Product warranties, effects of environmental problems, and lawsuits are examples of transactions or events that give rise to Contingency.
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What is Contingency?</u></h3>
- A contingency is the potential possibility of a bad event, such as a pandemic, economic downturn, natural disaster, fraud, or terrorist attack. The coronavirus outbreak that struck businesses in 2020 made many employees reliant on remote work.
- Companies had to adopt a remote work strategy as a result. Working remotely wasn't an option for some organizations, though, and as a result, increased security measures for both employees and clients were put in place to stop the virus from spreading.
Although contingencies can be planned for, it is often impossible to predict the kind and breadth of such unfavorable events in advance. Businesses and investors conduct analyses and put defensive measures into place to prepare for potential possibilities.
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Answer:
Bank B for the car loan and Bank A for the savings account
Explanation:
The reason why this would be your answer is because when you are opening a savings account, you want to make sure that the interest is high. However, when you get a new car, you want to make sure that the interest is low. Bank B provides a low interest rate, while Bank A provides a high interest rate.
Why are the two the opposite? Here's the answer:
Why you should get a high interest rate for a savings account:
You should get a high interest rate for the savings account because the interest you have for the savings account is the money that the bank will give you, so it's pretty much free money that the bank is giving you for having your money saved in their bank. If you want to get more money from the bank because of your savings account, then you should find one with a high interest rate
Gross profit is net sales minus the cost of goods sold. It reveals the amount that a business earns from the sale of its goods and services before the application of additional selling and administrative expenses.
Stockbrokers who still had profits on their books were afraid that their profits would disappear.
Stockbrokers who had losses were afraid that those losses might get larger.
Investors decided to get out of the market.
The answer is At least quarterly.
financial institution pay interest to the commissioner of management and budget from a broker's interest-bearing trust account at least quarterly.
What is a Financial institutions?
- A financial institution (FI) could be a company locked in within the business of managing with monetary and financial transactions such as stores, advances, ventures, and cash exchange.
- Financial institutions envelop a wide run of commerce operations inside the money related administrations segment counting banks, believe companies, protections companies, brokerage firms, and speculation dealers.
- Financial teach can shift by measure, scope, and geography.
- A financial institution (FI) is a company engaged in the business of dealing with financial and monetary transactions such as deposits, loans, investments, and currency exchange.
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