All categories

3 years ago

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

Business

1 answer:

insens350 [35]3 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.

You might be interested in

Farah is one of a handful of permanent employees at an e-retailing company that has little to no formal structure. Depending on

Lera25 [3.4K]

Answer:

virtual organization

Explanation:

A virtual organization is a type of organization that has employees situated in several geographical locations, either on a temporary or permanent basis, who carry out its several production functions, and are usually dependent on electronic means of communication and executing production. A virtual organization really do not have any real formal structure. One of the major advantages of such organization is that it is cost saving.

Farah’s company is an example of a virtual organization.

3 0

3 years ago

A suburban specialty restaurant has developed a single drive-thru window. Customers order, pay, and pick up their food at the sa

andrew11 [14]

Solution :

The average number of the arrivals, λ = 6 per hour

Average service rate, $\mu = \frac{60 \times 2}{15}$

= 8

Average number of the customers in the system is given by,

$= \frac{\lambda}{\mu - \lambda }$

$= \frac{6}{8 - 6 }$

= 3

Average number of the customers that are waiting in the line behind the person who are being served is,

$=\frac{\left(\frac{\lambda}{\mu}\right)^2}{1-\frac{\lambda}{\mu}}$

$=\frac{\left(\frac{6}{8}\right)^2}{1-\frac{6}{8}}$

$=\frac{(0.75)^2 }{0.25}$

= 2.25

Proportion of the time the server is busy,

$=\frac{\lambda}{\mu}$

$=\frac{6}{8}$

= 0.75

7 0

3 years ago

Haulsee Inc. pays no dividend currently but is expected to start paying a small dividend next year. The 5-year-old firm has a be

wlad13 [49]

Answer:

17.10%

Explanation:

The computation of the cost of equity is shown below:

In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below

Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

= 6.10% + 1.25 × 8.8%

= 6.10% + 11%

= 17.10%

The (Market rate of return - Risk-free rate of return) is also known as market risk premium and the same is applied.

All other information which is given is not relevant. Hence, ignored it

8 0

3 years ago

How do you start an organization?

Zielflug [23.3K]

For a Profit Organization:

1. Select the best business structure which favors you in taxes and protect. Such as corporation, limited liability company, sole proprietorship, general partnership, limited partnerships or a professional incorporation.

2. Decide the name you want to use to advertise your business.

3. Register company name with the state, county and the federal if applicable.

4. Check licensing requirements with the city county, city, state and federal.

5. Open a bank account

6. Advertising and Marketing

For a Non Profit Organization:

1. There are two types of non profit organizations religious and good cause.

2. It has to be registered wither with the state or county, depending upon the structure and the state you want to incorporate.

3. Apply with the federal to obtain a tax exempt status, so that your donors can claim donations on their tax returns.

4. Open a bank account

5. Delegate duties what you have mentioned in the article you submitted to the Internal Revenue Service.

8 0

3 years ago

The best business portfolio is the one that ________.

KengaRu [80]

Answer:

The correct answer to the following question is option B, which is best fits the company's strengths and weaknesses to opportunities in the environment.

Explanation:

The contributing and the collecting of services and the products which are provided by the company. Many of the businesses and the companies will busy in business portfolio analysis as their section of their strategic planning.

Business portfolio is important because it demonstrates your skills and it increases your building trust which means when he or she sees your quality work and it can develop the trust about your business and also it helps in minimizing keep rejection of our services and the product.

6 0

3 years ago