Answer:
True
Explanation:
Financial services are the activities rendered by any financial institution such as the banks to their customers. Most of the services are done at a fee that makes the main source of revenue for banks. The revenue is spent to pay the overall expenses of the bank. If the expenses are lower than the revenue, a bank makes profit. If expenses exceed revenue, a bank makes loss which is not mostly the case. Therefore, it is true to say that banks work to earn a profit by selling financial services.
Josh's company, like many other organization, is a hierarchical organizational structure.
<h3>What is a hierarchical organizational structure?</h3>
A hierarchical organizational structure is a formal type of structure that is usually followed by the multi-national and large industries.
It is a systematic structure, in which decisions are made by the top management. Then, the decisions being made by the top level will be followed by the other departments.
It is a formal decision making process.
Learn more about the hierarchical organizational structure here:-
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Answer:
$3.344,67
Explanation:
Investment A( Simple interest) = Cf= Ci x(1+(ixn)) = $10.000 x(1+0,0775*10)=
$17.750
Investment B (Compound interest)= Cf= Ci x(1+i)^n = $10.000 (1+0,0775)^10=
$ 21.094,67
A - B = $17.750 - 21.094,67 = - $3.344,67