Glass-Steagall Act played a crucial role in segregating commercial banking from investment banking to reduce risk and protect depositors' funds. While it did not promote universal banking, it served as a cornerstone for regulation in US banking system. Correct answer is option A.
Under the Glass-Steagall Act, commercial banks were restricted from engaging in investment banking activities, thereby separating banking services such as accepting deposits and providing loans from more speculative investment services like trading stocks and bonds. This separation aimed to minimize the risk of bank failures, protect depositors' funds, and promote financial stability.
The Act did not promote universal banking, as it instead sought to establish a clear distinction between commercial and investment banking services. Furthermore, the Glass-Steagall Act did not impose inter-state bank branching, as it primarily focused on the separation of banking functions rather than the expansion of banks across state lines.
Additionally, the Act did not directly promote ATM machines, as its primary objective was to safeguard the financial system by separating banking services. The invention and widespread adoption of ATM machines came decades later as a result of technological advancements and the evolving needs of customers. Correct answer is option A
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when a party to a contract voluntarily relinquishes any right he has under a contract, including the right to receive return performance, it is called a(n) multiple choice discharge. accord. impracticability. waiver.
It is referred to as a(n) waiver when a party to a contract willingly renounces all rights he has thereunder, including the ability to demand back performance.
Is it typically used if a party fails to fulfill if a party knowingly waives their right to enforce the contract?When a party knowingly renounces their ability to have the contract enforced, it is known as waiving. Usually, a waiver is used when one side doesn't fulfill their obligations.
Which one of the following is the reward for fulfilling a contractual obligation?It is the reward one will receive after fulfilling a contractual duty. Anything can be considered as long as it results from a mutually agreed-upon trade. the harm that was promised in return for the pledge.
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Assume that a customer shops at a local grocery store spending an average of $350 a week, resulting in a retailer profit of $35 each week from this customer. Assuming the shopper visits the store all 52 weeks of the year, calculate the customer lifetime value if this shopper remains loyal over a 10-year life span. Also assume a 9 percent annual interest rate and no initial cost to acquire the customer. The customer yields $_per year in profits for this retailer. (Round to the nearest dollar.)The customer lifetime value is $_______
The customer lifetime value is $11,680.76
What is customer value?The amount that a service or a product is valuable to a consumer is the best way to describe customer value. It is an estimate of all the expenses and advantages related to a good or service. Price, reliability, and what the good or service can achieve for that specific person are a few examples.Consumers seek goods and services with characteristics that result in the greatest value and satisfaction given their needs and economic ability. The four different categories of value are: financial value, social value, cognitive value, and functional value.Total Customer Benefit - Customers Costs = Customer Value, or B - C = CV, is the formula for calculating customer value.Operational, sociological, psychological, logical, and conditional value are the five basic categories of consumer value.To learn more about customer refers to:
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Receiving an email that says you have changed your bank account password when you have not is:
A. likely a warning sign of fraud, but the email should be opened to be certain.
B. not likely a warning sign of fraud, but the email should be deleted regardless.
C. not likely a warning sign of fraud, and the email should be opened.
D. likely a warning sign of fraud, and you should contact your bank.
Answer:
D. likely a warning sign of fraud, and you should contact your bank.
Explanation:
If you have not changed your bank account's password, and you are the only one you know with access to the account, you should suspect either that your account has been compromised or that you are being scammed. Call the official number of your bank to find out (not the one on the email.)
Answer:
. likely a warning sign of fraud, and you should contact your bank.
Explanation:
during a year, a company purchased plant assets for $500,000 and sold for $300,000 plant assets costing $450,000 that had a book value of $275,000. the income statement includes a gain on the sale of $25,000. what information is presented in the investing activities section of the statement of cash flows?
The answer to the question is that the investing activities section of the statement of cash flows would include the cash inflows and outflows related to the purchase and sale of the company's plant assets.
The investing activities section of the statement of cash flows would show a cash outflow of $500,000 for the purchase of plant assets and a cash inflow of $300,000 from the sale of plant assets. Additionally, the sale of plant assets costing $450,000 with a book value of $275,000 would result in a gain of $25,000, which would be added back to the net income in the operating activities section of the statement of cash flows to arrive at the cash flows from operating activities. Therefore, the net cash outflow from investing activities would be $200,000 ($500,000 - $300,000) and the gain on the sale of plant assets would be reflected in the operating activities section of the statement of cash flows.
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Expliquen la siguiente frase:
El mero crecimiento económico no es suficiente para terminar con la pobreza y preservar el medio ambiente
Answer:
Efectivamente, el mero crecimiento económico no es suficiente para terminar con la pobreza y preservar el medio ambiente, sino que dicho crecimiento debe ir acompañado de un desarrollo estructural que contemple el acceso igualitario a los distintos servicios por parte de la sociedad, así como también el establecimiento de controles sanitarios y medioambientales que preserven el bienestar de los individuos en el marco del desarrollo de las actividades económicas.
The amount of goods to be acquired from suppliers during the period is shown on the _______ budget.
The amount of goods to be acquired from suppliers during the period is shown on the merchandise or purchase budget.
What is the purchases budget?The purchases budget shows the quantity and amount of goods that a merchandiser needs to order from suppliers for the budget period.
Preparing the purchases budget helps to estimate demand and order points.
A company also uses the purchases budget to prepare for increases or changes in product lines or the launching of new products.
Thus, the amount of goods to be acquired from suppliers during the period is shown on the merchandise or purchase budget.
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Which characteristic of the U.S. free enterprise system creates the incentive to work, save,
and invest?
A. Social Security system
B. Voluntary exchanges
C. Private property ownership
D. Consumer sovereignty
Answer:
option c
C. Private property ownership
Why is Netflix's stocks going down?
Answer:
Netflix stock was falling sharply Wednesday after the streaming giant posted disappointing first-quarter earnings, prompting a flurry of price target cuts and critique from analysts.
Explanation:
Hope this helpes.
When you first start planning special event, what do you need to figure out?
A. The number of flyers to print
B. The goal of the event
C. The number of employees who will help plan the event
D. The list of attendees for the event
Answer:
B. The goal of the event
Explanation:
Without knowing what you hope to accomplish you can't plan anything else
Answer:
D.
Explanation:
so that you know how much of everything you are going to need
_____________is a process that moves people from recruiting and selection through the organization to meet the employer's need for talent.HR planningTraining and developmentTalent management
Talent management is a process that moves people from recruiting and selection through the organization to meet the employer's need for talent.
It involves various activities such as identifying key positions, developing career paths for employees, assessing employee performance, providing feedback and coaching, and creating succession plans for critical positions. Talent management aims to attract, retain, develop, and engage employees to ensure that the organization has the talent it needs to achieve its goals.
Talent management is a process that involves attracting, identifying, developing, retaining, and promoting the right employees to meet an organization's current and future needs. It begins with recruiting and selecting the most qualified candidates and continues with developing their skills, providing opportunities for growth and advancement, and ensuring that they are engaged and motivated to contribute to the organization's success.
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NEED HELP!!
Taxes are payments to the blank the are required by law. You need to file a tax return each blank.
Answer:
year
Explanation:
Answer:
Government and year I believe
how much money does a therapyst make an hour/ and how much would they make in a year
Answer:
Explanation:they make 1,000 dollars per hour. I don’t know how much in a year.
Post-Assessment
Question 2 of 5
Why is buying a car considered "bad debt"?
It decreases in value over time
It increases your net worth as it build equity
It gives you transportation to and from your job
It is worth more than any other investment
Submit
Continue
E
The reason why buying a car considered "bad debt"is that It decreases in value over time. option A
What is bad debt?The term bad debt can be described as the amount of money that a creditor must write off as a result of a default on the part of the debtor in a case whereby the creditor has a bad debt on the books, then things turn to uncollectible and is recorded as a charge-off.
It should be noted that a case can be regarded as bad debt because the value of the asset you receive from the loan depreciates quickly however in some cases interest charges increase how the amount that is been paid for the vehicle. and in thius case cost is higher compare to what it would be if you'd purchased the car outright with cash.
Hence, option A is correct.
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1. What PECs must she possess if there are customer who complain about the quality of her product???
a.patience
b. hardworking
c. versatile
d. all of the above
2.which of the following is not considered as a characteristics of an entrepreneur??
a.copes with failure
b. dependent
c.persistent
d. opportunity seeker
3.If she wants to ensure a profitable business operation, what characteristics will she maintain??
a.commitment
b.goal oriented
c.futuristic or future oriented
d. opportunity seeker
4.Mrs. Magno follows the advice of a friend to be flexible especially if she intends to open a retail business.
What PECs has been demonstrated by mrs. magno??
a.self confidence
b. reliable and has integrity
c.responsive to feedback
d. persistent
5.She tells mary , her best friend that she has a strong will and does not give up to find a solution to a business problem.
What PECs has been demonstrated by Mrs.Magno
a. hard work
b. persistence
c. self confidence
d. risk taking
Please I need help
Answer:
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An adjusting entry to record an accrued expense involves a debit to a(an):____.
a. expense account and a credit to Cash.
b. expense account and a credit to a prepaid account.
c. liability account and a credit to an expense account.
d. expense account and a credit to a liability account.
An adjusting entry to record an accrued expense involves a debit to a(an): c . liability account and a credit to an expense account.
What is accrued expense?Accrued expense can be defined as the expense amount that has not been paid for which is why accrued expense is refer to as a liability under account payable.
The appropriate adjusting journal entry to record accrued expense is:
Debit Liability account
Credit Expense
(To record accrued expense)
Inconclusion an adjusting entry to record an accrued expense involves a debit to a(an): c . liability account and a credit to an expense account.
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PLZ HELP EXTRA POINTS!!!
Without freedom of expression ____.
A. Congress would have too much power
B. democracy could not exist
C. all kinds of unpopular ideas would become popular
D. the result would be a utopia
Answer:
A. Congress would have too much power
Explanation: I hope this helps :)
Calculate the conversion costs from the following information: Fixed manufacturing overhead Variable manufacturing overhead Direct materials Direct labor $2.200 1,200 2.700 1,700 $5,100 O $4,400 O $5,600 O $3,400 2020
To calculate the conversion costs, we need to consider the direct labor and the variable manufacturing overhead.
Conversion Costs = Direct Labor + Variable Manufacturing Overhead
Given information:
Direct Labor = $1,700
Variable Manufacturing Overhead = $1,200
Conversion Costs = $1,700 + $1,200 = $2,900
Therefore, the conversion costs from the given information amount to $2,900.
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Can someone show me this solution in Excel and the answer to the question?
An investor can make an investment in a real estate development and receive an expected cash
return of $45,000 after six years. Based on a careful study of other investment alternatives, she
believes that an 18 percent annual return compounded quarterly is a reasonable return to earn on
this investment. How much should she pay for it today?
The investor should pay $22,739.09 for the real estate investment today. Real estate investing uses real estate properties as an investment vehicle and gains profit through a variety of methods. It can be as simple as owning real estate, collecting cash flow in rental income, and selling the asset for a higher price due to appreciation.
To calculate the present value of the real estate investment, the present value formula should be used. The formula is as follows:-
PV = FV / (1 + r)nt Where,PV is the present value FV is the future value r is the interest rate nt is the number of periods. In this question, the future value (FV) is $45,000.
The annual return is 18 percent, compounded quarterly, which is the interest rate (r). The investment is for six years, which is the number of periods (n). The equation should be calculated using quarterly periods, which is why the interest rate is divided by 4.
Therefore, the interest rate is 0.18 / 4 = 0.045.PV = 45000 / (1 + 0.045)^(6*4)PV = 45000 / 1.978PV = $22,739.09
Therefore, the investor should pay $22,739.09 for the real estate investment today.
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FOR THE BOOK, THE GOAL CHAPTERS 16-28 This book touches on a number of operational topics: productivity, efficiency, metrics or key performance indicators (KPIs), balanced plant/balanced production, matching supply and demand, set-up costs, inventory carrying costs, economic order quantities (EOQ), economic batch sizes (EOB), independent and dependent demand, statistical fluctuations, process control and statistical process control (SPC), sequencing operations, standard time vs. actual time, queuing, and most thoroughly the theory of constraints. Answer the following questions related to Chapters 16−28 (once you post an initial response your colleagues' responses will be visible to you): 1. This particular section really hits home on the issue of work / life balance. It is not often discussed as part of operations topics, but is a vital part of productivity. Pressures from work and home/life can be stressful and overwhelming but when you're hit with both at the same time and it can paralyze your effectiveness on either front. Reflect on how you manage to balance these stressors. Have you ever had a situation where you were confronted with high stress levels on both fronts? How did you cope?
The chapter topics in the book "The Goal" includes productivity, efficiency, metrics or key performance indicators (KPIs), balanced plant/balanced production, matching supply and demand, set-up costs, inventory carrying costs.
economic order quantities (EOQ), economic batch sizes (EOB), independent and dependent demand, statistical fluctuations, process control and statistical process control (SPC), sequencing operations, standard time vs. actual time, queuing, and most thoroughly the theory of constraints.In the given book "The Goal", Chapter 16 to 28 deals with several operational topics such as productivity.
They also touch on various concepts such as queuing, balanced production, set-up costs, economic order quantities (EOQ), economic batch sizes (EOB), standard time vs actual time, and more. It also stresses the importance of the theory of constraints.However, it is suggested that you check the details of the book, read and understand the chapters yourself so that you can easily respond to the given question.
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How did Adam Smith's economic beliefs lead to the development of a new economic system?
Adam Smith was a Scottish economist and philosopher whose ideas on economics had a profound impact on the development of the capitalist system.
Smith believed that free markets, competition, and the division of labor were essential to economic growth and prosperity. In his influential book "The Wealth of Nations," he argued that the government should have a limited role in the economy, and that individuals pursuing their self-interest in a competitive market would lead to the most efficient allocation of resources.
Smith's ideas laid the foundation for the development of a new economic system, known as capitalism, which emphasizes private ownership of the means of production, free markets, and entrepreneurship. Capitalist system has been credited with driving innovation, raising living standards, and promoting economic growth, but has also been criticized for its negative impact on the environment, income inequality, and social justice.
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If you deposit $8000 in an account each year for 6 years at the rate of interest 7%, how much do you have immediately after the last deposit? How much do you have 4 years after the last deposit? (b) Ronald invests money in a project which triples his money in 20 years. Assuming annual compounding of interest, what is the rate of interest? What if you assume continuous compounding?
(a)4 years after the last deposit, you would have approximately $35,043.56 in the account.
(b)The rate of interest is approximately 7.23% when assuming annual compounding.
(a) If you deposit $8000 in an account each year for 6 years at an interest rate of 7%, the amount you have immediately after the last deposit can be calculated using the formula for future value of an annuity. The future value is given by:FV = P * ((1 + r)^n - 1) / r
Where: FV = Future value P = Annual deposit amount ($8000) r = Interest rate per period (7% or 0.07) n = Number of periods (6 years)
Plugging in the values, we have:FV = 8000 * ((1 + 0.07)^6 - 1) / 0.07 ≈ $58,485.22
So, immediately after the last deposit, you would have approximately $58,485.22 in the account.
To calculate how much you have 4 years after the last deposit, you can use the future value formula again, but this time with n = 4:FV = 8000 * ((1 + 0.07)^4 - 1) / 0.07 ≈ $35,043.56
Therefore, 4 years after the last deposit, you would have approximately $35,043.56 in the account.
(b) If Ronald's money triples in 20 years, we can find the rate of interest using the compound interest formula:A = P * (1 + r)^n
Where: A = Future value (triple the initial amount, so 3P) P = Initial amount r = Interest rate per period n = Number of periods (20 years)
We can rewrite the formula as:3P = P * (1 + r)^20
Dividing both sides by P:3 = (1 + r)^20
To find the rate of interest, we need to solve for (1 + r)^20:(1 + r)^20 = 3
Taking the 20th root of both sides:1 + r ≈ 3^(1/20) ≈ 1.0723
Subtracting 1 from both sides:r ≈ 1.0723 - 1 ≈ 0.0723
Therefore, the rate of interest is approximately 7.23% when assuming annual compounding.
If we assume continuous compounding, we can use the formula:A = P * e^(rt).Where e is the mathematical constant approximately equal to 2.71828.
Since the money triples, we have:3P = P * e^(rt)
Dividing both sides by P:3 = e^(rt)
Taking the natural logarithm of both sides:ln(3) = rt
Dividing both sides by 20:r ≈ ln(3) / 20 ≈ 0.047
Therefore, the rate of interest is approximately 4.7% when assuming continuous compounding.
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In a bank reconciliation, an outstanding check is ______.
Answer:
In a bank reconciliation, an outstanding check is ______. Deducted from the bank balance.
what is the law of demand and supply
Answer:The law of supply and demand is a theory that explains the interaction between the sellers of a resource and the buyers for that resource. The theory defines what effect the relationship between the availability of a particular product and the desire (or demand) for that product has on its price.
Explanation:
Clare sells gourmet boxes of chocolates. One box of chocolates costs Nancy $6.75 to produce. She sells her boxes of chocolate for $10.00.
What is Clare's
return on investment (ROI)?
A.46%
B.45%
C.48%
D.47%
Based on the information given s Clare's return on investment (ROI) is: C.48%.
Return on investment (ROI)Using this formula
Return on investment (ROI)=Selling price-Cost of production/Selling price ×100
Where:
Selling price=$10
Cost of production=$6.75
Let plug in the formula
Return on investment (ROI)=10-6.75/6.75
Return on investment (ROI)=3.25/6.75×100
Return on investment (ROI)=48%
Inconclusion Clare's return on investment (ROI) is: C.48%.
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Answer:
48%
Explanation:
I took the quiz
What are the functions of money in a modern economy? (check all that apply.) a. unit of account. b. medium of exchange. c. store of value. d. store of gold or silver.
Functions of money in a modern economy include,
B. Store of value.C. Unit of account.D. Medium of exchange.What are the functions of money?Our basic requirements can be satisfied through the purchase of food, shelter, and healthcare thanks to money. It is imperative that we meet these requirements; else, both our individual wellbeing and the wellbeing of the community as a whole suffer tremendously. The primary purpose of money is to serve as a medium of exchange for transactions. Without money, all transactions would have to be made through direct exchange of one commodity or service for another, or barter.
1. An Exchange Medium:
The return to barter is the only alternative to utilizing money. But today, the barter system would be utterly unworkable as a means of exchange.
2. A Method of Determining Value:
It is quite challenging to determine a good's value in a barter system. For instance, a horse might be worth 100 quintals of wheat or five cows, while a Maruti vehicle would be worth ten two-wheelers. Any good or service has a range of exchange values, which is one drawback of the barter system.
3. Loans are made possible by financial resources.
When it is most needed, borrowers can utilise their money to buy the goods and services they want. For instance, a newlywed couple would require a sizable sum of money to furnish their home all at once. They don't have to wait, say, ten years, to be able to accumulate enough cash to purchase pricey products like cars, refrigerators, televisions, etc.
4.A Unit of Account:
An attribute of money is that it is used as a unit of account. The implication is that financial transactions and the worth of the products and services produced in a nation over time are both measured and recorded in terms of money. The term "gross national product" refers to the monetary worth of the goods and services generated in an economy during a certain accounting year. J. R. Hicks claims that by being assessed in terms of money, a collection of products and services is reduced to a common base and is known as the gross national product.
Hence, Functions of money in a modern economy include,
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What is the best way to avoid gossip in the workplace?
Keep communication professional
Avoid joining cliques
Avoid joining teams
Only use positive verbal communication
Answer:
A the others seem incorrect
Answer:
the best way is to be nice and only use positive verbal communication so everyone likes eachother
Question 45
_______ are especially useful for relationship marketing.
o Apps
o Podcasts
o Social networking sites
o Media networks
o Wikis
Answer:social networking sites
Explanation:
The main types of markets are called _____.
residential
consumer
industrial
customer
darlene runs a fruit and vegetable stand in a medium-sized community where there are many such stands. her weekly total revenue equals $2,000. her weekly total cost of running the stand equals $3,500, consisting of $2,500 of total fixed costs and $1,000 of total variable costs. an economist would likely advise darlene to: group of answer choices
To answer your question about Darlene running a fruit and vegetable stand with a weekly total revenue of $2,000 and a weekly total cost of $3,500, consisting of $2,500 of total fixed costs and $1,000 of total variable costs, I will provide a step-by-step explanation.
1. First, let's understand the key terms:
- Total revenue: The total amount of money Darlene earns from her fruit and vegetable stand every week.
- Total cost: The total amount of money Darlene spends to run her fruit and vegetable stand every week.
- Fixed costs: The costs that don't change with the level of production, such as rent or insurance.
- Variable costs: The costs that vary depending on the level of production, such as the cost of fruits and vegetables.
2. Now, let's calculate Darlene's weekly profit or loss:
Weekly profit/loss = Weekly total revenue - Weekly total cost
= $2,000 - $3,500
= -$1,500
3. Analyze the situation: Since Darlene's weekly profit is -$1,500, she is operating at a loss.
4. Consider the advice an economist would give: Since the loss primarily comes from fixed costs, which cannot be reduced in the short run, an economist would likely advise Darlene to continue operating her stand in the short term, provided that her total revenue exceeds her variable costs ($2,000 > $1,000). In the long run, she should analyze the market and determine if her business can become profitable by adjusting prices, lowering costs, or finding ways to increase revenue. If the losses continue, she may need to consider closing her stand or finding alternative ways to utilize the resources.
So, an economist would likely advise Darlene to continue operating in the short term but reassess her business model and profitability in the long run.
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Explain what it means to have a diverse investment strategy. Give examples
Answer:
A diverse investment strategy refers to spreading investment across different asset classes, industries, and geographies to reduce overall risk and increase potential returns. By diversifying investments, an investor aims to limit the negative impact of any one specific investment that may perform poorly, while also providing opportunities for growth through a variety of investments.
Examples of diversification within an investment portfolio can include:
Asset class diversification: investing in a mix of stocks, bonds, real estate, commodities, and other assets
Sector diversification: spreading investments across industries such as technology, healthcare, finance, and consumer goods
Geographical diversification: investing in companies and industries from different countries or regions
Style diversification: investing in both value and growth stocks, or in both large and small companies
It's important to note that diversification does not guarantee a profit or protect against loss, but it can help manage investment risk.
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