Course Content owc 4182 (-C ?secure httpti ketes nase/arch ?sp?couse.assessmentJ
ID: 2441544 • Letter: C
Question
Course Content owc 4182 (-C ?secure httpti ketes nase/arch ?sp?couse.assessmentJd-J970713_1&cour; sejd",4934 817a0J &cornent.id-;,270. 7640.1 &s; Question Completion Status QUESTION 40 As a junior accountant for the aberford Crystal Co of New Bedford. Connecticut, youve just completed an intensive tour week ininal trainng sesson burng your irst week at Waterford youlbe applying many of the concepts thatt you worked so hard so understand over the coure of four grueing years of colege accountng classes: sales revenues, cost of goods sold, operaning and administrative costs, taxes, interest expernes and net pront ih week a yougef some a sales revenuescost fplyinmany of the e experience woring with current and lone term assets, current and ngterm labilities, and owners equity. in your ied week youl be keeping track of al cash coming into and going out of the busines During week two, you'il ger some experience working wih tax returns QUESTION 41 Because they don't accept deposits from individuals or prewide traditional banking services money market funds archaacterined as nondeposit insttutiom tnance companies mutual fund compares brokerage firms QUESTION 42 Therate is the interest rate paid by a Federal Reserve member bank when it borrows from another member bank to meet ies reserve requirements federal funds mutual funds Save A Chick Save and Submit to suue and subouit. ick Sove All Ansuers to sove all nsers 3 5 6Explanation / Answer
40.
B
It is the balance sheet that gives information regarding assets and liabilities of different nature.
41.
A
It is the finance company that is treated as non-deposit institution.
42.
B
It is the federal fund rate that is used by one bank to lend another bank.