Answer:
C.
Explanation:
Retail banking is a banking system that deals directly with retail consumers. Retail banking is responsible for providing financial aid to the general population. The major function of retail banking includes providing financial aid, checking and savings accounts.
Business banks, on the other hand, are also a part of the banking industry. It specifically deals with corporates and businesses, ranging from small-sized businesses to large-sized corporates. The major function of corporate banking or business banking is also to provide financial aid, checking and savings accounts.
Therefore, option C is the correct answer.
Answer:
The total amount of cost that will be allocated from S2 to Department A is $32,200.
Explanation:
This can be calculated as follows:
Cost allocated from Department S1 to Department S2 = Direct department costs of Department S1 * Percentage of service to Department S2 = $200,000 * 15% = $30,000
Total Direct department costs for S2 = Direct department costs for S2 + Cost allocated from Department S1 to Department S2 = $16,000 + $30,000 = $46,000
Cost allocated from Department S2 to Department SA = Total direct department costs for S2 * Percentage of service to Department A = $46,000 * 70% = $32,200
Therefore, the total amount of cost that will be allocated from S2 to Department A is $32,200.
Given:
<span>5-year CD for $6800 with an APR of 2.8%, compounded quarterly,
Pretermination - 9 months early.
Pretermination fees - The early redemption fee for the CD is 3 months' interest on the original principal.
To get the periodic rate, APR must be divided by the number of days either 360 or 365 then multiplied by 30 for monthly rate.
2.8% / 360 = 0.0078%
0.0078% x 30 = 0.2333%
0.2333% x 3 = 0.70% PERIODIC RATE (QUARTERLY RATE)
5 years * 4 quarters = 20 quarters
9 months * 1 qtr/ 3mos = 3 quarters
20 quarters - 3 quarters = 17 quarters that Laurie kept her CD.
A = P(1+r/n)^nt
A = 6,800 (1+0.007)^17
A = 6,800 (1.1259)
A = 7,656.1408 - Value of Laurie's money before pretermination
Interest earned: 7,656.1408 - 6,800 = 856.1408
Early redemption fee: 6,800 x 0.7% = 47.60
Net interest earned: 856.1408 - 47.60 = 808.5408 or 808.54
</span>
"Guiding and motivating employees to work effectively to accomplish organizational goals and objectives, giving assignments, explaining routines, clarifying policies, and providing feedback on performance are all tasks associated with the function of management." all these are Leading This is further explained below.
<h3>What is
Leading?</h3>
Generally, a person in charge of a team, an organization, or an entire nation.
In conclusion, Management activities include guiding and inspiring people to achieve corporate goals and objectives, offering assignments, describing procedures, clarifying regulations, and providing performance feedback. Leading
Read more about Leading
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