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3 years ago

Lupe is a student who wants to open a bank account. Which type of bank is most likely the best option for her needs?

Business

2 answers:

kati45 [8]3 years ago

6 0

I believe the answer is: A. a retail bank

Retail bank is the type of bank that focus on serving personal customers for their daily needs.

- Saving and loans usually serve the customers who want to obtain loan to fund their business.

- Commercial bank usually used by someone who are guidance to manage their finance

- Investment bank facilitates the purchase of various investment products (such as stocks and bonds)

trasher [3.6K]3 years ago

3 0

The answer at edge-nuity is: A. a retail bank

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Beginning Work in Process Inventory was 10,000 units that were 20% complete and 40,000 units started, with ending Work in Proces

lesya692 [45]

Answer:

Material EUP = 5000

Conversion Costs EUP = 51,200

Explanation:

Under weighted average method

Beginning Work in Process Inventory 10,000

Units Started = 40,000

Units to account for 50,000

In the Work In Process for Conversion Costs

Beginning Work In Process (10,000*20 %) = 2000 were complete

Work done on beginning inventory = 10,000- 2,000= 8,000

Units Started = 40,000

Add Ending Inventory (8000*40%) 3200

Units to account for = 51,200

5 0

3 years ago

Frankenstein Enterprises received two notes from customers for sales that Frankenstein made in 2021. The notes included: Note A:

Brums [2.3K]

Answer:

9.17%

Explanation:

Interest on Note B = $227,000 * 8% * 6/12

Interest on Note B = $9,080

Remaining Interest = $16,300 - $9,080 = $7,220

Annual Interest Rate = $7,220 / $135,000 * 12/7

Annual Interest Rate = 0.0916825397

Annual Interest Rate = 9.16825397

Annual Interest Rate = 9.17%

8 0

3 years ago

You want to be a venture capitalist (you have a lot of money to invest in other business that needed money) and recently identif

vfiekz [6]

Answer:

Invest money yourself and start a small venture capital company.

Explanation:

Venture capital is business financing strategy for startups which require high investments but also have high risk. The returns for such business is also high due to the risk exposure. These business have potential to grow beyond expectations. The investments is made by a person in the company to give it rise because of its long term growth potential. The solar power generation have trend that is gaining significance so investing in such a business is intelligent move.

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2 years ago

Chandra sues Martin for breach of contract. Both parties have completed discovery. Chandra now wants her attorney to file a mo

Vlada [557]

Answer:

Chandra should request her attorney to file a motion for summary judgement because both parties have past the pleading stage of litigation and they both have also completed discovery. Since enough evidence was gathered during discovery, then Chandra is entitled to judgement.

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3 years ago

Concord Company had bonds outstanding with a maturity value of $311,000. On April 30, 2017, when these bonds had an unamortized

Dmitrij [34]

Answer:

Redemption of Old Bonds

4-30-17 Bonds Payable $311000 Dr

Loss on Bond Redemption $26550 Dr

Discount on Bonds Payable $11000 Cr

Cash $326550 Cr

Issuance of New Bonds

3-30-17 Cash $314110 Dr

Premium on Bonds Payable $3110 Cr

Bonds Payable $311000 Cr

Explanation:

Redemption of Bonds Payable

The maturity value for bonds payable is equal to the face value of these bonds. This means that the face value of old bonds was $311000.

The bonds were carrying a discount. Thus, the carrying value of bonds was

Carrying value = Face value - Discount

Carrying value = 311000 - 11000 = $300000

Bonds with a carrying value of $300000 were redeemed at 105% of the face value. The cash paid for redemption is,

Cash paid = 311000 * 105% = 326550

Thus, there was a loss on redemption of = 326550 - 300000 = $26550

Issuance of Bonds Payable

The bonds were issued at 101% of the face value which means they were issued at a premium.

The amount of premium on these bonds is,

Premium = Carrying value - Face value

Premium = 311000 * 101% - 311000

Premium = $3110

3 0

3 years ago