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3 years ago

Banking is a general term for what?

2 answers:

7 0

What is a term in banking?
A general term encompassing savings banks, savings and loan associations, and credit unions. ... Demand deposit accounts, NOW (negotiable order of withdrawal) accounts, and credit union share draft accounts are examples of transaction accounts.

What is banking in simple terms?
A bank is a financial institution licensed to receive deposits and make loans. Banks may also provide financial services, such as wealth management, currency exchange, and safe deposit boxes. There are two types of banks: commercial/retail banks and investment banks

mafiozo [28]3 years ago

3 0

Answer:

financial institution

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On August 1, Red Company purchased computer equipment for $10,000 cash and also gave 100 shares of White common stock that Red C

hodyreva [135]

Answer:

Explanation:

A capitalized cost of an asset is made up of

1 . Purchase price import duties and non refundable taxes less trade discount and rebate

2. Direct cost of bringing the asset to its present position

3. Fair value given in exchange for the the assets

Cost of Computer

Purchase Price - $10,000

Fair value of White common stock - $4,200

Installation cost - $ 700

Shipping cost - $ 500

Total Cost - $15,400

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2 years ago

EllaJane Corporation was organized several years ago and was authorized to issue 4,000,000 shares of $50 par value 4% preferred

xxMikexx [17]

Answer:

Ellajane Corporation - Journal Entries

Date Particulars Debit Credit

1-Mar Treasury Stock $35,000

To Cash $35,000

(Being 2500 shares of treasury stock purchased at $14 per share)

10-Apr Cash A/c (1250*$18) $22,500

To Treasury Stock (1250*14) $17,500

To Additional Paid in Capital $5,000

(Being 1250 shares of treasury stock sold at $18 per share)

12-Jun Cash A/c (1250*12) $15,000

Additional Paid in Capital A/c $2,500

To Treasury Stock (1250*14) $17,500

(Being 1250 shares of treasury stock sold at $12 per share)

4 0

2 years ago

How are hourly wages and salary different? Select the best answer from the choices provided. A. Salary is less money than hourly

Alik [6]

D is the answer to this question. Hope this helps.

8 0

2 years ago

Sales variance analysis is used by managers for: Select one: a. Planning purposes only. b. Budgeting purposes only. c. Control p

pychu [463]

Answer:

e. Planning and budgeting purposes.

Explanation:

Sales variance analysis is used by managers for planning and budgeting purposes, as this analysis allows managers to better understand the company's sales scenario in a given period in relation to different variables such as budgeted quantity, quantity sold and amount of profit made.

Through analysis, greater control and strategic planning and future budgets are possible so that an organization remains profitable and competitive in the market.

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3 years ago

Suppose the firm faces a price of $49, an average variable cost of $26, and has an average fixed cost of $5. In the short-

pychu [463]

Answer:

A) can cover all its costs, ⇒ C) and will have a profit per unit of $18.

Explanation:

The company sells its products at $49 per unit, and each unit's total cost is $31 (= $26 variable costs + $5 fixed costs), therefore the company is covering all its costs and making an $18 profit (= $49 - $31) for each unit is sells.

3 0

3 years ago