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3 years ago

8

A for-profit institution that works with the general public to open and manage savings accounts is known as a(n) _____. A. comme

rcial bank B. investment bank C. credit union D. savings bank
2b2t

1 answer:

Svetradugi [14.3K]3 years ago

4 0

A for-profit institution that works with the general public to open and manage savings accounts is known as a(n) savings bank.

Answer: C. savings bank

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Assume University Athletic Pharoah Club sells T-shirts for $30 and anticipates selling 6,700 shirts during football season. The

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The preparation of the University Athletic Pharaoh Club's Income Statement in the contribution margin format is as follows:

University Athletic Pharaoh Club

<h3>Income Statement</h3>

For the football season

Sales Revenue $201,000

Variable cost of sales 155,574

Contribution margin $45,426

Fixed Costs:

Selling and administrative 33,526

Net Income $11,900

<h3>Data and Calculations:</h3>

Sales revenue = $201,000 ($30 x 6,700)

Cost of sales = $155,574 ($23.22 x 6,700)

Fixed Costs = $35,000

Sales commission = $1,474 ($0.22 x 6,700)

Remaining fixed costs = $33,526

Thus, the income statement of University Athletic Pharaoh Club for the football season shows a net income of $11,900.

Learn more about Contribution-Margin Income Statement at brainly.com/question/24962994

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2 years ago

You manage a company that competes in an industry that is comprised of four equal-sized firms that produce similar products. A r

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Explanation:

It is given that in the market there are four equal-sized firms that produce similar products. The market is saturated such that 10% industry-wide price rise would lead to 18% decline in units sold by all firms in the industry. Going further, there is a proposed legislation that imposes a tariff on a key input used by the industry, which on realization would result in the increase in marginal cost by $2.

This means that the market elasticity of demand is:

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3 years ago

Which of the following executive roles is responsible for overall priority setting, project selection and prioritization, genera

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Answer:

Letter a is correct. <u>Steering team.</u>

Explanation:

Steering team in a project correspond to the highest hierarchy of a project, which is responsible for the decision-making process, and is composed of all representatives involved in the project, the directors, specialists and units of the company, who will join efforts to assist with methodological and technical advantages for the project to proceed as planned.

The main function of the steering teams is to monitor the project, in order to control the steps in order to carry out the project, establish the budget, support the managers, set objectives, allocate necessary resources, etc.

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3 years ago

On March 31, 2021, M. Belotti purchased the right to remove gravel from an old rock quarry. The gravel is to be sold as roadbed

fenix001 [56]

Answer:

$33,840

Explanation:

The computation of the depreciation per units or tons under the units-of-production method is shown below:

= (Original cost - residual value) ÷ (estimated tons)

= ($158,400 - $0) ÷ (22,000 tons)

= ($158,400) ÷ (22,000 tons)

= $7.20 per tons

Now for the year 2021, it would be

= Tons during 2021 × depreciation per tons

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3 years ago

What is revision?<br><br> a. the step in the writing process where you look

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Answer:

Revision is a process in writing of rearranging, adding, or removing paragraphs, sentences, or words. Writers may revise their writing after a draft is complete or during the composing process

Explanation:

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3 years ago