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3 years ago

What is a major difference between retail banks and credit unions?

Business

2 answers:

Ksju [112]3 years ago

6 0

Answer:

The answer is B Retail banks operate in order to earn profit, while credit unions are nonprofit.

Explanation:

Just took the test :)

Bezzdna [24]3 years ago

5 0

Answer:

Retail banks operate in order to earn profit, while credit unions are nonprofit

Explanation:

What is a major difference between retail banks and credit unions?

Retail banks only serve businesses, while credit unions only serve individuals.

This answer is false, both retail banks and credit unions serve businesses and individuals.

Retail banks operate in order to earn profit, while credit unions are nonprofit.

This answer is true, retail banks earn profits while credit unions are non-profits.

Retail banks only have small local branches, while credit unions are nationwide.

This answer is false. Generally speaking, retail banks have a much larger geographic footprint than credit unions. Many retail banks are found across the entire country (and sometimes world!) but most credit unions are focused on serving their local community.

Retail banks manage a person's money, while credit unions focus on providing loans.

This answer is false. Both retail banks and credit unions offer money/investment management services in addition loans. The financial products offered by retail banks and credit unions depend on the market served and business conditions.

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Which of the followinThe IS-LM can be viewed as a special case of the AS-AD model where:

CaHeK987 [17]

Answer:

Short run aggregate supply curve is flat ( A )

Explanation:

The special case of the AS-AD following the IS-LM is that the short run aggregate supply curve is flat

This is because in an AS-AD model the price level is constant and AD represents an equilibrium point along IS-LM model, hence the price been constant, shows that in short run aggregate supply curve will be flat.

7 0

3 years ago

Essay of market structure

ASHA 777 [7]

Market structure serves as the way the industries in the market are been classified.

<h3>What is Market structure ?</h3>

Market structure can be regarded as a structure that is used in the classification of different industry that made up a market.

The types of market structures are:

perfect competition
oligopoly market
monopoly market
monopolistic competition.

These classification is usually done base on based on their degree and nature of competition of that industry.

Learn more about Market structure here: brainly.com/question/3010212

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4 0

2 years ago

Adele Corp., a wholesaler of music equipment, issued $32,700,000 of 20-year, 6% callable bonds on March 1, 20Y1, at their face a

kirill115 [55]

Answer:

20Y1

Mar 1

Dr Cash 32,700,000

Cr Bonds payable 32,700,000

Sept 1

Dr Interest expense 981,000

Cr Cash 981,000

20Y2

Sept 1

Dr Bonds payable $32,700,000

Cr Loss on Redemption of Bonds 654000

Cr Cash 33,354,000

Explanation:

Adele Corp. Journal entries

20Y1

Mar 1

Dr Cash 32,700,000

Cr Bonds payable 32,700,000

Sept 1

Dr Interest expense 981,000 ($32,700,000*6%/2)

Cr Cash 981,000

20Y2

Sept 1

Dr Bonds payable $32,700,000

Cr Loss on Redemption of Bonds 654,000

Cr Cash 33,354,000 ($32,700,000*1.02)

5 0

3 years ago

taxes: a. are unlikely to affect market supply and demand b. are copmulsory payments to governments c. never affect efficiency i

Crank

Answer:

The answer is B.

Explanation:

Taxes are compulsory payment levied by a government of a country. It is not voluntary.

We have direct and indirect tax.

Direct taxes are those taxes that are imposed on individual and company. A company is charged at a rate after its profit is known. An individual earning salary is charged before the salary is collected.

Indirect taxed are those levied on goods and services. These types of taxed are pass on to the consumers in form of price of goods.

Tax is mandatory for everyone. Its a revenue for government

5 0

3 years ago

a. The Gap purchased inventories totaling $10,438 million during fiscal 2015. Use the financial statement effects template to re

BartSMP [9]

Question Completion:

The GAP is a global clothing retailer for men, women, children, and babies. The following information is taken from The Gap's fiscal 2015 annual report.

Selected Balance Sheet Data ($ millions)

2015 2014

Inventories $1,901 $1,861

Accounts Payable 1,140 1,145

Answer:

The Gap

a) Cost of Goods Sold: $10,398

The cost of goods sold increases the Expenses and reduces the Net Income in the Income Statement.

b) The cash paid to suppliers is $10,443.

Explanation:

Data and Calculations:

Accounts Payable

Beginning balance $1,145

Purchases 10,438

Payment 10,443*

Ending balance 1,140

*Payment = Beginning balance Plus Purchases Minus Ending balance.

Cost of Goods Sold:

Beginning Inventories $1,861

Purchases 10,438

Ending Inventories (1,901)

Cost of goods sold $10,398

6 0

3 years ago