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Levart [38]
3 years ago
15

How is a credit union different from a retail bank

Business
2 answers:
a_sh-v [17]3 years ago
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]3 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.

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Ten years ago, Stigler Company issued $100 par value preferred stock yielding 6%. The preferred stock is now selling for $102 pe
Alik [6]

Answer:

Current Yield = 0.05882 or 5.882% rounded off to 5.88%

Explanation:

A current yield refers to the annual return that a security provides based on the interest or dividend payments it makes expressed as a percentage of it current price. Thus, the current yield on preferred stock can be calculated as follow,

Current Yield - Preferred stock = Dividend per year / Current price

Dividend per year =  100 * 0.06 = $6 per year

Current Yield = 6 / 102

Current Yield = 0.05882 or 5.882% rounded off to 5.88%

4 0
3 years ago
Which of the following is an example of a basic requirement for a fulfilling career?
jekas [21]
The best and most correct answer among the choices provided by your question is the fourth choice or letter D.

<span>An example of a basic requirement for a fulfilling career is grabbing opportunities to learn and grow.</span>

I hope my answer has come to your help. Thank you for posting your question here in Brainly. We hope to answer more of your questions and inquiries soon. Have a nice day ahead!
6 0
3 years ago
Why is cvp analysis more difficult when using absorption costing than when using variable costing?.
laiz [17]

CVP analysis is more difficult because its requires costs to be broken down between variable and fixed which is not done in absorption costing.

<h3>What is a CVP analysis?</h3>

This is an analysis that find out how changes in the firm's variable and fixed costs affect the firm's profit.

Hence, the analysis is difficult when using absorption costing than when using variable costing because its requires costs to be broken down between variable and fixed which is not done in absorption costing.

Read more about CVP analysis

<em>brainly.com/question/26654564</em>

4 0
2 years ago
Which of the following is a part of applying for a loan?
nlexa [21]

answer:

a good credit score :)

explanation:

lol well u need to then pay the money back and u do need a good credit score bc if u dont then then they cant trust you and they don't believe you will the money back.

8 0
3 years ago
Ryland, an officer for Sports Park, Inc., attempts to apply a duty-based approach to ethical reasoning in conflicts that occur o
saul85 [17]

Answer: The correct answer is B; <em>avoid unethical behavior regardless of the consequences. </em>

Explanation:

When a person uses unethical behavior and doesn't care about the consequences, the person can lose their job. They may also lose all credibility in their community. An employer can lose many things because of this behavior including morale, also credibility, and lose money. By avoiding this behavior, Ryland is doing the right thing even though he may make someone upset.

3 0
3 years ago
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