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Oh, dude, calculating a bank's undivided profits is like figuring out how many slices of Pizza you can eat before feeling guilty. You just take the bank's total profits and subtract any dividends paid out to shareholders. It's not rocket science, but hey, it's important to know where that dough is going, right?
What else can I help you with?
Credit unions differ from banks because they don't do what?
Seek to make profits
How banks get their profits?
Banks get their profits from the below actions:By charging customers for the services offered to them - Ex: Charges for fund transfers, Charges for account maintenance & opening etcBy getting interest from customers to whom loans are provided.
Disadvantages and advantages of merging banks?
One advantage of merging banks is that the banks share the risk of their money ventures. One of the disadvantages of merging them is that they share the profits of any venture.
What do banks with some of the profits they make by loaning out the money?
pay interest on savings accounts
What do banks do with some of the profits they make loaning out the money in their customers saving accounts?
pay interest on savings accounts
What are undivided profits?
Undivided profits is a term that refers to corporate earnings that have gathered over a period of time. For banks, the term means retained earnings.
What do you mean by surplus account?
A surplus account is the accumulation of undivided profits.
How do you calculate economic profits?
Profits = revenues - expenses
Credit unions differ from banks because they don't do what?
Seek to make profits
How banks get their profits?
Banks get their profits from the below actions:By charging customers for the services offered to them - Ex: Charges for fund transfers, Charges for account maintenance & opening etcBy getting interest from customers to whom loans are provided.
Disadvantages and advantages of merging banks?
One advantage of merging banks is that the banks share the risk of their money ventures. One of the disadvantages of merging them is that they share the profits of any venture.
What do banks with some of the profits they make by loaning out the money?
pay interest on savings accounts
Calculate company profits?
Simply put, Income less expenses.
When was Undivided Love created?
Undivided Love was created in 1996.
Which of the following most accurately describes what banks do with their excess reserves?
Banks use excess reserves to make loans to customers so that they can make profits on the interest.
What are the rights of a person who shares ownership of property?
Co-owners of undivided interests in one property each have the right to the use, possession and the profits from the property. Each is equally responsible for paying all the bills.
How do non-profits calculate cost of raising money?
Computer that use calculators.
