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3 years ago

Please help meeee!!!!!

Business

1 answer:

mestny [16]3 years ago

8 0

Answer:

Banks are owned by shareholders, while credit unions are owned by members

Explanation:

Banks are financial institutions established by the founders to make profits. Due to their capital requirements, banks are large corporations owned by the private sector or government. Like other corporations, the owners of a bank are its shareholders.

Large organizations form credit unions to cater to their employees well being. Credit unions are not for profit organizations since they are formed to cater to its members' well beings. It means membership to the credit union is limited to the founding organization's employees unless otherwise stated. The members of the credit unions are its owners.

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A machine was purchased at a cost of $70,000. The equipment had an estimated useful life of eight years and a residual value of

RoseWind [281]

Answer:

Loss on sale of machinery = $8,000

Explanation:

Under Straight line depreciation method, depreciation is calculated as follows:

Depreciation to be charged per annum over the life of asset is given by the formula: = $\frac{cost\ -\ salvage\ value}{useful\ life}$

Depreciation = ($70,000 - $ 6,000) ÷ 8 years

Depreciation to be charged every year = $8,000

Now, total depreciation charged till the end of 6 years = 6 × $8,000 = $48,000

Book Value at the end of year 6 = $70,000 - $48,000= $22,000

Sale Value of the asset = $ 14,000

Loss on sale = $22,000 - $14,000 = $8,000

7 0

3 years ago

When you purchase a package of gum at the grocery store for $1.30 and you hand the clerk a $5 bill, she gives you three dollar

deff fn [24]

3.70 bc think of it in real life

3 0

3 years ago

Who owns the alcoholic beverages of a private club answer?

Helen [10]

The owner of the club is the person who owns the alcoholic beverages of a private club.

Further Explanation:

Private club:

A club is any sort of gathering that has individuals who meet for a social, scholarly, or political reason, for example, fitness centers, nation clubs, book clubs, and ladies' affiliations.

private clubs discriminate:

In this manner, while it is unlawful to segregate based on race or national beginning in lodgings, cafés, theaters, open transportation and open stops, the Federal social liberties laws don't make it unlawful for genuine exclusive hangouts and religious associations to separate on whatever premise they pick.

Private clubs of alcohol:

Like everything else about exclusive hangouts, the particular laws change in each state and district. Normally, just the part can pay for the liquor and the drink can't be expelled from the premises. A few zones with exacting liquor laws may permit an alternate sort of exclusive hangout.

private club guests pay for alcohol:

The holder of a Private Club Registration Permit (N) is approved to serve mixed refreshments to its individuals and their guest(s) for utilization on the authorized premises. Just individuals may pay for the administration of a mixed refreshment.

Subject: business

Level: High School

Keywords: Private club, private clubs discriminate, Private clubs of alcohol, private club guests pay for alcohol.

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8 0

3 years ago

Read 2 more answers

Mantle Publications publishes a golf magazine for beginners interested in learning and playing golf. The magazine sells for $4.0

omeli [17]

Answer:

December:

Dr cash $16,000

Cr subscription revenue $16,000

Dr cash $216,000

Cr unearned revenue $216,000

January 2017:

Dr unearned revenue $18,000

Cr subscription revenue $18,000

Explanation:

The sales of 4000 copies at the newstand means that revenue of $16,000($4*4000) has been earned in December,which means that cash would debited with $16,000 and sales revenue credited with the same amount.

In December,the subscriptions received in advance for 2017 of $216,000($36*6000) would be debited to cash and credited to unearned revenue account.

At the end of January,the unearned revenue would be debited with $18,000($216,000/12) in respect of subscription earned as a result of the Magazine been mailed to subscribers in the month,which now entitles the company to one month subscription as earned sales revenue.

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3 years ago

To generate higher profit margins, producers must work to

kotegsom [21]

Is there Answer choices?

4 0

3 years ago