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pashok25 [27]
3 years ago
10

One financial institution is offering a 1% interest rate on savings accounts while another institution is offering a 2% interest

rate on savings accounts. Out of the two financial institutions, which offer would the bank probably be offering
Business
1 answer:
REY [17]3 years ago
7 0

Answer:

1%

Explanation:

One of the way through which banks make profit is by investing in some other financial institutions. The interest on this type of deposit forms a major component of the banks' profit .

We also need to know that the money invested by banks are the deposit made by the banks customers , who in return is also  expecting a certain amount as interest on his deposit.

Based on this explanation , a bank will offer a lower interest rate compared to the financial institution's interest in order to make its share of the of profit on its customers money invested in other financial institution.

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What report do you receive after you complete the FAFSA?
suter [353]

Answer:

B) Student Aid Report (SAR)

Explanation:

This is the report you get after completing the government provided FAFSA.

3 0
3 years ago
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Consider two countries Daria and Atlantis. Daria is a major producer of wheat and rice while Atlantis specializes in the product
Sati [7]
C






I think it would be
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3 years ago
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Soprano Corporation allocates administrative costs on the basis of staff hours. Short-run monthly usage and anticipated long-run
Nuetrik [128]

Answer:

$850,000

Explanation:

Total Hours of Department 1=$80,000+$90,000

=$170,000/$200,000*1000,0000

8 0
3 years ago
To appeal to a new target market, a coffee manufacturer changed the product's package design, reformulated the coffee, began adv
Artemon [7]

Answer:

<u>Marketing mix</u>

Explanation:

Marketing mix refers to that blend of marketing factors and aspects so as to accomplish marketing goals, which is inducing customers to purchase the products coupled with customer satisfaction.

The four essential P's of marketing mix i.e essential marketing factors are, Product, price, place and promotion.

Product refers to a bundle of utilities, price being the consideration charged for the product, place refers to the markets where product is made available and promotion refers to modes of promotion such as sales promotion, advertising and publicity and other forms.

In the given case, the coffee maker serves a new target market (place), with changed product, packaging design and coffee itself (product), employing advertising price discounts and distributing new product samples at coffee shops (price and promotion).

Thus, in short , the manufacturer changed the marketing mix for his product i.e coffee.

4 0
3 years ago
Prepare the December 31 adjusting entries for the following transactions with JE explanations. 1. Fees accrued but not billed, $
disa [49]

Answer:

Adjusting Entries

    Date                 Description                         Debit       Credit

1.  December 31    Fees Revenue                  $6,300

                             Account Receivable                        $6300

2. December 31    Supplies Expense            $3,790

                             Supplies Inventory                          $3,790

3. December 31    Wages Expense               $2,700

                             Wages Payable                               $2,700

4. December 31    Depreciation Expense     $1,650

                             Accumulated Depreciation             $1,650

   December 31    Rent Expense                   $10,800

                             Prepaid Rent                                    $10,800

Explanation:

Supplies Expense = $4,750 - $960 = $3,790

Rent expired term is considered as there is a prepaid rent balance of $10,800

3 0
3 years ago
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