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A for-profit institution that works with large companies and corporations to manage deposits loans and investments is known as a what?
A for-profit institution that works with large companies and corporations to manage deposits, loans, and investments is known as a commercial bank. These banks provide a range of financial services, including business loans, treasury and cash management, and investment services tailored to corporate clients. They play a crucial role in facilitating business operations and financial transactions for large organizations.
Are cashier's checks safe to use for large transactions?
Yes, cashier's checks are generally considered safe for large transactions because they are issued by a bank and are guaranteed funds.
Is a cashier's check safe to use for large transactions?
Yes, a cashier's check is generally considered safe for large transactions because it is issued by a bank and guaranteed to be paid.
What is corporate banking its functions?
Banking services for large corporations or firms. This type of banking is designed to deal with major financial transactions that do not generally a definition of financing it is (often unsecured), cash management, and other banking services custom-tailored for large firms. Usually the definition of the business of banking for the purposes of corporate banking, directed at large business entities; private banking
How can a business make high profit if profit margin is low?
If the margin is low, then the business needs a large volume of sales. This is a mormal state of affairs for many businesses particularly when there is competition from other businesses. A petrol station may have a margin of only a few cents per litre but it sells 1000's of litres every hour.
Why is profit important to a business?
because business is all about the large profit at low budget
Someone that is willing to invest in a risky venture on the chance of making a large profit?
entrepreneur
What is a person who invest in a risky venture hoping to make a large profit?
Investors Maybe speculator. Investors don't necessarily take large risks
What happened when a large number of private savings and loans and banks failed due to risky business practices?
gone
What is the definition of small business?
Whether small or large, "business is an organized effort by individuals to produce and sell for a profit, goods and services that satisfy societies needs."Whether small or large, "business is an organized effort by individuals to produce and sell for a profit, goods and services that satisfy societies needs."
Why is it important for a business to make a profit?
Profit is one of the most important business goals. It is the motivation of profit that drives many people towards starting out in business in the first place. If you have invested a large sum of capital into starting up a business you are going to want to see a return on this at some stage. If you wish to expand your business in the future reinvesting profits is one way of financing it. Unless a business can make profits, it is likely to close down due to a lack of funds.
What is materiality concept?
according to this concept accounts show transactions involving material sums.for example :a large business buys a computer for use in the business but treats it as an expense because for the business the sum spend on the computer, the sum is negligible.
What was partly responsible for falling stock prices reduced consumer confidence and the passage of the American Recovery and Reinvestment Act?
Risky business practices by large multinational corporations such as AIG
Why is the journal sub-divided?
When the size of business and number of transactions are large, recording of transactions in one journal will be inconvenient. It will also cause delay in collection and presentation of accounting information. Many of the transactions are repetitive in nature. If separate journals are maintained for recording transactions of a similar character, journalizing and posting will be easier and more convenient. For example, all cash transactions can be recorded in one ledger; all credit sales in another journal and so on.
Why is journal sub divided?
When the size of business and number of transactions are large, recording of transactions in one journal will be inconvenient. It will also cause delay in collection and presentation of accounting information. Many of the transactions are repetitive in nature. If separate journals are maintained for recording transactions of a similar character, journalizing and posting will be easier and more convenient. For example, all cash transactions can be recorded in one ledger; all credit sales in another journal and so on.
Why is the journal sub divided?
When the size of business and number of transactions are large, recording of transactions in one journal will be inconvenient. It will also cause delay in collection and presentation of accounting information. Many of the transactions are repetitive in nature. If separate journals are maintained for recording transactions of a similar character, journalizing and posting will be easier and more convenient. For example, all cash transactions can be recorded in one ledger; all credit sales in another journal and so on.
What is the difference between for profit business versus non profit business and government?
The term nonprofit or not-for-profit does not mean there is no money in the organization, in fact most organizations deal with very large amounts of money flowing through out the organization. In fact when you look at the difference between how a NPO's money is handled and how a for profit enterprise handles their money you will see that the only difference is that there are no stock holders and the money is generally donated to NPO's and earned by for-profits.
