Business, 26.11.2019 17:31 leonardkaren41ovlx1q
The chapter discusses three main functions of a banking system classify each of the following by the function it best represents. a. aaron can get cash out of the atm at any time of day or night. diversify risk. intermediate between savers and borrowers. provide liquidity, b. instead of lending all her savings out to one borrower, barbara? s bank makes the money in her savings account available to a variety of firms, with different characteristics and risk profiles, wishing to invest. c provide liquidity. intermediate between savers and borrowers. diversify risk. c. when charlies car suddenly breaks down, he can quickly withdraw funds from his savings account to pay the mechanic and rent a car. provide liquidity. diversify risk. intermediate between savers and borrowers. d. donna can get start-up funds for her new hair salon from a bank, instead of having to find people in her neighborhood willing to lend their extra money. diversify risk. intermediate between savers and borrowers. provide liquidity.
Answers: 2
Another question on Business
Business, 22.06.2019 13:10
The textbook defines ethics as “the principles of conduct governing an individual or a group,” and specifically as the standards one uses to decide what their conduct should be. to what extent do you believe that what happened at bp (british petrolium) is as much a breakdown in the company’s ethical systems as it is in its safety systems, and how would you defend your conclusion?
Answers: 2
Business, 22.06.2019 15:30
On january 15, the end of the first biweekly pay period of the year, north company’s payroll register showed that its employees earned $32,000 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. no employee earned > $7,000 in this first period. prepare the journal entry to record north company’s january 15 (employee) payroll expenses and liabilities.
Answers: 3
Business, 22.06.2019 20:20
Garcia industries has sales of $200,000 and accounts receivable of $18,500, and it gives its customers 25 days to pay. the industry average dso is 27 days, based on a 365-day year. if the company changes its credit and collection policy sufficiently to cause its dso to fall to the industry average, and if it earns 8.0% on any cash freed-up by this change, how would that affect its net income, assuming other things are held constant? a. $241.45b. $254.16c. $267.54d. $281.62e. $296.44
Answers: 2
Business, 22.06.2019 20:20
Levine inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. direct materials (9 pounds at $1.80 per pound) $16.20 direct labor (6 hours at $14.00 per hour) $84.00 during the month of april, the company manufactures 270 units and incurs the following actual costs. direct materials purchased and used (2,500 pounds) $5,000 direct labor (1,660 hours) $22,908 compute the total, price, and quantity variances for materials and labor.
Answers: 2
You know the right answer?
The chapter discusses three main functions of a banking system classify each of the following by the...
Questions
Chemistry, 07.05.2021 18:40
History, 07.05.2021 18:40
English, 07.05.2021 18:40
Mathematics, 07.05.2021 18:40
Mathematics, 07.05.2021 18:40
Mathematics, 07.05.2021 18:40
