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Aleonysh [2.5K]
3 years ago
12

Why was bank of america industry successful at one point

Business
1 answer:
777dan777 [17]3 years ago
7 0

Answer:

Bank of America (NYSE:BAC) has had its fair share of missteps over the past decade, but it's also had successes. Topping the list for the latter is the progress it's made in mobile banking, which has enabled the bank to slash operating expenses in its consumer banking segment.

You can get a sense for Bank of America's success in this regard by looking at the number of people who use its mobile application. In the most recent quarter, the bank boasted 19.6 million active mobile users. That's five times the number it had in 2009. To put this in perspective, Bank of America has 60 million total clients within 45 million households.

The impact on Bank of America's transaction mix has been dramatic. Mobile check deposits are up by a factor of 10 since 2012, and now account for 16% of all deposit transactions at the North Carolina-based bank. If you also factor in ATM transactions, two-thirds of Bank of America's deposit transactions are now automated. That compares to only 35% in 2009.

Explanation:

You might be interested in
To join together against and have nothing to do with a person, business, nation, employer, or anything else in order to coerce o
solmaris [256]

Answer:

boycott.

Explanation:

Boycott -

It refers to the practice of intentionally not using or stop to using certain products of some specific company , country or person , is referred to as boycott .

The step is also considered to be the part of any protest against any social issue .

If the sme step is done on a national level , it is referred to as sanction .

Hence , from the given scenario of the question ,

The correct answer is boycott .

5 0
3 years ago
Economic theory Group of answer choices
Elis [28]

Answer:

D

Explanation:

Economic theory provides economists with a common language and way of thinking about how the world works

Is a set of definitions, postulates, and principles assembled in manner that helps make cause-and-effect relationships clear in economics?

Is like a guidebook in that it points out what to look for

3 0
3 years ago
Procter & Gamble brands are advertised in more than 180 countries, with different ad themes in scores of different languages
lubasha [3.4K]

Answer:

The correct answer is D. foreign media.

Explanation:

The international press is made up of a series of chains that cover basic aspects of the news. It is said that its usefulness in the massification of information is necessary, since they cover current news from different angles and allow people to enjoy high quality content and coverage.

3 0
4 years ago
On July 5, Harris Company purchased supplies from the hardware store for $600 on account. On July 10, Harris receives a bill fro
vekshin1

Answer:

Debit Accounts Payable 600, Credit Cash 600

Explanation:

as goods are purchased on credit initially it will be recorded on parable.

And when it will be paid the general entry will be:-

Account payable debit =600

cash credit = 600

Harris record the transaction on July 17

Debit Accounts Payable 600,

Credit Cash 600

3 0
4 years ago
Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its ave
NikAS [45]

Answer:

Total cost= $114,800

Explanation:

Giving the following information:

Direct materials $ 6.80

Direct labor $ 4.30

Variable manufacturing overhead $1.60

Sales commissions $ 1.20

Variable administrative expense $ 0.45

Unitary variable cost= $14.35

<u>Total cost for 8,000 units:</u>

Total cost= 14.35*8,000= $114,800

7 0
3 years ago
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