When a financial institution supplies a standardized financial product such as a mortgage, it is<u>: reducing transaction costs.</u>
<h3>What is an institution that manages and accommodates a nation's finances?</h3>
A central bank is a financial institution that is accountable for overseeing the monetary system and policy of a nation or group of nations, controlling its money supply, and setting interest rates.
<h3>Who uses financial institutions?</h3>
Almost everyone maintains a protection or checking account, uses debit or credit cards, or needs a loan. Online banking is an electronic way to view account training and pay bills via the Internet and an institution's website.
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Answer:
$27,333.33
Explanation:
The computation of the amount of income reported is shown below:
= Provided services to the customer + Payment received × number of months ÷ given number of months
= $25,000 + $12,000 × 7 months ÷ 36 months
= $25,000 + $2,333.33
= $27,333.33
The seven months is calculated from the June 1 to December 31. We assume the books are closed on December 31
Resume-<span>a brief account of professional or work experience and qualifications, often submitted with an employment application
Skill set-</span><span>the knowledge, experience, and abilities brought to a job or task
</span>mission statement-<span>a summary statement of the philosophy, view, and approach of a company
</span>curriculum vitae-a summary of academic and professional accomplishments; generally longer and more involved than a traditional resume
Answer: Debit Depreciation Expense, $150; Credit Accumulated Depreciation, $150
Explanation:
Depreciation is the decrease in fixed assets for use. At the end of each year the amount corresponding to the use of the assets is carried to accounting expenses, crediting the accumulated depreciation as a counterpart.
In this case it is only one month of depreciation, therefore if we know that annually the asset is going to depreciate US $ 1800, between twelve months it would be US $ 150, which would be due to expenses and credited to accumulated depreciation.
Answer:
D. $109,000
Explanation:
The total selling expense which is an element of the income statement is the sum of the marketing expense and the sales commission.
The sales commission as given is a percentage of the number of units sold.
Total selling expense
= $65,000 + (10% * $40 * 11,000)
= $65,000 + $44,000
= $109,000
