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RideAnS [48]
3 years ago
11

Daryl would like to open new checking and savings accounts. One of his primary concerns is avoiding bank fees. Which type of ban

king institution is most suitable for Daryl?
Business
2 answers:
Vitek1552 [10]3 years ago
8 0

The answer is credit union

nikdorinn [45]3 years ago
5 0
I found the same question but it had choices. The choices were:
a) retail bank
b) commercial bank
c) savings and loans
d) credit union

The type of banking institution that is most suitable for Daryl is CREDIT UNION.

Credit Union is defined as a member-owned financial cooperative. They offer banking services but these are offered to their members. They grant loans and interest paid on those loans are also given to member-owners as dividends. 

Daryl will not only earn interest from his checking and savings accounts, he will also earn dividends. Any bank fees issued by the cooperative will be returned to them in the form of dividends.
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Diversification may dissipate value if it is wrongly based on: a. transferring competencies. b. realizing economies of scope. c.
Bezzdna [24]

Answer:

C. rescuing core business.

Explanation:

Diversification: It is a process of expanding the business by allocating investment in several other related businesses. This is a way to reduce risk on any particular asset or business and it also helps in covering the loss of one business. A company should pursue related diversification instead of unrelated diversification when the company's core skills are highly specialized and have few applications outside its core business.

7 0
3 years ago
Suppose a bakery reports this​ information: beginning raw materials inventory $4,000 ending raw materials inventory 3,000 beginn
photoshop1234 [79]
To calculate cost of direct materials used, you take Purchases of raw materials and subtract the change in raw materials. The idea is that the cost of raw materials used will be however much raw materials decreased during the period plus the purchase of raw materials.  Beginning raw materials is 4000, and ending raw materials is 3000, a change of -1000. Purchases of raw materials were 99,000. The Cost of Direct Materials is 99,000 - (-1000) = 100,000. 
6 0
3 years ago
Weston Inc. wants to outsource its customer service operations. The top managers of the company are preparing a plan exclusively
morpeh [17]

Answer:

Single use plan

Explanation:

A single use plan is employed in tackling a particular organisational situation. This plan is only used once, because it is used to solve a specific situation and then discarded when the situation has been tackled.

A single use plan is utilized in situations that is unlikely to be repeated in the nearest future since the main purpose of the plan is to solve a particular problem.

The single use plan can be very precise in handling a particular situation.

5 0
4 years ago
Costume jewelry is produced in a monopolistically competitive market. One producer finds that MR = MC = $3 when output is 700 ne
Zigmanuir [339]

Answer: the producer will charge a price that is more than $3.

Explanation:

Monopolistic competition is an industry characteristics whereby there are several firms that sell goods or services that can't be called perfect substitute but are identical.

Based on the above information, since marginal revenue and marginal cost equals $3, the producer will charge a price that is more than $3. This is necessary to cover up its cost.

5 0
3 years ago
Tracy wants to start her own business, but knows little about how to set up an accounting system or interpret financial informat
german

Answer:

The best response to Tracy's comments is:

B.  Although you can hire someone to keep your books, you'll still need to know how to read, understand, and interpret basic accounting reports in order to make good business decisions.

Explanation:

Here in the given question it is mentioned that Tracy is wanting to start her own business but she has a very little knowledge about how to setup an accounting system and how the financial interpretation is been done.

So, she tells her friends that she is not at all worried about accounting. For this purpose she will be hiring a part time book keeper who will be handling all her stuff and who will also help her in focussing her attention in the different and innovative ideas of satisfying her customers.

Therefore, the best response to Tracy's comments can be given by:

B.   Although you can hire someone to keep your books, you'll still need to know how to read, understand, and interpret basic accounting reports in order to make good business decisions.

7 0
3 years ago
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