In an effort to prevent future financial crises like the stock market crash of 1929, in the 1930s Congress formed the FDIC.
<h3>What is the FDIC?</h3>
The Federal Deposit Insurance Corporation (FDIC) was formed by th Congress after the stock market crash of 1929.Bank run was attributed to be one of the causes of the great depression. The FDIC increases confidence of depositors in banks because they insure the deposit of bank customers.
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Answer:
Yes
Explanation:
Yes, Robin would need to pay because she knew that Ted was not licensed and still decided to hire him. Therefore, agreeing to contract Ted and pay him for the work that he has done. Regardless of whether or not Ted's job was legal or not Robin still agreed and must pay Ted. Ted will later have to deal with his own legal issues but that does not affect the contract that was agreed upon by both parties.
Answer: a. Take steps to reduce the DSO
Explanation:
Cash conversion cycle simply measures the length by which there will be deprivation of cash for a firm when the firm increases its investment in its inventory so that customer sales can be expanded
The actions that Reece Windows should take if it wants to reduce its cash conversion cycle is to take steps to reduce the DSO. This will help in reducing cash conversion cycle.
Answer: "Gerzema explains in his book about the changed consumer behavior post the economic crisis. According to him, consumers have become more empowered and enlightened. This means that people are spending their money on products responsibly and with much awareness. Savings have drastically gone up and people buy and trade local produce instead of jumping into corporate supermarkets."
Explanation:
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