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4 years ago

Banks work to earn a profit by selling financial services Group of answer choices True or false?

Business

1 answer:

insens350 [35]4 years ago

5 0

Answer:

True

Explanation:

Financial services are the activities rendered by any financial institution such as the banks to their customers. Most of the services are done at a fee that makes the main source of revenue for banks. The revenue is spent to pay the overall expenses of the bank. If the expenses are lower than the revenue, a bank makes profit. If expenses exceed revenue, a bank makes loss which is not mostly the case. Therefore, it is true to say that banks work to earn a profit by selling financial services.

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An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended June 30, 2017 I

SSSSS [86.1K]

Answer:

cost of goods manufactured schedule

Raw Materials ($9,180 + $55,020 - $17,480) $46,720

Direct Labor $51,740

Manufacturing overheads :

indirect labor $6,510

factory insurance $4,700

machinery depreciation $4,380

machinery repairs $1,990

factory utilities $3,740

miscellaneous factory costs $1,980

Add Opening Work In Process $5,670

Less Closing Work In Process ($7,610)

Cost of goods manufactured $119,800

Explanation:

Cost of goods manufactured schedule shows a summary of results (cost) obtained from manufacturing activity during the production period.

7 0

3 years ago

Two firms with identical capital intensity ratios are generating the same amount of sales. However, Firm A is operating at full

Gemiola [76]

Answer:

True

Explanation:

Firm A is operating at full capacity, if its sales keep increasing, then t will need to invest to expand its production capacity. Since firm B is operating below full capacity level, if its sales keep increasing it will have some spare production capacity it can use before operating at full capacity.

Therefore firm A will need to invest in an expansion of its production capacity while firm B can keep operating without new investments.

7 0

3 years ago

The simple case of a fixed per-unit tax is indicative of more complicated ones. consider a proportional sales tax and a progress

mars1129 [50]

The tax revenues and quantities produced compare in these various cases in a way of the said proportional tax. The proportional tax is a type of tax processes and system that need the percentage of equal value and it came from the people who pay tax.

8 0

4 years ago

Arianna just made another fantastic investment: She purchased 400 shares in Great Gains Corporation for $20.0920.09 per share.

Gwar [14]

Answer:

1. Likely the price of the stock either goes up or falls

2. There is no need for a stop loss order in this scenario.

3. 5412541.2

Explanation:

1. Stock market prices are often unstable, prices can be up today, the next day they are low.

2. Arianna has already made over 100% profit from the stock since she purchased at a good low price, yesterday's stock close price was still profit for her.

3. A 10% Stop loss price would have been the idea order price rather than the $53.7353.73.

4. Remember Stop loss order are meant to reduce or minimize the loss of investor or trader, a calculated level of should be carefully decided.

8 0

3 years ago

Carlos recognizes that if he visits his aunt on Saturday, he'll miss his brother's football game. The economic principle best em

mr Goodwill [35]

Answer: Opportunity cost

Explanation:

The economic principle best embodied by this story is the opportunity cost. Opportunity cost is the cost of what one forgoes when one takes an alternative decision.

In this case, the opportunity cost of him visiting his aunt will be the lost opportunity which he could have used to watch his brother play.

3 0

3 years ago