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3 years ago

What does an income statement show about a bank over a period of time?

Business

2 answers:

Natali5045456 [20]3 years ago

6 0

Reliability because it shows that you are responsible to pay

Serjik [45]3 years ago

4 0

The correct answer is D reliability

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On a 100-acre farm, a farmer is able to produce 3,000 bushels of wheat when he hires 2 workers. He is able to produce 4,400 bush

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12. Which of these was a criticism of Bush's No Child Left Behind Act?

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3 years ago

Your insurance firm processes claims, through its newer, larger, high-tech facility, and its older, smaller low-tech facility. E

Arte-miy333 [17]

Answer:

The answer is:

Lay-off workers in "low-tech facility" i.e. $12 per claim.

Explanation:

<h2>Step 1:</h2><h3>The total fixed cost:</h3>

It is the cost, that the producer has to bear irrespective of the level of production.

<h3>Total variable cost:</h3>

It is the cost that alters with the changes with the changes in the production level.

The insurance firm has two facilities for claim process:

1: High-tech facility - new

2: Low-tech facility - old

<h3>High-tech facility:</h3>

Claims handled in a month = 10,000

Fixed costs = $100,000

Variable costs = $100,000

<h3>Low-tech facility:</h3>

Claims handled in a month = 2,000

Fixed costs = $16,000

Variable costs = $24,000

The fixed costs have to be borne, because they are unavoidable, but the variable costs can be ignored.

In high-tech facility, average variable cost per claim = $100,000/10,000 = $10 per claim

In low-tech facility, average variable cost per claim = $24,000/2,000 = $12 per claim

<h2>Step 4:</h2><h3>Conclusion:</h3>

If there is a decrease in the number of claims, the workers should be laid-off in low-tech facility, because variable cost per claim is higher in low-tech facility i.e. $12 per claim.

This will help in reducing the costs.

8 0

3 years ago

A member firm must begin deducting from net capital a short securities difference which is unresolved for more than:__________

andreev551 [17]

Answer:

seven days.

Explanation:

Securities and Exchange Commission Form X-17A-5 Part II specifically states that brokers or dealers must deduct any differences resulting from aged short securities:

<em>"Deduct the market value of all short securities differences unresolved for 7 business days after discovery and the market value of any long security differences where such securities have been sold by the broker or dealer until they are adequately resolved, less any reserves established therefor." </em>

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3 years ago

A hair salon offers three services: haircuts, color treatment, and styling. the salon charges $40 for a cut, $65 for color, and

8090 [49]

The total profit would be $2747 (The total revenue was $5590, and the total expense is $2843. Therefore the difference between the revenue and the expenses is the profit)

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2 years ago

Read 2 more answers

A bank estimates that its profit next year is normally distributed with a mean of 0.8% of assets and the standard deviation of 2

qwelly [4]

Answer:

a) 5.45%

b) 6.98%

Explanation:

We are given the following information in the question:

Mean, μ = 0.8%

Standard Deviation, σ = 2%