Answer:
Operational
Explanation:
Operational customer relationship management entails automation and improvement of customer business processes e.g. sales automation, marketing automation etc. The purpose of operational customer relationship management is to streamline the business processes in order to create the best experience for the customers of the business.
Answer:
Assets are greater than liabilities when there are positive capital requirements.
Explanation:
- Morrie's student loan is an asset from Morrie's perspective. {false}
Morrie's student loan is a <em>liability</em> form his/her perspective. It is an asset for the borrower of the loan, usually a bank.
- Jane's car loan is a liability from Jane's perspective; this same loan is also viewed as a liability from the bank's perspective. {false}
This is one is half true, half false because Jane's loan is a liability from her perspective, but for the borrower, the bank, it is an asset.
- Assets are greater than liabilities when there are positive capital requirements.{true}
Because Working Capital = Current Assets minus (-) Current Liabilities. Usually Assets need to be grater than liabilities to have positive capital or Working Capital.
- Bank deposits at the Federal Reserve are a liability for the bank. {false}
Bank deposits at the Federal Reserve are a "special kind" of asset. What I mean by that is a requirement by the Federal Reserve to have a deposit in there as a security or collateral but since that deposit is just there. The bank actually can work or make profit out of it.
This a simple interest question with the principal = $25,000 time = 90 days and rate = 7%.
The simple interest in an investment after t days is given by PRT / (100 x 360). where P = $25,000 R = 7% and T = 90
S.I = (25000 x 7 x 90) / (360 x 100) = 15750000 / 36000 = 437.5
Therefore, the amount of interest Jasper will collect is $437.50
TD Ameritrade is an example of a brokerage firm, a type of non depository financial institution.
<h3>What are financial institution?</h3>
Financial institution is referred as statutory body which helps in dealing with the financial transactions which includes withdrawing and depositing of money, allowing loans and helping in exchange for the currency.
A brokerage business is a location where stock buyers and sellers can exchange. The company serves as a mediator between buyers and sellers and offers an open trade environment.
This brokerage helps to crack the best deal for their clients. They help to negotiate to get the best resources for business and achieve profit.
Therefore, TD Ameritrade shows the example of brokerage firm.
Learn more about financial institution, here:
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Answer:
n = ㏒ P ÷ ㏒ (1.08)
Explanation:
Compound interest rate
A = P × 
where
P = principal amount (the initial amount you borrow or deposit)
r = annual rate of interest (as a decimal)
A = amount of money accumulated after n years, including interest.
n = number of years
Since we want the principle amount to double i.e., A = 2P
put this in above equation
2P = P ×
divide both sides by P, we get
P =
put r = 0.08
P = 
P = 
Taking log on both sides
㏒ P =㏒
㏒ P = n ㏒ (1.08)
n = ㏒ P ÷ ㏒ (1.08)
