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S&L are typically suitable for home loans than commercial banks because they have lower borrowing rates. their emergence was neccessitated by the exclusivity of commercial banks.
savings and loans is the way to go
Related Questions
Ultra Day Spa provided $94,850 of services during Year 1. All customers paid for the services with credit cards. Ultra submitted the credit card receipts to the credit card company immediately. The credit card company paid Ultra cash in the amount of face value less a 1 percent service charge. Required a. Show the credit card sales (Event 1) and the subsequent collection of accounts receivable (Event 2) in a horizontal statements model like the one shown next. In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). (Enter any decreases to account balances with a minus sign. Not all cells in the "Statement of Cash Flows" column may require an input - leave cells blank if there is no corresponding input needed.)
Stanley-Morgan Industries adopted a defined benefit pension plan on April 12, 2018. The provisions of the plan were not made retroactive to prior years. A local bank, engaged as trustee for the plan assets, expects plan assets to earn a 10% rate of return. The actual return was also 10% in 2018 and 2019\.\* A consulting firm, engaged as actuary, recommends 6% as the appropriate discount rate. The service cost is $150,000 for 2018 and $200,000 for 2019. Year-end funding is $160,000 for 2018 and $170,000 for 2019. No assumptions or estimates were revised during 2018.Calculate (a) project benefit obligation, (b) plan asset and (c) pension expenses as both December 31, 2018 and December 31, 2019.
The risk-free rate is 4.2%, and the expected return on the market is 10%. A publicly-traded bond promises to return 8%. The expected return on the bond investment is 5.5%. What is the bond's implied beta?a) 0.45b) 0.22c) 0.73d) 1.38
A relatively flat demand curve indicates that the demand for a product is very sensitive to a change in price.TrueFalse
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Answer:
= $120,500.00
Explanation:
Flexible budget is that which is that which recognizes the cost behavior and is used for control purpose. It is prepared based on the actual level of activity achieved.
Kindly note that the $59,000 depreciation is a fixed cost which do not vary with the hours of production.
The flexible budget for the department will be
Direct Labour budget = ( 51000/3400) × 4,100
= $61,500.00
Equipment depreciation= $59,000
Total flexible budget = $61,500.00 + $59,000
= $120,500.00
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Answer:
a) 8 dollars
b) 1,640,000
2.- It should be rejected as decreases operating income to 410,000 from 1,640,000
contribution margin: $14
operating income: $ 410,000
Explanation:
68 - 60 = 8
b)
units sold x $8 contribution less fixed cost
410,000 x 8 - 1,640,000 = 1,640,000
2 contribution margin:
68 - 54 = 14
410,000 x 14 - 5,330,000 = 410,000
B. a reduction of expenditures.
C.another financing source.
D. matured interest payments.
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Answer: C. Another Financing source
Explanation:
The fund was received for the purpose of debt service. Debt service means repayment of loans. The funds were utilized for debt servicing. Hence, the amount should be reported as another financing source.
The objective of the funds was to repay loans and the amount was received for repayment. This amount was used to finance their debt service. So it was a financing source for the company.
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Answer:
The correct answer is letter "B": lose their investment but nothing else.
Explanation:
C Corporations are entities where the owners' assets are separate from the corporation's liabilities. This implies in front corporate of losses, the investors will not be able to recover their investment but that is the only loss they would suffer. Profits of a C Corporation must be filed at corporate and personal levels creating double taxation.
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Answer:
Letter a is correct. Internal; external.
Explanation:
The current economic era translates into a globalized and competitive landscape that requires companies to be adaptable to the rapidly occurring changes in the world, which may be economic, consumer, trend, legislative and other changes.
Therefore it is a fact and need for the internal perspective to be valued more than the external one, as quality-focused management should consider organizational systems as responsible for ensuring the integrated technique that will directly influence the functioning of the organization. Therefore, it can be affirmed that management focused on ethical communication and action practices, in addition to the positive and continuous improvement-based organizational culture, will promote the integration of teams and the general motivation that, through internal quality, external quality is the result.
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a) The machine's book value at the end of year 3, using the straight-line method, is $130,000.
b) The machine's book value at the end of year 3, using the units-of-production method, is $94,000.
b) The machine's book value at the end of year 3, using the double-declining-balance method, is $50,000.
Data and Calculations:
Cost of machine = $400,000
Estimated residual value = $40,000
Depreciable amount = $360,000 ($400,000 - $40,000)
Estimated useful life = 4 years
1. Straight-line method:
Annual depreciation expense = $90,000 ($360,000/4)
Accumulated depreciation after three years = $270,000 ($90,000 x 3)
The book value after three years = $130,000 ($400,000 - $270,000)
2. Units-of-production depreciation:
Estimated useful life = 20,000 machine hours
Total hours that the machine ran in three years = 17,000 hours
Depreciation expense per machine hour = $18 ($360,000/20,00)
Accumulated depreciation = $306,000 ($18 x 17,000)
The book value after three years = $94,000 ($400,000 - $306,000)
3. Double-declining-balance depreciation:
Annual depreciation rate = 50% (100/4 x 2)
First-year depreciation expense = $200,000 ($400,000 x 50%)
Second-year depreciation expense = $100,000 ($200,000 x 50%)
Third-year depreciation expense = $50,000 ($100,000 x 50%)
Accumulated depreciation = $350,000
The book value after three years = $50,000 ($400,000 - $350,000)
Learn more about depreciation methods at brainly.com/question/25806993
Answer: $130,000
$205,600
$50,000
Explanation:
Depreciation expense using the straight line depreciation method = (Original cost of asset - Salvage value) / useful life
Depreciation expense = ( $400,000 - $40,000) / 4 = $90,000
Net book value for year 1 =$400,000 - $90,000 = $310,000
Net book value for year two = $310,000 - $90,000 = $220,000
Net book value for year 3 = $220,000 - $90,000 = $130,000
Deprecation expense using the unit of production method = [ (Original cost of asset - Salvage value) / total estimated productive capacity] × actual productive use of asset
($400,000 - $40,000) / 20,000 = $18
Depreciation expense for year 1 = $18 × 3000 =$54,000
Net book value for year 1 = $400,000 - $54,000 = $346,000
Depreciation expense for year 2 = $18 × 1800 = $32,400
Net book value for year two = $346,000 - $32,400 = $313,600
Depreciation expense for year 3 = $18 × 6000 = $108,000
Net book value for year three = $313,600 - $108,000 = $205,600
In the double declining method = 2 × (1/number of years ) =2 × (1÷4) = 0.5
Deprecation expense using the double declining method = 0.5 × net book value
Depreciation expense for year 1 = 0.5 × $400,000=$200,000
Net book value for year 1 = $400,000 -$200,000=$200,000
Depreciation expense for year two = $200,000 × 0.5 = $100,000
Net book value for year two = $200,000 - $100,000 = $100,000
Depreciation expense for year 3 = $100,000 × 0.5 =$50,000
Net book value for year three = $100,000 - $50,000 = $50,000