Explanation:
The financial industry is easily one of the most competitive when it comes to finding a job. This is even true in regard to entry-level positions, as it’s almost entirely unheard of to jump into and build a successful career in the industry without starting near the bottom and working your way up. The desks of finance professionals around the world are littered with resumes of students and executive wannabes hoping for a break that they believe will set them on course to be young and rich “masters of Wall Street”. The highest paying jobs, and therefore the most competitive, in the financial industry – including four chief executive positions and investment professionals at hedge funds – are even harder to land.
We hope you enjoy this guide to the Five Highest Paying Jobs in the Financial Industry.
15 POINTS
Describe the steps of the check clearing process.
Answer:
hope help you stay happy
Toronto Corporation's financial statements include the following information: Cash $ 6,100 Net Credit Sales $315,000 Accounts receivable 52,000 Cost of Goods Sold 210,000 Merchandise inventory 92,800 Net Income $ 56,000 Prepaid Expenses 12,600 Total Current Assets $163,500 Total Current Liabilities $ 65,400 Total Stockholders' Equity $200,000 Assuming that 50,000 shares of common stock were outstanding, and the company had no preferred stock outstanding. What is the Earnings per Share (EPS) for Toronto Company: $6.30 $1.12 $4.00 $3.27
Answer:
nhfgbtrg
Explanation:
nhgnrf
Maxim manufactures a hamster food product called Green Health. Maxim currently has 10,000 bags of Green Health on hand. The variable production costs per bag are $1.80 and total fixed costs are $10,000. The hamster food can be sold as it is for $9.00 per bag or be processed further into Premium Green and Green Deluxe at an additional cost. The additional processing will yield 10,000 bags of Premium Green and 3,000 bags of Green Deluxe, which can be sold for $8 and $6 per bag, respectively. Assuming Maxim further processes Green Health further into Premium Green and Green Deluxe, revenue from the two products would be:
Answer:
$98,000
Explanation:
Calculation to determine the revenue from the two products would be:
Revenue if processed further:
Premium Green $80,000
(10,000 bags * $8 per bag) $80,000
Add Green Deluxe (3,000 bags * $6 per bag) $18,000
Total revenue if processed further $98,000
($80,000+$18,000)
Therefore the revenue from the two products would be:$98,000
A hotel manager has to select one of the following eligible candidates for the job position of front office manager. Which candidate is the manager most likely to choose?
A. Bertrice-employed at the hotel for six months, is a degree holder, and has good interpersonal skills
B. George-employed at the hotel for three years, has a high school diploma, and has a good personality
C. Juan-employed at the hotel for a year, is a degree holder, and is always optimistic
D Lara-employed at the hotel for four years, is a degree holder, and works well in a team
E. Maria-employed at the hotel for two years, has a gh school diploma, and has leadership skills
D
Lara has the most experience at the hotel, she works well with teams. she'd be best at leading
Sabrina is trying to decide between opening an account at a local commercial bank or at her college credit union. What TRUE statement about these two institutions will BEST influence her decision?
A.
Since commercial banks are for-profit, they can often keep their costs down, which translates into higher interest rates for savings and lower rates on loans.
B.
Since credit unions are for-profit, they can often keep their costs down, which translates into higher interest rates for savings and lower rates on loans.
C.
Since commercial banks are nonprofit, they can often keep their costs down, which translates into higher interest rates for savings and lower rates on loans.
D.
Since credit unions are nonprofit, they can often keep their costs down, which translates into higher interest rates for savings and lower rates on loans.
Answer:
D.
Since credit unions are nonprofit, they can often keep their costs down, which translates into higher interest rates for savings and lower rates on loans.
Explanation:
I just took the test and got it right
A commercial bank is a type of financial institution that accepts public deposits and grants borrowers loans for profit-making investments and consumption. Hence option C is correct .
What are commercial bank or college credit union ?To distinguish it from a retail bank and an investment bank, it can alsorefer to a bank, or a section of a big bank, that works with corporations or a large/middle-sized firm. Public and private sector banks are both considered commercial banks.
Commercial banks' primary responsibility is to offer financial services to individuals and businesses in order to promote social and economic stability and long-term economic growth.
They are nonprofit, member-owned cooperatives that offer discounts and other member perks in exchange for their profits. For college students, a credit unionoffer some of the lowest interest rates available for all types of loans and credit. Additionally, they provide free and affordable checking and savings accounts.
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Question Workspace Check My Work You have savings of $100. You plan to save another $100 at the beginning of each year for 5 years. The account pays annual interest of 8 percent, compounded quarterly. The ending balance (principal plus interest) will be $ at the end of 5 years
Answer:
Total sum due after 5 years = $2,626.9
Explanation:
The sum of 100 that is invested per period(quarterly)for certain number of period is referred is referred to as an annuity. The total sum that the investment would worth after if interest rate is compounded quarterly for the investment period is referred to as the future value of annuity.
The total sum due can be computed in two stages. The first is to determined how much the annuity investment would worth after 5 years. And the second is to determine how much the single sum of $100 would worth after 5 years.
This done as follows:
The future Value of annuity is computed using the formula below:
FV = A×( (1+r)^n - 1)/r)× (1+r)
A- periodic cash flow invested
r- interest rate per period
n- number of period
FV = future value
r= 8/4= 2%
n= 5×4= 20
FV= 100×(1.02^20 -1)/0.02)×(1.02)= 2478.3
Step 2 : The future value of the value of the Initial lump sum of $100 already existing
FV= A× (1+r)∧n
= 100×(1.02)^20 =148.59
The sum due after the end of the investment period =
2478.3 + 148.59=$2,626.9
Total sum due after 5 years = $2,626.9
A ___________ enables you to view data from a table based on a specific criteria
A. Query
B. Report
C. Form
D. All of the above
Answer:
Query
Explanation:
Flexible Budget for Various Levels of Production Budgeted amounts for the year: Materials 2 leather strips $7.00 Labor 1.5 hr. $18.00 VOH 1.5 hr. $1.20 FOH $6,800
Required: 1. Prepare a flexible budget for 3,500, 4,000, and 4,500 units. Flexible Budget Variable Cost per Unit 3,500 units 4,000 units 4,500 units
Direct materials
Direct labor
Variable overhead
Fixed overhead
Total $2.
Calculate the unit cost at 3,500, 4,000, and 4,500 units. (Note: Round unit costs to the nearest cent.)
Unit cost at 3,500
Unit cost at 4,000
Unit cost at 4,500
What happens to unit cost as the number of units produced increases?
Answer:
Results are below.
Explanation:
Giving the following information:
Materials 2 leather strips $7.00
Labor 1.5 hr. $18.00
VOH 1.5 hr. $1.20
FOH $6,800
First, we will determine the total cost at different production levels:
3,500:
Direct material= 3,500*7= 24,500
Direct labor= 18*3,500= 63,000
VOH= 3,500*1.2= 4,200
FOH= 6,800
Total cost= $98,500
4,000:
Direct material= 4,000*7= 28,000
Direct labor= 18*4,000= 72,000
VOH= 4,000*1.2= 4,800
FOH= 6,800
Total cost= $111,600
4,500:
Direct material= 4,500*7= 31,500
Direct labor= 18*4,500= 81,000
VOH= 4,500*1.2= 5,400
FOH= 6,800
Total cost= $124,700
Finally, the unitary cost:
3,500:
Unitary cost= 98,500 / 3,500= $28.14
4,000:
Unitary cost= 111,600 / 4,000= $27.9
4,500:
Unitary cost= 124,700 / 4,500= $27.71
The production costs are essentially variable. In unitary bases, they remain constant. The fixed costs vary with the level of production on a unitary basis. Therefore, the higher the units produced, the lower the fixed unitary cost.
what percent increase when 8 is made to 10
Answer:
25 percent
Where: 8 is the old value and 10 is the new value. In this case we have a positive change (increase) of 25 percent because the new value is greater than the old value.
Explanation:
i hope you understand
A percentage is a way to describe a part of a whole. The percentage increase when 8 is made to 10 is 25%.
What are Percentages?A percentage is a way to describe a part of a whole. such as the fraction ¼ can be described as 0.25 which is equal to 25%.
To convert a fraction to a percentage, convert the fraction to decimal form and then multiply by 100 with the '%' symbol.
Th percentage increase or decrease is calculated using the formula,
Percentage increase or decrease
= (Final value - Initial value)/ Initial value × 100%
If the result is negative than there is percentage decrease if the value is positive than there is percentage increase.
Given that the initial value was 8, while the final value was 10. Therefore, The percentage increase when 8 is made to 10 is,
Percentage = (10 - 8)/8 × 100%
= 2/8 × 100%
= 1/4 × 100%
= 0.25 × 100%
= 25%
Hence, The percentage increase when 8 is made to 10 is 25%.
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Basel lll mainly focuses on _.
Legal authorization by a brand owner to allow another company to "rent" its brand name for a fee is called
Answer:
The appropriate answer is "License agreement".
Explanation:
A written agreement only between various firms where a property owner allows perhaps another entity throughout accordance with a certain set of requirements called a license agreement.In so far as it has jurisdiction, the consequence including its license is to terminate or ease the ruling of conflict. It should be the presumption that perhaps the license should be a province of security.write at least three ways savings accounts differ from checking accounts.
Answer:
checking accounts are better for transaction such as paying pills purchases, atm withdraws while saving accounts are better for storing money and earning interest,
Explanation:
A special type of project team that focuses on the verse in designing a implement a new product is a
Answer:
Product development team.
Explanation:
Product development team is special type of team which is formulated for designing a product and implement a new product. The product development team is responsible for the research of the new product and then formulae design for the product and then implement the product.
what signs of maturity were shown towards the end of Tall Girl? Movie
Which of the following database object hold data?
A. Reports
B. Tables
C. Forms
D. All of the above
Answer:reports
Explanation:
Calculate the QBI deduction for Ned, who is filing single. His taxable income before any QBI deduction is $160,600. He is not engaged in an SSTB. His QBI is $60,000. He did not have any capital gains. He had $15,000 of qualified wages and $35,000 of qualifying property. $4,625.
Answer:
3445dfdffdcvfc vbgvc
Explanation:vvvvvvvvvvvvvvvvvcc ffffffffd
15 POINTS
Describe the steps of the check clearing process.
Under PPP (and by the Fisher Effect), all else equal Group of answer choices a rise in a country's expected inflation rate will eventually cause a less than proportional rise in the interest rate that deposits of its currency offer to accommodate the rise in expected inflation. a rise in a country's expected inflation rate will eventually cause an equal rise in the interest rate that deposits of its currency offer. a fall in a country's expected inflation rate will eventually cause an inversely proportional rise in the interest rate that deposits of its currency offer to accommodate the rise in expected inflation. a rise in a country's expected inflation rate will eventually cause a more-than proportional rise in the interest rate that deposits of its currency offer in order to accommodate for the higher inflation. a fall in a country's expected inflation rate will eventually cause an equal rise in the interest rate that deposits of its currency offer.
Answer:
a rise in a country's expected inflation rate will eventually cause an equal rise in the interest rate that deposits of its currency offer.
Explanation:
Inflation can be defined as the persistent general rise in the price of goods and services in an economy at a specific period of time.
Generally, inflation usually causes the value of money to fall and as a result, it imposes more cost on an economy.
When this persistent rise in the price of goods and services in an economy becomes rapid, excessive, unbearable and out of control over a period of time, it is generally referred to as hyperinflation
Under PPP i.e purchasing power parity (and by the Fisher Effect), all else equal a rise in a country's expected inflation rate will eventually cause an equal rise in the interest rate that deposits of its currency offer.
What’s the best answers
This is for money skills. Please help
Answer:
when you divide
Explanation:
Which of the following is a method to create a new table in Access?
A. Using Design view
B. Create Table Wizard
C. Directly entering data
D. All of the above
) Bob is a notary public employed by a local bank. The bank purchased Bob's supplies, paid for his bond, and had Bob sign an agreement limiting the notarial services he is able to provide within the bank. Bob's neighbor and good friend, Betty, is refinancing her mortgage. She calls Bob on Friday and asks if he would be available to notarize loan documents at her home on Saturday. Bob meets Betty at her house. He notarizes nine signatures, completes nine notarial certificates, and affixes his seal and signature to each. What is the most Bob can charge Betty for this service?
Answer:
imagine working I cant relate
Explanation:
Carolyn spends her income on popular magazines and music CDs. If the price of a CD is four times the price of a magazine and if Carolyn is maximizing her utility, she buys Group of answer choices four times as many CDs as magazines. four times as many magazines as CDs. both goods until the marginal utility of the last magazine purchased is four times the marginal utility of the last CD purchased. both goods until the marginal utility of the last CD purchased is four times the marginal utility of the last magazine purchased.
Answer:
both goods until the marginal utility of the last CD purchased is four times the marginal utility of the last magazine purchased.
Explanation:
The marginal utility of goods and services is the additional satisfaction that a consumer derives from consuming or buying an additional unit of a good or service.
In Economics, the law of diminishing marginal utility states that as the unit of a good or service consumed by an individual increases, the additional satisfaction he or she derives from consuming additional units would start decreasing or diminishing as the units of good or service consumed increases.
In this scenario, Carolyn spends her income on popular magazines and music CDs. If the price of a CD is four times the price of a magazine and if Carolyn is maximizing her utility, she buys both goods until the marginal utility of the last CD purchased is four times the marginal utility of the last magazine purchased.
Jared has earned 23% of the $52 he needs to buy a new jacket. Find 23% of $52. Which expression can you use to find 23% of 52? .. 23% of $52 is $.. An easy way to check your answer is to use the friendly and divide 52 by to get ..
52
Explanation:
52 .................
Answer:
23% of 52= 0.23*52=11.96
Explanation:
A corporation with common stock outstanding declares a nontaxable dividend payable in rights to subscribe to common stock on June 30 of the current year. Each right entitles the holder to purchase one share of stock for $90. One right is issued for every share of stock owned. Nexsen owns 100 shares of stock purchased ten years ago for $4,500. At the time of the distribution of the rights, the market value of the common stock is $135 per share, and the market value of the rights is $18 per right. Nexsen receives 100 rights. On September 30, he exercises 75 of the rights and sells the remaining 25 rights for $22 per right. If required, round your answers to two decimal places.
If Nexsen does not allocate his original stock basis to the rights, his basis of the new stock is $__________ . The holding period of the new stock begins on the date . The sale of the rights produces capital gain of $________
Answer:
Nexsen new stock basis is $82.67
The holding period of new stock begin on the date new stock was purchased.
The sale of rights produce capital gain of $550
Explanation:
Sale price of the right stock:
Purchase price of right stock is 75 stocks * $90 = $6,750
Less: Selling price of right stock is 25 stocks * $22 = $550
Total cost of right stock is $6,200
No of right stock purchased 75
Cost per stock is $6,200 / 75 = $82.67
Type your summary here. Use the Internet to find an article that presents a forecast of the economy's performance in the next three months to a year. Once you have found and read your article, record your summary using the following format in the box below and include the link. Be sure to include the URL links you used as resources in the space below.
Paragraph #1 - Summary of article including the link.
Paragraph #2 - How it relates to entrepreneurship.
Paragraph #3 - Your opinion of whether or not you agree with the prediction and the evidence provided to support the forecast.
The exercise is about summaries. It tests your ability to summarize an article.
What is a Summary?A summary refers to a concise statement or account or report of the key points of an event, story, or literature.
A summary is usually exclusive of details that are not necessary. It focuses on the key points.
The key points of a text are usually found in the introduction and the conclusions of the text. One must however ensure that they read through the entire text to get the true context of what is being summarized.
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Answer:
The article I read was "The World Bank slashes its forecast for global economic growth." by New York Times https://www.nytimes.com/2022/04/18/business/the-world-bank-slashes-its-forecast-for-global-economic-... . To summarize, the estimation made by The World Bank that the economy would grow at a rate of 4.1 percent was revised due to the conflict in Ukraine. The World Bank is now estimating the economy would grow 3.2 percent globally. The article then goes into the effect the conflict will have on consumers.
This topic relates to entrepreneurship because global economic growth benefits entrepreneurs because knowing the projected economic growth can allow business owners to better predict the growth they should expect to see. This is important when examining the statistics of a business because it gives a baseline of comparison to see if the business is successfully growing of if changes need to be made to ensure proper growth.
In my opinion I agree with the prediction, I can see the possible impact the conflict can have on the global growth of the economy. I believe the corrected projection of less than originally thought is appropriate considering the affect the conflict has had on consumers. The reduced stimulation of the economy caused by less consumer interaction will indeed decrease the rate at which the economy will grow.
Explanation:
n/a
Explain Jodi's self esteem throughout Tall Girl? Movie
Answer:
Poor
Explanation:
Jodi is very self-concious about her height. She thinks that it makes her different than other "normal" people among her peers, or even inferior to more feminine, smaller girls.
Answer:
Explanation:
'Tall Girl' Review: A Ridiculous Take on the Teenage Self-Love Narrative ... This week, we gave our group of interns a challenge: pick a movie from ... narrates Jodi (Ava Michelle) as she towers over a high school hallway in Tall Girl. ... Pain is relative, but Tall Girl treats Jodi's height as if it were the end-all,
FIFA Footballs acquired a patent in 2018 at a cost of $600 million and amortizes the patent on a straight-line basis. During 2021 management decided that the benefits from the patent would be received over a total period of 8 years rather than the 20-year legal life being used to amortize the cost. FIFA's 2021 financial statements should include: Multiple Choice A patent balance of $600.0 million. Patent amortization expense of $60.0 million. A patent balance of $408.0 million. Patent amortization expense of $30.0 million.
Answer: A patent balance of $408 million.
Explanation:
The following can be depicted from the question:
Patent Cost (2018) = $600 million
Less: Amortization for the first three years I.e 2018 - 2020. This will be:
= ($600/20) × 3 = $90 million
Balance as at 2020 = $600 - $90 = $510 million
The remaining patent life will be:
= 8 - 3 = 5 years
Then, Amortization in 2021 will be:
= $510 million / 5
= $102 million
Balance by 2021 will then be:
= $510 million - $102 million
= $408 million
In an effort to address the troubled economy, ..."For the ninth time in just over a year, the Federal Reserve is expected to cut interest rates, quite possibly its last reduction in this downturn." Rates have not been this low "... since 2003, when the economy was growing at a snail's pace." www.csmonitor, 10/28/2008 The Fed's rate cuts will ________ bank reserves and ________.
Answer:
decrease bank reserves; decrease the exchange rate and real GDP
Explanation:
The Federal reserve uses various monetary policies to regulate cash flow in the economy with a view of managing various indices like inflation, GDP, deflation, and so on.
Interest rate is one of the monetary policies that can be used to.vonttol the economy.
When interest rate is high cost of borrowing cash from commercial banks will be high so people are discouraged from borrowing. There is higher reserve in banks, and cash flow is restricted.
However in a situation where the economy is troubled the Federal Reserve will reduce interest rate.
This results in cheaper cost of borrowing funds, commercial bank reserves will reduce because of increased outward flow of cash.
As the cash in the economy is in excess the rate at which it exchanges for foreign currencies will fall.
This in turn results in more money being spent on foreign goods and will reduce real GDP
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What are stakeholders from Monopolistic competition, oligopoly, and monopoly?
Explanation:
Monopolistic competition
Monopolistic competition, many seller that differentiated products - products that differ slightly but sever similar purpose. By making consumer aware of product difference, seller exert some control over price.
Oligopoly
In an oligopoly, a few sellers supply sizable portion of products in the market. They exert some control over price, but because their products are similar, when one company lowers prices, the others follow .
Monopoly
In a monopoly, there is only one seller in the market. The market could be a geographical area, such as a city or a regional area, and does not necessarily have to be añ entire country. The single seller is able to control prices
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