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4 years ago

All financial institutions offer the same products and services of consumers. True or False

Business

2 answers:

Irina18 [472]4 years ago

5 0

The correct answer is False

Explanation:

Financial institutions include institutions such as banks, insurance companies, credit unions or investment banks that offer financial services this includes loans, deposit accounts, mortgage loans, credit cards, etc. Due to the number of both services and financial institutions not all financial institutions are the same as some offer only certain services and products to specific consumers or clients. For example, in the case of credit unions, these offer mainly loans or credits and this is only possible if one is a member of the union. Therefore, it is false all financial institutions offer the same products and services of costumer because each financial institution is particular.

bixtya [17]4 years ago

3 0

The answer is False

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The difference between revenue and cost of goods sold is called:

Sphinxa [80]

Answer:

gross profit

Explanation:

Revenue is the income gained through the sales of goods and services to customers. It is the money received from customers when they buy from a business.

Costs of goods sold are the expenses incurred in producing goods meant for sales. It is composed of the direct cost of the manufacturing process. Costs of goods sold include direct materials, direct labor costs, and direct overhead costs.

Gross profit is equal to sales minus direct costs. Revenue is the same as sales, and direct costs are similar to the costs of goods sold. Therefore, revenue minus costs of goods sold is equal to gross profit.

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3 years ago

to be well-capitalized, a bank must have a leverage ratio of at least percent, tier i capital to credit risk-adjusted asset rati

kvasek [131]

To be well-capitalized, a bank must have a leverage ratio of at least 5 percent, Tier I capital to credit risk-adjusted asset ratio of at least 8 percent, and a total risk-based capital ratio of at least 10 percent.

A factory and its equipment, intellectual property such patents, or even the financial assets of the company or a person are all specific examples that provide benefit to their owners and fall within the broad definition of capital.

While money in and of itself could be considered capital, the term is more frequently used to refer to money that is being used for investments or productive purposes. For generally, capital is the most important component of managing a firm day-to-day and funding its expansion in the future. Business capital may arise from the performance of the organization or to be raised through debt and equity financing finance.

Learn more about capital here:

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1 year ago

Please help I will mark brainliest

lesantik [10]

Fashion finance jobs focus on the business side of fashion, especially as it relates to product sales. In this role, you may help manage a relationship with buyer or vendor accounts. You also support the overall budget of your corporation by ensuring positive cash flow and help evaluate the financial value of each type of merchandise your company releases. Many details of this position depend on the company. For example, some fashion companies are global, so people in financial positions may have to coordinate information and activities across many parts of the world. This job is generally similar to financial positions in most other industries.

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3 years ago

Elite Trailer Parks has an operating profit of $251,000. Interest expense for the year was $33,900; preferred dividends paid wer

Liula [17]

Answer:

EBIT = $251,000

interest expense = $33,900

taxes = $68,100

net income = $251,000 - $33,900 - $68,100 = $149,000

preferred dividends = $30,100

total stocks outstanding = 25,700

common dividends = $44,700

a) EPS = (net income - preferred dividends) / outstanding common stocks = ($149,000 - $30,100) / 25,700 = $4.63 per share

commons dividends per share = common dividends / outstanding common stocks = $44,700 / 25,700 = $1.74

b) retained earnings increase = net income - preferred dividends - common dividends = $149,000 - $30,100 - $44,700 = $74,200

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3 years ago

When Jerry started his small appliance manufacturing company in the 1950s, every component part was made in the USA and the prod

Katen [24]

Answer:

Globalization of production

Explanation:

Globalization of production talks about economic globalisation, it is a means of integrating national economy into international economy via capital flow, trade, foreign direct investment etc.

One of the advantage of Globalization of production is that it helps to raise incentives for production in regions with low cost.

4 0

3 years ago

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