Answer: A. True
B. True
C. False
Explanation:
A. Both Mutual Savings Banks and Credit Unions are owned by the their depositors. Credit Unions are owned and operated by members for the purpose of creating banking services for themselves at a cheaper cost.
Mutual Savings Banks are also owned by members who felt that traditional banks did not favour them.
B. Demand Deposit accounts exist in both commercial banks and Credit Unions but with different names. In Commercial banks they are known as Checking accounts for the most part but Credit Unions call them Share Draft Accounts and members of the Union can use these accounts by writing drafts like Commercial banks allow cheques.
C. While Credit Unions were formed usually for people in the same organisations or people with a common bond, Mutual Savings Banks were generally meant to uplift the lower economic classes so they did not share a common bond as Credit Union members do.
APEX-
A. What safety equipment to wear
B. How to use ladders safely
C. how to handle blood safely
D. How to exit safely in the event of a Fire
If this is correct then D would make the most sense, I remember doing computer applications too <3 hopefully this helps
Answer:
15,160
Explanation:
Net 20 terms: Full amount ready between 20 days, occasionally written as n/20.
Terms 2/10. n/30: with a 2% discount for settlement within 10 days, net 30 implying that the full amount will be ready between 30 days.
The terms 1/10, n/30: with a 1% discount for settlement within 10 days time, net 30 meaning the full amount is going to be ready between 30 days.
Terms 5/10, 2/30, n/60: 5% for settlement within 10 days, 2% for settlement in 11-30 days, full amount due within 60 days.
Net 30 Terms EOM: Payment will be ready in full 30 days after the end of the month (EOM) in which the invoice was given for.
Answer:
The Elston's stockholders' equity on December 31, 2014 is $550,000
Explanation:
For computing the stockholder equity, first, we have to find out the ending retained earning balance which equals to
= Beginning retained earning balance + Net income - dividend paid
= $375,000 + $75,000 - $50,000
= $400,000
where,
Net income = Service revenue - operating expenses
= $700,000 - $625,000
= $75,000
Now the stockholder equity equals to
= Common stock + ending balance of retained earning
= $150,000 + $400,000
= $550,000
Answer:
$ 102,100
Explanation:
Based on the scenario been described in the question the incremental Analysis for replacement of old equipment:
Cost of New used lift
$ 190,500
Saving in Incremental Cost of Repair of old lift
$ (45,000)
Reduction in Annual operating expenses = $25,600 * 6 years
$ (153,600)
Annual Rent revenue from new used lift = $11,000*6 years
$ (66,000)
Sale price of old lift
$ (28,000)
Saving in Incremental Costs
$ (102,100)
Net income increase
$ 102,100
Hence, the net income shall increase by $102,100 if the old liftis replaced.
