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4 years ago

Methods that FNB can use to compete with other bankes in SA

1 answer:

8 0

The Methods that FNB can use to compete with other banks are :

- Utilizing their banking technology in order to achieve maximum efficiency
- by Acquiring profitable subsidiaries that exist in South Africa
- by lowering their interest rates to attract more people that wanted to find some capital injection

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Problems and Applications Q8 There are four consumers willing to pay the following amounts for haircuts, and there are four hair

romanna [79]

Answer:

For efficiency, 3 haircuts should be given.

Only three haircuts should be given because only 3 firms have costs that are lower than the customer whose hair they are to cut.

Firm A's cost is less than Kyoto's willingness to pay so Firm A can cut.

Firm B's cost is more than Rina's willingness to pay so Firm B should not cut.

Firm C's cost is less than Jacques's willingness to pay so Firm C can cut.

Firm D's cost is less than Musashi's willingness to pay so Firm D can cut.

That makes only 3 firms that can cut therefore 3 haircuts.

The business that should cut as shown above are:

Firm A
Firm C
Firm D.

8 0

3 years ago

What are 2 examples of variable expenses?

Igoryamba

Credit card fees. Direct materials. Piece rate labor. Production supplies. Billable staff wages. Commissions. Freight out.

3 0

4 years ago

When you make a mistake in paint, you can reverse up to your last ______ actions?

Juli2301 [7.4K]

Stroke action i believe

6 0

3 years ago

One family earned an income of $28,000 in 1990. Over the next five years, their income increased by 15%, while the CPI increased

Andru [333]

Answer:

One family earned an income of $28,000 in 1990. Over the next five years, their income increased by 15%, while the CPI increased by 12%. After five years, this family's nominal income increased to $56,318.00  ,and their real income  increased to $31,956.35 .

Explanation:

The nominal income will grow at a rate of 15%, per year during five years. Then, the growing factor is g = 1 +15% = 1 + 0.15 = 1.15.

That means that $28,000 will muliply five times by 1.15:

$28,000 × 1.15 × 1.15 × 1.15 × 1.15 × 1.15 = $28,000 × (1.15)⁵

$28,000 × 2.011 = $56,318.00

The CPI increased by 12% during the same period. Thus, the CPI after 5 years will be multiplied by 1.12⁵≈ 1.762

The real income, referred to 1990 will be $28,000 × (1.15)⁵ / (1.12)⁵ ≈ $28,000 × 1.1413 ≈ $31,956.35

Then, you can complete the text with:

One family earned an income of $28,000 in 1990. Over the next five years, their income increased by 15%, while the CPI increased by 12%. After five years, this family's nominal income increased to $ 56,318.00 ,and their real income increased to $31,956.35 .

As long as the rate at which the income increases is higher than the rate at which the CPI increases, the real income increases.

5 0

4 years ago

Two of the three primary account classifications within shareholders' equity are:

Sedbober [7]

Answer:

C. Paid-in capital and retained earnings.

Explanation:

The primary account classifications are the paid-in capital and retained earning.

Paid-in capital includes the par cost of shares and the premium paid on it.

Retained earning are the accumulated earning from the operating activities of the firm.

Preferred stock is not one of the main accounts as this can be interpreted as a liability in contrast to being the part of shareholders equity.

Option B on the other hand skips the premium or additional paid-in capital.

Hope that helps.

3 0

4 years ago