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klio [65]
3 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]3 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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fixed expenses ........... it makes sense          

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3 years ago
Cicchetti Corporation uses customers served as its measure of activity. The following report compares the planning budget to the
Marina86 [1]

Answer and Explanation:

The Preparation of the company's revenue and spending variances for December is prepared below:-

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3 years ago
OCF from Several Approaches [L01] A proposed new project has projected sales of $125,000, costs of $59,000, and depreciation of
natulia [17]

Answer:

Please see below

Explanation:

In order to calculate the operating cash flow, we will get the value of net income. The income statement is calculated as;

Sales

$125,000

Less :

Costs

($59,000)

Depreciation

($12,800)

EBIT

$53,200

Less tax 35%

($18,620)

Net income

$34,580

1. Using the tax shield method

OCF = (Sales - Costs)(1 - Tax) + Tax(Depreciation)

OCF = ($125,000 - $59,000)(1 - 35%) + 35%($12,800)

OCF = ($66,000)(0.65) + $4,480

OCF = $42,900 + $4,480

OCF = 47,380

2. Using the financial calculation

OCF = EBIT + Depreciation - Taxes

OCF = $53,200 + $12,800 - $18,620

OCF = $47,380

3. Using the top down approach

OCF = Sales - Costs - Taxes

OCF = $125,000 - $59,000 - $18,620

OCF = $47,380

4. Using the bottom up approach

OCF = Net income + Depreciation

OCF = $34,580 + $12,800

OCF = $47,380

8 0
3 years ago
what term refers to selling goods in a foreign market at a price that is far below the cost of production? A. profiteering B. sc
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Dumping is the ILLEGAL selling goods in a foreign market at a price that is far below the cost of production

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3 years ago
Actor Sissy Spacek once objected to a series of movie scenes that included her smoking a certain brand of cigarettes. She was pr
Fiesta28 [93]

Answer:

C.product placement.

Explanation:

This is a paid product message aimed at influencing movie (or television) audiences via the planned and unobtrusive entry of a branded product into a movie or television program.

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3 years ago
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