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2 years ago

Select all the reasons to keep your money in a financial institution.

Business

2 answers:

mr_godi [17]2 years ago

5 0

All of them :) All those reasons.

mrs_skeptik [129]2 years ago

3 0

Answer:

All of them(safety,security,convenience,growth,financial future,cost) is the correct answer.

Explanation:

safety,security,convenience,growth,financial future,cost all the reasons to keep your money in a financial institution.

Financial institutions work as monetary intermediaries and it is needed for basic for prosperity.

A financial institution is the safest place to deposit your funds and it is a public or a private corporation that collects and provides funds and gives financial help.

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The financial analysis component of a business plan is to describe _____.

umka2103 [35]

The financial analysis component of a business plan is to describe the viability, stability and profitability of a business, sub-business or project.
It is an aspect of the overall business finance function which includes the examining historical data to acquire information about the current and future financial health of a company, business or project.

8 0

3 years ago

The balance in accounts receivable at the beginning of 2016 was $600. During 2016, $3,200 of credit sales were recorded. If the

andreyandreev [35.5K]

Answer:

$3,100

Explanation:

Step 1: Draw up the Accounts Receivable Account

Opening Balance $600 Allowance for Doubtful debt $200

Sales $3,200 Cash Collected $3,100

Closing Balance $500

$3,800 $3,800

To calculate the cash collected from customers

first, add the debit side of the accounts receivable which is a sum of the opening balance and sales= 3,800

Secondly, add the figures in the credit side including allowance for doubtful debt and closing balance= $700

Thirdly, Subtract the lesser side from the greater, $3,800 - $700 = $3,100

$3,100 was cash collected from the customers in 2016

8 0

3 years ago

Which of the following is a likely reason that a company would move its facility from one location to another?

Finger [1]

A likely reason that a company would move its facility from one location to another is that they would like to access various modes of transportation, such as boats and/or railroad.

7 0

2 years ago

You purchased two WXO 30 call option contracts at a quoted price of $.35. What is your net gain or loss on this investment if th

tekilochka [14]

Answer: $670

Explanation:

Since the quoted price of $.35, the cost to purchase two WXO 30 call option will be: = $0.35 × 2 = $0.70

Then, the price of RADM 30 call option contract will be calculated as;

= $33.7 - $30

= $3.70

The net gain on one RADM 30 call option will then be:

= $3.70 - $0.35

= $3.35.

Therefore, the net gain on 2 RADM30 call options will be:

= $3.35 × 2

= $6.70

Since there are 100 shares in a option contract, the gain will be:

= $6.70 × 100

= $670

3 0

2 years ago

Butte sold a machine to a machine dealer for $50,000. Butte bought the machine for $55,000 several year ago and has a claimed $1

pishuonlain [190]

Answer:

c. $7,500 ordinary gain

Explanation:

Depreciated value of Machine = $55,000 - $12,500

= $ 42,500

Sale price of Machine = $ 50,000

Gain on sale of Asset = $ 50,000 - $ 42,500

= $ 7,500

Therefore, The amount and character of Butte's gain or loss is $7,500 ordinary gain.

6 0

3 years ago