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34kurt
3 years ago
14

Which is a drawback of virtual (internet only) banks?

Business
1 answer:
Wewaii [24]3 years ago
6 0

Answer:

C) Some transactions can only be done in person, not virtually.

Explanation:

Internet banking is less flexible with transactions because there are certain funds which cannot be deposited via banking apps. Depositing a cheque is somewhat possible through internet banking but it is impossible to deposit cash the same way. The account holder is supposed to personally visit the bank to deposit cash. The process turns out to be extremely cumbersome and time-consuming.

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Consumption consists of spending by households on goods and services, with the exception of Group of answer choices purchases of
Margarita [4]

Answer:

purchases of new houses.

Explanation:

The consumption is the amount that is to be consumed by the consumer or the amount spent by the household with respect to the goods and services they are taking.  

In addition, it is also included while calculating the Gross Domestic Product (GDP). The formula is shown below:

Consumption + Investment + Government purchase + Net exports

where,  

Net exports = Exports - imports  

So in the given situation, the purchase of a new house is considered an exception because most the people purchase the house for renting it that gives them a regular income.

4 0
3 years ago
Paxton Company can produce a component of its product that incurs the following costs per unit: direct materials, $10.90; direct
siniylev [52]

Answer:

$ 8.9

Explanation:

Given:

Direct materials cost = $ 10.90

Direct labor = $ 14.90

Variable overhead cost = $ 3.90

Fixed overhead cost = $ 8.90

Selling price offered for the product = $ 38.60

Net incremental cost = Offered selling price - ( Direct materials cost + Direct labor + Variable overhead cost )

The fixed cost is not included because, it will be incurred whether the offer is accepted or not.

therefore,

Net incremental cost = $ 38.60 - ( $ 10.90 + $ 14.90 + $ 3.90 )

or

The net incremental cost = $ 8.9

7 0
3 years ago
Read 2 more answers
A single-price monopoly can sell 2 units for $8.50 per unit. in order to sell 3 units, the price must be $8.00 per unit. the mar
MAVERICK [17]
Marginal revenue is the ratio that is calculated in order to account for the change in overall income that results from selling one additional unit. This term is usually considered a microeconomic term but has many managerial accounting applications. 

The formula to be used is,
             Marginal revenue = (change in total revenues)/(change in quantity sold)

Revenue for 2 units sold:   R = (2 units)($8.50/unit) = $17
Revenue for 3 units sold:    R = (3 units)($8.00/unit) = $24
   
Change in Total Revenue = $24 - $17 = $7

Marginal Revenue = ($7) / (3 - 2) = $7/1

<em>ANSWER: Marginal Revenue: $7/unit</em>
8 0
3 years ago
Heidi decided to make extra money by offering to do investments for her friends for a fee. She actually did no investing, but us
Sauron [17]

Answer: Option (A)

Explanation:

A Ponzi scheme is referred to as or known as a type/form of a fraud that tends to bait investors and thus pays high profits to the earlier investors with the funds gained or received from recent investors. This scheme tends to lead its victims and other individuals to perceive that these profits are collected from the sales or via other means, thus they tend to remain completely unaware that the investors after them are reason of these funds.

8 0
4 years ago
Which of the following is a variable cost for a company that makes bread?
sergeinik [125]

The variable cost for a company that makes bread is : Bread ingredients.

3 0
3 years ago
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