How is the shadow banking system the same as the traditional banking system?A) It intermediates the flow of funds between net savers and net borrows. B) It serves as a middle man. C) The complete credit intermediation is performed through a series of steps involving many nonbank financial service firms. D) The complete credit intermediation is performed by a single bank.

According to herman, one of the differences of managing a nonprofit versus a for-profit corporation is

Walsh company manufactures and sells one product. the following information pertains to each of the company’s first two years of operations: variable costs per unit: manufacturing: direct materials $ 25 direct labor $ 12 variable manufacturing overhead $ 5 variable selling and administrative $ 4 fixed costs per year: fixed manufacturing overhead $ 400,000 fixed selling and administrative expenses $ 60,000 during its first year of operations, walsh produced 50,000 units and sold 40,000 units. during its second year of operations, it produced 40,000 units and sold 50,000 units. the selling price of the company’s product is $83 per unit. required: 1. assume the company uses variable costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 2. assume the company uses absorption costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 3. reconcile the difference between variable costing and absorption costing net operating income in year 1.

Organizations typically rely on schedules, such as hourly wages and annual reviews and raises.