All categories

3 years ago

Which of the following is a benefit of doing business with an online bank? A. 24 hours/7 days a week business hours

Business

2 answers:

Ainat [17]3 years ago

5 0

Answer:

A. 24 hours/7 days a week business hours

Explanation:

Since it is an online bank, then it does not follow a regular bank's way of doing business. Their great advantage is low cost, low fare, and quick access.

Usually, the customer gets in touch via app, with a clean design, developed for the public in general. And their customers neither have personalized service nor higher loan rates and mostly, not many deposit location at disposal.

abruzzese [7]3 years ago

4 0

The correct answer is a

You might be interested in

At the end of April, Cavy Company had completed Jobs 766 and 765. The individual job cost sheets reveal the following informatio

baherus [9]

Answer:

Job 765 Job 766

Direct material $5,670 $8,900

Direct labor $3,500 $4,775

Overhead $5,400 $8,800

(27*200) (44*200)

Total Job cost $14,570 $22,475

b) Cost per unit = Total job cost/unit produced

Job 765 = $14,570/152 units

Job 765 = 95.86

Job 766 = $22,475/250 units

Job 766 = 89.90

8 0

3 years ago

Of course, these engineering controls will cost $33,000 dollars. This is compared to a continuing hearing conservation program t

ra1l [238]

Answer:

Explanation:

As the loan amount is gradually written off by the cost saved , the interest saved is also considered

P= ( 1+ R)^n

F = 9,000

R = 5% , 0.05

Loan amount - $33,000

N=Number of years

Year 1 = 9000( 1+0.05)^-1= 8,571.43

Year 2 =9000(1+0.05)^-2 = 8,163.27= 16.734.70

Year 3= 9000(1+0.05)^-3= 7,774.54 = 24,509.24

Year 4 = 9,000(1+0.05)^-4= 7,404.32= 31,913.56

Year 5 = 9,000 (1+0.05)^-5= 7,051.74= 38,965.3

Payback period is 5 years.

The company has the option of $33,000 for a control that will be repaid over five years period or a continuing hearing conservation program that would have paid ($9,000*5) $45,000 for the five years.

Comparing the two option , The Engineering control is a cheaper option and even with benefits that will outlast the continuing hearing program.

8 0

3 years ago

A company has beginning inventory of 10 units at a cost of $10 each on February 1. On February 3, it purchases 20 units at $12 e

Gre4nikov [31]

Answer:

b) $124

Explanation:

FIFO means first in, first out. Under this principle, goods that were purchased or produced earlier will be the first ones on sale.

The value of the goods sold in our case will be as follows.

The first ten items @ $10: 10X10 =$100

Two items to make [email protected] $12: 2x12=$24

Total cost: $100+$24= $124

7 0

3 years ago

Jose opened a Premier account at City National Bank of Iowa with a minimum required deposit of

Andrew [12]

Answer:

$1,025.299

Explanation:

The formula for compound interest is

FV = PV × (1+r)^ n

Where Fv is the future value

Pv is the present value = $1000

r is interest rate = 1/2 % or 0.5% per year

n is five years

interest is compounded quarterly,

Interest per quarter = 0.5% /4 = 0.125% which is 0.00125

n will be 5 years x 4 quarters = 20 periods

Fv= $1000 x (1 +0.00125)^20

Fv =$1000 x(1.00125)^20

Fv= $1000 x 1.025299

Fv = $1,025.299

4 0

3 years ago

Jasper makes a $25,000, 90-day, 7% cash loan to clayborn co. jasper's entry to record the collection of the note and interest at

Irina-Kira [14]

Answer:

The journal entry is as follows:

Cash A/c Dr. $ 25,437.50

To Notes Receivable A/c $25,000

To Interest revenue A/c $437.50

(To record the collection of the note and interest at maturity)

Working notes:

Interest for 90 Days:

= Note value × Interest rate × Time period

= $25,000 × 0.07 × (90/360) days

= $437.50

5 0

3 years ago