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worty [1.4K]
3 years ago
8

According to the video, what are the two other most important ways banks make money?

Business
1 answer:
marysya [2.9K]3 years ago
4 0

Even though I didn't see the video mentioned in the question, banks make most of their money through banking fees and investments.

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<span>Joneen gave Sue a cartway claim to access her own property across a portion of Joneen's property. This type of easement allows an individual to access their property via another, privately owned parcel for the purposes of accessing landlocked property.</span>
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During the first month of operations ended August 31, Kodiak Fridgeration Company manufactured 80,000 mini refrigerators, of whi
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Answer:

1.                     Absorption Costing Income Statement

                         For the month ended May 31, 2016

Sales                                                                     $10,800,000

<u>Cost of goods sold</u>

Beginning inventory                   -

Cost of goods manufactured    $9,600,000

Ending Inventory                         <u>$960,000</u>

Cost of goods sold                                                <u>$8,640,000</u>

Gross margin                                                          $2,160,000

<u>Selling and administrative expenses</u>

$1,080,000 + $180,000                                         <u>$1,260,000</u>

Income from operation                                           <u>$900,000</u>

<u />

2.             Variable Costing Income Statement

               For the month ended May 31, 2016

Sales                                                                            $10,800,000

<u>Variable cost of goods sold</u>

Beginning Inventory                     -

Variable cost of goods manufactured $9,280,000

Ending Inventory                                    $928,000

Variable cost of goods sold                                        <u>$8,352,000</u>

Manufacturing margin                                                  $2,448,000

Variable selling and administrative                             <u>$1,080,000</u>

expenses

Contribution margin                                                     $1,368,000

<u>Fixed Cost:</u>

Fixed manufacturing cost                        $320,000

Fixed selling and administrative              <u>$180,000</u>

expenses

Total fixed cost                                                                <u>$500,000</u>

Income from operation                                                  <u>$868,000</u>

<u />

3. The reason for difference of amount for income from operation is $32,000 ($900,000 - $868,000). It is due to fixed manufacturing cost which is included for ending inventory under absorption costing (320,000 / 80,000 * 8,000). Hence, income under absorption costing is higher by $32,000 as compared to income under variable costing.

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3 years ago
Last year, 46% of business owners gave a holiday gift to their employees. A
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Answer:

a. 15

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p_v =P(Z<-3.263)= 0.000551

Explanation:

a. 25% of 60 businesses surveyed=

25/100 x 60= 15

b. See attached image for solution

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