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Vikentia [17]
3 years ago
9

When a customer opens a bank savings account, the bank, essentially becomes a(n) ___.

Business
2 answers:
puteri [66]3 years ago
7 0

it is a borrower for people of the future


Rzqust [24]3 years ago
5 0
<span>Here are the choices on the given question:
A. lender
B. investor
C. insurer
D. borrower
When the customer opens a bank savings account, the bank, essentially becomes an investor. So the answer is B. 
Investor because the amount of money that you put in your savings account is being invested by the bank to gain interest.</span>
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When you begin your first full-time job, you have a monthly income of $3,500. Your federal and state taxes are $1,000. You pay $
elixir [45]

Answer:

c. discretionary income.

Explanation:

There are various incomes which are explained below:-  

a. Net Income: The income which is calculated after considering all expenses is called gross income.

b. Disposable income: The income which is computed after deducting the tax expenses is known as disposable income. It is not meant for basic necessities that means it considered only tax expenses.

c. Discretionary income: The income which is computed after considering the income, government taxes, other business expenses and day to day expenses is called discretionary income.

d. Gross income: The income which is calculated before considering all expenses is called gross income.

e. Earned income after taxes: The income which is earned after deducting the tax expenses is called earned income after taxes.

In the given situation, the most appropriate option is C.

4 0
3 years ago
When the price of paintings is set at $500, the local art gallery supplies 20 paintings per week. When the price of paintings in
Rudiy27

Answer:

the  price elasticity of supply is 0.555

Explanation:

The computation of the price elasticity of supply is given below:

= Percentage change in quantity supplied ÷ percentage change in price

= (25 - 20) ÷ (25 + 20) ÷ 2 ÷ (750 - 500) ÷ (750 + 500) ÷ 2

= 5 ÷45 ÷ 250 ÷ 125

= 0.555

Hence, the  price elasticity of supply is 0.555

The same is relevant

4 0
2 years ago
Allure Company manufactures and distributes two products, M and XY. Overhead costs are currently allocated using the number of u
AVprozaik [17]

Answer:

Option (b) is correct.

Explanation:

Given that,

Total Overhead Cost = $477,000

Number of Units of Product XY = 72,000

Number of Units of Product M = 108,000

Total overhead allocated to Product XY using the current system:

= (Total Overhead Cost ÷ Number of units produced in total) × Number of Units of Product XY

= ($477,000 ÷ 180,000) × 72,000

= $2.65 × 72,000

= $190,800

5 0
3 years ago
A financier plans to invest up to $500,000 in two projects. Project A yields a return of 9% on the investment of x dollars, wher
jonny [76]

Answer:

She should invest $300,000 in Project A, and $200,000 in Project B.

Explanation:

Solution

Since Project B yields a higher return, she should invest as much money as possible in it, which is 40% of the total investment  or

or (0.40)($500,000) = $200,000

so

The remaining $500,000 - $200,000 = $300,000 should be invested in Project A.

Therefore, she should invest $300,000 in Project A, and $200,000 in Project B.

5 0
3 years ago
Which of the following statements about taxes is FALSE?
enot [183]
States dont collect income tax the government does so B
5 0
3 years ago
Read 2 more answers
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