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3 years ago

How is a credit union different from a retail bank?

Business

2 answers:

astraxan [27]3 years ago

8 0

A credit union is a nonprofit entity,and a retail bank is a for-profit entity

APEX

Natali5045456 [20]3 years ago

4 0

Credit unions are non-profit financial corporations, while banks have a declared earnings paid and stockholders. Have a GREAT day!!!! :)

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Average Rate of Return—New Product Micro Tek Inc. is considering an investment in new equipment that will be used to manufacture

VladimirAG [237]

Answer:

155%

Explanation:

The computation of Average rate of return is shown below:-

Annual operating income = Sales - Manufacturing cost

= (4,000 × $450) - (4,000 × $264)

= $744,000

Average investment = (Initial cost + Residual value) ÷ 2

= ($940,000 + $20,000) ÷ 2

= $480,000

Average rate of return = Average annual operating income ÷ Average investment

= $744,000 ÷ $480,000

= 155%

4 0

4 years ago

Every time andres raises his hand, he receives one point. "raising his hand" is considered the:

Vadim26 [7]

In an experiment, raising his hand would be the dependent variable.

5 0

4 years ago

Radiant Industries sales budget shows quarterly sales for the next year as follows: Quarter 1dash15 comma 000; Quarter 2dash13

Artemon [7]

Answer:

Total= 13,800 units

Explanation:

Giving the following information:

Quarter 1: 15,000 units

Quarter 2: 13,000

Quarter 3: 17,000

Company policy is to have a target finished-goods inventory at the end of each quarter equal to 20 % of the next quarter's sales.

2nd Quarter production:

Sales= 13,000

Ending balance= 17,000*0.20= 3,400

Beginning balance= 13,000*0.2= (2,600)

Total= 13,800 units

7 0

3 years ago

In today's business environment, firms that truly focus on customers must instill a corporate culture that places customers and

kumpel [21]

Answer:

Relationships; Competition.

Explanation:

In today's business environment, firms that truly focus on customers must instill a corporate culture that places customers and other stakeholders at the top of the organizational hierarchy. when this occurs, the firm shifts its focus from transactions to relationships, and from competitions to collaboration.

Customer are considered to be king in the current open market condition, where seller are trying every bit to attract more and more customer. When a firm possesses capabilities that allow it to serve customers' needs better than the competition, the firm is said to have competitive advantage, however, this lead to shift of focus from transaction to relation building with customer to gain profit in long run and it does not focus only on competition but look for collaboration with customer to gain competitive advantage for future.

4 0

3 years ago

On September 12, Vander Company sold merchandise in the amount of $8,600 to Jepson Company, with credit terms of 2/10, n/30. The

Mumz [18]

Answer:

The journal entry that Jepson makes on September 18 is:

Account Payable ; Vander Company $8,600 (debit)

Discount Received $172(credit)

Cash $8,428 (credit)

Explanation:

When Vander Company sales to Jepson Company, the following entries will be recorded :

Cost of Sales $5,400 (debit)

Account Receivable : Jepson Company $8,600 (debit)

Merchandise $5,400 (credit)

Sales Revenue $8,600 (credit)

When Jepson pays the invoice on September 18, they settle their account within the discount period and is granted a Cash discount of 2%.

The Entry to be made is as follows in Vander Company :

Cash $8,428 (debit)

Discount Allowed $172 (debit)

Account Receivable : Jepson Company $8,600 (credit)

The Entry to be made is as follows in Jepson Company :

Account Payable ; Vander Company $8,600 (debit)

Discount Received $172(credit)

Cash $8,428 (credit)

Conclusion :

The journal entry that Jepson makes on September 18 is:

Account Payable ; Vander Company $8,600 (debit)

Discount Received $172(credit)

Cash $8,428 (credit)

7 0

3 years ago