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Anna35 [415]
3 years ago
8

How is an online bank different from a retail bank?

Business
2 answers:
puteri [66]3 years ago
6 0
An online bank has a lower operating cost than a retail bank. 
alekssr [168]3 years ago
5 0

As mentioned below, an online bank has lower operating costs over a retail bank. Due to having lower operating costs, the interest rates tend to be better on their savings and checking accounts beause they don't have to use the funds to pay for manning. An online bank also is strickly online, there is no store front to go into and everything is handled on the internet or through a call center.

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What are the five key steps to applying the revenue recognition principle? 2. What are indicators that control has passed from t
LenKa [72]

Answer:

The Five Steps to applying the revenue recognition principle

1. Identify the contract with a customer.

2. Identify the performance obligation(s) in the contract.

3. Determine the transaction price.

4. Allocate the transaction price to the performance obligations.

5. Recognize revenue when (or as) each performance obligation is satisfied.

Indicators that Control has Passed from the Seller to the Buyer

A performance obligation is satisfied at a single point in time when control is transferred to the buyer at a single point in time. This often occurs at delivery. Five key indicators are used to decide whether control of a good or service has passed from the seller to the buyer. The customer is more likely to control a good or service if the customer has:

1. An obligation to pay the seller.

2. Legal title to the asset.

3. Physical possession of the asset.

4. Assumed the risks and rewards of ownership.

5. Accepted the asset.

Under what circumstances can sellers recognize revenue over time

<em>if at least one of the following three criteria is met: </em>

1. The customer consumes the benefit of the seller's work as it is performed,

2. The customer controls the asset as it is created, or

3. The seller is creating an asset that has no alternative use to the seller, and the seller can receive payment for its progress even if the customer cancels the contract.

6 0
3 years ago
Several months ago, a restaurant developed a new appetizer that is a hit with customers. Many customers go to the restaurant jus
grigory [225]

Answer:

The correct answer is True.

Explanation:

To paddle with a single direction and in a single sense, we have defined a process with four phases: the first, identify, communicate and evaluate the skills we want and need in our company; the second, identify training needs to reinforce the desired skills; the third, design and implement individualized intervention plans; and the fourth, evaluate the results of these interventions.

All this, with impeccable communication from management and workers' management, explaining very well that the purpose of the process is to redirect efforts, work in a coherent way and reinforce the skills needed to face the current situation, acting with a shared ethics and making them partakers of the engine of change!

4 0
3 years ago
Which of the following describe the role of an entrepreneur in a capitalist economic system? (Select 2)
cestrela7 [59]

Answer:

  • Someone who combines the factors of production into a business
  • -Someone willing to risk loss and failure for profit.

Explanation:

An entrepreneur is a person who starts and sets up their business.

Characteristics of Entrepreneurs

  • Entrepreneurs have Self-Motivation and effective communication skills.
  • They are natural managers with the capability to motivate, encourage and inspire people in their team.
  • They have Money management and handling skills.
  • They are prepared to take a risk for profit.
  • They take big decisions very carefully.
  • They are confident,creative and Open-Minded.

6 0
2 years ago
Label each scenario below according to the type of financial asset described.
PSYCHO15rus [73]

Answer:

SCENERIO 1=BOND

SCENERIO 2=LOAN

SCENERIO 3=STOCK

SCENERIO 4=SECURITIES WHICH ARE GUARANTEED BY LOANS

SCENERIO 5=LOAN

Explanation:

Bond is a type of loan or a financial instrument through which large corporations or Government Institutions borrow money from the public with the aim of paying with a fixed interest rate in a given period.

A Loan is amount requested by an organisation from a financial institution with the aim of paying back with some percentage of interest over a given period of time.

Stocks are also known as shares which forms parts of a particular Company sold to the public with the aim of raising capital, SHARES OR STOCK HOLDERS HAVE CERTAIN RIGHTS TO DIVIDEND AND VOTING TO REPLACE BIARD NENBERS ETC WHEN THE NEED ARISE IN THE ORGANISATION.

4 0
3 years ago
Assume that the company that John and Tina work for wants to give the $50 million to the political campaigns. Which of the follo
sdas [7]

Answer:

The correct answer is (d)

Explanation:

The first amendment has given political parties the right to speak and do political campaigns, and it had restricted government to stop them. Overall, the first amendment right is protecting political speeches and political campaigns. So, yes the first amendment right has demoted all the limits which restricted political parties to get funds from corporations.

4 0
2 years ago
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