1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
anzhelika [568]
2 years ago
12

A for-profit institution that works with large companies and corporations to manage deposits, loans, and investments is known as

a
A.investment bank 
B.commercial bank
C.savings bank 
D.credit union
Business
2 answers:
Dima020 [189]2 years ago
4 0
B. commercial bank is the answer.
mario62 [17]2 years ago
3 0

Answer:

B is correct

Explanation:

You might be interested in
The regular selling price for the product is $80. The annual quantity of units produced and sold is 40,000 units (the costs abov
Ne4ueva [31]

Answer:

The correct option is d. Increase by $19,500.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

Pluto Incorporated provided the following information regarding its single product:

Direct materials used = $240,000

Direct labor incurred = $420,000

Variable manufacturing overhead = $160,000

Fixed manufacturing overhead = $100,000

Variable selling and administrative expenses = $60,000

Fixed selling and administrative expenses = $20,000

The regular selling price for the product is $80. The annual quantity of units produced and sold is 40,000 units (the costs above relate to the 40,000 units production level). The company has excess capacity and regular sales will not be affected by this special order. There was no beginning inventory.

What would be the effect on operating income of accepting a special order for 1,000 units at a sale price of $40 per product? Note: The special order units would not require any variable selling and administrative expenses.

a. Decrease by $19,500

b. Decrease by $18,000

c. Increase by $18,000

d. Increase by $19,500

The explanation of the answer is now provided as follows:

We first calculate the expected total relevant cost of the special order as follows:

Direct materials cost per unit = Direct materials used / Annual units = $240,000 / 40,000 = $6.00

Direct labor cost per unit = Direct labor incurred / Annual units = $420,000 / 40,000 = $10.50

Variable manufacturing overhead per unit = Variable manufacturing overhead / Annual units = $160,000 / 40,000 = $4.00

Expected special order total relevant cost = (Direct materials cost per unit + Direct labor cost per unit + Variable manufacturing overhead per unit) * Special order units = ($6.00 + $10.50 + $4.00) * 1,000 = $20.50 * 1,000 = $20,500

Expected revenue from the special order = Special order units * Special order selling price per unit = 1,000 * $40 = $40,000

Expected profit from the special order = Expected revenue from the special order - Expected special order total relevant cost = $40,000 - $20,500 = $19,500

Since the expected profit from the special order is $19,500, it therefore implies that accepting it would increase operating income by $19,500.

Therefore, the correct option is d. Increase by $19,500.

6 0
3 years ago
At Park Incorporated, employees are allowed one-hour lunches, but it has become common that most stroll back fifteen minutes lat
Rudik [331]

Answer:

Social Factor - Cultural Norm

Explanation:

The behavior is common in all Park's employees so there isn't any individual factor which is affecting their behavior. Further, Social Factor (Cultural Norms) can be accounted for this impact.

  • Cultural norm: This habit has been developed as the cultural norm (particular behaviors which are accepted in society). Everyone is following it continuously and without guilt or intention of not repeating it.
3 0
2 years ago
Suppliers, customers,​ employees, products and​ services, and​ ________ are the five basic components with which businesses must
tangare [24]
Invoices and payments
5 0
3 years ago
Assume that interest rates on 20-year Treasury and 20-year corporate bonds are as follows T-bond = 3.72% AAA = 4.12% A = 4.64% B
Luba_88 [7]

Answer: Default risk differences.

Explanation:

The Default risk is the inherent risk a lender faces that a borrower will not pay them back the debt they want to borrow. The lender will therefore charger a high return to cater for this risk. The higher the risk, the higher the return charged.

T-bonds have no default risk because they are guaranteed by the US Government which is why it's rate is the lowest. For the other bonds, there is something called a Credit rating. Bonds are usually rated on how risky it will be to lend to the company borrowing with AAA being of the lowest risk. Therefore as one goes up from AAA, the bonds will have higher default risks.

4 0
2 years ago
Look Manufacturing Corporation has a traditional costing system in which it applies manufacturing overhead to its products using
Ulleksa [173]

Answer:

The answer is "96.11 per unit".

Explanation:

Formula:

\text{ The total manufacturing overhead applied in N06D} = (\frac{\text{Estimated overhead cost}}{\text{Total Activity}}) \times \text{Activity Consumed}

= (862,400 \times \frac{9,640}{24,640} + 476,307 \times \frac{1,670}{2,691} + 415,864 \times \frac{641}{908})\\\\= (862,400 \times 0.391233766 + 476,307 \times 0.620587142 + 415,864 \times 0.705947137)\\\\= (337,400+ 295,590 + 293,578)\\\\=926,568

Calculating the unit cost:

= \frac{926,568}{9640} \\\\=96.1170124\\\\=96.11

6 0
3 years ago
Other questions:
  • I need help with this career awareness day crossword puzzle thing, please help best you can
    11·1 answer
  • Holly would like to plan for her daughter’s college education. She would like for her daughter, who was born today, to attend co
    8·1 answer
  • Approximately how much of the initial investment's value would be lost after 15 years at 3% inflation?
    6·2 answers
  • On January 8, the end of the first weekly pay period of the year, Regis Company's payroll register showed that its employees ear
    9·1 answer
  • The famous designer, Isaac Mizrahi, made a scheduled appearance at Borders bookstore in Mall of America to sign copies of his bo
    10·1 answer
  • Ben created a site that allows potential customers to fill in their information if they want a free consultation. What did Ben c
    6·1 answer
  • Research proves that heterogeneous groups are infinitely more productive and creative than homogeneous groups. Describe environm
    8·1 answer
  • Assume that you plan to buy a share of XYZ stock today and to hold it for 2 years. Your expectations are that you will not recei
    8·1 answer
  • Over the last 50 years, family income has become __________ in explaining the educational achievement gap
    7·1 answer
  • assuming there are only two types of outputs in a country: consumer goods and nuclear missiles. all else being constant, as the
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!