Why is there a difference between interest charged and interest earned? a)banks are non-profit institutions. b)banks are profit-making institutions. c)banks must pay more than they receive. d)there is no difference between interest charged and interest earned.

According to herman, one of the differences of managing a nonprofit versus a for-profit corporation is

You hear your supervisor tell another supervisor that a fire drill will take place later today when the fire alarm sounds that afternoon you should

Singer and mcmann are partners in a business. singer’s original capital was $40,000 and mcmann’s was $60,000. they agree to salaries of $12,000 and $18,000 for singer and mcmann respectively and 10% interest on original capital. if they agree to share remaining profits and losses on a 3: 2 ratio, what will mcmann’s share of the income be if the income for the year was $15,000?