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IgorC [24]
2 years ago
9

Which of the following items may be a good consideration in selecting a bank? I. The bank sends a representative to the local ma

ll to promote new applications. II. Number of ATMs or bank branches near where you live, shop, work, or travel. III. Knowledge of personal usage habits and needs. A. I and II b. II and III c. I and III d. I, II and III Please select the best answer from the choices provided A B C D.
Business
1 answer:
wolverine [178]2 years ago
3 0

The good consideration while selecting a bank includes:

  • number of near ATMs or bank branches.
  • knowledge of personal usage habits and needs.

<h3>What is meant by good consideration?</h3>

The consideration here means the act of assessing the favorable condition over unfavorable condition while trying to select a bank.

So, the good consideration while selecting a bank includes number of near ATMs or bank branches and knowledge of personal usage habits and needs.

Therefore, the Option B is correct.

Read more about Bank consideration

<em>brainly.com/question/13834098</em>

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A hospital performs 3 types of operations. The first type takes 30 minutes, and they charge $500 for it. The second type takes 1
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The 30 min operation is 20 
the 1 hr operation is 10
and the 2 hr operation is 5
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3 years ago
Price discrimination is possible when a firm is able to​ ______.
irina1246 [14]

Answer:

d. identify and separate different types of​ buyers, and sell a product that cannot be resold

Explanation:

Segmenting the market into different groups is a way to charge varying prices. Each group has their own demand curve.

4 0
3 years ago
Read 2 more answers
Digg Co. installs a manufacturing machine in its factory at the beginning of the year at a cost of $36,000. The machine's useful
Nastasia [14]

Answer:

Annual depreciation (year 1)= $1,400

Explanation:

Giving the following information:

Buying price= $36,000.

Useful units= 300,000 units of product.

Salvage value= $6,000

During its first year, the machine produces 14,000 units of product.

To calculate the depreciation expense for the first year under the units of production method, we need to use the following formula:

Annual depreciation= [(original cost - salvage value)/useful life of production in units]*units produced

Annual depreciation= [(36,000 - 6,000)/300,000]*14,000

Annual depreciation= 0.1*14,000= $1,400

3 0
3 years ago
The people in an economy have $25 million in money. There is only one bank where they deposit their money and it holds 10% of th
Klio2033 [76]

Answer:

The people in an economy have $25 million in money. There is only one bank where they deposit their money and it holds 10% of the deposits as reserves. What is the money multiplier in this economy?

D. 10

Explanation:

10% of $25, 000, 000= $2,500,000

Money multiplier in this economy is by 10

6 0
3 years ago
The following information is available for two different types of businesses for the 2014 accounting period. Lewis CPAs is a ser
gayaneshka [121]

Answer:

a-1) Lewis CPAs Income Statement:

Service Revenue              $60,000

Salary Expense                -$40,000

Net Income                       $20,000

a-2) Lewis CPAs Balance Sheet:

Cash                                  $100,000

Total Assets                     $100,000

Liabilities + Equity:

Bank Loan                          $80,000

Retained Earnings             $20,000

Total Liabilities + Equity $100,000

a-3) Lewis CPAs Statement of Cash Flows:

Cash from customers                      $60,000

Cash to suppliers of labor              -$40,000

Net Cash from operating activities $20,000

Bank Loan                                        $80,000

Total Cash inflows                          $100,000

a-4) Casual Clothing Income Statement

Sales                   $60,000

Cost of Sales      -$32,000

Gross Profit        $28,000

Operating Exp    -$7,200

Net Income         $20,800

a-5) Casual Clothing Balance Sheet:

Cash                                 $82,800

Inventory                           $18,000

Total Assets                   $100,800

Liabilities + Equity:

Bank Loan                         $80,000

Retained Earnings            $20,800

Total Liabilities + Equity $100,800

a-6) Casual Clothing Statement of Cash Flows:

Cash from customers                    $60,000

Cash to suppliers                          -$50,000

Operating Expenses                       -$7,200

Net Cash from operating activities $2,800

Bank Loan                                      $80,000

Total Cash inflows                         $82,800

b) Casual Clothing has product costs.  While Lewis CPAs has service costs.

Explanation:

a) Revenue from Customers:  Lewis CPAs as a service business does not have sales as revenue from customers.  Its revenue from customers is described as Service Revenue.  For Casual Clothing, its revenue from customers is typically described as Sales.

b) Cost of Goods Sold: Lewis CPAs has cost of goods sold in the form of salaries paid to providers of labor, while Casual Clothing's cost of goods sold is in the form of inventory.   Therefore, there is always inventory either at the beginning or at the ending of the business period.

c) Ending Inventory for Casual Clothing is determined as follows:

Purchase =             $50,000

Cost of Sales =     -$32,000

Ending Inventory = $18,000

d) Cash Balances:

i) Lewis CPAs:

Bank Loan =                    $80,000

Cash from customers =  $60,000

Salary Expense=            -$40,000

Balance =                       $100,000

ii) Casual Clothing:

Bank Loan =                     $80,000

Purchases =                    -$50,000

Cash from customers =  $60,000

Operating Expense=        -$7,200

Balance =                        $82,800

e) The Net Income in each case is treated as Retained Earnings since there are no other charge against it.

3 0
3 years ago
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