Answer: $180
Explanation:
From the question, Federal Bank of America has loaned $9,000 to Southgate Animal Hospital, using a 90-day non-interest-bearing note. The bank discounted the note at 8%.
Therefore, the debit to Discount on Notes Payable in the general journal will be:
= $9,000 × 8% × 90/360
= $9,000 × 8/100 × 1/4
= $9,000 × 0.08 × 0.25
= $180
The correct answer is $180
It should be noted that we used 360 days for a year.
We are the biggest trade for wheat and we get lost of our products from 0ther country's how ever many country's do get our crops and some various weaponry. I hope this helped
Answer: c. legal but unethical
Explanation:
With John being in charge of the loan application when Albert came to apply, John had access to Albert's information.
John then used this information which he had LEGAL access to, to recommend a bank product to Albert.
This is legal but UNETHICAL because Albert did not know that any information he gave will be used for a reason different from his application for a loan.
Answer:
$13.19
Explanation:
Data given
Annual dividend = $1.48
Increase percentage annually = 2.5%
Discount rate percentage = 14%
The computation of price is shown below:-
Price = Dividend ÷ (Cost of equity - Growth rate)
= ($1.48 × 1.025) ÷ (0.14 - 0.025)
= $1.517 ÷ 0.115
= $13.19
Therefore for computing the price we simply applied the above formula.
Answer: Fair and Accurate Credit Transaction Act
Explanation:
From the question, we are informed that Mortgage loan originator Carol is in a hurry to leave on her vacation, and she leaves a customer's file that contains his Social Security number and bank account numbers on her desk.
Carol is violating the Fair and Accurate Credit Transaction Act. The Act was put in place to detect and also hinder Identity theft.
