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3 years ago

The bank pay for the use of money in the form of

Business

1 answer:

Snowcat [4.5K]3 years ago

6 0

Answer:

see below

Explanation:

Banks pay interest on customer deposits. It means that a customer's deposit will grow if left at the banks for some period. When a customer deposits, the bank retains only a small fraction of the money in its custody. The bigger portion is loaned out to other customers. Therefore, a bank uses customer deposits to create loans. In return, the banks will pay customers interest for the use of their deposits. Banks also charge interest when they loan out money.

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____________ is a management application that takes a deterministic approach in evaluating decisions regarding current and futur

a_sh-v [17]

Answer:

Menu engineering

Explanation:

The interdisciplinary study of profitability and popularity of the strategic layout of menu items is referred to as menu engineering. It also deals with menu pricing, design, and content. A grid is also used to evaluate decisions regarding current and future menu content. It is also a management application.

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3 years ago

Chrysler has a financial unit that is responsible for vehicle leases to consumers. it has a distinct mission, control over its r

tensa zangetsu [6.8K]

This financial unit is an example of a "strategic business unit".

Strategic Business Unit (SBU) suggests an independently managed division of an extensive organization, having its own vision, mission and goals, whose arranging is done independently from different organizations of the organization. The vision, mission and destinations of the division are both particular from the parent enterprise and essential to the long term execution of the enterprise.

The structure of Strategic Business Unit comprise of working units; wherein the units fill in as a self-ruling business.

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3 years ago

Wilmington Company reported pretax income of $25,000 during 2018 and $30,000 during 2019. Later it was discovered that the endin

Vika [28.1K]

Answer:

$28,000

Explanation:

When closing inventory is understated during an year, it would lead to understated profits during the year i.e understated net income for the year 2018.

So, correct pre tax income for 2018 would be,

= reported pre tax income + the amount by which closing inventory was understated

= $25,000 + $2000 = $27000

Now, since the same closing inventory would become the opening inventory for 2019, this means, the opening inventory for 2019 was understated.

When opening inventory is understated, it would lead to inflated net income for the year 2019. Thus, the extent by which the inventory has been understated has to be reduced from the reported pre tax profits for the year 2019.

Hence, correct pre tax income for 2019 would be,

= $30,000 - $2000 = $28000

6 0

3 years ago

Eastwood Post Pavillion received a $650 check from a customer for the balance due. The transaction was erroneously recorded as a

s344n2d4d5 [400]

Explanation:

The correct journal entry is as follows:

Cash Dr $90

Service revenue Dr $560

To Account receivable $650

(Being the cash received is recorded)

Basically we debited the cash for $90 and service revenue for $560 and credited the account receivable for $650 so that the correct posting could be done

The cash difference is

= $650 - $560

= $90

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3 years ago

The most highly visible component of the marketing mix is?

san4es73 [151]

c. promotion
d. prepare the report.
a. that attempts to compare the responses of the same or similar people under different circumstances. (not 100% sure it could be c)

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3 years ago