Why can a credit union lend money to members at reduced rate

Answers

Answer 1

Answer:

Credit unions are able to offer lower rates compared to traditional banks because of their business structure. Most banks are for-profit companies, meaning they reinvest their income to earn more profit or they pay it out to shareholders. Banks are also subject to federal and state income taxes.


Related Questions

A skilled nursing facility chain is considering building a new facility on a piece of property that it currently owns. The property was purchased five years ago for $250,000 and could be sold now at a current market value of $100,000. When estimating the cash flows for the new facility, what amount should be included to recognize the opportunity cost of using the land for the proposed project?

Can someone explain why it is -$100,000 vs $-150,000

Answers

Based on the value of the land, the recognized opportunity cost for the project is -$100,000.

What is the opportunity cost of the land?

When a new project is about to be embarked on, the relevant value of the resources to be used is the current value of the resource.

In this case, the current value of the land is $100,000 which will therefore be recorded as the opportunity cost. The reason it is negative is that it represents a loss on the original purchase.

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A consumer must decide between purchasing a new cell phone or renting a new car. Why might determining the opportunity cost be uncertain

Answers

When a consumer has to decide between buying a new smartphone or renting a new car, the determination of opportunity costs is difficult, as both the expenses have different utilities.

What is opportunity cost?

The cost, which is undergone in order to let go of an alternative divestment of such cost, is known as an opportunity cost. An opportunity costs may be backed by emotions and other external factors.

Hence, the significance of opportunity costs is given above.

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PURPOSE
Create a presentation that describes your plan and findings for a personal finance budget.
ASSIGNMENT PROMPT
In this assignment, you will create a multimedia presentation to communicate your findings from your
previous budget assignment. You will describe your budget, explain your reasoning, provide evidence,
address opposing perspectives, and educate your audience.

Step 1: Review your planned budget.
a) Open your planned budget you created for your previous assignment.
b) Think about your main findings.
Step 2: Consider the required elements of a multimedia presentation.
a) Create your presentation on the computer using presentation or video-editing software.
b) Include digital media such as images, video, or audio.
c) Use text when appropriate to convey main ideas.
d) Have an introduction, body, and conclusion.
e) Present supporting evidence while conveying your perspective clearly.
f) Address other perspectives while explaining your own reasoning.
g) Include a list of resources that you used, including websites, textbooks, or other
materials.
Step 3: Think about these steps for creating a successful presentation.
a) Plan: Sketch your presentation before you begin. Establish the order in which you will
present your information and what media you are going to include.
b) Draft: Create a rough draft of your presentation.
c) Revise: Review your work, correct mistakes, and make improvements

**Last assignment is attached for reference**

I need help on where to start and how I should layout this presentation. If you could point me in the right direction, I plan on using PowerPoint. If you tell me what to do slide for slide, I'll give brainliest. Even advice is a huge help though!

Answers

Answer: Summarize the change in expenditures between budgets. Show the findings of your personal financial analysis using appropriate graphs/charts in Excel.

Explanation:

Answer:

Purposes of creating a personal budget

Personal budgets are usually created to help an individual or a household of people to control their spending and achieve their financial goals. Having a budget can help people feel more in control of their finances and make it easier for them to not overspend and save money.

Explanation:

Within the organization, the use of formal committees, training, and codes of conduct help to ensure standards of
A. ethical compliance.
B. legal compliance.
C. philanthropic giving.
D. social responsibility.
E. organizational leadership.

Answers

Within the organization, the use of formal committees, training, and codes of conduct help to ensure standards of ethical compliance.

What is ethical compliance?

Ethical compliance is the ability of an individual or employee to act according to companies code of conduct.

Trainings are usually conducted for newly recruited employee.

Therefore, Within the organization, the use of formal committees, training, and codes of conduct help to ensure standards of ethical compliance.

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Suppose that a simple economy produces only four goods and services: sweaters, CDs, sugar, and soft drinks. Assume one half of the sugar is used in making the soft drinks and the other half of the sugar is purchased by households.

Answers

Given that this is a simple economy, the simple GDP therefore will be given as: The sum total of all the products purchased in a given period by the households.

What is the calculation for Simple GDP?

The simple GDP of the economy described above is given as:

Product     Quantity  x  Prices ($) =  Revenue ($)

Sweaters  50             15            750

CDs            10             10            100

Sugar         200            0.9            180

Soft Drinks 400             0.75            300
Nominal GDP (Total Revenue)                1,330  

Hence the nominal GDP = $1,330


What is the GDP Deflator?

Recall that the price of key items on the list had increased by 50%, hence the deflator is:

The ratio of base year to current year =
805/1,330

= 1,652174

≈ 1.65.

What is Real GDP?

Real GDP is given as:

R = N/D

Where R = Real GDP

N = Nominal GDP

D = GDP Deflator


Hence,

R = 1,330/1.65

Real GDP = $806.060606061

≈ $806.06

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What is a certificate of deposit, or CD?

Answers

It’s a product offered by banks and credit unions that provides an interest rate premium in exchange for the customer agreeing to leave a lump-sum deposit untouched for a predetermined period of time.

What is an example of a price floor

Answers

Answer:

Minimum Wage

Explanation:

A price floor simply tells us the minimum price a commodity can be bought. A good example is the minimum wage. In this case, employers cannot pay employees lower than this amount.

What are the two major components of a working capital management strategy

Answers

Answer:

The two major components of Working Capital are Current Assets and Current Liabilities. One of the major aspects of an effective working capital management is to have regular analysis of the company's currents assets and liabilities.

Select the correct text in the passage.
Which sentence identifies business-to-business advertising?
A company that makes CCTV cameras wants to enter new and existing markets. It has set up a strategy of aggressive marketing by active programs and expanding market
size. It adopted a price skimming method wherein it reduced the prices of cameras compared to rivals with a promise of equal quality. It recently sponsored a famous
award show to secure consumer reach. It also won a contract with a security solution agency, which saw the company advertise discounts on CCTV cameras in a trade
journal. It differentiated its product from its rivals with its compact size. It also advertised its product on TV commercials and highway billboards, thus increasing
frequency of reach.
Reset
Next

Answers

Answer:

It adopted a price skimming method wherein it reduced the prices of cameras compared to rivals with a promise of equal quality.

Explanation:

A company that makes CCTV cameras wants to enter new and existing markets. It has set up a strategy of aggressive marketing by active programs and expanding market

size. It adopted a price skimming method wherein it reduced the prices of cameras compared to rivals with a promise of equal quality. It recently sponsored a famous

award show to secure consumer reach. It also won a contract with a security solution agency, which saw the company advertise discounts on CCTV cameras in a trade

journal. It differentiated its product from its rivals with its compact size. It also advertised its product on TV commercials and highway billboards, thus increasing

frequency of reach.

Answer: it also won a contract with a security solution agency, which saw the company advertised discounts on CCTV cameras in a trade journal.

Explanation: edmentum

A payroll register is a ____
of the payroll records of a company’s employees.

Answers

Answer:

The answer I believe is List

Explanation:

A payroll register is a list of the payroll records of a company’s employees.

b. Explain three (3) benefits that entrepreneurs like Daniel Stewart and his partner, who create business plans before launching their companies reap?

Answers

The major three benefits that entrepreneurs like Daniel and his partner who create business plans are increased clarity in decision making, providing structure, and support for funds.

What do you mean by entrepreneurs?

An entrepreneur refers to a person who set up his own business by taking out financial risks in the hope of profits.

A business plan can help in bringing out clarity to the decision-making process. It also helps in finding out how to get funds for the business and provides structure and defines business management objectives.

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Which advice would best help you protect your personal information?
A. Respond to any email that looks like it originates from a legitimate
company.
B. Only give out personal information to a person who appears to
have knowledge of your bank account transactions.
C. Click on email links sent from your credit card company, but only if
the email looks legitimate.
D. Never provide personal details to someone who claims to be from
your bank; call your bank directly.

Answers

Answer:

D

Explanation:

because you will never know who wants to hurt you or still from you u need to make sure by phoning your bank immediately before you will regret it

Answer: D. Never provide personal details to someone who claims to be from

your bank; call your bank directly.

Explanation:

You will be required to write a 1500 words review paper (+-10% – excluding references) on a selected project case study, e.g. Similar to the Gautrain example in Assignment 3 (You can not use the Gautrain example as this was used in assignment 1).
Case study or Programme can include any industrial/engineering sector such as; construction. Examples could include South Africa’s FIFA 2010 games, vaccine development, etc. NO fictious projects may be used. Your individual paper must include the following sections:
1. Project or Programme description. (5 marks)
2. Include stakeholders involved. (5 marks)
3. Strategic alignment (the role the project plays in the strategic management process and
how is it linked to the strategic plan). (10 marks)
4. Were both sociocultural or technical element factors in the success or difficulties in the
projects.
5. Challenges faced and how these challenges were addressed.
6. Your paper will need to include the following technical aspects.

Answers

The project is about  eradication of malaria and water borne disease in Africa.

What is the program about?

The aim of the program is to make sure that Africa people are sentitized about malaria and water borne disease and how to eradicate it.

The stakeholders in the eradication of malaria and water borne disease in Africa are:

The WHO.Private organizations or firmsVolunteers,Medical personals, etc.

The role the project plays in the strategic management process is that it will help to bring down the rate of issues or sickness associated with the two factors above.

Challenges are:

FinanceNo good transportation system in some areas.Lack of Medical tools, etc.

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half of the answers im getting from here are wrong for the edmentum/plato questions, therefore making me fail my tests. id appreciate if people would stop posting the wrong answers

Answers

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Adjusting entries for accrued expenses ensure that liabilities are reported for all amounts ______ at the end of the accounting period.

Answers

Adjusting entries for accrued expenses ensure that liabilities are reported for all amounts owed at the end of the accounting period.

What are adjusting entries?

Adjusting entries are the end-of-the-year entries made to ensure that the income statement and balance sheet present the correct, up-to-date numbers.

Some of the adjusting entries include:

Accrued revenuesAccrued expensesDeferred revenuesPrepaid expensesDepreciation expenses.

Thus, Adjusting entries for accrued expenses ensure that liabilities are reported for all amounts owed at the end of the accounting period.

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Investors always make money from investing in the stock market.

A. True
B. False

Answers

"Investors always make money from investing in the stock market." is a false statement. This is further explained below.

Who is an Investor?

Generally, an Investor is simply defined as a profit-seeking financier.

In conclusion,  Investing in the stock market might result in a wide range of losses. Figure out how to deal with each one of them.

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In which type of career would you expect to spend a great deal of time backing up computer files?

Answers

Answer:

BTS BTS BTS Po 1.A 2. c 3. k 4.mha

Answer: TO BE HONEST MY ONE AND ONLY DREAM IS TO BECOME A K-POP IDOL.

Using the (DMP) Model. (1) What determines a consumer’s decision to search for work? (2) What determines a firm’s decision to post a vacancy? (3) When a worker and firm are matched, what determines the wage paid to the worker? (4) Discuss the likely equilibrium effects of unemployment benefit (b) in the DMP model

Answers

Using the DMP Model the factor that determines a consumer’s decision to search for work are:

The labor force, titled as Q. The payoff gotten from home production.The payoff gotten as a result of searching for market work.

What factor determines a firm’s decision to post a vacancy?

They are:

1. The cost that one gets from posting a vacancy, k

2. The wage rate which the suppose firm would pay, w

3. The outcome or the output that worker will make, z, etc.

Note that in DMP model, if a worker and firm are matched, the factor that determines the wage paid to the worker is the equation of :

w = a(z-b) + b,

Where a(z-b) =  Share the worker will get from the total share as a result of the bargain, based on the worker's bargaining power.

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reason why depreciation amount does not include in the receipts
and payments account.

Answers

Answer:

Items such as depreciation, outstanding expenses, accrued income etc. are not shown in receipt and payment account because it is a real account. Only cash transactions are recorded in receipt and payment account.

-transposition
-reversal of entries
-original entry
-omission

•Ethan records $1,000 as a rent expense; however, the actual rent paid was
$1,500.
•Ethan records stationery expenses as $251, but it should have been $215.
•Ethan records salaries of $5,000 as credits instead of debits.
•Ethan made a subtraction error while analyzing the profit on the sale of an
asset.
•Ethan completely overlooked stationery expenses of $115.
calculation
1000
Match each definition to each example.

Answers

Accounting error are errors committed in accounting, which are not intentional.

What is accounting error?

These are unintentional errors committed in accounting, which are often corrected when spotted.

Matching each definition to each example is shown below:

Ethan records $1,000 as a rent expense; however, the actual rent paid was $1,500  Original entryEthan records stationery expenses as $251, but it should have been $215    TranspositionEthan records salaries of $5,000 as credits instead of debits. Reversal of entriesEthan made a subtraction error while analyzing the profit on the sale of an asset.  CalculationEthan completely overlooked stationery expenses of $115.  Omission

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Gross Pay: $576.00
What is the net pay after the deductions for Questions 1-3?b

Answers

Based on the gross pay and the given deductions the net pay can be found to be $474.34.

What are the deductions from the gross pay?

From the complete question, there are three deductions: the federal income tax of 10%, the social security tax of 6.2%, and the medicare tax of 1.45%.

The net pay is:

= 576 - (576 x 10%) - (576 x 6.2%) - (576 x 1.45%)

= 576 - 57.60 - 35.71 - 8.35

= $474.34

Rest of the question is:

federal income tax (10% gross pay) social security tax (6.2% gross pay) medicare tax (1.45% of gross pay).

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On june 5, x-mart purchased $400 of merchandise with terms of 2/10,n/30. If payment is made on june 11, calculate the purchase discount that may be taken by x-mart.

Answers

Based on the amount that X-Mart purchased, and the date they paid, the discount taken would be $8.

How much discount would X-Mart get?

The terms are 2/10,n/30 which means that if X-Mart pays within 10 days, they would get a 2% discount.

They paid on the 11th which is 6 days later so they will get the 2% discount of:

= 2% x 400

= $8

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Draft an email to be sent to all of your colleagues announcing the transition to a formal on-boarding process for all new employees. Acknowledge the anticipated complaints about “making more work” and stress the positive benefits of a standardized process

( the subject was not on their but its Professional Communications )

Answers

There will be a formal on-boarding process for all new employee so as to learn the  structure and culture of the organization for a standardized process.

Why is the onboarding process  is necessary for new employees?

"Onboarding  processes is required in an organization so as to help the new employee to be able to be fully integrated into the organization.

This will help to prevent or get rid of complaints of the customer about employee not knowing the culture and way of doing things in the organization.

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Forecast the 2019 Cost of goods sold on the previous year’s number and the assumptions. 2018 Actual 2019 Estimate Sales Growth 6% 8% Gross Margin 40% 40% Revenues 50,000 Cost of Goods Sold 30,000

Answers

Answer:

hi

Explanation:

One's personality is shaped by a combination of nature (genetic) and nurture (environmental) influences. Recent studies conducted among birds have demonstrated that environment plays a bigger role in forming personality than genetics, but obviously there are differences when translating these results to humans.

The Cost of Goods Sold for 2019 is forecasted to be $30,600.

What is Cost of Goods sold?

This refers to total amount that a firm paid as a cost directly related to the sale of products.

The Sales Growth between the years 2018 and 2019 is 2% (8%-6%).

Because the 2018 Cost of Goods Sold equals $30,000, then, it will be adjusted according to the sales growth recorded in the subservience year.

Cost of Goods Sold (2019) = $30,000 *(1+0.02)

Cost of Goods Sold (2019) = $30,000 *1.02

Cost of Goods Sold (2019) = $30,600

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Being in short supply is what?

Answers

Answer:

SHORT SUPPLY EXAMPLES :

[tex]short \: suplys \: is \: remaining \: from \: each \: sentences[/tex]

EACH SENTENCES IS FORMULA THAT HAS OPOSITE ON SHORT SUPPLYS

What is meant by "lean production"?

Answers

Answer:

Lean production is a production methodology focused on eliminating waste, where waste is defined as anything that does not add value for the customer. Although Lean's heritage is manufacturing, it is applicable to all types of organisation and all an organisation's processes.

Explanation:

A(n) rate can cost you more on a loan when you carry a balance from
one month to the next.
OA. compound interest
OB. effective interest
O C. annual percentage
OD. simple interest

Answers

The answer and the best answer of all answers is a

A rate can cost you more on a loan when you carry a balance from one month to the next to are compound interest. Thus, option (a) is correct.

What is loan?

A loan is a sum of money that is lent to someone or something by a person, company, financial organization, or government. Mortgage, student, and personal loans are some numerous loan types.

When there is a fixed rate of interest for a set period of time, compound interest is the amount added to the principal and the total cumulative interest. The compound interest are the three divisions of half-yearly, quarterly, and monthly.

The compound interest rate is preferable if you're carrying over a loan balance from one month to the next because it permits your money to increase more quickly than the other rate.

Therefore, option (a) is correct.

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Jack recently took out a loan from Diane at an interest rate of 4 percent. Diane expected this year’s inflation rate to be 1 percent and the real interest rate to be 3 percent. The loan is due at the end of this year. Complete the table below by computing the real interest rate for each possible inflation rate. For each situation, determine whether the unexpected inflation level benefits Jack or Diane.

Answers

The complete question has been added with an image for better understanding of the concept. The beneficiaries of the inflation and interest rates will be,

When inflation is 1 percent, Diane will benefit more than Jack;When inflation is 0 percent; Diane will benefit more than Jack; When inflation is 4 percent; Jack will benefit more than Diane; When inflation is -2 percent; Diane will benefit more than Jack.

What is inflation?

A given increase in rates or prices of any commodity, including monies, over a particular financial period is known as inflation.

The rates and beneficiaries due to the unexpected change in inflation for the above situation is given attached in the image in the form of a table.

Hence, the significance of inflation is as mentioned.

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A point outside a​ society's production possibilities curve is one that is
Part 2
A.
unattainable given the resources of the society.
B.
technologically inefficient.
C.
undesirable given the implied underemployment of resources.
D.
desirable since it satisfies the desires of the population.

Answers

A point outside a​ society's production possibilities curve is one that is A. unattainable given the resources of the society.

What is a Production Possibilities Curve?

This refers to the economic model that shows the cost of a society's choice when faced with the choice of different goods.

Hence, given the graphical curve, it can be noted when there is a point outside the production possibilities curve of a given society, this means that the goods are unattainable given the resources of the society.

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Which of the following describes possession utility?

Answers

The option that describes possession utility is : ( A ) Efforts to communicate ( i.e. promote ) a product's value and then facilitate the exchange process.

What is possession utility ?

Possession utility is the value which a product possesses that enables a customer to freely own and use the product as the customer/purchaser wishes.

In conclusion the option that describes possession utility is Efforts to communicate ( i.e. promote ) a product's value and then facilitate the exchange process.

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Attached below are the missing options

A. Efforts to communicate (i.e., promote) a product's value and then facilitate the exchange process.

B. Acquiring inputs and transforming them into products or services of greater customer value.

C. Effectively managing all value-added processes that influence when a product is available for purchase.

D. Assuring that products and services are where customers expect to find them—when they are needed.

E. All of the above

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Please help due today -communication college class- joseph thinks his neighbor is evil, while ako thinks she is the kindest woman he has met. these are both examples of???? 1)static evaluation 2)indexes 3)polarization 4)factual statements a) Why were Iqtadars frequently shifted? For world environment day on june 5, what is the top source of greenhouse gas emissions in the us?. Which word is described by this statement? This is the top of the volcano where sulfur-filled gasses and lava come out. What is the partial fraction decomposition, I know D is wrong A toy rocket is shot vertically into the air from a launching pad 6 feet above the ground with an initial velocity of 88 feet per second. The height h, in feet, of the rocket above the ground at t seconds after launch is given by the function h(t)=16t2+88t+6. How long will it take the rocket to reach its maximum height? What is the maximum height?The rocket reaches its maximum height at ? second(s) after launch.(simplify your answer.) Who are the market participants in the foreign exchange market? Explain how each participant contributes to market activities. When letters were added to telephone rotary dials, which word could not have been spelled out?. Which energy source contributes least to global warming?A. CoalB. OilC. GeothermalD. Natural gas Which argumentative statement is a claim of value?A. Without business owners, no taxes would be paid in America.B. It is irresponsible to throw away uneaten food.C. It should be illegal to charge students tuition for college.D. The postal service should operate on Sunday. A car leaves its garage and travels for 30km on a bearing of 145, then 10 km on a bearing of 250 Calculate a) the distance travelled from the starting point b) the bearing of the starting point from the car. Please solve with explanation (high points) In a certain board game, a 12-sided number cubeshowing numbers 1 through 12 is rolled. In this game, anumber cube must be rolled until a number 9 or higherappears.What is the probability that the first such number is onthe 3rd roll? Drag the tiles to the boxes to form correct pairs. Not all tiles will be used. Match the resulting values to the corresponding limits. In a story what does theme do Read the excerpt from Black Boy.The boys scattered, yelling, nursing their heads, staring atme in utter disbelief. They had never seen such frenzy. Istood panting, egging them on, taunting them to come onand fight.What is the connotative meaning of frenzy as it is used in thisexcerpt?-Negative; it describes a violent reaction based onrage.-Positive; it develops a sense of excitement.-Negative; it suggests a complete mental breakdown.-Positive; it emphasizes strength and courage What two functions does tcp/ip perform? reassemble data packets at the destination. alert users about unsafe websites and servers. request servers for data the user wants. check and request for missing data packets. During the angioplasty, the surgeon used a catheter to unblock an artery and reduce the patient's chances of a heart attack.Which of the following is most likely the definition of angioplasty in the sentence above?Select one:a.a legal term used to identify a surgeonb.a medical procedure used to open a blockage in a patient's heartc.an educational term used to describe a political systemd.a manufacturing term used to describe a synthetic plastic mold A 10.00 g sample of wood from an archaeological site produced 3072 counts in a 10-hour measurement owing to the presence of carbon-14, while a 10.00 g sample of new wood produced 9216 counts in the same period of time. The half-life of carbon-14 is 5730 years. How old is the wood from the archaeological site