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3 years ago

What is a major function of both retail and business banks?

Business

1 answer:

IRISSAK [1]3 years ago

5 0

Answer:

Explanation:

Retail banking is a banking system that deals directly with retail consumers. Retail banking is responsible for providing financial aid to the general population. The major function of retail banking includes providing financial aid, checking and savings accounts.

Business banks, on the other hand, are also a part of the banking industry. It specifically deals with corporates and businesses, ranging from small-sized businesses to large-sized corporates. The major function of corporate banking or business banking is also to provide financial aid, checking and savings accounts.

Therefore, option C is the correct answer.

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Classify each of the studies as either descriptive or inferential. Explain your answers.

Ludmilka [50]

Answer: Descriptive statistics uses the data to provide descriptions of the population, either through numerical calculations or graphs or tables. Inferential statistics makes inferences and predictions about a population based on a sample of data taken from the population in question.

Explanation: Scottsdale, AZ $167 0.973 12.43%

Washington, DC $436 0.990 2.88%

San Francisco $636 1.026 6.55%

as Vegas, NV $74 1.000 19.45%

Nashville, TN $106 0.973 18.09%

They are all Inferential study

8 0

3 years ago

A real estate agent is considering changing her cell phone plan. There are three plans to choose from, all of which involve a mo

Anni [7]

Answer:

req 1)

Plan A

0.42 x 150 + 0.17 x 70 = 74.9

Plan B

0.52 x 150 + 0.15 x 70 = 88.5

Plan C $80

req 2)

from 0 to 190 minutes Plan A

from 191 and beyond Plan C

req 3)

the proportion should be 1/6 daycalls and 5/6 evenings

Explanation:

150 day calls

70 minutes evening calls

Plan A

0.42 x 150 + 0.17 x 70 = 74.9

Plan B

0.52 x 150 + 0.15 x 70 = 88.5

Plan C $80

2) A will be preferable to B as it has the lower cost

now at some point C will be better as the cost is a flat rate

80 dollars / 0.42 per minute = 190.47

3) 0.42X + 0.17Y = 0.52X + 0.15Y

a minute of daycall is 10 cent higher in plan B

while a minute of evening call is 2 cent lower

thus, to balance there was to be 5 times more evening call than day times:

1:5 1 + 5 = 6

the proportion should be 1/6 daycalls and 5/6 evenings

8 0

3 years ago

The Office of Management and Budget ______. Group of answer choices

Serga [27]

Answer Choices:

A. is staffed by accountants, economists, tax lawyers

B. keeps Congress well informed on international affairs

C. was created by Article III of the Constitution

D. consents to treaties and trade agreements negotiated by the President

Answer:

7 0

3 years ago

Read 2 more answers

Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricat

ivann1987 [24]

Answer:

Cost per equivalent unit Materials = $ 2.82

Cost per equivalent unit Conversion = $2.65

Explanation:

Richards Corporation

1) We first calculate the fifo equivalent units .

FIFO Equivalent units can be calculated by the following.

Particulars Units % of Completion Equivalent Units

Mat. Con. Costs Materials C. Costs

Transferred out, 366,000 100 100 366,000 366,000

Ending inventory, 39,000 30 15 11700 5850

Total Weighted Equivalent Units 377,700 371,850

Less

Beginning Inventory: 98,000, 80% 20% 78,400 18000

FIFO Equivalent Units 299,300 353,850

2) We calculate the total costs

Direct Materials Conversion

Costs in beginning Work in Process -$55,200 $97,700

Costs incurred in October - $844,050 $937,300. 

Total Cost $ 899250 1035,000

3) In FIFO The cost per unit is based only on the current costs and current period unit productions.

Materials = $844050/299300= $2.82

Conversion = 937,300 / 353,850 = 2.6488= $2.65

8 0

3 years ago

First to answer gets brainly est

11111nata11111 [884]

One add that I have seen was a grocery store add. The tequneaches that were used were vibrant colors, big words, and compotion of prices. I was affected by the advertisement because you could see the words clearly, and the prices were good.

Hope I helped!

7 0

3 years ago

Read 2 more answers