1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
BlackZzzverrR [31]
1 year ago
14

In which situation would a banker's draft be used?

Business
1 answer:
MrMuchimi1 year ago
6 0

Banker's draft can be used when the person making the payment wants money to be

available in the receiving bank's account.

<h3>What is bank draft?</h3>

Banker's draft is a a form of cheque that is given to a customer at the bank either for a purchase payment.

It can also be brought to another bank for remittance, it serves as evidence for transactions.

Therefore, a banker draft can be used when the person making the payment wants money to be

available in the receiving bank's account.

Learn more on bank's draft here,

https://brainly.com/question/6906511

You might be interested in
A critical function of the government in facilitating the operation of a market economy is
o-na [289]
A critical function of the government in facilitating the operation of a market economy is setting and enforcing private property rights. Private property rights determine how a resource or good is owned. 
4 0
2 years ago
On January 2, 2018, Howdy Doody Corporation purchased 15% of Ranger Corporation's common stock for $58,000. Ranger's net income
insens350 [35]

Answer:

Howdy Doody show in the 2018 income statement as income from this investment is $24225

Explanation:

given data

purchased = 15%

common stock = $58,000

net income 2018 = $15,000

net income 2019 = $58,000

dividend  = $61,500

fair value = $73,000

to find out

How much Howdy Doody show in the 2018 income statement as income from this investment

solution

we know that net income to be reported as income by investment is the sum of income from dividend + unrealised gain

so here

unrealised gain = increase in value of stock that is

= $73,000 - $58,000 = $15000      .............1

and

income from dividend is  = 15 % of $61,500

income from dividend = $9225       .................2

now add equation 1 and 2

Howdy doody show in 2018 income statement as income from this investment = Dividend revenue + Unrealized holding gain

income statement = $9225 + $15000

income statement = $24225

4 0
3 years ago
Allison spends a lot of time socializing with friends on facebook, downloading movies, and completing schoolwork. but her older
notsponge [240]
I would think it would be yes I think
8 0
3 years ago
To reverse a downward trend in sales, Mazda introduced its MPV minivan. Mazda positioned its van as a cross between a standard m
vivado [14]

Answer:

C. Benefit

Explanation:

7 0
3 years ago
Which of the following represent features of evidence-based practice?
Delicious77 [7]

Answer:

all of the above

Explanation:

All of these represent features of evidence-based practice (EBP). It is now common for insurance companies to adjust the services they will pay for based on EBP guidelines.

7 0
3 years ago
Read 2 more answers
Other questions:
  • Paula is about to open a new hardware store. She is making decisions regarding lighting, colors, and layout of merchandise. Paul
    9·1 answer
  • If textbooks and study guides are complements, then an increase in the price of textbooks will result in
    14·1 answer
  • Bill is the owner of M.E. Inc., which produces miniature internal combustion engines that are used to operate hydraulic systems
    10·1 answer
  • A client is interested in becoming a limited partner of a DPP (direct participation program). He signs a subscription agreement
    5·1 answer
  • Pettygrove Company had 1,800,000 shares of $10 par value common stock outstanding. The amount of additional paid-in capital is $
    11·1 answer
  • Who wants to be my friend and get 10 point reply and follow me . AllyubongAbasiEtuk​
    8·2 answers
  • The Fair Credit Reporting Act, or Title VI of the Consumer Credit Protection Act of 1968, requires that lenders do all of the fo
    15·1 answer
  • Riley operates a plumbing business, and this year the three-year-old van he used in the business was destroyed in a traffic acci
    6·1 answer
  • Because there are some positive aspects of bureaucracy, as proposed by Max Weber, Therese, a restaurant manager, is interested i
    6·1 answer
  • Why is it important to screen your business idea?​
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!