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3 years ago

What is a benefit of online banking

Business

2 answers:

natulia [17]3 years ago

5 0

The answer is: No set business hours

Normal Banks has a limited service hours (usually start on 09.00 am until 05.00 pm). Those who come outside this hours would not be able to use the bank's service. Online banking on the other hand can be use 24/7 since its utilized automated programs to conduct the services.

liberstina [14]3 years ago

3 0

A benefit of online banking is that you can check your account activity anywhere you're at and when ever you want with out having to go personally to the bank. online banking is available 24/7
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After 1989, Donna purchased series EE savings bonds for $2,500 at the age of 25. This year she redeemed the bonds for $5,000 and

Orlov [11]

Answer:

$1,000

Explanation:

Donna purchased series of savings bond for $2,500 at the age of 25

This year Donna redeemed the bond of $5,000

She paid $3,000 as expenses for her daughter education

The first step is the calculate the interest income

= $3,000/$5,000 × $2,500

= 0.6 × $2500

= $1,500

Therefore the interest that will be required by Donna to include in her gross income this year can be calculated as follows

= $2,500-$1,500

= $1,000

Hence Donna is required to include an interest of $1,000 in her gross income this year

3 0

3 years ago

In your own words....

Amiraneli [1.4K]

Answer:

Explanation:

What is a service business? Give an example of one

Examples of service businesses include companies engaged in transport, food service, distribution, retail, and other industries that sell services rather than products. These intangibles provide the primary revenue source for service businesses.

3 0

2 years ago

Which of the following best describes the purpose of raising and lowering the

Alex787 [66]

Answer:

It is used by Fed to manage the economy by increasing or decreasing the amount of loans being made

Explanation:

The Fed decides on required reserve ratio for the banks and other financial institutions; t can lower or raise it. Reserve ratio is the portion of all the money that bank are required to sets aside and hold onto; this means they are not allowed to lend that out to borrowers. This is a technique that is used to control the supply of money in the economy. By decreasing this ratio, banks will have more money to lend out and vice versa.

3 0

3 years ago

Read 2 more answers

The Silver Center (TSC) produces cups and platters. TSC purchases silver and other metals that are processed into silver alloy t

MatroZZZ [7]

Answer: Income earned for cups = $1,000

Explanation:

Given:

Materials cost = $40,000

Labor cost = $44,000

Remixing cost amount to $2,000

TSC sold the platters for $100,000 and the cups for $12,000

There will be a decrease in net income due to non-selling of cups

= $12,000 - $2,000

= $10,000.

Thus, the Company's total income will decrease by $10,000 if it stops making and selling cups.

Joint cost allocated to cups

= (40,000 + 44,000)×12,000 ÷ (100,000 + 12,000)

= $9,000

∴

Income earned for cups

= $12,000 - $2,000 - $9,000

= $1,000

7 0

3 years ago

Small businesses that are just getting off the ground often have problems with the difference between cash coming into the busin

faust18 [17]

Answer:

d) <u>cash flow</u>

Explanation:

Small businesses are characterized by limited scale of operations and small quantum of revenues. Thus, small businesses in their initial stages have to deal with the common problem of shortage of funds owing to delay in receipts from debtors owing to relaxed credit terms.

The receipts are not received on time while the expenses accumulate which leads to a situation of cash crunch wherein it gets difficult to meet expenses and liabilities.

Thus, to avoid such situations businesses have to consider their credit policies and credit allowing limit so as to ensure enough cash to meet day to day working capital requirements.

This points towards being careful of cash inflows and outflows and efficient management of cash flows, keeping check on receipts and payments to ensure smooth operations.

4 0

3 years ago