Answer:
Currently, the majority of large banks offer deposit accounts, lending, and limited financial advice to both demographics. Products offered at retail and commercial banks include checking and savings accounts, certificates of deposit (CDs), personal and mortgage loans, credit cards, and business banking accounts.
Banks earn money in three ways: They make money from what they call the spread, or the difference between the interest rate they pay for deposits and the interest rate they receive on the loans they make. They earn interest on the securities they hold.
Functions of Commercial Banks: - Primary functions include accepting deposits, granting loans, advances, cash, credit, overdraft and discounting of bills. - Secondary functions include issuing letter of credit, undertaking safe custody of valuables, providing consumer finance, educational loans, etc.
Explanation:
Firestone exemplifies a corporate distribution system by owning its manufacturing sites as well as retail stores that sell its tires.
<h3>What is corporate distribution system?</h3>
A corporate system is where a distribution channel owns all of the others by combining distribution channel under the leadership of a single business.
A corporate distribution system keeps track of its manufacturers', wholesalers', and retailers' procedures, finances, and deadlines. They are in charge of the whole process of manufacturing.
Hence, Firestone exemplifies a corporate distribution system by owning its manufacturing sites as well as retail stores that sell its tires.
Learn more about corporate distribution system here: brainly.com/question/14326246
Answer:
The reason is no Rental cost (No Fixed cost)
Explanation:
The company don't need to make additional sales to earn additional contributions to cover the fixed cost to remain above the no profit & loss position. So the benefit that it can generate is making higher sales by keeping its price lower than its competitors to win the market share. Of-course customers want same quality product at the lower price and whoever is selling at their desired requirements wins the customer. So this lowering of cost will add value to their business.
Answer:
The inventory would be valued at $75 each
Explanation:
From a market approach to valuation,we need to first of all compare the replacement cost and net realizable in order to pick the lower of both values,hence the replacement cost of $75 is lower than net realizable value of $82.50.
As a result, we can then compare the lower of replacement cost and initial cost,such that inventory can then be valued at the lower of both.
From the foregoing analysis,the replacement of $75 each per item is lower than the initial cost $76.50,invariably our inventory is valued at $75 each.
Answer:
Following is given the detailed solution to the question given.
I hope it will help you a lot!
Explanation: