Investment banks help companies to purchase, sell and make investments using bonds while commercial banks are concerned on managing deposits on both savings and checking account.
Investment banks aid companies on bringing their investments on public offers; commercial banks are focused on providing security for the clienteles money.
Investment banks have some degree of freedom in choosing their own strategies while commercial banks have more risks because they are open to public transactions.
Answer:
The interest expense of $59,463 must be recognize on its 2020 income statement.
Explanation:
With the given data make an amortization schedule
Hint : First determine the Future Value of the 5-year note
PV = $750,000
N = 5
Pmt = - $195,327
P/yr = 1
i = 9.5%
Fv = 0
<em>Input the elements in a Financial Calculator.</em>
2019
interest expense = $71,250
2020
interest expense = $59,463
Conclusion :
The interest expense of $59,463 must be recognize on its 2020 income statement.
If Sam had followed the guidelines in the college catalog,
then there will be a valid contract that will be established as the school is
likely to bound itself in honoring its obligations that are set forth in the
college catalog. The correct answer is likely b.
Answer:
visible trade in economics, exchange of physically tangible goods between country involving import and export it is distinguished from invisible trade
Answer:
Decrease by 50.
Explanation:
Estimated regression equation was:
Crime = 428 + 0.050 Income
Above regression equation says that if there is an increase in the income level by $1 then as a result crime increases by 5% which shows that there is a direct relationship between the income level and crime level.
Hence, if Income decreases by 1000, then we would expect that Crime will decreases by:
= 0.050 × 1,000
= 50
Decrease by 50.
