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3 years ago

Why can a bank afford to pay interest rate on a savings account

Business

2 answers:

baherus [9]3 years ago

7 0

Answer:

Banks use the money from borrowers whom they charge at a high interest rate, and gives a lower rate to the people who have a savings account.

Nadusha1986 [10]3 years ago

3 0

How can a bank afford to pay interest? Banks use the money deposited on savings accounts to lend to borrowers, who pay interest on their loans. ... The difference between the money earned as interest on loans, any operating expenses, and the money paid as interest to savings accounts is profit to the banks.

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Morganton Company makes one product and it provided the following information to help prepare the master budget: The budgeted se

pishuonlain [190]

Answer:

Estimated cost of goods sold $ 3,964,800

Gross Margin $ 991,200

Explanation:

Estimated sales units and sales revenue

June 8,800 units

July 19,000 units

August 21,000 units

September 22,000 units

Total estimated sales 70,800 units

Sales price per unit $ 70

Total Sales Revenue $ 70 * 70,800 units = $ 4,956,000

Computation of cost of goods sold

Direct Material

5 pounds * 70,800 units * $ 2.40 per pound $ 849,600

Direct Labor

2 labor hours * 70,800 units * $ 12 per hour $ 1,699,200

Variable Manufacturing Overhead

$ 10 * 70,800 units * 2 labor hours <u>$ 1,416,000</u>

Cost of goods sold $3,964,800

Computation of gross margin

Sales Revenue $ 4,956,000

Cost of goods sold <u>$ 3, 964,800</u>

Gross Margin $ 991,200

3 0

3 years ago

Common stock holders: Group of answer choices have one vote in the election of how the company operates. are last in line to rec

enot [183]

Answer:

are last in line to receive income.

Explanation:

Common stock holders are referred to as the owners of the company. They own shares that gives them the right to vote in a company's general meeting, receive dividends, and they have the right to get newly issued shares in the company before others.

However they are also called unsecured creditors of the company because when the business makes income they are the last in line to receive dividends if any remains.

Also in the case of bankruptcy preference share holders and other creditors are paid first. Common share holders are paid last.

5 0

2 years ago

______ are typically a function of the performance of the organization and are less dependent on the perceived performance of th

iragen [17]

Answer:

A. Bonuses

Explanation:

A bonus is a type of compensatory amount given to the employees as a form of appreciation. The performance of the employees are considered and the bonus is provided to them based on their contribution. These are mainly provided on special occasions, especially when a sound revenue is generated in the company. Giving a bonus to the employees helps in building a bond among the employee and the company.

7 0

3 years ago

The name for computations that allow you to determine how much money to deposit now to earn a desired amount in the future is

nydimaria [60]

Answer:

Future value

Explanation:

The name for computation that allows you to determine how much money to deposit now to earn a desired amount in the future is "Future value." Future value is the equivalent of an asset at a particular date. It estimates specific nominal future sum of cash that an invested sum of money is "worth" at a stipulated period in the future considering a specific interest rate, or more commonly, rate of interest; it is the immediate price multiplied by the aggregation function.

5 0

3 years ago

1. La medicina tradicional consiste en un conjunto de antiguos conocimientos escritos por nuestros antepasados. cierto / falso 2

Readme [11.4K]

Answer:

1-True

2-False

3-True

4-False

5-True

6-True

Explanation:

1-Since traditional medicine is defined as the sum of knowledge, techniques and practices based on the theories, beliefs and experiences of different cultures, and that are needed to maintain health, both physical and mental health

2- Traditional medicine is a central component of culture, where the art of healing is a product of oral tradition and ancestral wealth, where both the saber accumulated around physical, mental and spiritual care, as well as the mediation of nature, its products, elements, spaces and spirits. Traditional medicine is the conjunction of knowledge and practices related to mother nature and its healing components.

3-Falling in love is the result of the activity of 12 areas of the brain working together, increasing the production of dopamine, which helps regular emotional responses, and oxytocin, which creates feelings of trust and reduces anxiety. People in love who suffer from having a lower blood pressure, possibly due to hormones that are produced by touch where the immune system also intervenes.

4-It is the opposite, the complaint can cause tiredness and exhaustion, especially when symptoms such as joint pain, runny nose and headache begin to appear. This may be forced because the immune system must use much of the energy in the fight against the flu virus.

5-The clean methods one of the procedures that are part of the healing rituals of traditional medicine. This concept is related to the notion of disease and the causes they produce. One of the ways of cleaning is as a form of prevention.

6-Since the doctor with a clinical diagnosis will be the one who determines the type of disease and the medications to treat it.

7 0

3 years ago