 1.78%

C) calculate what the yield will become if yearly dividend is moved up to $1.50

first we find the price per share

price per share = annual dividend per share / current dividend yield

= 0.85 / 1.78% = 0.85 / 0.0178 = $47.75

since we now have the price per share value we can now calculate the dividend yield

dividend yield = annual dividend / price per share

= $1.50 / $47.75 = 0.0314

= 3.14 %

D) Calculate the P/E on IBM stock

= 13.74 times as it was traded for the last 12 months

E) calculate IBM's earnings per share using P/E

earnings per share = Price / P/E

Latest price of IBM stock = $191.08

P/E = 13.74

earnings per share = 191.08 / 13.74 = $13.91

F) IBM's P/E at 13.74 is higher than Exxon Mobil P/E at 11.29

G) The possible reasons for the difference in P/E is due to the difference in EPS earned by each company and also the difference in stock price of each company's stock

7 0

3 years ago

For many years you have been using your local, small-town bank. One day you hear that the bank is about to be purchased by Bank

kari74 [83]

Answer:

If I was banking with my local town bank and it happens that Bank of Africa purchases it, there are cost and benefits associated with the merge. First, Bank of America is global, meaning that I will be able to access the Services such as ATM services at different points. Second, due to its area of coverage, the services are cheaper compared to the ones I got when it was in my local town. However, due to the monopoly of the bank, they might increase the charges making them more expensive than when the services in the local village. Additionally, it will be a challenge for average customers, such as farmers, to access big banks unless faithful people accompany them.

Explanation:

7 0

3 years ago

In the United States many farms are integrated into a large food-production industry. This is known as:

Zielflug [23.3K]

Agribusiness, i believe is your answer

hope this helps :)

8 0

3 years ago

Read 2 more answers