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klio [65]
2 years ago
10

A __________ is a profit-seeking organization that receives deposits from individuals and corporations and uses some of these de

posits to make loans.
Business
1 answer:
finlep [7]2 years ago
6 0

Answer:

Commercial bank

Explanation:

A commercial bank accepts cash deposits from the general public and lends a portion of the money as loans to make profits. Commercial banks make profits by charging a high-interest rate on credit issued than the interest rate they offer on deposits. By accepting deposits and lending to other customers, commercial banks act as intermediaries between suppliers and users of credit.

Commercials are profit-making institutions. Although their primary function revolves around accepting deposits and issuing out loans, they also perform other duties such as;

  • Discounting bills of exchange
  • Overdraft facility
  • Agency functions, including payment functions and insurance of letters of credit and checks.
  • General utility services including foreign exchange transactions, underwriting securities, and safe deposits.
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The annual depreciation taken on a vehicle totals $4,400. The vehicle has been in service for three full years and the adjusting
KonstantinChe [14]

Answer:

Depreciation expense =  $4,400

Accumulated depreciation = $13,200

Explanation:

Depreciation: The depreciation is the amount which decreases the value of the asset. It can be by obsolescence, usage, tear and wear, etc.

The annual depreciation is given i.e. $4,400 which will be charged in depreciation expense whereas the accumulated depreciation would be equal to

=  Annual Depreciation × useful life

= $4,400 × 3

= $13,200

5 0
3 years ago
It's okay to lower a vehicle onto a high-reach support stand.<br><br> True or False
liubo4ka [24]

Answer:

False

Explanation:

Use high reach vehicle support stands to help stabilize the vehicle for jobs that involve considerable displacement of weight or that shake the vehicle. Never lower vehicles onto vehicle support stands. If this is done, the stands may push the vehicle off the lift.

5 0
2 years ago
Why does my dad stick his weener up my dog
vivado [14]
What the heck uhmmmm
6 0
2 years ago
Read 2 more answers
Goals and objectives should be set ________.Multiple Choiceat the beginning of marketing planningat the end of the situation ana
storchak [24]

Answer:

Option D. After completion of market research, situation analysis, and competitor analysis

Explanation:

The reason is that the company always sets objectives and goals when it analyzes the business environment, the way competitor would react, product demand, etc and all these things come from market research, situation analysis, competitor analysis, position analysis, capability analysis, etc. This gives a clear picture where the organization must head towards. So after completion of these analysis and research, company is able to set goals.

Always remember that the company sets its goals before marketing planning (Option A) and after situation analysis (Option B) because it helps define what number of sales we need which formulates the marketing planning.

Option C is incorrect because strategies are set after the objectives and goals are set because the strategies are always alligned with the objectives and goals.

Option E is incorrect because Goals and Objectives are set always after the SWOT and PESTLE analysis not during these studies.

Here the only only option with broader meaning is option D which also includes the Option A and Option B.

3 0
2 years ago
Your trip to was great, but it unfortunately ran a bit over budget. However, you just received an offer in the mail to transfer
serg [7]

Answer:

with the new rate we will pay in 58 months.

if there is 2% commision charge: 59.35 = 60 months

Explanation:

Currently we owe 10,000

This will be transfer to a new credit card with a rate of 6.2%

We are going to do monthly payment of 200 dollars each month

and we need to know the time it will take to pay the loan:

We use the formula for ordinary annuity and solve for time:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C  $200.00

time n

rate 0.005166667 (6.2% rate divide into 12 months)

PV $10,000.0000

200 \times \frac{1-(1+0.0051667)^{-n} }{0.0051667} = 10000\\

We arrenge the formula and solve as muhc as we can:

(1+0.0051667)^{-n}= 1-\frac{10000\times0.0051667}{200}

(1+0.0051667)^{-n}= 0.74166667

Now, we use logarithmics properties to solve for time:

-n= \frac{log0.741667}{log(1+0.0051667)

-57.99227477 = 58 months

part B

If there is a charge of 2% then Principal = 10,000 x 102% = 10,200

we use that in the formula and solve:

(1+0.0051667)^{-n}= 1-\frac{10200\times0.0051667}{200}

(1+0.0051667)^{-n}=0.73650000

-n= \frac{log0.7365}{log(1+0.0051667)

-59.34880001 = 59.35 months

6 0
3 years ago
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