All categories

3 years ago

10) Financial intermediaries can substantially reduce transaction costs per dollar of transactions

Business

1 answer:

goblinko [34]3 years ago

7 0

Answer: D) economies of scale.

Explanation:

Economies of scale refers to when an entity is able to reduce its total costs as quantities of the good causing the costs increase.

Financial Intermediaries such as Commercial banks, Mutual funds, Investment banks etcetera have a lot of funds available for trade which they use to execute large trades. As a result, the costs on average are lower or them per transaction as opposed to traders executing with lower volumes. For example, when purchasing shares they will be able to negotiate better fees with stockbrokers because they are buying a lot of shares as opposed a single buyer trading.

You might be interested in

Items a through l represent possible errors and fraud that you suspect may be present at rex company. the accompanying list of a

statuscvo [17]

Answer:

a. Compare the details of cash receipts with journal entries.

b. Prepare a bank transfer schedule.

c. Confirm the terms of borrowing with the lenders agreement.

d. Send request to confirm the entity's account receivable balance.

e. Inspect payroll data of employees and cross check with the transaction recorded.

f. Obtain cut off bank statement to reconcile the transaction.

g. Examine the selected repair order and physically examine the equipment whether repair work is don or not.

h. Examine the supporting documents for the invoice such as purchase order, goods received note and Purchase requisitions.

i. Inspect the payroll endorsements for similar handwriting.

Explanation:

Audit is mandatory for all the companies. The verified financial statements are considered as reliable because they are rechecked by the auditors and if any error or fraud is found it is immediately corrected and rectified. Audit is a critical process which involves objectivity and integrity of a person. The auditors must be independent and they should not have any familiarity with the business employees or owners.

6 0

3 years ago

100 credits to whoever can help me score on my finance assessment! Please help immediately!

NeTakaya

Answer:

1. B 2. B 3. A 4. C 5. B 6. C 7. B 8. D 9. D 10. D

8 0

3 years ago

All of the following are advantages of having a savings account except

expeople1 [14]

Answer:

Funds held in a savings account are highly liquid

Explanation:

The purpose of a savings account is the assist a customer achieve their saving objectives. A savings account is a secure way of accumulating funds for an intended purpose or keeping money that does not have immediate use.

Financial institutions that offer savings account limit on withdrawals to help a customer achieve planned saving objective. It means money saved is not accessible at will. Penalties apply should a customer insists on more than the acceptable number of withdrawals.

5 0

3 years ago

So im 12 yrs old and i have been asked to babysit my neighbors two boys for 4 hours 5 days a week ( one 4 one 2 yrs old) since i

garik1379 [7]

Babysitters make more in cities with a high cost of living. According to Care.com's study, the average hourly babysitting rate in San Francisco, for example, is $16.65, compared to the national average of $13.44 an hour. Babysitters in all of the 75 cities examined all made over $11 an hour.

Babysitters now bring in an average of $15.71 an hour, an increase from about $14.91 an hour in 2015, according to new data from childcare website UrbanSitter. Watching two kids comes with an hourly wage of at least $18, the site reported.

I would say at least half the amount an average babysitter would get paid because your 12. SO around 6.50 an hour would work. Professionally if she wants you to do anything around the house for the children like cleaning up after them, feeding them, supervising them, that comes with responsibility, if you don't think 6.50 is enough for an hour, then go with no more than 8 dollars. Someone your age in reality should get paid no more than an average person. Especially because the person is young, like yourself. Goodluck. :)

There is not a set amount of money that an 11 year old kid can expect to earn working side jobs. For instance, 11 year old youngsters can expect to earn $5 and up at certain jobs like shoveling snow. There is, however, a limited amount of time that 11 year old can dedicate to working side jobs though.]

3 0

4 years ago

____________ which occurs during the third phase of the writing process, means improving the content and sentence structure of y

Ymorist [56]

Answer: Revising.

Explanation: Writing refers to a method of communication with the use of symbols, letters, alphabets and signs in an understandable and readable format. The writing process may involve prewriting,drafting , Revising and editing.

The Revision process is usually the third step in the writing process as it is done after drafting and before the final editing. It simply means taking another look at what was written. It may include addition of fact or argument, Reorganizing and Restructuring points made, Reorganizing the tenses and grammatical structure, it could also include redesigning the outlook of a presentation.

6 0

3 years ago