1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
a_sh-v [17]
1 year ago
15

The primary benefit of in-house banking as used by a major corporation is: Group of answer choices Improved visibility and contr

ol over subsidiary cash assets minimized borrowing reduction in overall banking costs improved ability to manage internal and external FX risk
Business
1 answer:
Goshia [24]1 year ago
4 0

The primary benefit of in-house banking as used by a major corporation is a reduction in overall banking costs and improved ability to manage internal and external FX risk.

<h3>What is in-house banking?</h3>

When something is done "in-house," it is done by a corporation on its own, as opposed to using outside vendors.

In-house legal teams, developers, marketers, and other specialist services are frequently used by larger organizations.

While outsourcing those divisions to third parties is typical practice for some businesses, maintaining those functions in-house can give a company better operational flexibility.

Automakers and banking institutions frequently use internal finance.

There are costs associated with retaining some experts on staff because they need to be paid a full-time salary even if they are not constantly needed.

To know more about banking refer to:  brainly.com/question/25664180

#SPJ4

You might be interested in
Today, it is stressed even more that companies go beyond just making a profit and take into consideration the environment and ph
Westkost [7]
Corporate social responsibility
3 0
2 years ago
When businesses collect demographic information on where people live, what they buy, and how they spend their time, they are res
snow_tiger [21]

Answer:

Social environment.

Explanation:

When businesses collect demographic information on where people live, what they buy, and how they spend their time, they are responding to the social environment. The social environment comprises of values, beliefs, practices, customs and behaviors of a group of people living together in a society and how their actions influence their surroundings or environment.

Demographics can be defined as the study and analysis of the characteristics of a population based on pre-defined factors such as education, race, income, sex or gender, and age.

Additionally, businesses gather, analyze and use demographic informations about people in the target market so as to have a competitive edge or advantage and to help build a strong relationship.

7 0
3 years ago
Answer you are told that metal x is a better reducing agent than metal y. this must mean that:
natta225 [31]
Metal X can dispose of unwanted materials quicker and is therefore a better reactant.  Please mark Brainliest!!!
5 0
3 years ago
During December of Year 1, Nile Co. incurred special insurance costs but did not record these costs until payment was made durin
o-na [289]

Answer:

The omission of this entry understated accrued liabilites. given that the related inventory was sold in year 1, it aslo overstated net income and retained earnings by understating cost of goods sold,  the same effects would occur if the insurance costs were chargeable to expense as a period cost

Explanation:

Rules specify that contingent liabilities should be recorded in the accounts when it is probable that the future event will occur and the amount of the liability can be reasonably estimated. This means that a loss would be recorded (debit) and a liability established (credit) in advance of the settlement.

4 0
2 years ago
This information relates to Rice Co..
hodyreva [135]

Answer:

Rice Co.

Journal Entries:

April 5:

Debit Inventory $28,000

Credit Accounts Payable (Jax Company) $28,000

To record the purchase of goods, terms 2/10, n/30.

April 6:

Debit Freight-in Expense $700

Credit Cash Account $700

To record the payment of freight costs for goods purchased from Jax Company.

April 7:

Debit Equipment $30,000

Credit Accounts Payable $30,000

To record the purchase of equipment on account.

April 8:

Debit Accounts Payable (Jax Company) $3,600

Credit Inventory $3,600

To record the return of goods to Jax Company.

April 15:

Debit Accounts Payable (Jax Company) $24,400

Credit Cash Discount $488

Credit Cash Account 23,912

To record the full settlement on account.

Explanation:

Rice Co's journal entries are made on a daily basis as transactions occur.  They show the accounts to be debited and the ones to be credited in the general ledger.  Journal entries are the initial records of transactions made by the company in its accounting system.

3 0
3 years ago
Other questions:
  • The video mentions the loss of U.S. manufacturing jobs to overseas locations. What is this called? What is the opposite trend th
    14·1 answer
  • According to the U.S. Department of Labor, the average American has had how many jobs before the age of 32? A. Four b. At least
    12·2 answers
  • Sheridan, a lawyer, accepts a legal engagement in March, performs the work in April, and is paid in May. In completing the engag
    14·1 answer
  • In a progressive tax system, taxes decrease as income increases.<br><br> True or False?
    11·1 answer
  • An ethical issue is an identifiable problem, situation, or opportunity that requires a person or organization to choose from amo
    9·1 answer
  • Country A and Country B both recorded an increase in real GDP of 5 percent per year from 1980 to 2012. During this time, the pop
    6·1 answer
  • Which principle of the American Free Enterprise System is described in the statement "Consumers have the right to buy and sell p
    6·1 answer
  • The balance column in a ledger account is:
    6·1 answer
  • Accompanying the bank statement was a credit memo for a short-term note collected by the bank for the customer. What entry is re
    12·1 answer
  • Components inc., a maker of vehicle parts, refuses to sell to diy repair inc., a national vehicle service firm. the maker convin
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!