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2 years ago

Banks that offer low interest rates to people with good credit

Business

2 answers:

vladimir2022 [97]2 years ago

6 0

THE ANSWER IS B ..................................................................

krek1111 [17]2 years ago

3 0

The answer is: B. sacrifice profits for less risk.

Interest rates influence the amount of money that the borrower had to give back to the bank and Higher interest rate would give higher profit for the bank.

When bank people give low interest rates for people with good credit, the number of revenue that bank would make from giving the loan would decrease. But people with good credit has high likelihood of returning the money they borrow, which mean that there is less risk for the bank.

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The Harriet Hotel in downtown Boston has 100 rooms that rent for $150 per night. It costs the hotel $30 per room in variable cos

Effectus [21]

Answer:

In order to maximize average daily profit, optimal number of reservations = 100 rooms.

Explanation:

As for the provided information, we have

Total number of rooms = 100

Chances of guests not arriving = 5%

Therefore, guests to arrive = 95%

Thus, bookings = 100/95% = 105.26

Rounding off we have 105 rooms,

Let us assume, all rooms are booked and no cancellation is done, in that case,

Total revenue = $150 $\times$ 100 = $15,000

Less: Overbooked charges = $200 $\times$ 5 = ($1,000)

Less: Variable Cost = $30 $\times$ 100 = ($3,000)

Thus total revenue will be $11,000

In case of booking of 100 rooms the net revenue in case of 5% cancellations, shall be:

Rooms booked = 100 - 5% = 95

Revenue = 95 $\times$ $150 = $14,250

Less: Variable Costs = 95 $\times$ $30 = ($2,850)

Thus total revenue = $11,400

Since profit in case of booking 100 rooms is more in any case, even in case of least cancellation the revenue will increase.

Thus, this is the optimal number of reservations = 100

6 0

2 years ago

Miko owns a lake house that she rents to vacationers. Miko gives her son Ninh a trip to Omaha on his graduation from community c

ss7ja [257]

Answer:

The sale of Miko's car to Pye for $4,500

Explanation:

Article 2 of the uniform commercial code (UCC) covers the sale of goods, but it doesn't cover the sale of services, securities or real property.

The only transaction that involves the sale of goods happened when Miko sold her car to her neighbor. When you rent something, you are providing a service, the same happens with a trip (transportation and lodging services).

3 0

2 years ago

Suppose that your colleague has accidentally spilled coffee on his laptop and the file containing your firm\'s cost data has bee

Wittaler [7]

Solution:

Q MC FC VC TC AFC AVC ATC

0 NA 50 0 50 NA NA NA

1 50 50 50 105 50 50 105

2 19 50 64 104 20 32 52

3 85 40 149 189 13.33 49.67 63.00

4 223 40 372 412 10 93 103

TC=FC+VC

FC=40

VC=TC-FC

MC=change in TC

AFC=FC/Q

AVC=VC/0

ATC=TC/0

a) TC when 0=0 = 40 because FC = 40 remains constant and the firm still incurs a total cost equal to its FC when it produces zero output.

b) MC for first unit = 45

c) ATC of 3rd unit = 63

d) AVC for 4th unit = 93

6 0

2 years ago

Majka Company was started on January 1, Year 1. During Year 1, the company experienced the following three accounting events: (1

Alik [6]

Answer:

See the explanation below:

Explanation:

a. Create an accounting equation and record the effects of each accounting event under the appropriate general ledger account headings.

Assets = Liabilities + Stockholders' Equity ......... (1)

Cash is a component of Asset, therefore the transaction will affect assets or cash as follows:

Asset: + $28,600, - $13,200, - $1,500

Cash balance = Asset = $28,600 - $13,200 - $1,500 = $13,900

Retained Earnings is a component of Stockholders' Equity , therefore the transaction will affect Stockholders' Equity or Stockholders' Equity as follows:

Retained Earnings; + $28,600, - $13,200, - $1,500

Retained Earnings = $28,600 - $13,200 - $1,500 = $13,900 = Stockholders' Equity

Liabilities = 0. This is because the three transactions does not affect liabilities

Substituting the values into the equation (1), we have:

$13,900 = 0 + $13,900

b. Prepare an income statement, statement of changes in stockholders' equity, and a balance sheet.

1. Income statement

Details Amount ($)

Revenues 28,600

Expenses (13,200)

Profit 15,400

Dividend (1,500)

Retained earning 13,900

2. Statement of changes in stockholders' equity

Details Amount ($)

Common stock 0

Retained b/f 0

Retained earning for the year 13,900

Stockholders' equity 13,900

3. Balance sheet.

Details Amount ($)

Assets

Cash 13,900

Other assets 0

13,900

Stockholders' equity

Common stock 0

Retained earning 13,900

13,900

c. Explain why the income statement uses different terminology to date the income statement than is used to date the balance sheet.

The reason is the income statement shows the performance of a company during a particular period, while the balance sheet shows the assets and liabilities of the company at a specific point in time.

7 0

2 years ago

Let's say you want to open a shoe store that will specialize in high-end shoes. But before you do, you want to determine how man

sveta [45]

Answer:

$240,000

Explanation:

Selling price per pair of shoes $160 x 12,000 ...1,920,000

Cost (to you) per pair of shoes $80 x 12,000 .... $960,000

Sales commission per pair $10 x 12,000.......... $120,000

Salaries ..........................................................................$420,000

Rent................................................................................ $120,000,

Advertising..................................................................... $20,000,

Insurance .........................................................................$16,000,

Miscellaneous fixed costs ..........................................$24,000,

Profit ..............................................................................$240,000

6 0

2 years ago