Decades ago, many bank records were written by hand in ledgers. Were there significant economies of scale
Question:
Decades ago, many bank records were written by hand in ledgers. Were there significant economies of scale in keeping bank records under that system? How has the shift to keeping all records on computers affected economies of scale in banking?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
Writing bank records in ledgers would not have had sig...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Money Banking And The Financial System
ISBN: 1801
3rd Edition
Authors: R. Glenn Hubbard, Anthony Patrick O'Brien
Question Posted:
Students also viewed these Business questions
-
You own a small bank in a state that is now considering allowing interstate banking. You oppose interstate banking because it will be possible for the very large money center banks in New York,...
-
True or False: 1. Monopolistic competition is a mixture of monopoly and perfect competition. 2. All firms in monopolistically competitive industries earn economic profits in the long run. 3. By...
-
The external financial statements published by publicly traded companies are based on absorption cost accounting. As a consequence, it is very difficult to gain an understanding of the relative...
-
Mookie The Beagle Concierge Trial Balance As of January 31,2023 is given 1001 Checking 1010 Money Market 1100 Accounts Receivable (A/R) 1210 Prepaid Expenses:Supplies 1220 Prepaid Expenses:Insurance...
-
The file P12_24.xlsx contains the daily closing prices of Procter & Gamble stock from July2014 to September 2015. Use only the 2014 data to estimate the trend component of the random walk model....
-
Provide the correct citation name for the following cases: The United States of America v. Thomas Terry Mary Kay Kraft, Mark Johnson, and Vanessa Hays v. Joseph Beazley and the City of Chicago Kerry...
-
Either alone or with a team, identify the groups of people who work in this company. Group people by nationality, ethnicity/culture, religion, gender, and any other groupings that might represent...
-
Listed below are three lottery payout options. Option 1: $ 975,000 now Option 2: $ 153,000 at the end of each year for the next nine years Option 3: $ 1,550,000 nine years from now Rather than...
-
QUESTION Derive state equation and output equation for direct II form. Let a discrete-time system have the state-variable description given by 1 2-12 b= c = [1 -1}, D= [0] Define new states q'[n]...
-
In a particularly addictive game (Helicopter Game) you have to get a helicopter to fly some distance in arbitrary units. Suppose the distance you travel can be modeled as a random variable D having...
-
An article in the Wall Street Journal in 2016 refers to the preceding 35 years as the biggest bond bull market in history. a. What does the article mean by a bond bull market? Does the graph in the...
-
Wall Street Journal columnist Brett Arends offered the opinion that as a rule of thumb, the more complex a [financial] product is, the worse the deal. Do you agree? Why would a more complex financial...
-
Go to the website of the Human Resource Certification Institute at www.hrci.org or ATDs website at www.astd.org. Research the types of certifications they offer and the process one must follow to...
-
San Antonio S.A. rents a store in the Cusco Shopping Center, carrying out a series of modifications and installations in said store with the commitment that, at the end of the rental, it will...
-
b. If the above transactions covered a full year's operations, prepare a journal entry to dispose of the overhead account balance. Assume that the balance is significant. Also assume that the...
-
On 1 May 2015 Harry's Plastics Ltd acquires goods from a supplier in the US. The goods are shipped f.o.b. from the United States on 1 May 2015. The cost of the goods is US$1 500 000. The amount has...
-
In this assignment, you are going to analyze the financial viability of two companies, currently listed on the TSX . Then you will make an investment decision and justify your reasoning. Email your...
-
Create a journal entry for expense closing enteries. Time period: 3 months Entry number HBS073 This journal entry have 13 accounts Income Statement Weeks 1-10 Total Revenue Rental Revenue Sales...
-
In Exercises, find (x), the third derivative of , and (4) (x), the fourth derivative of , for each function. (x) = 2x 5 + 3x 4 - 5x 3 + 9x - 2
-
In Exercises delete part of the domain so that the function that remains is one-to-one. Find the inverse function of the remaining function and give the domain of the inverse function. f(x) = 16x4 -3...
-
What do you understand by the term credit scoring systems? How do banks use them?
-
An article in the Wall Street Journal argues that for investors to continue to see banks as good investments, the banks need an ROE of at least 12%. The average ROE for U.S. banks in 2012 was only...
-
An article in the Wall Street Journal noted that new federal banking regulations mean only a 5 percent reduction in [bank] revenue from households with $500,000 in assets or more compared with a 35...
-
3 . Accounting.. How does depreciation impact financial statements, and what are the different methods of depreciation?
-
NEED THIS EXCEL TABLE ASAP PLEASE!!!! Presupuesto Operacional y C lculo del COGS Ventas Proyectadas: Ventas Proyectadas: $ 4 5 0 , 0 0 0 Precio por unidad: $ 4 5 0 Unidades vendidas: 4 5 0 , 0 0 0 4...
-
The wash sale rules apply to disallow a loss on a sale of securities_______? Only when the taxpayer acquires substantially identical securities within 30 days before the sale Only when the taxpayer...
Study smarter with the SolutionInn App