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3 years ago

Why are banks willing to lend funds to people?

Business

2 answers:

Ulleksa [173]3 years ago

6 0

So they can make interest on the money owed

padilas [110]3 years ago

4 0

Because interest income is usually the largest component of a bank's income, specifically for a commercial bank. (Investment banks earn more from fees and trading.)

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Compared with supermarkets, the product mix for vending machines is: __________.

Vlada [557]

Answer:

d. shallower and narrower

Explanation:

Product width basically refers to how many different product lines are sold, and obviously a supermarket sells hundreds of product line, while a vending machine generally sells soft drinks or snacks, which is only 1 product line.

The product depth refers to the amount of products sold, and a supermarket is much larger than a vending machine so it can sell many more products.

7 0

3 years ago

2) A small grocery store sells fresh produce that it obtains daily from a local farmer. During the strawberry season, demand for

Eva8 [605]

Answer:

$1.05

Explanation:

Mean is 40 quartz per day

standard deviation is 6 quartz per day

Optimal orders = mean demand + Standard deviation

Optimal order = 40 + 6

= 46 quartz per day

$0.35 * 2.84 * 49 / 46

= $1.05

8 0

2 years ago

Most people buy a house with cash. True False

Mnenie [13.5K]

The answer would be False

6 0

2 years ago

Read 2 more answers

Dollar Co. sold merchandise to Pound Co. on account, $25,500, terms 2/15, net 45. Pound Co. paid the invoice within the discount

aniked [119]

Answer:

$24,990

Explanation:

2/15 net 45 means that if the customer pays within the period of 15 days, he will get the discount of 2% of invoice amount, otherwise he has to pay the whole amount of invoice within the period of 45 days.

In the given scenario, since the Pound Co. has paid the invoice within the discount period, so therefore, the Pound Co. has availed the discount of 2% and accordingly the sales amount shall be recorded as follows:

Sales amount=Invoice amount*98%

=$25,500*98%

=$24,990

8 0

2 years ago

Last year Kruse Corp had $355,000 of assets, $403,000 of sales, $28,250 of net income, and a debt-to-total-assets ratio of 39%.

maksim [4K]

Answer:

It will improve the ROE by 5.29% to 18.34% from 13.05%

Explanation:

current values

assets 355,000

sales 403,000

net income 28,250

debt to assets = 39%

debt = assets x 39% = 355,00 x .39 = 138,450

equity = assets - debt = 355,000 - 138,450 = 216,550

Current ROE

net income / own funds (equity)

28,250/216,500 = 0,1304849 = 13.05%

With the proposition of reducing assets to 252,500

debt = assets x 39% = 252,500 x .39 = 98,475

equity = assets - debt = 252,500 - 98,475 = 154,025‬

proposition expected ROE

28,250/154,025 = 0,183411783 = 18.34%

Change in ROE 18.34 - 13.05 = 5.29

6 0

3 years ago