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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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Inacio Corporation uses the weighted-average method in its process costing system. Data concerning the first processing departme
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Answer:

Option D , $15.12

Explanation:

Weighted-average method :

Materials

Units transferred to the next department = 10,300

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Equivalent units of production  =10,300+1080= 11,380

Materials

Cost of beginning work in process inventory= $2,700

Costs added during the period  = $173,900

Total cost (a)  =$173,900+$2,700 = $176,600

Equivalent units of production (b)= 11,380

Cost per equivalent unit (a) ÷ (b) = $15.51

The cost per equivalent unit for materials for the month in the first processing department is closest to $15.51

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3 years ago
Which factors influence changes in consumer demand?
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There are a lot of factors that might be the cause of the change of consumer demands. 
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2 years ago
The following lists are nations with mixed economies. In which list is the free market most dominant?. . A. France, Canada, Sout
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8. Joe Davola planned to begin saving for his retirement starting next month. Joe’s plan was to invest $450 per month, starting
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