All categories

3 years ago

Why is a bank willing to protect your money for free or for a low cost?

Business

1 answer:

Debora [2.8K]3 years ago

3 0

Answer:

A. Because the bank can invest your money to make more money for itself

You might be interested in

Peter, has discovered another wine, wine D. Wine drinkers are willing to pay 45 dollars to drink it right now. The amount that w

BabaBlast [244]

Answer:

e. 71 dollars

Explanation:

Peter was willing to but the wine for $45

In a year, there is an increase of $15 = $45 + $15 = $60

The interest rate of 10% of $60 = $6

Total = $66 ~ $70

Therefore, the amount he is willing to pay for the win if he buys it as investment would be 71 dollars.

6 0

3 years ago

Figures Incorporated makes a single product—an electrical motor used in many long-haul trucks. The company has a standard cost s

galben [10]

Answer:

variable overhead efficiency variance= $5,389 unfavorable

Explanation:

Giving the following information:

Budgeted variable manufacturing overhead $ 66,570

Budgeted hours 21,000 labor-hours

Standard hours allowed for the actual production 18,000 labor-hours

Actual hours 19,700 labor-hours

To calculate the variable overhead efficiency variance, we need to use the following formula:

variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate

Standard rate= 66,570/21,000= $3.17 per hour

variable overhead efficiency variance= (18,000 - 19,700)*3.17

variable overhead efficiency variance= $5,389 unfavorable

3 0

3 years ago

Sasha's new company has told her that she will be required to move at her own expense in two years. What should she consider bef

mihalych1998 [28]

the answer is: d. The expense of selling the home when she leaves the city.

The expense of selling the home would reduce the amount of money that she eventually made after home is sold. If, the expense took too much percentage from the selling price, sasha would be better of renting her current house instead.

4 0

4 years ago

Read 2 more answers

Which of the following is true of cellphone communication? It is free from policies and legal restrictions. It is cost-effect

Yuki888 [10]

Answer: Statement B and D

Explanation:

Option A : cellphone communication companies and the respective authorities of the countries in which they operate have their own legal restrictions and policies regarding cellphone communication.

Option C : Mobile tapping and on call recording crimes are common these days so cellphones cannot be considered completely confidential and not prone to misuse .

8 0

4 years ago

For a market to be competitive:______.

quester [9]

Answer:

Option A:

Each buyer and seller is small, relative to the whole market; no single decision maker has any influence over the market price.

Explanation:

A competitive market is a market that is characterized by free entry and exit. This means that any party has a right to enter the industry, do business, and leave it freely. In other words, no party or business holds enough stake to become a gatekeeper in that industry.

Furthermore, prices are determined by the forces of demand and supply, and cannot be arbitrarily set by any business.

No single decision maker has any influence over the market price.

This makes option A correct.

6 0

3 years ago