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konstantin123 [22]
4 years ago
10

Why do banks lend money? A. Because they are hoping to trick borrowers into ruining their credit B. Because banks make money fro

m the interest the borrower pays to use the money C. Because otherwise banks would have too much money to be stored in their vaults D. Because it is expected by society
Business
2 answers:
lesantik [10]4 years ago
8 0

Answer: B

Explanation:Banks lend money to make more money on the amount given out as loans.

One of the main reason a bank is set up is to make profit. As a business, one of the ways a bank can make profit is by giving out loans with interest at an agreed rate for a particular period of time.

Anton [14]4 years ago
5 0

Answer:

the anwser is D

Explanation:

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David used part of $100,000 to purchase a house. Of the remaining portion, he invested 1 3 of it at 4 percent simple annual inte
VikaD [51]

Answer:

The purchase price of the house is $94,000

Explanation:

Let the amount invested by David be b, then the amount used to purchase the house would be 100,000 - b

If he invested 1/3 of it at 4 percent simple annual interest and 2/3 of it at 6 percent simple annual interest. If after a year the income from the two investments totaled $320

Then,

\frac{1}{3}b × 4% + \frac{2}{3}b × 6% = 320

\frac{b}{3} × \frac{4}{100} + \frac{2b}{3} × \frac{6}{100}  = 320

\frac{4b}{300} + \frac{12b}{300} = 320

\frac{16b}{300} = 320

16b = 320 × 300

b = 320 × 300/16

b = 6,000

Therefore, the cost of the house (100,000 - b)

= 100,000 - 6,000

= $94,000

4 0
4 years ago
Rosemarie and Dominique, owners of Sugarplum Coffee and Pastry Shop, are concerned because Panera Bread is opening a new store j
Vlada [557]

Answer:

a. competitor

Explanation:

Where a new firms decide to supply or produce goods or services that are of close substitute to the ones produced by a firm, such new firms are  termed competitors to the old ones. This is because the two firms both new and old will be competing for the scarce resources of the consumer and the market share. Here Panera Bread will be offering goods of close substitute to Rosemarie and Dominique products

5 0
3 years ago
Forrest Company manufactures phone chargers and has a JIT policy that ending inventory should equal 20% of the next month’s esti
UNO [17]

Answer:

Total= 446,000 units

Explanation:

Giving the following information:

The inventory should equal 20% of the next month’s estimated unit sales. It estimates that October’s actual ending inventory will consist of 92,000 units. November and December sales are estimated to be 460,000 and 390,000 units, respectively.

Production:

Sales= 460,000

Ending inventory= (390,000*0.2)= 78,000

Beginning inventory= (92,000)

Total= 446,000 units

6 0
3 years ago
A purely competitive firm finds that the market price for its product is $30.00. It has a fixed cost of $100.00 and a variable c
Alinara [238K]

Answer:

Yes $30 agsinst $19.50

The variable cost for the first 50 untis is $17.50

Yes $30 against $27.25

average variable cost for the first 100 units $26.25

Marginal cost for the first 50 units: 17.50 which is lower than marginal revenue

from 51 units and subsequent untis: 35 which is higher than marginal revenue

It will produce 50 units achieving $525 of profit

Explanation:

$100 fixed cost /50 units + 17.50 = 19.50 average cost

selling price: $30

100 fixed cost + 17.50 x 50 + 35 x 50 = 2725

total cost 2,725 / 100 units = 27.25 unit average cost

selling price $30

($17.50 x 50 + $35 x 50)/100 = 26.25

After the 50untis our profit will decrease as the marginal revenue is lower than marginal cost thus, we stuop production at the 50 units:

50 x 30 - 100 fixed cost - 17.50 x 50 variable cost = 525 profit

4 0
3 years ago
IFRS reporting requires all of the following items except
Lisa [10]

Answer:

Option C would be the correct answer.

Explanation:

In the given question, options are not mentioned. Please find the attachment of the complete query.

  • IFRS sets universal guidelines because whatever income accounts across the global economy can indeed be appropriate, straightforward, as well as equivalent.  
  • Its purpose is to provide a spatial relationship because of how government entities compile certain financial reports as well as publish them.

Certain alternatives do not apply to the procedure outlined. But the option above would be correct.

4 0
3 years ago
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