Explain financial institutions commercial banks
Briefly describe each of the following financial institutions: commercial banks, investment banks, mutual funds, hedge funds, and private equity companies.
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Wright Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $246,651, $314,362, and $417,257, respectively, for September, October, and November.
Baker Brothers has a DSO of 40 days. The company's average daily sales are $20,000. What is the level of its accounts receivable? Assume there are 365 days in a year.
The company's assets are financed with some combination of long-term debt and common equity. What is the company's debt ratio?
Depreciation for the current year needs to be calculated. Derk's Co. uses the Straight-line method, the store equipment has a useful life of 10 years with no salvage value.
Paramount Trading Co. sells watches to retailers with the right of return. Based on past experience Paramount estimates 20% returns of the annual sales. The Sales and returns data of Paramount for the year 2013 is given here.
Briefly describe the current international monetary system. What are the different types of exchange rate systems?
Salter Mining Company purchased the Northern Tier Mine for $58,000,000 cash. The mine was estimated to contain 1,120,000 tons of ore and to have a residual value of $8,000,000.
Compare the potential for agency problems in sole proprietorships, partnerships, and corporations. In light of your analysis, why is the corporate form of organization so popular?
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Problem 1: Identify a specific theory of cognitive or moral development, and summarize the major assumptions.
The purpose is to examine the psychological factors affecting how teenagers in an impoverished urban area spend their time outside of school using:
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Working in the yard, you feel unpleasantly hot and sweaty when you come in the house, so you take a shower and begin to feel better.