C)The early economy of New France was driven by beaver pelts.
The French fur trade was a major economic activity in New France during the 17th and 18th centuries. The beaver pelts were highly valued in Europe for their use in making fashionable hats, and the French established trading posts and alliances with indigenous peoples to secure a steady supply of beaver pelts.
This trade was a key source of income and wealth for the French colony and its people. Therefore the correct option is b which is beaver pelts. So, the early economy of New France was driven by beaver pelts.
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assume you give someone $70,000. they promise to give it back to you in 5 years, along with interest at a rate of 4% per year. how much will you receive at the end?
You will receive an amount of $85165.70 after 5 years.
An annuity is a series of payments delivered at regular periods in the investing world. Regular savings account deposits, mortgage payments, insurance premiums, and pension payments are all examples of annuities. The periodicity of payment dates allows for the classification of annuities.
They are long-term agreements with an insurance provider where you put money. You get income in exchange for your investment in the form of regular payments through annuitization or, for an extra fee, a guaranteed lifelong income benefit.
A pension plan is a saving and investing product, whereas a retirement annuity is an insurance contract. This is the primary distinction between the two products.
Amount given = 70000 $
Let, FV= Future Value
PV= Present Value
r= rate of interest
n= number of period
[tex]$$\begin{aligned}& F V=P V(1+r)^{\wedge} n \\& F V=70000^*(1+4 \%)^{\wedge} 5 \\& F V=85165.70\end{aligned}$$[/tex]
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According to the traditional approach to capital structure, the value of the firm will be maximized when
According to the classic idea of capital structure, a firm's worth Increases up to a certain point, after which it tends to remain constant and finally starts to decline if there is excessive borrowing.
How does capital structure affect firm value?The capital structure of a firm, or more specifically, its ratio of equity to debt financing, plays a key role in determining the value of the enterprise. The amount an investor would be willing to pay for the company or for an interest in it depends on the relative amounts of stock and debt, which also have an impact on risk and cash flow. According to Modigliani and Miller, value is independent of the financing strategy and investments made by a company. The M&M theorem makes the following two claims:- Proposal: This claim asserts that a firm's capital structure has no bearing on its value. The capital structure of a company is the sum of the debt and/or equity used to fund operations and asset financing. Usually, a debt-to-equity ratio is used to describe a company's capital structure.
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when the product price falls from $80 to $60, the quantity demanded rises from 500 to 800 units. using the simple formula the price elasticity of demand in this range is:
In this range, the price elasticity of demand is -0.067.
What is the desire for quality?In economics, the word "quantity demanded" refers to the overall amount of a product or service which consumers demand more than a specific period of time. Regardless of whether a market is in equilibrium, it is dependent on the cost of an item or service.
what is Price elasticity of demand?A demand that is elastic experiences a significant shift in quantity demanded as a result of a price adjustment. Demand is considered to be inelastic when the amount desired does not change much as a result of a price modification. If the formula produces an integer value greater than 1, then the demand is elastic.
According to the given information:P1 = 80, P2 = 60
Q1 = 500, Q2 = 800
Slope of the given range = Change in price / change in quantity demanded
Slope of the given range = ( P2 - P1 ) / ( Q2 - Q1)
= ( 60 - 80 ) / ( 800 - 500)
= -20 / 300 = - 0.067
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which is the most accurate statement about trade? question 8 options: trade can make every nation better off. trade makes some nations better off and others worse off. trading for a good can make a nation better off only if the nation cannot produce that good itself. trade helps rich nations and hurts poor nations.
The truth about trade is that it can help any state equally.
Why do you refer to trade?Major conclusions. Trade is the consensual exchange of services or goods between two market players. Due to the voluntary characteristics of trade, it is often assumed that both sides gain from it. Trading in the finance market refers to the sale and purchase of securities or other assets. Let's assume the two people are Liam and Henry. Peter has food but wants wool, contrasting to Liam who has wool but needs to be fed. Liam and Richard will swap food for wool in enable for Liam to acquire food and Harry to get wool, meeting both of their needs. The biggest analogy of trading is this.
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in high-tech industries, such as computer software development, employers press the federal government for immigration laws that allow for a greater supply of foreign-born workers. what is the main reason these companies cite for that effort?
The main reason for these companies that are for that effort is that qualified technical workers are scarce in the United States.
What are technical workers?The group of technical workers is diverse and includes managers in the occupations of engineering, the natural sciences, computer and information science, computer programmers, surveyors, drafters working in the fields of architecture, civil engineering, electronics, and mechanical engineering, as well as technicians in a wide range of technical fields. This indicator does not cover scientists and engineers.The Occupational Employment and Wage Statistics (OEWS) Survey, conducted by the Bureau of Labor Statistics (BLS), is a survey of workplaces that designates workers to a state based on where they work. It provides information on the occupations of technical workers as well as the total number of occupations. BLS estimates are created using information supplied by state workforce organisations.To learn more about technical workers from the given link
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set up and solve an equation for the following business situation. suppose one-seventh of the employees of a certain company work in the southeastern region. if the company employs 254 workers in that region, what is the total number of employees working for the company?
If the company employs 254 employees in one area, then there are 1,778 people working for the company overall.
What exactly is a company situation analysis?A scenario analysis is a thorough investigation of the market presence of a company based on both internal and external factors. It investigates the reactions of a company's present and potential customers to its goods and services. A business situation is a collection of internal or external circumstances that change over time.
Suppose there are x total employees.
Then calculate the value of x, which is the total number of employees, by dividing the specified number of employees by one-seventh.
[tex]\frac{1}{7}[/tex] of x= 254
[tex]\frac{1}{7}[/tex] * x= 254
[tex]\frac{x}{7}[/tex]= 254
x= 254 X 7
x= 1,778
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Use the balance sheets and information provided about revenue and expenses to answer the question. Gulf Shipping Company Balance Sheet As of December 31, 2020 (amounts in thousands) Cash 143,000 Accounts Payable 19,000 Accounts Receivable 41,000 Debt 32,000 Inventory 58,000 Other Liabilities 40,000 Property Plant
A balance sheet consists of three components: assets, liabilities, and shareholders' equity.
What is Gulf shipping?
Registered Nurse. Salary Range: AED 8,400 to AED 26,000. ...Teacher. Salary Range: AED 9,000 to AED 15,000. ...Cybersecurity Analyst. Salary Range: AED 1400 to AED 29,000+ ...Human Resources Officer. Salary Range: AED 8,000 to AED 10,000. ...Compliance Officer.However, UAE remains at the top of the list when it comes to salary packages. In fact, it is ranked among the top countries in the world to offer higher salary packages when compared to other countries in the world. After UAE, Saudi Arabia and Oman are also known for their highly paid jobs.Yemen has long been the poorest country in the Middle East and North Africa (MENA) and is now in the midst of one of the world's worst humanitarian crises. The fighting that has been raging since early 2015 has devastated its economy, leading to severe food insecurity and destroying critical infrastructure.To learn more about expenses refers to:
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6. scarcity, opportunity cost, and marginal analysis clancy is training for a biathlon, a winter racing sport that combines cross-country skiing and rifle shooting. consider the following scenario: in order to ski for one hour, clancy must take that time off of work, where he earns an hourly wage of $19. additionally, there is a $8 entrance fee to the skiing facility. which basic principle of individual choice do these statements best illustrate? markets are usually a good way to organize economic activity. people usually exploit opportunities to make themselves better off. the cost of something is what you give up to get it. trade can make everyone better off.
These statements best illustrate is "the cost of something is what you give up to get it" also known as opportunity cost. In this scenario, Clancy must give up one hour of work, where he earns $19, and pay an additional $8 entrance fee in order to ski for one hour, which represents the opportunity cost of his decision to participate in the biathlon training.
What is opportunity cost?Opportunity cost is the value of the next best alternative that must be given up in order to pursue a certain action or decision. It is the cost of foregone opportunities and represents the trade-off that an individual, business or society must make between two mutually exclusive choices. Opportunity cost is a key concept in economics and is used to evaluate the efficiency of decisions and allocate resources in the most efficient way possible. It is a fundamental principle of economics that states that resources are limited and that any decision to use those resources for one purpose will limit the possibilities for using them for other purposes.
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the december 31, inventory for the simpson company included five products. the year-end physical count revealed the following quantities on hand: product quantity available k 40 l 42 m 60 n 52 p 55 the related unit costs: k $7 l 10 m 9 n 5 p 7 required calculate the total cost of the december 31, physical inventory.
The total cost of inventory is $1885.
To get the total cost, we multiply the quantity to the unit cost.
=(40 * 7) + (42 * 10) + (60 * 9) + (52 * 5) + (55 *7).
=280+420+540+260+385
=$1885
Technology-based solutions known as inventory control systems connect all aspects of an organization's inventory tasks, including shipping, buying, receiving, warehouse, tracking, and reordering.A physical inventory is a comprehensive, often annual count of the stock a company has on-hand. Cycle counting is a more systematic method of counting portions of the stock. Companies sometimes conduct cycle counting as often as daily, and it's advisable to perform them at least quarterly.
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for the eight months ended august 31, year 5, the carpet division of a flooring company, which is considered a major line of business, had an operating loss of $115,000 from operations. on september 1, year 5, the board of directors voted to discontinue the division's operations. on december 31, year 5, the division was sold for a pre-tax loss of $135,000. the division's operating loss for year 5 was $240,000. the company's income tax rate is 30%. what amount of loss should the company report as discontinued operations in the december 31, year 5, income statement?
The amount of loss that the company should disclose as "discontinued operations" in the year five income statement as of December 31, 2016, is $262,500 [$375,000 (1 - 30%)].
What is in a financial statement?The revenues, expenses, and profitability of a company over time are shown on an income statement. An earnings statement or a profit-and-loss (P&L) statement may also be used to refer to it. Your revenue from sales of goods and services is shown.
An income statement consists of what three elements?Financial statements other than income statements are typically given less consideration in business financial releases. From this reading, the following main concepts emerged: The income statement contains information on revenue, expenses, and net profit.
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what are the main purposes of metrics during the final step of the marketing planning process? (choose every correct answer.)
The main purposes of metrics during Step 5 is:
a. To predict what will happen
b. To explain why things happened
What is metrics?Metrics is often to use to assess as well as track a business performance so as to know how well or how bad the business is doing.
This metrics enables companies to know their lapses and how they can improve their performance and productivity in a situation were the company is not performing as expected.
The main purposes of metrics during Step 5 is:
To predict what will happenTo explain why things happenedTherefore we can conclude that the correct option is A, B.
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The complete question is:
What are the main purposes of metrics during Step 5?
-To predict what will happen
-To understand the needs of a market segment
-To consider how best to position the firm
-To explain why things happened
a mutual fund sales load that is assessed on a descending scale if the fund is sold within the first five or six years of purchase is called a
Charged for contingently postponed sales. If the fund is sold within the first five or six years of acquisition, a contingent delayed sales charge, which is calculated on a sliding scale, is imposed.
What does a contingent deferred sales charge mean?According to the investor's holding term, a contingent deferred sales fee (CDSC), also known as a back-end sales charge, is paid for Class B mutual fund shares within a given time frame. The underlying investments in each category of mutual fund shares are all part of the same portfolio, and each investor contributes to the fund's costs. Normally, 5% of the total amount spent is required. For instance, if you were to invest $1,000 in a mutual fund and the DSC was 5%, the mutual fund company would pay the adviser's firm $50, and your adviser would receive a percentage of that payment.Deferred loads are sales charges or fees related to mutual funds that are assessed when the investor redeems their shares rather than at the time of the initial investment. With a delayed load, the entire investment is put toward purchasing shares as opposed to just a portion being deducted up front as a fee.To Learn more About delayed sales charge, refer To:
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A seller of unimproved property located in a certificated service area of a utility service provider, must give written notice to a purchaser of which of the following?That extension of water or sewer services might require additional expense to the purchaser
A seller of unimproved property located in a certificated service area must give written notice to a purchaser about the extension of water or sewer services might require additional expense to the purchaser
Unimproved land, as used in real estate, is defined as having no access to some fundamental amenities, such as electricity, telephone, street access, or water facilities. Before the buyer signs a contract, the seller of unimproved property in a retail utility provider's service area must notify the buyer.
The notification must be in writing that the extension of water or sewer services may incur additional costs for the buyer and that there may be a delay in the utility's ability to provide the services. If the seller fails to provide the required notice, the buyer may end the agreement and, in some circumstances, bring legal action against the seller to recover damages and reasonable legal costs.
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How do I caculate this: Sold merchandise that cost $1,200 to Art Co. for $1,800 under credit terms of 2/15, n/60, FOB shipping point, invoice dated July19.Received the balance due from Art Co. for the invoice dated July 19, net of discount.cash $Sales Dis. $Accounts rec-Art $
Sales $1,200 credit, Cost of Goods Sold $800 debit, Accounts Receivable $1,200 debit. Inventory of Goods: $800 credit
What does "inventory" mean to you?Inventory refers to all the products, services, and supplies that a business keeps on hand with the intention of reselling them for a profit. If a newspaper seller uses a vehicle to deliver newspapers to customers, just the newspaper will be considered inventory. The vehicle will be regarded as an asset.
What is the main purpose of inventory?The main goal of inventory is to ensure that there is always a consistent supply of products available for use. To effectively carry out this task, your organization should seek the ideal balance between having too much and not enough stock, without ever running out.
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. the president planned to give a speech on tv about the nation's general economic vitality. the day before the speech, the stock market dropped 25 percent. the president had to modify the speech to the nation. what caused the president to modify the speech?
Correct answer is a trade in context.
What are these President speeches called?Woodrow Wilson giving his first State of the Union address; the first time given that 1801 that such an address was made in man or woman earlier than a joint session of Congress, this initiated the contemporary style with regards to the State of the Union address.
How do presidents make speeches?Traditionally, the addresses are delivered with the President sitting at the Resolute desk speak me into the camera. Occasionally, however, the President will stand at a lectern on the contrary facet of the Oval Office and supply the address.
Who makes the president's speeches?The White House Director of Speechwriting is a position inside the Executive Office of the President of the United States. The officeholder serves as senior marketing consultant and chief speechwriter to the President of the United States.
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https://brainly.com/question/26108165#SPJ4the addition to total cost that results from employing one additional unit of a resource is called group of answer choices average total cost. marginal cost. marginal factor cost. average factor cost.
The addition to total cost that results from employing one additional unit of a resource is called b. marginal factor cost.
The marginal factor cost (MFC) in microeconomics is the increase in total costs paid for a factor of production that results from a one-unit increase in the amount of the factor utilized.
It is measured in cash units per additional unit of a production factor (input), such as labor, per unit of time. In the case of labor, for example, if the wage rate is unaffected by the number of units of labor recruited, the marginal factor cost is the wage rate.
If, on the other hand, adding another unit of labor raises the wage rate that must be paid to all existing units of labor employed, the marginal cost of the labor factor is more than the wage rate paid.
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which new deal program is being described below? this organization helped reduce unemployment by giving jobs to 17- to 25-year-old men. these men planted trees, maintained parks, and completed various building projects.
During the Great Depression, the Civilian Conservation Corps (CCC) provided millions of young men with jobs working on environmental projects.
How did New Deal programs like the Civilian Conservation Corps and the Works Progress Administration provide relief to the needy?By using unemployed people to construct new public structures such as roads, bridges, and subways, the Public Works Administration (PWA) was able to lower unemployment. Numerous young men were employed by the Civilian Conservation Corps (CCC) to work on flood control and reforestation.
What were 5 programs of the New Deal?Major government program agencies were the Social Security Administration, the Civilian Conservation Corps, the Works Progress Administration, the Civil Works Administration, the Farm Security Administration, and the National Industrial Recovery Act of 1933. (SSA).
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the unemployment rate equals the group of answer choices number of unemployed persons divided by the civilian non-institutional population. sum of unemployed persons and discouraged workers divided by the civilian labor force. number of employed persons divided by the number of unemployed persons. number of unemployed persons divided by the civilian labor force.
The unemployment rate equals to the number of unemployed persons divided by the civilian non-institutional population.
Hence, option (B) is the correct choice.
The percentage of jobless persons in the labor force is represented by the unemployment rate. It is derived by dividing the total civilian non-institutional population by the number of jobless people.
The percentage of the labor force that is employed that is jobless is known as the unemployment rate (the labor force is the sum of the employed and unemployed). (Unemployed Labor Force) x 100 equals the unemployment rate.
The labor force is made up of both employed people and unemployed people, and the unemployment rate is calculated by dividing the number of jobless people by the total labor force. If a person works for compensation or runs their own business for at least an hour any day of the week, including the twelfth of the month, they are regarded to be employed.
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The question may be like
The unemployment rate equals the
a. number of employed persons divided by the number of unemployed persons.
b. number of unemployed persons divided by the civilian non-institutional population.
c. number of unemployed persons divided by the civilian labor force.
d. sum of unemployed persons and discouraged workers divided by the civilian labor force.
. describe how to use each of the factors affecting time value of money to maximize the amount of savings earned.
The difference in the value of money today and tomorrow is referred to as the time value of money.
What is time value of money and factors affecting ?The value of a certain amount of money today is more valuable than its value tomorrow. It is not because of the uncertainty involved with time but purely on account of timing. The difference in the value of money today and tomorrow is referred to as the time value of money.
Factors affecting of time value of money:Risk and Uncertainty. Future is always uncertain and risky: Future events are never guaranteed. What will occur in the future is unknown and no one can predict future events accurately. The financial environment of an economy goes through major changes over time.
Consumption Preference: If the amount of satisfaction is the same, people choose to consume now rather than later. Most people are willing to forgo their current consumption if they discover they will be able to consume more in the future.
Inflation: In an inflationary economy, the money received today, has more purchasing power than the money to be received in future.
Investment Opportunity: Reinvestment is a concept that the time value of money takes into account. If an investment produces a regular cash flow, the periodic return can be reinvested to provide an even higher return.
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Which type of salesperson would routinely be involved in an industrial straight rebuy situation?
an outside order taker
an inside order taker
an order getter
a missionary salesperson
a sales engineer
An industrial straight rebuy scenario would frequently involve either an inside or an outside order taker.
What is the role of a salesperson?Simply said, a sales representative promotes a company's brand while selling its goods or services. From the first lead outreach until the actual transaction, they maintain client connections and function as the primary point of contact.
Is working in sales a good job?Yes, a job in sales is fantastic. Salespeople frequently have a defined career path inside their firms and the chance to achieve a high pay. The best part is that anyone can work in sales. All you need is the motivation to improve your sales abilities and the desire to be successful.
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a marketer has configured a yearly membership renewal journey. this journey is intended to be used for the foreseeable future. which contact entry mode should be used?
An email that was accepted in Content Builder Approvals by a marketer's management has been planned.
What is management?Management is the administration of the organization, whether it be a charity, for-profit business, or government institution. Management is the process of deciding on an organization's strategy and allocating tasks to its employees (or volunteers) in order to accomplish its objectives with the aid of resources like money, materials, people, and technology. The top or senior layer of management is a small group that includes the president, vice president, CEOs, and other C-level executives. The C-suite of a corporation may include a chief financial officer, a chief technology officer, and other experts. They are in responsible of overseeing and managing all business activities for the entire organization.
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customer orientation Definition
Customer orientation is a modern business approach adopted by businesses for increasing their sales by satisfying the changing wants and needs of a customer. In this approach, businesses focus more on the customer than the company itself. This approach leads an organization to do better for the consumer in order to retain their customer base.
Customer orientation is a business strategy that emphasizes the importance of customer satisfaction. It is the practice of focusing on the wants and needs of the customer in developing products, services and experiences that meet or exceed their expectations.
This approach to business involves understanding customer needs, designing products and services that meet those needs, and building customer relationships that foster loyalty and repeat business. Customer orientation enables businesses to create a competitive advantage by providing superior service and value to customers. Ultimately, customer centricity is an essential part of any successful business, as it leads to increased customer satisfaction, loyalty and increased sales.
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Which investment has the least liquidity mutual fund house? Which investment has the least liquidity mutual fund house?
Among the least liquid assets are real estate and priceless collectibles. The liquidity of an investment may change depending on the type of investment, the market's timing, and the buyer pool.
Which investments have the least liquidity?Because it can take weeks or even months before a person or business receives cash from the sale of real estate, land is seen as a non-liquid asset.
The least liquid type of account is the certificate of deposit (CD). A bank customer opens an account for a certificate of deposit and deposits a lump sum that can be withdrawn after a specific amount of time. A CD offers a higher interest rate than a standard savings account.
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how does specialization allow a country to achieve consumption beyond its production possibilities curve?
According to Adam Smith, nations should focus on the goods and services where they have a clear advantage. Countries that trade and specialize are able to expand beyond the limits of their production capacity, allowing them to purchase more goods overall.
The same way that individuals can, countries can also profit from specialization and trade. At national borders, the benefits of trade do not disappear. Without trade, nations would be forced to consume at the limit of their ability to produce. A nation can consume outside of its PPF through trade.International trade enables and supports national industry specialization, lowering production costs and consumer prices. As a result, the possibilities for consumption are increased by specialization and global trade.Learn more about production possibility curve at:
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a process with no beginning work in process, completed and transferred out 85100 units during a period and had 49600 units in the ending work in process inventory that were 20% complete. the equivalent units of production for the period were:
85100 units were completed and transferred out during a procedure that had no beginning work in progress, while the inventory of ending work in progress contained 49600 units that were 20% complete. For the time, there were 95,020 equivalent units of production.
Equivalent Units of Production: What Are They?To get the equivalent units of production for the time period, the total units of production for the time period are added with any currently ongoing work in progress, subtracted from any earlier work in progress.
Equivalent units measure the amount of labor that went into producing a specific number of physical items. To find equivalent units, simply multiply the number of physical items by the amount of work put into them. For two items that are 50% complete, you would have one equivalent unit (2 x 50% = 1).
All production for the time period, including ongoing and completed work in progress, is included in the equivalent units of production. The calculation is as follows:
Units produced - opening a working project (units)+ currently ongoing work (units) = 85100 - 0 + (49600 x 20%) = 95,020.
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aryana wants to invest $43,000. she has two options. option a gives her 6% compounded quarterly. option b gives her 6% simple interest annually. which
You would earn $60 simple interest. Simple interest is calculated as a percentage of the initial amount borrowed and does not include any additional earnings.
How do you use borrowed?If you borrow something that belongs to someone else, you use it for a period of time and then return it. Could I borrow your car. I borrowed this book from the library. If you lend something you own to someone else, you allow them to have it or use it for a period of time.
How would you employ borrowed?When you borrow something from someone else, you just use for a while before returning it. Could I use your vehicle? This book was checked out from the library. You give someone else a temporary use or possession of anything you own when you lend it to them.
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a monopolistically competitive industry shares some of the same characteristics as perfect competition, including:
Perfect competition and monopolistically competitive industries both have a large number of businesses and easy entry and departure points.
Which characteristic is similar to both perfect competition and monopolistic competition?The presence of numerous enterprises and ease of entry and exit are two traits that perfect competition shares with monopolistically competitive industries.
The closest comparison between perfect and monopolistic competition is between them. The lack of entry barriers in both market systems results in a large number of sellers and zero long-term profitability.
Unlike monopolistic competition, which has little entry barriers and gives a monopolist complete control over the market, monopolistic competition does not. If a company believes the profits will be sufficiently alluring, they can enter the market. Monopolistic competition resembles perfect competition as a result.
In that both types of markets have numerous consumers and sellers, monopolistic competition is similar to perfect competition in this regard. Small to no barriers exist to entering or exiting the market, and there is little to no impact on the equilibrium price.
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a company had a beginning balance in retained earnings of $406,000. it had net income of $53,000 and declared and paid cash dividends of $58,000 in the current period. the ending balance in retained earnings equals:
Retained earnings for a corporation had a starting balance of $406,000. It generated a current period net income of $53,000 and declared and paid cash dividends of $58,000. $401,000 is the final total in retained earnings.
Retained earnings: What does that mean?The money that remains after a company pays all of its direct and indirect costs, income taxes, and dividends to shareholders is known as retained earnings. This is the portion of the company's equity that may be utilized, for instance, to pay for marketing, research and development, and new equipment purchases.
Retained earnings are a company's existing income less any dividends or other payouts to shareholders. This amount is changed whenever an accounting record entry has an effect on a revenue or cost account.
Retained earnings ending balance= Retained earnings beginning balance
+ net income - dividends
Retained earnings ending balance= $406,000 + $53,000- $58,000
Retained earnings ending balance= $401,000
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a customer invests $1,000 in a money market fund. if the fund's assets appreciate by 10%, the customer will have:
$1,000 is contributed by a consumer to a money-market fund. In the event that the assets of the fund increase by 10%, the client will own 1,100 shares at $1 each.
How to calculate?In this scenario, a customer invests $1,000 in a money market fund. if the fund's assets appreciate by 10% since the customer redeemed the shares on Wednesday, June 14th then he must be paid before Wednesday, June 21st. This is 7 days after the redemption. According to section 22 article (e) of the Investment Company Act of 1940, all companies are prevented from postponing the date of payment for more than seven days as stated below.
No registered investment company shall suspend the right
of redemption, or postpone the date of payment or satisfaction upon
redemption of any redeemable security in accordance with its terms
for more than seven days after the tender of such security to the
company or its agent designated for that purpose for redemption
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The complete question is :
$1,000 is contributed by a consumer to a money-market fund. If the assets of the fund increase by 10%, the client will have:
110 shares at $10.00 a share and 100 shares at $11.00 each
One thousand shares at $1.10 apiece, one hundred shares at $1.
Which of the following agencies approves private lending institutions to issue bonds that are backed by the full faith and credit of the U.S. government?
A) Financial Guaranty Insurance Company (FGIC)
B) Government National Mortgage Association (GNMA)
C) Federal National Mortgage Association (FNMA)
D) Federal Home Loan Mortgage Corporation (FHLMC)
Agencies that authorize private lending institutions to issue bonds that are guaranteed by the U.S. government's full faith and credit are B) Government National Mortgage Association (GNMA).
Private lending institutions with GNMA approval issue GNMA bonds, which are supported by the full confidence and credit of the US government. N awareness, A federal government organization known as the Government National Mortgage Association (GNMA) is responsible for ensuring the timely payment of principal and interest on mortgage-backed securities (MBSs) issued by authorized lenders.
The association is also referred to as Ginnie Mae and is represented by the initials GNMA. Mortgage lenders can get a better price for MBSs in the capital markets because of Ginnie Mae's assurance.
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