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Alexxx [7]
3 years ago
11

Banking may be subdivided into at least three categories of banks. Match up the definitions with the appropriate name.

Business
1 answer:
lyudmila [28]3 years ago
3 0

There are different types of banks according to their classification. There are seven major type of banks that exist including retail, corporate,  commercial, exchange, industry, cooperative and central.

Explanation:

1. A bank that specializes in retail or consumer banking in a local market.

Commercial Bank

This type of bank is based on shoort term credit and ease of withdrawal.

II. A bank that engages in a complete array of wholesale commercial banking activities and usually also provides retail banking services.

Industrial banks

These banks have large capitals that they invest in commercial activities.

III. A bank that is located in a financial center and relies on nondeposit or borrowed sources of funds for a significant portion of its liabilities.

Central Bank

these banks are often regulated and controlled by the government of the country.

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Froot Loop Inc., a cereal manufacturer, has variable costs of $0.40 per unit of product. In May, the volume of production was 25
mr Goodwill [35]

Answer:

the fixed cost per month is $20,600

Explanation:

The computation of the fixed cost is given below:

Fixed costs = Total Production Costs - Variable costs

= $30600 - $0.40 per unit × 25000 units

= $30600 - $10,000

= $20,600

hence, the fixed cost per month is $20,600

We simply deduct the variable cost from the total production cost so that the fixed cost could come

8 0
3 years ago
Corentine Co. had $167,000 of accounts payable on September 30 and $140,000 on October 31. Total purchases on account during Oct
DaniilM [7]

Answer:

Total cash of $323,000 was paid during October.

Explanation:

The company had 167,000 accounts payable at the start of October after that they purchased a further 296,000 on account this means that their accounts payable during October were (296,000+167,000)= 463,000.

Now at the end of October they  have remaining accounts payable of 140,000 which means that they paid off the rest, so we will subtract 140,000 from 463,000 in order to find how much cash was paid.

463,000-140,000= 323,000.

5 0
3 years ago
Leupold & Stevens, Inc., makes Leupold scopes for rifles and has introduced a new scope that has the quality and performance
user100 [1]

Answer:

Penetration pricing

Explanation:

Is a marketing strategy used by businesses to attract customers to a new service or product.  By offering lower price during its initial offering, thats the way they do.   The lower price, helps a new producto or service penetrate the market and attract customers .

6 0
3 years ago
The contribution margin ratio is 25% for Crowne Company and the break-even point in sales is $260,000. If Crowne Company's targe
AlekseyPX

Answer:

sale is $4000

Explanation:

given data

margin ratio = 25%

sales = $260,000

operating profit = $66,000

solution

we get here Break even sales that is express as

Break even sales = Fixed expense ÷ Contribution Margin Ratio    ...........1

put here value

$260,000 = Fixed Expenses ÷ 25%

Fixed Expenses = $65000

so here we consider sale is = x

we know net income is express as

Net Income = Contribution - Fixed Expenses   ................2

so Contribution = 25% x

put value in equation 2

25% x  - $65000 = $66,000

solve it we get

x = 4000

so sale is $4000

4 0
3 years ago
What are the documents required by the department of trade and industry when registering a private company
damaskus [11]
If this is in relation to South Africa then my answer is: 

THREE DOCUMENTS REQUIRED BY THE DTI South Africa.
These forms should be completed and submitted with corresponding attachments.

1) NLA 1 - Part of Application for Registration or Application to transfer Registration or Notice of Review.
Attach the following requirements:
a) business zoning certificate (industrial) or consent letter (municipality)
b) comprehensive written representation in support of the registration
c) any determinant, consent approval or authority required
d) valid proof that the required application fee has been deposited in dti's bank account
e) valid certified copy of IDs or passports of applicant/s
f) trading business permit (foreign applicant)
g) SAPS police clearance issues within 3 months from date of application
h) valid copies of registration from CIPC (juristic person applicant)
i) valid tax clearance certificate from SARS issued with 12 months from date of application (juristic person applicant)
j) verification certificate issued in compliance to B-BBEE Act.

2) NLA 9 - Registration Certificate

<span>3) NLA 7 - Consent to or refusal of proposed conditions of registration.</span>

6 0
3 years ago
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