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Norma-Jean [14]
1 year ago
9

Intermediaries add costs to products, but they also add such as convenience and assortment. t or f

Business
1 answer:
svlad2 [7]1 year ago
6 0

True, intermediaries add costs to products, but they also add such as convenience and assortment.

<h3>What are financial intermediaries ?</h3>

In every financial transaction, financial intermediaries operate as a middleman between two parties. A good illustration would be a bank, which performs a variety of functions, including acting as a go-between for lenders and borrowers and gathering cash for investments.

Banks and other financial intermediaries make it possible for capital to pass hands in a particular transaction. Typically, both the customer and the business pay a price for this. Physical storage and shipment require a lot of resources and time, adding to the transaction's expenses.

Hence, True is an appropriate response.

To learn more about financial intermediaries

brainly.com/question/1537763

#SPJ1

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Deere company holds a​ $10,000 note receivable dated july​ 1, 2015, with​ 10% interest. what adjusting entry is needed on decemb
Ket [755]
<span>b. debit interest receivable for​ $500 and credit interest revenue for​ $500
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7 0
3 years ago
For each of the following:
Mama L [17]

Answer and Explanation:

As we know that

The assets, expenses contains debit balance while the liabilities, revenues and stockholder equity contains credit balance

So based on this, the classifications are as follows

Particulars    Type of account    Normal balance    Debit or credit     Reason

a. Land            Asset                      debit                       debit            resources on the owners hand        

b. Cash            Asset                      debit                       debit            resources on the owners hand

c. Legal Expense  = expense        debit                        debit         consumption of cost

d. Accounts Receivable      Asset                      debit                       debit      resources on the owners hand

e. Dividends    =     Equity                debit                          debit   distribution made to owners

g. Notes Payable =   Liability            credit                          credit    obligation made to creditors

h. Common Stock = Equity               credit                         credit    investment done by the owners

8 0
3 years ago
For the quarter ended March 31, 2020, Croix Company accumulates the following sales data for its newest guitar, The Edge: $321,6
jeyben [28]

Answer:

$13,800

Explanation:

Static budget report for the second quarter and for the year to date

PRODUCT LINE: BUDGET; ACTUAL; DIFFERENCE; REMARK

Guitar:The Edge 380,800 394,600

13,800 favorable

Production line = Guitar:The Edge

Budget =$380,800

Actual=394,600

Difference = 13,800

Remark : Favorable

8 0
3 years ago
Wholesale insurance brokers (also called excess and surplus lines brokers) are intermediaries between:
valina [46]

Answer:

3. an insurance agent and an insurance company

Explanation:

Insurance simply means protection from financial loss.

Types of insurance are:

1. Property insurance

2. Life or personal insurance

3. Marine insurance

4. Fire insurance

5. Liability insurance

6. Social insurance

7. Guarantee insurance

Insurance Agents are people that work for insurance companies to reach out to new and existing customers to sell insurance. An insurance agent acts as an intermediary between an insured and the marketplace

An insured means a person or organization covered by insurance. They are like consumers.

Insurance company (insurer) is a business that provides coverage, in the form of compensation resulting from loss, damage or injury, treatment or hardship in exchange for premium payments.

Wholesale Broker is a type of insurance broker who acts as an intermediary between a retail broker (insurance agent ) and an insurer while having no contact with the insured

6 0
3 years ago
What is 30% of 3/5​
Setler79 [48]

Answer: Solution for What is 30 percent of 3/5

30 percent *3.50 =

(30:100)*3.50 =

(30*3.50):100 =

105:100 = 1.05

Now we have: 30 percent of 3.50 = 1.05

Question: What is 30 percent of 3.50?

Percentage solution with steps:

Step 1: Our output value is 3.50.

Step 2: We represent the unknown value with $x$x​.

Step 3: From step 1 above,$3.50=100\%$3.50=100%​.

Step 4: Similarly, $x=30\%$x=30%​.

Step 5: This results in a pair of simple equations:

$3.50=100\%(1)$3.50=100%(1)​.

$x=30\%(2)$x=30%(2)​.

Step 6: By dividing equation 1 by equation 2 and noting that both the RHS (right hand side) of both

equations have the same unit (%); we have

$\frac{3.50}{x}=\frac{100\%}{30\%}$

3.50

x​=

100%

30%​​

Step 7: Again, the reciprocal of both sides gives

$\frac{x}{3.50}=\frac{30}{100}$

x

3.50​=

30

100​​

$\Rightarrow x=1.05$⇒x=1.05​

Therefore, $30\%$30%​ of $3.50$3.50​ is $1.05$

Explanation:

7 0
3 years ago
Read 2 more answers
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