Answer:
A bank run occurs when a large number of customers of a bank or other financial institution withdraw their deposits simultaneously over concerns of the bank's solvency. As more people withdraw their funds, the probability of default increases, prompting more people to withdraw their deposits.
Answer:
this is correct
B. His credit score would most likely go up. A higher credit score could make lenders refuse to offer him credit or possibly offer him credit at a much higher interest rate
Answer:
1.- The operating income would <u>increase </u>for $680
2.- The operating income would <u>decrease</u> for $680
3.- The Operating Income would be $59,500
Explanation:
We are going to use the contribution margin per unit
<u>This way we avoid most of the calculations</u>
1.- Contribution Margin x ΔUnits = ΔOperating Income
CM per units 17 x 40 = <em>680</em>
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2.- Contribution Margin x ∨Units = ∨perating Income
CM per unit x (-40) = <em>-680</em>
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3.- Contribution Margin x Sales Volume - Fixed Cost = Operating Income
17 x 6,800 - 55,700
115.600 - 55,700 =<em> 59,900</em>
Answer: None of the choices
Explanation:
None of the choices are correct. It is an example of NO TORT. A tort occurs when a claimant suffers harm or loss as a result of the action of another person. An example of a tort is theft. claims what belongs to another person.
In this case, it is a no tort as customers willingly go to Ok dry cleaning. One factor which enhanced the transfer of customers from Purity to Ok dry cleaning is advertisement.
