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Orlov [11]
2 years ago
10

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

Business
1 answer:
IRISSAK [1]2 years ago
5 0

Answer:

C.

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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In its third year, a project is expected to generate earnings before interest, taxes, depreciation, and amortization of $283,104
Lesechka [4]

Answer:

$195,751

Explanation:

Calculation for the project's expected operating cash flow

The first step will be to find the EBIT

using this formula

EBIT =(Earnings before interest, taxes, depreciation, and amortization -Depreciation expense)

Let plug in the formula

EBIT= 283,104 - 53,228

EBIT= 229,876

Second step is to find the NOPAT using this formula

NOPAT = EBIT(1- tax rate)

NOPAT= 229,876(1 - 0.38)

NOPAT= 142,523

Last step is to calculate for Expected Operating Cash flow

Using this formula

Operating cash flow = NOPAT + Depreciation expenses

Let plug in the formula

Operating cash flow = 142,523 + 53,228

Operating cash flow = $195,751

Therefore the project's expected operating cash flow will be $195,751

3 0
2 years ago
Determine whether the following statement is true or false, and explain your reasoning:
Triss [41]

Answer:

The statement is true

Explanation:

As a fact, I agree that with large sample sizes, even the small differences between the null value and the observed point estimate can be statistically significant.

To put it differently, any differences between the null value and the observed point estimate will be material and/or significant if the samples are large in shape and form.

It's also established that point estimate get more clearer and understandable, and the difference between the mean and the null value can be easily singled out if the sample size is bigger.

Suffix to say, however, while the difference may connote a statistical importance, the practical implication notwithstanding, will be looked and studied on a different set of rules and procedures, beyond the statistical relevance.

6 0
2 years ago
Does anyone have a way or trick on using like blocked websites on a school chromebook?
kap26 [50]
I’m pretty sure u can disable or some way but it depends on like the type of thing your school uses to block websites :(
4 0
3 years ago
"Prepare the issuer's journal entry for each of the following separate transactions.
Charra [1.4K]

Answer:

Dr cash        $303,500

Cr common stock                                      $133,500

Cr paid in capital in excess of par value $170,000

Second issue of shares:

Dr cash       $74,000

Cr common stock  $74,000

Explanation:

The cash received from the issuance of 44,500 at $3 par value is $303,500 which is to debited to cash and credited to common stock for$133,500 ($3*44,500) while the balance of $170,000  ($303,500-$133,500) is credited to paid in capital in excess par value account.

On the issuance of no par value common stock for cash of $74,000,the cash account is debited as usual with $74,000 while the common stock account is credited with same amount.

3 0
3 years ago
According to the FASB conceptual framework, the rele-vance of providing information in financial statements is subject to the co
Liula [17]

Answer:

B. Cost-Benefit

Explanation:

According to the Financial Accounting Standard Board (FASB) framework, it is important to estimate the cost and benefit of information before deciding the relevance of the information. It decides when to disclose and whether to disclose the information

Once, the cost of such information outweighs the benefits of its disclosure then FASB framework terms it as not relevant.

Cost of Information

Financial reporting through the preparation of financial statements has a cost, these costs include provision, preparation as well as the audit of the information provided. The cost-benefit constraint basically intends to ensure that financial statements are most-effectively and most-efficiently prepared.

6 0
2 years ago
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