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2 years ago

Match the type of financial institution with the correct description of its activities

Business

1 answer:

TEA [102]2 years ago

6 0

Answer:

as I found, these are the options available to be matched.

Type of Financial Institution

Commercial Banks
Thrifts
Insurance companies
Mutual fund companies
Pension funds
Securities firms
Investment Banks

Description

JP Morgan Chase

savings and loan associations and credit unions that offer checking and savings accounts

offer policies where individuals pay a premium to insure against a loss of some kind

Fidelity, Vanguard

collect monthly payments from workers to buy stocks/funds with proceeds

Smith Barney, Charles Schwab

help corporations and governments raise money by selling stocks and bonds

Explanation:

Commercial Banks > JP Morgan Chase
Thrifts > savings and loan associations and credit unions that offer checking and savings accounts
Insurance companies > offer policies where individuals pay a premium to insure against a loss of some kind
Mutual fund companies > Fidelity, Vanguard
Pension funds > collect monthly payments from workers to buy stocks/funds with proceeds
Securities firms > Smith Barney, Charles Schwab
Investment Banks > help corporations and governments raise money by selling stocks and bonds

good luck!

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The correct answers would be option B and D, Provide hands on experience and connect students with experts.

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Highly Suspect Corp. has current liabilities of $401,000, a quick ratio of 1.50, inventory turnover of 3.70, and a current ratio

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Answer:

$3,115,770

Explanation:

Given:

Current ratio = 3.60

Current liabilities = $401, 000

Quick ratio = 1.50

Inventory turnover = 3.70

Current ratio is calculated by dividing your current assets by your current liabilities.

$Current\ ratio = \frac{Current\ Assets}{Current\ Liabilities}$

$3.60 = \frac{Current\ Assets}{401, 000}$

Current Assets = 3.60 × 401,000

= $1,443,600

$Quick\ ratio = \frac{(Current\ Assets\ -\ Inventory)}{Current Liabilities}$

$1.50 = \frac{1,443,600\ -\ Inventory}{401,000}$

1.50 × 401,000 = 1,443,600 - Inventory

601,500 = 1,443,600 - Inventory

Inventory = 1,443,600 - 601,500

= $842,100

$Inventory\ Turnover = \frac{Cost\ of\ Goods\ Sold}{Inventory}$

$3.70 = \frac{Cost\ of\ Goods\ Sold}{842,100}$

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2 years ago

Silven Industries, which manufactures and sells a highly successful line of summer lotions and insect repellents, has decided to

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Solution:

To determine:

1. The S will make the tubes or purchase them.

2. The organisation reasonable average buying price a package.

3. The S should manufacture or purchase the tubes if it is 140,000 tubes per year.

4. The turning point for shopping externally.

1. Declaration indicating cost-benefit analysis of options for making and purchasing:

Particulars Amount (in $) Cost of purchase per box

1.35 Less: savings in variable cost

Direct materials 0.90

Direct labour 0.20

Total savings 1.10

Excess of costs over savings (per box) 0.25

Here, excess expenses in foreign transactions have been found to be $0.25 per package. The client is therefore encouraged to make at home.

2. The highest price for the business S shouldn't be more than $1.10 per package for a client than the vendor's savings.

3. Claim showing the excess cost amount when purchased:

Particulars Amount (in $) Excess cost paid on purchase

30,000 Less: Expense on annual equipment rent

(b) 42,000 Excess expense on make 10,000

If 140,000 tubes are needed the organisation would buy them from outside as $10,000 would be saved.

4. Calculation for break-even point for outside purchase:

It is 180.000 boxes which are the break-even decision point. Thus if the annual demand is above 180,000, the organization will build the cylinders.

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2 years ago

Suppose you win the lottery and have two options: A. Take $1 million now. B. Take $1.2 million to be paid out as 300,000 now and

laila [671]

Answer:

A. Take $1 million now.

Explanation:

A. If we take $1 million now the present value of the money is $1 million.

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