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Grace [21]
3 years ago
6

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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Ben attended a workshop hosted by SCORE, a SBA organization that counsels small-business owners on developing a good vision stat
Zielflug [23.3K]

Answer:

what the company wants to become, and its long-term direction and strategic intent

Explanation:

Vision statement is a long term road map of the direction a business needs to take in order to achieve its set goals and objectives. It usually undergoes little revision.

However the short term operational processes are constantly reviewed to make the business better align with long term goals as stated in the vision statement.

In this scenario where the vision statement of small businesses are being formulated the speakers will discuss what the company wants to become, and its long-term direction and strategic intent

8 0
3 years ago
On December 30, Year 12, AGH, Inc. purchased a machine from Grant Corp. inexchange for a zero-interest-bearing note requiring ei
andrey2020 [161]

Answer:

$329,840

Explanation:

Calculation to determine the net note payable to Grant

Net note payable to Grant=$70,000 × 4.712

Net note payable to Grant= $329,840

OR

Net note payable to Grant= ($70,000 × 5.712) – $70,000

Net note payable to Grant= $329,840

Therefore On AGH's December 31, 2017 balance sheet, the net note payable to Grant is:$329,840

6 0
3 years ago
uppose that Jack and Sophia and Hal enter into an agreement for the sale of the business without the non-competition agreement.
VladimirAG [237]
Jack up truck bought it to the safe do what you want
3 0
3 years ago
Camille's Creations and Julia's Jewels both sell beads in a competitive market. If at the market price of $5 both are running ou
Marina CMI [18]

Answer:

A.

Explanation:

7 0
3 years ago
1. Spring Fresh produces premium bottled water. Fresh Spring purchases artesian​ water, stores the water in large​ tanks, and th
allochka39001 [22]

Answer:

A. $45,950

B. $0.84 per liter.

Explanation:

A. February conversion costs in the Filtration Department:

= Direct labor costs(Wages of workers operating filtration equipment) + Manufacturing overhead allocated to filtration

= $25,950 + $20,000

= $45,950

B. Filtration Department completely processed 150,000 liters in February.

Total cost incurred:

= Direct labor costs + Manufacturing overhead allocated to filtration + Water

= $25,950 + $20,000 + $80,000

= $125,950

Filtration cost per liter:

= Total cost incurred ÷ Total units processed

= $125,950 ÷ 150,000

= $0.84 per liter.

7 0
3 years ago
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