Answer:
True
Explanation:
Financial services are the activities rendered by any financial institution such as the banks to their customers. Most of the services are done at a fee that makes the main source of revenue for banks. The revenue is spent to pay the overall expenses of the bank. If the expenses are lower than the revenue, a bank makes profit. If expenses exceed revenue, a bank makes loss which is not mostly the case. Therefore, it is true to say that banks work to earn a profit by selling financial services.
Answer:
$940,000
Explanation:
The computation of the general and administrative expense is shown below:
= Legal and audit fees + rent for office space × basis
= $580,000 + $720,000 × 50%
= $580,000 + $360,000
= $940,000
In order to find out the general and administrative expense we simply added the legal & audit fees and the rent for office space so that the correct amount could arrive
Explanation:
Given that
Amount of equity loan = $24,000
Appraisal value of home = $110,000
Using percentage = 70%
Owed amount = $60,000
By considering the above information,
As we know that for the borrowing purpose, only 70% is eligible i.e
= $110,000 × 70%
= $77,000
So, the highest credit limit would be
= $77,000 - $60,000
= $17,000
So, there is no enough residual value left for $24,000 equity loan
2. By seeing the credit rating, income of a person, the lender could is willing to offer them additional amount i.e $7,000 that is come from subtracting the $17,000 from the $24,000 equity loan amount
Answer:
the answer is Plastic reduces the transfer of thermal energy to hands holding the utensils.
Explanation:
Answer:
a. is an estimate of what the budget balance would be if real GDP were equal to potential output.
Explanation:
A cyclically adjusted budget balance <u>is an estimate of what the budget balance would be if real GDP were equal to potential output.</u> A cyclical adjustment budget balance measures the stance of fiscal policy, as it removes the endogenous components of spending and revenues and its also estimate the budget balance if the economy is in the long run equilibrium.
