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lozanna [386]
2 years ago
7

In two to three sentences, explain online banking and its purpose.

Business
2 answers:
Strike441 [17]2 years ago
5 0

Answer:

It is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website. It is usually used as an easier and faster way to connect with your bank and to access your banking information.

Explanation:

Sergeeva-Olga [200]2 years ago
5 0

Answer:

Banking online means accessing your bank account and carrying out financial transactions through the internet. The purpose of banking online is it allows you to carry out a number of tasks such as paying bills and transferring money, without having to call or go to your bank.

Explanation:

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Tamarisk Company uses the LCNRV method, on an individual-item basis, in pricing its inventory items. The inventory at December 3
deff fn [24]

Answer:

See explanation section

Explanation:

Give

The cost value for each of the inventory item is as follows:

Product           Cost Price

D                        $88

E                        $94

F                        $94

G                        $94

H                        $59

I                          $42

Now, we determine the net realizable value for each of the product:

Net Realizable Value = Selling price - Cost to compete - Selling costs

Product           Net Realizable Value

D                       $93

E                        $73

F                        $70

G                        $41

H                        $82

I                          $47

Now, using the LCNRV (Lower of cost or Net Realizable Value) rule, the proper unit value for balance sheet reporting purposes at December 31, 2020, for each of the inventory items -

Product           LCNRV

D                        $88

E                        $73

F                        $70

G                        $41

H                        $59

I                          $42

5 0
3 years ago
In an Oligopoly industry a change in price by one firm will _____ impact the other firms in the industry.
FrozenT [24]

Answer:

The answer is significantly.

Explanation:

Oligopoly is a market situation in which there are few sellers, selling similar goods and services and many buyers. The barriers to entry in this market in high. Example of a oligopoly market is OPEC.

The competition amongst the few sellers is high because they are selling the same thing and a change in price by one firm will significantly affect other firms in the industry. For example, if a firm reduces the price of its goods, this creates a price war and other firms to start reducing their price to match the lower price. And if another firm increases its price, consumers will switch to competitors

3 0
3 years ago
Why do you think pmi created a separate knowledge area for stakeholder management?
DaniilM [7]
PMI stands for the project management institute and organization which in non-profit for the project management in the United States.
And i think Project management institute created separate knowledge area for stakeholder management to keep the information of stakeholder control within the task or project.
3 0
3 years ago
In late​ 2018, malnutrition was widespread in Venezuela. Writing in an opinion column in the New York Times​, Javier Corrales​ a
suter [353]

Answer: B. No. Imposing a price control below the equilibrium price in a market causes the quantity of the good available to consumers to fall because sellers will supply a smaller​ quantity, thereby causing some consumers to go without food that they would have been able to buy in the absence of the price control.

Explanation:

If price controls are introduced below the equilibrium price in the market, farmers or sellers will supply less to the market because they will not be incentivized to produce more seeing as they are not making what they should be making.

This, coupled with increased demand on account of food being cheaper, will lead to shortages which would mean that those that could have been able to afford the food at the equilibrium price would not be able to access food leading to even worse food shortages.

8 0
2 years ago
You own a business which generates $200,000 in profit per year. Someone has offered to buy it from you. Based on a 5 year projec
cluponka [151]

Answer:

The Present worth is $777930.25

Explanation:

FInd the NPV of the cashflows

NPV = 200000/(1+0.09)^1 + 200000/(1+0.09)^2 + 200000/(1+0.09)^3 + 200000/(1+0.09)^4 + 200000/(1+0.09)^5

= $777930.25

Therefore, The Present worth is $777930.25

6 0
3 years ago
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