Answer:
The banking industry has quickly advanced in the previous couple of decades. Banks have turned out to be worldwide foundations, working in numerous nations around the globe—and, maybe more significantly, online.
Present day customers have started to put more significance on the online banking capacities of their budgetary establishments, constraining European banks to dispatch new items and modify their digital systems to keep up. Less customers are visiting nearby offices; truth be told, there have been numerous reports asserting that online banking is the main source of the disappearing of neighborhood bank offices crosswise over Europe.
The greatest contrast between conventional banking and online banking is a physical presence: a traditional bank has a home office, just as territorial HQs, with branches situated over the nations in which it works. Numerous traditional banks work their very own ATMs, however littler conventional banks may combine to work a substantial number to share costs. Conventional banks, with their nearby offices, were at first picked for their benefit — for example which bank had a branch nearest to home — just as their eye to eye client administration.
Online banking is of most extreme significance to present day consumers.To remain aggressive and guarantee their customers are fulfilled, most customary banks have fused web banking in their administrations. Online entrances enable customers to view their balances, exchange cash, open new records and even apply for a home loan to purchase a home or contribute — which is all accessible 24 hours every day, seven days seven days not at all like physical branches. Online client administration, including email and talk and video call, have started to surpass telephone calls and visits to the bank's nearby office. Such administrations permit customers
Answer:
b. Liability, $9,000,000; expense, $0.
Explanation:
An asset retirement obligation (ARO) refers to an obligation with respect to the acquisition , construction, development, etc. The liability should be recognized the liability at the present value that should be expected to be paid for settling the obligations
Here the $9,000,000 million represents the liability
Also the journal entry is
Asset Dr
To liability
(Being the asset placed is recorded)
There is no expense should be recorded in the income statement
Answer:
T
Explanation:
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Answer:
the unit cost of producing 2,000 cell phones per day would be lower than the unit cost of producing 1,000 units per day.
Explanation:
The costs of producing the 2000 units per day will be lower due to the following reason:
<em>Economies of scale.</em> The company will enjoy the benefits associated with large scale productions. When purchasing raw materials, the company will be a position to bargain for better discounts. The production cost is spread among finished products. A large production keeps the cost per item low.
<em>Some fixed costs may not change</em>. By adding a new plant, the company will increase production activities. Variable costs will increase, but some fixed costs are likely to remain the same. Administrative cost, top management salaries will not be affected. It means a larger number of finished used will absorb the fixed cost.
<em>Efficient machines</em>: The company has invested in new and more efficient machines. Efficiency implies the use of less labor, less power, and faster production. The result is a lower cost of production.
Answer:
Money Paid
Overall Sacrifice
Explanation:
The two major dimensions of pricing are Monetary and Non- Monetary pricing.
Monetary pricing is the liquid asset like cash that is spent to acquire goods and services while the non monetary are other costs apart from money like time , stress , distance that it costs to acquire an item .
The individual perception of pricing has a way of affecting its choice when it comes to purchasing.
Earl did not consider the cost of stress in travelling 30 miles in order to save a $1 in his purchase decision as his mindset is programmed to the price paid being the real price while most other customers considers the sacrifice involved before making a purchase decision.
