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zzz [600]
3 years ago
7

Define the term ‘‘Retail banking’’ and explain how different is it from ‘‘wholesale banking’’?

Business
1 answer:
slega [8]3 years ago
6 0

retail banking is banking which is used by retailer and bankers

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If the expected sales volume for the current period is 7,500 units, the desired ending inventory is 263 units, and the beginning
pentagon [3]

Answer:

Total production for the current period is expected to be 7420 units.

Explanation:

The current production should be enough to meet the required units needed for the desired ending inventory and the units needed to meet the current sales after adjusting for the opening inventory of units that is available. Thu,s the current production requirement will be,

Production = Closing Inventory + Sales - Opening Inventory

Production = 263 + 7500 - 343

Production = 7420 units

7 0
3 years ago
A nation's legal system is usually of very little interest to international business managers, because international businesses
olganol [36]

The answer is True

The four fundamental systems of civil law, common law, statutory law, and religious law—or mixtures of these—are typically the foundations of the present national legal systems. However, because each nation's legal system is molded by its distinct past, it contains distinctive variances. Comparative law is the name of the field of study that examines law just at level of legal systems.

Both civil law (also known as Roman law) and legal system systems can be regarded as the most prevalent in the globe. Civil law is the most prevalent in terms of both landmass and population, while common law is used by the most people of any single civil law system.

To know more about fundamental refer to brainly.com/question/2224584

#SPJ4

7 0
2 years ago
You purchased a new smart-phone. The cost to you is $39.95 per month for 2 years. Warranty coverage is $12.99 per month. What is
Kobotan [32]

Answer:

The total cost of the phone is $1,270.56

Explanation:

The total cost of the phone is computed as:

Total cost = Cost of phone for 2 years + Cost of warranty coverage for 2 years

where

Firstly, the cost of phone for 2 years is computed as:

Cost of phone =( For first year) Per month Cost × 12 months  +( For second year ) Per month Cost × 12 months

= $39.95 × 12 + $39.95 × 12

= $ 479.4 + $479.4

=$958.8

Then, the Cost of warranty coverage for 2 years is computed as:

Cost of warranty = ( For first year) Per month Cost × 12 months  +( For second year ) Per month Cost × 12 months

= $12.99 × 12 + $12.99 × 12

= 155.88 + $155.88

= $311.76

Therefore, the total cost would be:

Total cost = $958. 8 + $311.76

= $1,270.56

3 0
3 years ago
A miner working for a mining company requests the purchasing agent of the company to buy a particular brand of high powered LED
sesenic [268]

Answer:

The correct answer is letter "B": users.  

Explanation:

We can identify seven (7) roles members of a company can play in the organizational purchasing process: <em>initiators, users, buyers, influencers, deciders, approvers, </em>and <em>gatekeepers</em>. The users are the characters who are likely to benefit directly from the purchase since the products bought will be provided to them. Sometimes they play the role of the <em>initiators </em>requesting what is necessary.

7 0
3 years ago
Check all that apply. Decrease the company’s use of debt capital because it will decrease the equity multiplier. Reduce the comp
kenny6666 [7]

Answer: Decrease the company's use of debt capital because it will decrease the equity multiplier (TRUE)

Reduce the company's operating expenses, its cost of goods sold, and/or the interest rate on its borrowed funds because this will increase the company's net profit margin (TRUE)

Decrease the amount of debt financing used by the company which will decrease the total asset turnover ratio (FALSE)

Use more debt financing in its capital structure and increase the equity multiplier (TRUE)

Explanation:

EQUITY MULTIPLIER is given as (Total Asset)/(Total shareholders equity). It measures how much of a company's asset is financed by shareholders. A company finances its assets through the combination of shareholder equity and DEBT (liability). Thus, the greater the percentage of debt used in financing asset, the lower the proportion of equity used. In order words, if debt decreases, asset decreases and therefore equity multiplier decreases.

NET PROFIT MARGIN is given as (Net Profit)/(Sales Revenue). Net profit increases when operating expenses, cost of goods sold, and interest rate deceases. This will lead to an increase in net profit margin.

TOTAL ASSET TURNOVER RATIO is given as (Net sales)/(Total Asset). It measure the effectiveness of an organisation to produce and make sales using its assets. If debt financing is decreased, it lead to a decrease in total asset and then increase (not decrease) in asset turnover ratio (assume net sales does not change)

We had defined equity multiplier above. If we use more debt financing, the proportion of equity in asset reduces, leading to an increase in equity multiplier.

6 0
3 years ago
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