The total cost of those banking fees for the 7 years would be $1,344
<h3>What is bank fee?</h3>
Bank fee are fees paid to the financial institution one opened the account with, simply to keep it open and running and covers a certain number of transactions per month. Banks charge bank fees to pay salaries and other overheads, and physical branches.
With regards to the above,
Total cost
= Cost per month × 12 months per year × Number of years
= $16 × 12 × 7
= $1,344
Hence, the total cost of those banking fees for the 7 years would be $1,344
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Answer:
Technological advancement
Explanation:
Technological advancement is a method that is used to make production process more efficient without increasing the labour that is used.
It involves the use of technology to increase efficiency of the production process.
This makes it possible for SmartTech to produce more product and services with less people.
They are investing more in technology than in human labour.
Explanation:
a. net sales less cost of goods sold
Gross profit is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Gross profit will appear on a company's income statement and can be calculated by subtracting the cost of goods sold (COGS) from revenue (sales
Answer: The following statements is true: <u><em>The amount of unamortized discount decreases from its balance at issuance date to a zero balance at maturity.</em></u>
Unamortized discount amount is decreased from balance at provision to a nil balance at due date. This is so , as it will be liquidated over entire bond’s life and thus will reach $ 0 maturity.
<u><em>Therefore, the correct option is (c).</em></u>
Answer:
b)Examples of organizational citizenship behaviors
Explanation:
organizational citizenship behaviors can be explained as the commitment showed by a person in a particular organization, whenever an employee display organization citizenship behavior then there will be team work and as a result of this effectiveness and efficiency in the organization will be recorded.
The instances of organizational citizenship behaviors that should be noted are ; Self-development, individual initiative and organizational loyalty.