All categories

3 years ago

How does a savings account benefit the bank

Business

1 answer:

prohojiy [21]3 years ago

7 0

Answer:

Having a strong base of savings account deposits is critical for a bank to remain solvent and profitable. Banks use that money to lend to borrowers, who then pay interest on their loans. After paying for various costs, banks pay money on savings deposits to attract new savers and keep the ones they have.

Explanation:

You might be interested in

Step2247 [10]

Answer: "systematic review" .
___________________________________________________

7 0

4 years ago

The Clyde Corporation's variable expenses are 40% of sales. Clyde Corporation is contemplating an advertising campaign that will

Butoxors [25]

Answer:

Increase in income= $19,200

Explanation:

Giving the following information:

Clyde Corporation's variable expenses are 40% of sales. Clyde Corporation is contemplating an advertising campaign that will cost $27,000.

Increase in income= increase in sales - increase in variable cost - marketing campaign

Increase in income= 77,000 - (77,000*0.40) - 27,000= $19,200

8 0

3 years ago

Listed as follows are various costs found in businesses. Classify each cost as a fixed or variable cost, and as a product and/or

m_a_m_a [10]

Shipping costs on merchandise sold s an example of a variable cost

<h3>What is variable cost?</h3>

Variable costs are costs that change as the quantity of a good or service produced by a business changes. Variable costs are the total of marginal costs across all units manufactured. They can also be considered standard expenses. The two components of total cost are fixed costs and variable costs.

Variable costs are costs that change with volume. Raw materials, piece-rate labour, production supplies, commissions, delivery costs, packaging supplies, and credit card fees are examples of variable costs.

Formula for Variable Cost. To calculate variable costs, multiply the cost of producing one unit of your product by the total number of products produced. This formula is as follows: Total Variable Costs = Cost Per Unit x Unit Count

To know more about variable cost follow the link:

brainly.com/question/5965421

#SPJ4

5 0

2 years ago

Laws regulating conduct between private parties in matters like contracts, business, and domestic relations are called

Natalka [10]

Answer:

civil law

Explanation:

part of a country's set of laws which is concerned with the private affairs of citizens, for example marriage and property ownership, rather than with crime.

4 0

3 years ago

The process of leaving your money and any accumulated interest in an investment for more than one period, thereby reinvesting th

atroni [7]

Compounding is the process of leaving your money and any accumulated interest in an investment for more than one period, thereby reinvesting the interest.

<h3>What is compounding?</h3>

This can be explained to be a situation where the interest that is made from a sum of money is added into the principal sum of money and reinvested.

The initial principal amount and the interest made after a period when added together is regarded as compounding.