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amm1812
2 years ago
14

Elyon holds a savings account in the Rochester City Bank in the United States. During an economic downturn, the bank suffers gre

at losses. Elyon, however, is insured under the Federal Deposit Insurance Corporation and his savings are protected as the insurance covers his deposit value. Which of the following laws ensured the protection of depositors from a bank's failure?
A. The Sarbanes-Oxley Act
B. The Glass-Steagall Act
C. The Gramm-Bliley-Leach Act
D. The Securities Act
Business
2 answers:
melisa1 [442]2 years ago
7 0

Answer:

Option B The Glass-Steagall Act

Explanation:

According to the Glass-Steagall Act, the commercial banking was separated from the investment banking. This was made to provide the investor investment security by creation of the Federal Deposit Insurance Corporation.

So here Elyon will be entertained with the imbursement of the amount at the deposit value which the insurance will safeguard the depositor's value due to bank failure.

LUCKY_DIMON [66]2 years ago
5 0

Answer:

B) The Glass-Steagall Act

Explanation:

The Glass-Steagall Act was passed in 1933 and its main purpose was to divide banking activities into investment banks and commercial banks. Banks had to be either one of them, but they couldn't offer both services. It was finally repealed in 1999 by the Financial Services Modernization Act of 1999 which currently allows banks to provide both commercial and investment services.

The Glass-Steagall Act was extremely controversial at its time and it barely passed because Senator Carter Glass didn't have enough support for his law until Representative Henry Bascom Steagall joined him after the law included the creation of the Federal Deposit Insurance Corporation. The FDIC was created in 1933 just after the law was approved and since then it insures depositors from bank failures.

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Pear Corporation is considering Alternative A and Alternative B. Costs associated with the alternatives are listed below: Altern
Serga [27]

Answer:

Yes

Explanation:

The analysis will need to compare all categories of cost.

It will calculate the difference in cost for each category and then add them for the total difference. That way, the company know which alternative is better.

                     AlternativeA Alernative B Diffence

Direc Materials         40                    56 -16

Processing Cost          37                    37 0

Equipment Rental           13                     13 0

Occupancy Cost           15                     22 -7

                                105                   128 -23

6 0
2 years ago
Feinstein, Inc., an appliance manufacturer, is developing a new line of ovens that uses controlled-laser technology. The researc
MariettaO [177]

The research and testing costs associated with the new ovens is said to arise from a product-sustaining activity.

Explanation:

Product-sustaining activities are carried out where appropriate to facilitate the production of each product type. Types of design-sustaining practices include product requirements, technical improvements and special testing procedures.

Such costs may be assigned to each commodity but are not proportional to the number of manufactured units or quantities. Organisation-sustaining operations support the overall production cycle of an organisation.

The ventilation and maintenance of the building, the protection of the facility and the administration are examples of safe facilities.

Products are allocated the costs for the operations at a unit level, batch level and component level depending on the consumption of each commodity. Goods are distributed randomly or viewed as time expense for purpose of facility-sustaining operations.

6 0
2 years ago
Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 9,500 C
romanna [79]

Answer:

The return on equity for 2017 is 21.46 %

Explanation:

Return on equity measures the return earned on the owners investment in the company.

<em>Return on equity = Net Income for the year / Total Shareholders Funds × 100</em>

                            = $822 / ( $2,980 + $850) × 100

                            = 21.4621 or 21.46 %

Note : That Retained earning is part of Owners Investment.

Conclusion :

The return on equity for 2017 is 21.46 %

6 0
2 years ago
Management anticipates fixed costs of $74,300 and variable costs equal to 34% of sales. What will pretax income equal if sales a
Temka [501]

Answer:

pretax income is $152080

Explanation:

given data

fixed costs = $74300

variable costs = 34%

sales = $343000

to find out

pretax income

solution

we know that pretax income formula is

pretax income = sales - variable costs -  fixed costs

put all these value

pretax income = 343000 - 34% of 343000 -  74300

pretax income = 343000 - 116620 -  74300

pretax income = 152080

so pretax income is $152080

5 0
2 years ago
Both the Onus ferry operator in the monopoly market and each of the Yuri ferry operators in the perfectly competitive market wil
defon

Answer:

The overview of the given statement is described in the explanation segment below.

Explanation:

<u>Monopoly Market: </u>

  • The demand curve or market price towards the firm was indeed sloping downhill. MR is also below P and AR.
  • Therefore, when earnings are maximized, whereby MR = MC has been used. Price is therefore above MR (Marginal Revenue).

<u>Perfectly Competitive Market: </u>

  • The  price shall be calculated whenever market forces are equivalent.
  • The firm seems to be the fixed price and therefore the individual company market price becomes horizontal.

Thus,

⇒  AR=P =MR

Hence,

⇒  P = MR

6 0
2 years ago
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