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vovikov84 [41]
3 years ago
13

What is the functions of a commercial bank? Explain.

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

A commercial bank offers products and services such as loans, savings accounts, safety deposit boxes and mutual fund/insurance to individuals and businesses.

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Item 15Item 15If Beck's Bicycles, Inc.'s income statement shows gross profit of $350 million, with operating expenses of $120 mi
Alinara [238K]

Answer:

$161 million

Explanation:

Given that,

Gross profit = $350 million

Operating expenses = $120 million

Tax rate = 30%

First, we need to find out the income before taxes by subtracting operating expenses from the gross profit then we are able to determine net income after taxes.

Income before tax:

= Gross profit - Operating expenses

= $350 million - $120 million

= $230 million

Net income after taxes:

= Income before tax - Taxes

= $230 million - (0.30 × $230 million)

= $230 million - $69 million

= $161 million

8 0
3 years ago
Organizational portfolio plan, the final phase of the strategic planning process, involves?
Mnenie [13.5K]

The main purpose of organizational portfolio plan is to ensure that the high-level strategy that the organization is implementing translated to an actual workable plan that is measurable and specific enough to be executed by the relevant business functions responsible.

A gap between strategy and executed plans are a very common business problem to encounter in various industries. Thus, the best answer for the question is (A) identifying strategic business units (sbus) and establishing methods to determine how resources should be allocated among the various sbus.

3 0
3 years ago
True or false a culinarian is who has studied and continues to study the art of cooking
Vika [28.1K]
True! culinarian comes from the root word 'culinary'
3 0
3 years ago
Drew bought a computer for personal use from Hale Corp. for $3,000. Drew paid $2,000 in cash and signed a security agreement for
Svet_ta [14]

Answer:

Obtain a deficiency judgment against Drew for the amount owed.

Explanation:

Even though Hale repossessed the computer, it must still seek a deficiency judgment against Drew in order to recover the money owed. If Drew cannot pay his debt, he has the right to request Hale to sell the computer in order for Hale to recover the money owed.  

Repossession is one way that a lender can use to reclaim property that was put as collateral for a loan. For example, if you do not pay your car loan, the lender can simply repossess your car by taking it away without a court order. But the debtor still had the right to try to reclaim the property by paying the debt or agreeing on some type of payment procedure.

6 0
3 years ago
How would you sell me a computer? What would you say
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Answer:

I will sell u the computer by saying that is one of the best computers in my day.

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