if you were to identify one of the main differences between a bank and a credit union, what would it be?
Answers
One of the main differences between a bank and a credit union is their ownership structure. Banks are typically for-profit institutions owned by shareholders or investors, while credit unions are non-profit organizations owned by their members.
This means that credit unions are focused on serving their members and providing them with affordable financial products and services, rather than generating profits for external stakeholders. Another key difference between banks and credit unions is their eligibility requirements for membership.
Banks are open to anyone who meets their account opening criteria, whereas credit unions typically have specific membership requirements based on factors such as geographic location, employment, or membership in a particular organization.
In terms of products and services, banks tend to offer a wider range of options, including credit cards, loans, and investment services. However, credit unions often have lower fees and interest rates, as they are focused on providing value to their members rather than maximizing profits.
Overall, while banks and credit unions both offer financial services, their ownership structure, membership requirements, and focus on profitability versus member value are key differences that can impact their operations and offerings.
To learn more about credit union here:
https://brainly.com/question/20391489#
#SPJ11
Related Questions
what types of businesses are needed to make the product and deliver it to the final consumer.
Answers
Answer:
Manufacturing and Merchandising businesses
Explanation:
The type of Business needed to make the product is known as MANUFACTURING business. This business buys raw materials and refined them into products that later sell in bulk to wholesalers.
On the other hand, Merchandising business is a form of business that involves buying refined products at wholesale price and then sell to the final consumers.
Hence, in this case, then Greece answer is MANUFACTURING and MERCHANDIZING Business.
This is for people who have a ps4.
do you still have to pay the PS plus even though you have Auto-renew off?
Answers
Answer:
not me
Explanation:
Answer:
no
Explanation:
Have a lovely day. <:
what is the importance of rigor and mortis in meat tenderizing
Answers
Explanation:
To keep tenderrrrrrrrr
personal finance question,, think its a or b??? i second guess myself alot lol
Answers
Answer: C
Explanation:
Answer:
It is either B or C. But, C is most reasonable.
In your job application, you must sound professional so they actually think about hiring you, or by sounding professional, it gives you a higher chance of getting the job.Why I think it's B is because it's quite helpful having a paper and online copy. But it's not essential. Having either or is enough.I hope this helped at all.
Which resource can you use to view business or suppliers divided into different categories?
You may use online or offline (blank) to view businesses or suppliers classified into different categories.
Answers
Answer:
yellow pages
Explanation:
Answer:
It's "Yellow Pages"
Explanation:
I got it right!!
Marilyn has a biweekly gross pay of $810 and claims 3 federal withholding allowances. Marilyn has all of the following deductions from her gross pay:
federal tax from the following table
A 9-column table with 7 rows is shown. Column 1 is labeled If the wages are at least with entries 720, 740, 760, 780, 800, 820, 840. Column 2 is labeled But less than with entries 740, 760, 780, 800, 820, 840, 860. Column 3 is labeled And the number of withholding allowances is 0, the amount of income tax withheld is, with entries 80, 83, 86, 89, 92, 95, 98. Column 4 is labeled And the number of withholding allowances is 1, the amount of income tax withheld is, with entries 62, 65, 68, 71, 74, 77, 80. Column 5 is labeled And the number of withholding allowances is 2, the amount of income tax withheld is, with entries 44, 47, 50, 53, 56, 59, 62. Column 6 is labeled And the number of withholding allowances is 3, the amount of income tax withheld is, with entries 26, 28, 31, 34, 37, 40, 43. Column 7 is labeled And the number of withholding allowances is 4, the amount of income tax withheld is, with entries 14, 16, 18, 20, 22, 24, 26. Column 8 is labeled And the number of withholding allowances is 5, the amount of income tax withheld is, with entries 1, 3, 5, 7, 9, 11, 13. Column 9 is labeled And the number of withholding allowances is 6, the amount of income tax withheld is, with entries 0, 0, 0, 0, 0, 0, 1.
Social Security tax that is 6.2% of her gross pay
Medicare tax that is 1.45% of her gross pay
state tax that is 21% of her federal tax
Determine how Marilyn’s net pay will be affected if she increases her federal withholding allowances from 3 to 4.
a.
Her net pay will increase by $15.00.
b.
Her net pay will decrease by $15.00.
c.
Her net pay will increase by $18.15.
d.
Her net pay will decrease by $18.15.
Answers
Answer:
c
Explanation:
Answer:
Her net pay will increase by $18.15
Suppose university officials feel that the price of football tickets at your school is too expensive and decide to limit how much the athletic department can charge for a ticket to a single game.
Answers
When the price of a ticket is limited, the effect would be that there would be a shortage of tickets.
What is a shortage?
A shortage is when the quantity demanded of a product exceeds the quantity supplied. This usually occurs when the price of the good is set below equilibrium price.
When the ticket price is limited, the profit made per game reduces. As a result, it is expected that the number of tickets offered would decline. This would lead to a shortage.
Here is the full question:
Suppose university officials felt the price of football tickets at your school are too expensive and decide to limit the price the athletic department can charge for a ticket to a single game. What will result from this decision? Select all that apply. a. The quality of facilities will decrease. b. An abundance of cheap tickets will be available online. c. A shortage of tickets will exist. d. The football team will offer more tickets to the game.
To learn more about shortages, please check: https://brainly.com/question/26668090
What is one way people can reduce the amount of taxes they owe in a year?
A. Give money to charity
B. Earn a higher income
C. Purchase luxury goods
D. Work longer hours
Answers
Answer:
A
Explanation:
Donating money to charity is one method people might lower their annual tax burden. Therefore, (A) is the correct option.
What is Tax?Taxes are required payments made to individuals or enterprises by a government agency, whether local, regional, or federal. Income, capital gains, or the estate are all subject to taxes.
One of the ways to reduce the amount of tax payable is to donate money to a charity.
Therefore, (A) is the correct option.
To know more about Taxes, visit the link below:
https://brainly.com/question/16423331
#SPJ2
During 2019, Revitup, Inc., an exercise video retailer, sold $24,000 of videos to its customers. Revitup collected $22,000 and expects to receive the remaining $2,000 in January 2020. Revitup's income statement for the year ended December 31, 2019 will report revenue of $
Answers
Answer:
$24,000
Explanation:
Since in the question it is provided that there is a sale value of the videos to its customers i.e. $24,000 also the collection is of $22,000 and the remaining balance i.e. $2,000 is expected to collect in Jan 2020
Based on the above information, the revenue should be reported on the income statement at the $24,000 as this amount represent the sale value of the videos to its customers and hence, the same is to be considered
Hence, 24,000 would be reported as a revenue in the income statement
A hair salon designed to appeal to children does not use the standard salon furniture. Instead, children sit on carousel horses to get their haircuts. Large TV monitors strategically located throughout the salon show kid-targeted videos and cartoons are there to entertain the children. The child-friendly hair salon's servicescape serves in what two capacities?
Answers
Answer:
a differentiator and facilitator
Explanation:
Since in the question it is mentioned that hair salon would be designed for children where the standard furniture would not be used rather using this, the children would sit on carousel houses for their haircuts also the cartoon videos should be shown to them so here the two capacities would be differentiator and facilitator as it is different in providing the service and here the learning would be easy
which section of title vii states that it is not a violation if an employer refuses to hire or to discharge an employee who is unable to meet the requirements for a national security clearance where federal law or regulations require such a clearance for the job in question?
Answers
703(m) of Title VII section of title vii states that it is not a violation if an employer refuses to hire or to discharge an employee who is unable to meet the requirements for a national security clearance where federal law or regulations require such a clearance for the job in question.
What is title VII religious exemption??In accordance with Title VII of the Civil Rights Act, businesses must make reasonable accommodations for their employees' honestly held religious views, practises, and observances. Employment discrimination based on religion is also prohibited.
What are examples of religious accommodations?Schedule adjustments (arrivals, departures, floating/optional holidays, flexible work breaks, and any other scheduling adjustments); voluntary shift substitutions and/or swaps; job reassignments, such as changes of position tasks and lateral transfers; and modifications are examples of religious accommodations.
What is an example of a religious belief?Examples of religious views are as follows: the conviction of some Christians that wearing a cross as a representation of your faith is appropriate. the notion that a woman should cover her body or head when practising Islam. the acceptance of intelligent design or creationism.
To learn more about title VII visit:
https://brainly.com/question/27992457
#SPJ4
Explain one reason why a business may use social media to promote
Answers
Answer:
Social media offers many benefits to business owners, as it allows them to reach out to their customers and to gain the attention of more people/potential customers
Explanation:
Which economic effect does a central bank hope to achieve by buying back large amounts of treasury security
Answers
A. It hopes to reduce the amount of money available for lending.
Explanation:
Usually, the central bank(Federal reserve) control the supply of money in circulation in the economy so that the nation's economy would be healthy. One of the ways through which the federal reserve controls the quantity of money in circulation is by selling or purchasing of government securities through a process known as open market operation.
If the federal reserve sells government securities such as treasury bills, in large quantities, its aim is to reduce the amount or quantity of money available to commercial banks for lending, hence mop up the quantity of money in circulation.
Also, if the federal reserve buys government securities, its aim is to make more money available in large quantities to commercial banks and other institutions, hence have more cash to lend people.
The economic effect that central bank are trying to effect by the process of buying back large amounts of treasury security is bring reduction to amount of money available for lending.
Treasury notes as well as bonds are securities that brings about payment of fixed rate of interest which is usually done every six months till the security reach a stage of maturity.The central bank do buy large amounts of treasury security so that the money that can be available for lending can be reduced.Therefore, this process are put in place to balance the economy.
Learn more at:
https://brainly.com/question/15004115?referrer=searchResults
Teen entrepreneurs in Florida find sweet
success in honey business
Why did the author MOST LIKELY conclude the article by describing future possibilities for Black Bee Honey?
because this demonstrates the danger of food deserts and the need for more honey access
because this shows how giving students ownership can help them develop new skills and goals
because this emphasizes the importance of ensuring that student businesses are successful
because this helps the reader understand how Black Bee Honey contributes to the community
Answers
The author most likely conclude the article by describing future possibilities for Black Bee Honey because this emphasizes the importance of ensuring that student businesses are successful.
What is an article?An article is a piece of writing about a particular subject that is included in a magazine, newspaper, etc. It is a nonfictional prose composition usually forming an independent part of a publication.
Teen entrepreneurs in Florida find sweet success in honey business. This statement emphasizes the importance of ensuring that student businesses are successful.
Therefore, the statement mentioned in C is correct.
To learn more about article, click here:
https://brainly.com/question/30055166
#SPJ1
nina is president of her class, and she has to give her principal a speech on what her class plans to do with their budget. she has planned out word for word what she is going to say. this is an example of a(n) .
Answers
Nina is president of her class, and she has to give her principal a speech on what her class plans to do with their budget. She has planned out word for word what she is going to say. This is an example of a manuscript speech.
A manuscript speech is a pre-written speech that the speaker reads from a paper. It is used when precision, timing, and accuracy are crucial, for instance, when the speaker wants to communicate a technical and complex subject.
The following are the defining characteristics of a manuscript speech: It is scripted word-for-word. It is composed of complete sentences and paragraphs.
It is formal in tone and style. It is ideal for speeches with complex content, such as legal or scientific talks.It requires a lot of practice to be delivered effectively.
For more questions on: budget
https://brainly.com/question/17198039
#SPJ8
Why does the demand curve facing a monopolistically competitive firm slope downward in the long run, even after the entry of new firms?
Answers
Answer:Firms will face perfectly elastic demand curves only if their products are perfect substitutes for the products of other firms.
Explanation:
Answer:Why does the demand curve facing a monopolistically competitive firm slope downward in the long run, even after the entry of new firms?
Explanation:
When an adjusting entry is made to record depreciation expense, the effect on the balance sheet is to?
Answers
A journal entry used to indicate depreciation expense is called an adjusting entry. It is prepared at the end of a period to reflect the expense on the income statement and the decline in the fixed asset's value on the balance sheet.
What is balance sheet?A balance sheet, also referred to as a statement of financial position or a statement of financial condition in financial accounting, is an overview of the financial standing of an individual or organization, including a sole proprietorship, a business partnership, a corporation, a private limited company, or other entities like the government or not-for-profit organizations. The ownership equity, liabilities, and assets as of a specific date, like the end of its fiscal year, are listed. A balance sheet is frequently described as a "picture of a company's financial position."
To learn more about balance sheet from the given link:
brainly.com/question/26323001
#SPJ4
If 9 time a poitive number i equal to 91 more than twice the ame number, what i the number?
Answers
The problem gives us a relationship between a positive number (which we'll call "x") and 9 times that number.
Specifically, it states that 9 times the number is equal to 91 more than twice the number. To find the value of x, we can start by setting up an equation based on the information given. Let's use the following symbol to represent the unknown value of x:
x = ?
Now, we can substitute the value of x into the equation provided in the problem:
9x = 91 + 2x
The equation tells us that 9 times the value of x is equal to 91 more than twice the value of x. This equation can be rearranged and simplified to solve for x.
First, we can subtract 2x from both sides of the equation to isolate the 9x term:
7x = 91
Next, we'll divide both sides of the equation by 7 to find the value of x:
x = 91 / 7
x = 13
So, the value of x is 13. In other words, the positive number we were looking for is 13. To check our answer, we can plug this value back into the original equation and see if both sides are equal:
9 x 13 = 117
And indeed, 91 + 2 x 13 = 117. So our answer is correct.
To know more about positive number:
https://brainly.com/question/13165973
#SPJ4
You are taking a $5000 loan. You will pay it back in four equal amounts, paid every 6 months starting 5 years from now. The interest rate is 12% compounded semiannually. Calculate: The effective interest rate The amount of each semiannual payment The total interest paid
Answers
Answer:
Following are the solution to the given point:
Explanation:
Calculating the value of the effective interest rate:
Formula:
\(\text{Effective interest rate} =\frac{\text{annual nominal rate of interest}}{\text{compound year}}\)
\(=\frac{12}{2} \\\\ =6\%\)
Calculating the value of Effective annual rate of interest:
\(=(1+ \text{The effective rate})^{\text{(compound number )}} -1\)
\(=(1+0.06)^2 -1\\\\=(1.06)^2 -1\\\\=1.1236-1\\\\=0.1236\\\\=12.36 \%\)
Calculating the Amount in each semiannual payment:
\(= 5000 \times (\frac{F}{P}, 6\% ,9) \times (\frac{A}{P}, 6\%,4)\\\\= 5000 \times 1.689479 \times 0.288591\\\\= 2437.85\)
Calculating the value of the total interest paid:
\(= 2437.85 \times 4 - 5000\\\\= 9751.40-5000\\\\ = 4751.40\)
what is the meaning of market variable in maketing
Answers
Answer:
market is for people low budget and the markering is people qho want earn money in online
miller corp. can make three individual deliveries to three different customers at a transportation cost of $600 each or can consolidate them into one shipment with a transportation cost of $1,200 and a stop-off charge of $100 per stop. should miller corp. consolidate the shipments?
Answers
Miller Corp. should consolidate the shipments because it can save a total of $300.
What is consolidated shipping?Consolidated shipping is described as the form of a shipment process in which the cargo to be shipped is combined and that cargo is then delivered to each of the buyers or customers. It is an effective process that reduces the cost of the shipment and reduces damage to the cargo.
Given that,
Transportation cost of each cargo = $600
Consolidated cargo costs = $1200
Stop-off charge per stop = $100
Non-consolidated cost = 3 x 600 = $1800
Total charges for cargo consolidation = 3x100 + 1200 = 300 + 1200 = $1500
Hence, the difference between non-consolidated and consolidated cargo = $1800 - $1500 = $300
It can be concluded that Miller Corp. should consolidate the shipments because it can save a total of $300.
To know more about consolidated shipment, check this link:
https://brainly.com/question/28746129
#SPJ4
2. Answer the following questions about the letter:
a. Who is the sender of this letter? (1 point)
b. Who is the recipient of this letter? (1 point)
c. What is the purpose of this letter? (2 points)
Answers
Note that the letter referenced in this question is unavailable so we can look at an alternative. (See the attached.)
In this case:
The Sender is: James JohnThe recipient is the Manager at Sun Bank; andThe purpose of the letter is to apply for a job.What is a letter important?
A letter is important as it serves as a means of communication and helps convey thoughts, ideas, and information from one person to another.
A letter can be used for personal or official purposes and can play a significant role in establishing relationships, resolving conflicts, or making important decisions.
A well-written letter is an effective tool for conveying messages, as it allows for clear and concise communication, and provides a record of the message for future reference.
Learn more about letters:
https://brainly.com/question/26715251
#SPJ1
Question 3 of 10
Which of the following is a career you would find in the Finance Career
Cluster?
A. Equine manager
B. Geologist
C. Tax examiner
D. Ecologist
SUBMIT
Answers
Answer:
C. Tax examiner
Find the companies whose employees earn a higher salary on average, than the average salary at the first bank corporation
Answers
To identify companies with higher average salaries than the First Bank Corporation, a comparison of salary data from different companies is required.
To determine which companies have higher average salaries than the First Bank Corporation, you would need to collect salary data from various companies and compare them. This can be done by utilizing salary surveys, industry reports, or job market research websites that provide information on average salaries across different companies and industries.
Once you have gathered the salary data, you can calculate the average salary for each company and compare it to the average salary at the First Bank Corporation. Companies with higher average salaries indicate that their employees earn more on average than employees at the First Bank Corporation.
It is important to consider factors such as industry, location, job roles, and company size when conducting this analysis. Salaries can vary significantly based on these factors, so it is crucial to ensure that you are comparing similar positions in similar contexts to make accurate and meaningful comparisons.
Remember that salary information can be sensitive and confidential, so it may not always be readily available. Additionally, keep in mind that salaries can change over time due to market conditions, company policies, and other factors, so it's essential to use up-to-date data for accurate comparisons.
To learn more about Corporation, Click here: brainly.com/question/29098875
#SPJ11
Which option identifies the marketing strategy demonstrated in the following scenario?
Department stores often have their own credit cards and mailings sent to card holders that offer incentives such as
percent discounts and early hour shopping days.
O product packaging
customer loyalty
O advertising
word-of-mouth
Answers
Answer: customer loyalty
Explanation:
During 2013, Winston Corporation spent $170,000 in research and development costs. As a result, a new product called the New Age Piano was patented. The patent was obtained on October 1, 2013, and had a legal life of 20 years and a useful life of 10 years. Legal costs of $18,000 related to the patent were incurred as of October 1, 2013. Collapse question part (a) Prepare all journal entries required in 2013 and 2014 as a result of the transactions above. (Round answers to 0 decimal places, e.g. 8,564. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit 2013 (To record research and development expenses) 2013 (To record legal expenses) 2013 (To record amortization expense) 2014
Answers
Answer and Explanation:
The Journal entry is shown below:-
1. Research and development expense Dr, $170,000
To Cash $170,000
(Being research and development expense is recorded)
2. Patents Dr, $18,000
To Cash $18,000
(Being capitalize the legal costs is recorded)
3. Patent amortization expense Dr, $450 (18,000 ÷ 10 years × 3 ÷ 12)
To Patents $450
(Being patent amortization expense is recorded)
What is the correct definition of capacity for potential cosigners?
The cosigner's credit history
The cosigner's financial assets, such as a house or car
The cosigner's past record of paying on time
The cosigner's current financial situation
Answers
The correct definition of capacity for potential cosigners refers to the cosigner's ability to repay the debt if the primary borrower defaults.
This includes the cosigner's current financial situation, such as income, employment stability, and debt-to-income ratio, as well as their overall financial obligations and commitments.
Capacity is one of the key factors lenders consider when evaluating the creditworthiness of potential cosigners. By assessing the cosigner's capacity, lenders can determine whether the cosigner has the financial means to assume responsibility for the loan and whether they are likely to make timely payments in case the primary borrower is unable to do so.
While the cosigner's credit history and past record of paying on time are also important factors in the lending decision, they are not the same as capacity. A cosigner with a good credit history may still lack the capacity to take on additional debt if they have limited income or high levels of existing debt.
learn more about debt here
https://brainly.com/question/29804650
#SPJ1
A special type of owner's equity account set up to record the owner's withdrawal of cash from the business is called the________ account
Answers
The special type of owner's equity account set up to record the owner's withdrawal of cash from the business is called the "Drawing" account.
Withdrawal refers to the process of discontinuing or reducing the use of a substance or behavior that an individual has become dependent on. It commonly occurs in cases of substance abuse, such as drugs or alcohol, but can also manifest in behavioral addictions, such as gambling or excessive internet use. Withdrawal symptoms arise due to the body and brain's adaptation to the presence of the addictive substance or behavior. When the substance or behavior is abruptly stopped or reduced, the body reacts with a range of physical and psychological symptoms.
Physical withdrawal symptoms may include nausea, sweating, tremors, headaches, muscle aches, and insomnia. Psychological symptoms can involve irritability, anxiety, depression, mood swings, cravings, and difficulty concentrating. The severity and duration of withdrawal symptoms vary depending on factors such as the substance involved, the duration and intensity of use, and individual differences.
To know more about Withdrawal refer to-
brainly.com/question/30587862
#SPJ4
Type the correct answer in the box. Spell all words correctly.
What does this situation demand from the company?
Martha bought a new laptop a week ago. She’s having trouble understanding how the laptop functions. She wants the store where she bought the laptop to help her. The store should provide Martha with good_______
by giving her all the information she needs.
Answers
Answer:
After-sales service
Explanation:
After-sales service are all the efforts of a business to keep its clients happy and satisfied with the products they have purchased. It is providing care to customers after they have made purchases from the business. After-sale service help in retaining and building loyal customers.
Some of the techniques used in after-sales service include
Keeping in touch with customers after purchases Responding to customer queries either on call, emails, or customer visit Offering technical supports when a customer is facing challenges like in the scenario described aboveAnswer:
customer service
Explanation:
I just took the test on Edmentum
A factory can produce cars and trucks. If the price of cars increases, then the supply of trucks will
stay the same
decrease
Increase
Answers
Answer:
decrease
Explanation: