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Natasha2012 [34]
3 years ago
9

What is a major difference between banks and credit unions?

Business
1 answer:
avanturin [10]3 years ago
7 0

The bottom line is that banks are for-profit institutions, while credit unions are non-profit. Credit unions typically brag better customer service and lower fees, but have higher interest rates. On the contrary, banks generally have lower interest rates and higher fees.

That's what I got

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Brief Exercise 229 On January 1, the Biddle & Biddle, CPAs received a $7,500 cash retainer for accounting services to be pro
Gnoma [55]

Answer:

                                                   Debit                  Credit

Unearned revenue                    $2,500

($7,500/3)

Revenue                                                                $2,500

Explanation:

The following adjusting entry shall be recorded in the accounts of the Biddle and Biddle, on January 31, in respect of revenue earned by it from accounting services:

                                                   Debit                  Credit

Unearned revenue                    $2,500

($7,500/3)

Revenue                                                                $2,500

5 0
4 years ago
Risk events include completing work sooner than planned or at an unexpectedly reduced cost, collaborating with suppliers to prod
Vsevolod [243]

Positive risk events

5 0
3 years ago
Antoine transfers property with a tax basis of $524 and a fair market value of $647 to a corporation in exchange for stock with
podryga [215]

Answer: $446

Explanation:

Antoine will receive the same basis in the stock that was in the property.

The Corporation however, assumed $78 of the liability of the property transferred which would reduce Antoine's basis in that property

Antoine's basis = Property base - Liability assumed by corporation

= 524 - 78

= $446

3 0
3 years ago
In many cities, grocery stores find that their sales are much greater on days when they have advertised their special bargains.
Savatey [412]

Answer:

This question is incomplete, the options are missing. The options are the following:

a) Minimize inputs

b) Minimize outputs

c) Minimize the difference between the inputs and outputs

And the correct answer is the option C: Minimize the difference between the inputs and the outputs.

Explanation:

To begin with, the criteria used by those shoppers could be understood as the one that tries to minimize the difference between the inputs and the outputs due to the fact that when they see the particular good in offer they tend to buy it more frequently that when the same good is not in offer, however they do not increase the amount of goods bought instead they keep that number the same so they only take advantage of the offer itself and that is why that the company does not increase the physical volumen of the goods sold.

8 0
3 years ago
The existence of the federal income tax and the welfare system serve as the primary elements of?
NARA [144]

The answer is nondiscretionary fiscal policy.

Nondiscretionary fiscal policy refers to measures that are incorporated into the system to automatically provide expansionary or contractionary stimulus. Nondiscretionary fiscal policy, for example, entails government measures that stimulate the economy when it needs it and deflate it when it needs it.

Nondiscretionary fiscal policy refers to numerous continuing government spending and taxing schemes. These are largely for the purpose of sustaining revenue. They are almost never modified. They consist of social security, welfare, and unemployment benefits.

Unemployment benefits are a common example of nondiscretionary fiscal policy. Payments must rise when the number of jobless rises, which occurs during an economic slowdown. When the jobless return to work as the economy improves, the payments must fall.

Therefore, the answer is non-discretionary fiscal policy.

To know more about fiscal policy click here:

brainly.com/question/6583917

#SPJ4

8 0
2 years ago
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