Answer:
B. Joint Stock Company
Explanation:
A few information provided in the question give good clues to the kind of business organisation being run. First, it is a business held in the names of its members, secondly, they are shareholders and thirdly, they hold personal liabilities in the business. This are features of a Joint Stock Company
A Joint Stock company is a business organisation is a vouluntary association of persons, where the capital is divided into transferable shares and these are the basis and condition of membership of the business organisation. The purpose of this organisation is primarily profit making.
A key feature of a Joint Stock Company is also featured in the question and this is the personal liability or liability limited to the member's share or ownership in the business organisation
Although this can be confused with the Joint Venture, a joint venture is simply an agreement betwen two organisations to come together to carry on business with pre-agreed rate of shareholding.
A Syndicate on the other hand is a group of companies, individuals or coroporations self-organised to carry out a specific business or pursue a shared interest.
Finally, a business trust is one in which there are investors and trustees. The investors receive certificates of beneficial interests which are transferable while the trustees adminster the business on behalf of the investors.
The correct answer is; Offer the customer some literature about the product to take with them.
Further Explanation:
If the customer is already using a product that your bank is offering, you can give them some literature such as pamphlets explaining your banks product. It will depend on your banks policy on giving out information to non-customers.
The information that you give the possible customer should include prices and any perks that they may receive for changing banks. In addition to giving the person literature, you can offer to explain your product in more details and the reasons why they should change banks.
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Answer:
Explanation:
Depreciation cost :
2016: <u> expected useful life</u>
Cost - salvage value X usage
= <u>140,000</u>
24,300-700
=5.93*28,000 = $166,101.69
2017: <u>expected useful life</u>
Cost - salvage value X usage
= <u>140,000</u>
24,300-700
=5.93*33,000 = $195,762.71
Depreciation Expense:
2016:<u> (cost-salvage value)*actual activity performed</u>
total estimated useful life
= <u>(24,300-700)*28,000</u>
140,000
=$4,720
2017: <u>(cost-salvage value)*actual activity performed</u>
total estimated useful life
= <u>(24,300-700)*33,000</u>
140,000
=$5,562.86
Productive resources are factors that are used to make goods and services