In critical listening, it is important to determine the accuracy of facts.

mestny [16]

Answer:

Banks are owned by shareholders, while credit unions are owned by members

Explanation:

Banks are financial institutions established by the founders to make profits. Due to their capital requirements, banks are large corporations owned by the private sector or government. Like other corporations, the owners of a bank are its shareholders.

Large organizations form credit unions to cater to their employees well being. Credit unions are not for profit organizations since they are formed to cater to its members' well beings. It means membership to the credit union is limited to the founding organization's employees unless otherwise stated. The members of the credit unions are its owners.

8 0

2 years ago

Descriptors are provided below for six situations involving notes receivable being discounted at a bank. In each case, the matur

laiz [17]

Is this a real question just curious

4 0

3 years ago

Read 2 more answers

You purchase both potatoes and gasoline regularly. Your income decreases, and you purchase less gasoline. This means that: Gasol

KIM [24]

Answer:

Gasoline is a normal good

Explanation:

Normal goods are goods that are goods whose demand increases when income increases and falls when income falls

Inferior goods are goods whose demand falls when income rises and increases when income falls.

Because the demand for gasoline falls when income falls, gasoline is a normal good.

I hope my answer helps you

7 0

3 years ago

Suppose the rate of return on short-term government securities (perceived to be risk-free) is about 5%. Suppose also that the ex

Natalka [10]

Answer:

The expected rate of return on the market portfolio is 14%.

Explanation:

The expected rate of return on the market portfolio can be calculated using the following capital asset pricing model (CAPM) formula:

Er = Rf + B[E(Rm) - Rf] ...................... (1)

Where:

Er = Expected rate of return on the market portfolio = ?

Rf = Risk-free rate = 5%

B = Beta = 1

E(Rm) = Market expected rate of return = 14%

Substituting the values into equation (1), we have:

Er = 5 + 1[14 - 5]

Er = 5 + 1[9]

Er = 5 + 9

Er = 14%

Therefore, the expected rate of return on the market portfolio is 14%.

7 0

3 years ago

Wallace Heating is attempting to estimate its costs of manufacturing heating ducts for the coming year using the high-low method

Anna11 [10]

Answer:

Variable Cost per hour is $4.86

Explanation:

given data

Highest Cost = $27,049

Lowest Cost = $19,772

Highest Cost Driver = 4,168 hours

Lowest Cost Driver = 2,672 hours

solution

we get here Variable Cost per hour that is express as

Variable Cost per hour = (Highest Cost - Lowest Cost) ÷ (Highest Cost Driver - Lowest Cost Driver) ......................1

put here value and we get

Variable Cost per hour = $\frac{27049-19772}{4168-2672}$

Variable Cost per hour = $\frac{7277}{1496}$

Variable Cost per hour = 4.86

so Variable Cost per hour is $4.86

5 0

2 years ago