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3 years ago

What is commercial bank? in your own words.

1 answer:

5 0

A commercial bank is a financial institution that is authorized by law to receive money from businesses and individuals and lend money to them. Commercial banks are also open to the public and serve individuals, institutions, and businesses.

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Sidewinder, Inc., has sales of $634,000, costs of $328,000, depreciation expense of $73,000, interest expense of $38,000, and a

OlgaM077 [116]

Answer:

$86,050

Explanation:

Data provided in the question:

Sales = $634,000

Costs = $328,000

Depreciation expense = $73,000

Interest expense = $38,000

Tax rate = 21 percent

Dividends paid = $68,000

Now,

EBIT = Sales - Cost - Depreciation

= $634,000 - $328,000 - $73,000

= $233,000

EBT = EBIT - Interest

= $233,000 - $38,000

= $195,000

Net income = EBT - Tax

= $195,000 - (0.21 × $195,000)

= $195,000 - $40,950

= $154,050

Addition to retained earnings = Net income - Dividends

= $154,050 - $68,000

= $86,050

7 0

4 years ago

Markland First National Bank of Rolla utilizes Kanban techniques in its check processing facility. The fol-lowing information is

Alisiya [41]

Answer:

the current daily demand of the check processing facility is 8000 units, and a 16 containers is required.

Explanation:

Solution

Given that,

(A) The calculation of delay demand is as follows:

K = (<u>+_</u>) (<u>1 +)</u> C

K = is the number of containers

d = the average delay demand

w = the waiting time per average per unit

p = the average processing time per unit

C = Container quantity

α = safe guard policy variable

Now,

The average processing time = 2/24 * 60 =0.0167

The average waiting time is = 2/24 =0.083

The required number of container = 20 = (0.083 + 0.0167 ) (1 + 0.25) /50

which is

20 * 50 = (0.1) (1.25)

Thus,

1000 / 0.125 = 8000

Now,

The average daily demand is 8000

The next step is to find out how many containers would be needed.

Now,

If there is no waste, it is = 0

The required number of containers will be =

K = 8000 ( 0.083 + 0.0167) ( 1 + 0 )/ 50

= 8000/5= 16 Containers

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3 years ago

Industry value chains Multiple choice question. generally have little effect on the company's cost competitiveness and customer

uysha [10]

Answer:

include both suppliers and forward channel partners.

Explanation:

An industry value chain can be defined as a physical representation of all of the activities and processes undertaken by a company or business firm for the manufacturing of goods and services, especially starting with the purchase of raw materials, manufacturing of finished goods and then ending with the delivery of the finished goods (products) to the market and consumers through a supply chain.

This ultimately implies that, industry value chains include both suppliers and forward channel partners.

In conclusion, an industry value chain should comprise of the margins of suppliers, value-creating activities and processes, costs, and forward channel partners.

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3 years ago

Isaac is looking for a business angel. his best chance of finding one is through:

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If Isaac is looking for a business angel, the best chance that he may be able to find one and to know where to look is by having to contact people that are involved with business associates, lawyers and even accountants.

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3 years ago

What is the first step in creating a cash flow statement?

Nimfa-mama [501]

Thinking summarizes the operating, financing and investing activities of an entity

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3 years ago

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What is commercial bank? in your own words. ​

What is commercial bank? in your own words.