All categories

3 years ago

How much do credit unions spend on social media annually?

2 answers:

8 0

An analytical study of over more than 100 credit unions in the United States found that credit unions spend over $550 million annually on social media marketing.
This averages to an amount of $9.92-$14.83 spent per member of credit unions. Credit unions spend such high amounts on social media marketing in order to keep up with and maintain their relevance in the present era of digital marketing.

ValentinkaMS [17]3 years ago

4 0

Credit unions of a moderate size should budget 50k towards their digital media. Smaller credit unions should stick to around 10k. The largest credit unions can spend 100k-1m depending on their size.

You might be interested in

Under a just-in-time inventory system, a company can reduce the amount of working capital it needs to finance inventory, freeing

Gennadij [26K]

Answer:

True.

Explanation:

Under a just-in-time inventory system, a company can reduce the amount of working capital it needs to finance inventory, freeing capital for other uses and/or lowering the total capital requirements of the enterprise.

In Business management, Just-in-time (JIT) is an inventory management method used by a company wherein goods, products, components, and labor are made available exactly when needed or just few hours before they are needed in the production process.

Basically, It is an inventory management system that companies use to reduce wastage to the barest minimum, thereby, freeing capital for other uses and/or lowering the total capital requirements of the enterprise.

Hence, just-in-time when used judiciously can help a company reduce the amount of working capital it needs to finance inventory management.

4 0

3 years ago

!!PLEASE HELP ME WITH MULTIPLE CHOICE!!

ELEN [110]

a) grant temporary tax exemptions to groups and individuals that start new businesses

8 0

3 years ago

Read 2 more answers

Moral hazard is a situation when a. contract terms attract parties that have a higher preference for risk b. contract terms ince

monitta

Answer:

contract terms incentivize one party to take on more risk because they don't carry the full cost of the risk

Explanation:

A moral hazard can be understood as the concept that a participant that is sheltered from danger in some manner will behave significantly than if they were not.

Every day, we see moral hazard in the form of established academics who remain apathetic presenters, individuals who have burglary insurance who are less attentive about where they parked, compensated workers who take long vacations, and etc.

Thus, from the above we can conclude that the correct option is C.

5 0

3 years ago

pJimmy is a client of yours and he has some holdings in U.S. T-Bonds. Over the past year, he received $500 in interest from thes

Firdavs [7]

Answer:

Jimmy must pay federal income taxes for the $500 earned in dividends during last year = $500 x 28% = $140

Since interest earned on federal securities are not taxed by state or local governments, there is no state tax liability.

Jimmy's total taxes due from dividends earned = $140

5 0

3 years ago

A company with $70,000 in current assets and $50,000 in current liabilities pays a $1,000 current liability. As a result of this

Rufina [12.5K]

Answer:

Option (b) is correct.

Explanation:

Given that,

Current assets = $70,000

Current liabilities = $50,000

Pays a current liability = $1,000

Current ratio(Prior) :

= Current assets ÷ Current liabilities

= $70,000 ÷ $50,000

= 1.40

Current ratio(After paying liability) :

= (Current assets - $1,000) ÷ (Current liabilities - $1,000)

= ($70,000 - $1,000) ÷ ($50,000 - $1,000)

= $69,000 ÷ $49,000

= 1.41

Therefore, there is an increase in current ratio.

Working capital(Prior):

= Current assets - Current liabilities

= $70,000 - $50,000

= $20,000

Working capital(After paying liability):

= (Current assets - $1,000) - (Current liabilities - $1,000)

= ($70,000 - $1,000) - ($50,000 - $1,000)

= $69,000 - $49,000

= $20,000

Therefore, there is no change in working capital.

3 0

3 years ago