All categories

2 years ago

How is a credit union different from a retail bank

2 answers:

7 0

Credit unions are not-for-profit financial cooperatives. Whose earnings are paid back to members in the form of higher saving rates and lower loan rates.Banks are for profit businesses with earning paid to stockholders only.

klemol [59]2 years ago

7 0

Answer:

Credit union: Nonprofit making institution

Retail bank: profit making institutions

Explanation:

Credit unions are mainly nonprofit making institutions that gives back earnings back to it's members in a form of saving rates.

Retail banks are financial making institutions that gives back its earnings back to customers with accumulated interests.

You might be interested in

If there are two lawyers with similar experience and fees, you should make a decision by _____.

mash [69]

Answer:

If there are two lawyers with similar experience and fees, you should make a decision by asking other lawyers for recommendations.

4 0

3 years ago

Read 2 more answers

Is insurance judgment rating based on

Savatey [412]

Answer:

A judgement rating is an insurance rate that an underwriter assigns to a particular risk based on their subjective evaluation of that risk. Judgement ratings are frequently done on an individual basis and rely heavily on the experience, perception, and talent of the underwriter who makes the final evaluation.

3 0

3 years ago

A company developed the following per-unit standards for its product: 2 gallons of direct materials at $8 per gallon. Last month

Radda [10]

Answer:

$880 favorable

Explanation:

The computation of direct materials price variance for last month is shown below:-

Direct material price variance = Actual quantity × (Standard price - Actual price)

= 2,200 × ($8 - ($16,720 ÷ 2,200)

= 2,200 × ($8 - 7.6)

= 2,200 × $0.4

= $880 Favorable

Therefore for computing the direct materials price variance for last month we simply applied the above formula.

4 0

3 years ago

Pearl Corporation issued 1,700 $1,000 bonds at 103. Each bond was issued with one detachable stock warrant. After issuance, the

arlik [135]

Answer:

Solution as seen below

Explanation:

Bond = 1,700 × $1,000 × 98%

= $1,666,000

Allocation :

Issue price $1,751,000

(1,700 × $1,000 × 103%)

Bonds ( $1,666,000 )

Warrants $85,000

($1,751,000 - $1,666,000)

Bond face value $1,700,000

(1,700 × $1,000)

Allocated FMV ($1,666,000)

Discounts $34,000

($1,700,000 - $1,666,000)

7 0

3 years ago

What significant event took place in Dave Thomas's life in March of 1993?

Shkiper50 [21]

If you are talking about the Wendy's founder, he received his GED in March 1993.

7 0

3 years ago

Read 2 more answers