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3 years ago

True or False: Banks are required to make electronically deposited funds available on the same day of the deposit

Business

2 answers:

Law Incorporation [45]3 years ago

6 0

The given statement is false.

Further Explanation:

Remote deposit:

Remote deposit is a type of payment process where the payment is processed without sending the paper check to the bank or the financial institution. The check is scanned, and the scanned image is transferred electronically. The image has all the information regarding the check, such as amount, party, date. Businesses use the remote deposit for the payment of the wages and salaries that are very large in volume.

Comment whether the given statement is true or false:

The given statement is false.

The electronically deposited funds are not mandatorily available on the same day of the deposit. Each bank has its own payment and receipt gateway. So, it depends on the gateway, how much it takes to deposited money to be available. In exceptional condition, due to the technical error, the bank may take several days to show the balance in the account. Therefore, the banks are not required to make the electronically deposited funds available on the same day as the deposit.

Thus, the given statement is false.

Learn More:

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Answer Details:

Grade: Senior school

Chapter: Banking system

Subject: Business studies

Keywords: true, false, banks, required, make, electronically, deposited, funds, available, same, day, deposit, remote deposit.

PIT_PIT [208]3 years ago

4 0

Banks are required to make electronically deposited funds available on the same day of the deposit. False.

Banks are not required to make same day deposits available. The amount deposited and the bank all have different rules for for when they need to have funds available. Since each bank and type of account decide whether or not the funds need to be available and for how much, this varies from bank to bank.

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Corporate social responsibility: Group of answer choices

Misha Larkins [42]

Answer:

Letter e is correct. Extends beyond ethics to include community, environment, and human rights

Explanation:

Corporate social responsibility refers to the voluntary commitment that companies have to make a contribution to the development of the society in which it operates, in addition to reducing its environmental impacts and ensuring the preservation of human rights. This is when the company implements beneficial actions that exceed those required by law.

In a globalized world, there is legal pressure from consumers, institutions, NGOs and the media to make companies not only profitable but also voluntary contributors to building a more egalitarian society.

The benefits added to companies that practice corporate social responsibility are diverse, with emphasis on improving community value and improving stakeholder satisfaction and perception.

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3 years ago

McCann Publishing has a target capital structure of 35% debt and 65% equity. This year's capital budget is $850,000 and it wants

levacccp [35]

Answer: $952500

Explanation: targeted equity ratio is 65% = 0.65

Capital budget = $850000

Dividend = net income - (target equity ratio × total budget)

400000 = N - (0.65 × 850000)

Make N the subject of formula

Net income N = $952,500

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3 years ago

Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on whic

Kay [80]

Answer:

≈ 9644 quantity of card

Explanation:

given data:

n = 4 regions/areas

mean demand = 2300

standard deviation = 200

cost of card (c) = $0.5

selling price (p) = $3.75

salvage value of card ( v ) = $ 0

The optimal production quantity for the card can be calculated using this formula below

= u + z (0.8667 ) * б

= 9200 + 1.110926 * 400

≈ 9644 quantity of card

First we have to find u

u = n * mean demand

= 4 * 2300 = 9200

next we find the value of Z

Z = ( $\frac{p-c}{p-v}$ )

= ( 3.75 - 0.5 ) / 3.75 = 0.8667

Z( 0.8667 ) = 1.110926 ( using excel formula : NORMSINV (0.8667 )

next we find б

б = 200 $\sqrt{n}$ = 400

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3 years ago

Ramon is a very balanced task and relation-oriented leader. which type of leadership does ramon have?

lilavasa [31]

Ramon is a very balanced task and relation-oriented leader. Ramon has behavioral leadership.

Theories of leadership explain how and why specific individuals become leaders.

They emphasize the character characteristics and actions that people might adopt to improve their leadership skills.

According to the behavioral leadership hypothesis, a leader's effectiveness is determined by their behavior rather than by their inherent qualities.

According to the behavioral leadership theory, a leader's responses to a particular scenario should be observed and evaluated.

According to this belief, leaders are created, not born.

According to this theory's proponents, anyone who can learn and apply specific characteristics can become an effective leader.

Hence, Ramon is a very balanced task and relation-oriented leader. Ramon has behavioral leadership.

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2 years ago

Read 2 more answers

Cash Flow Equivalences. Southwestern Moving and Storage wants to have enough money to purchase a new tractor-trailer in 5 years

vagabundo [1.1K]

Answer:

They must set aside $65,494.95 at the end of year 4.

Explanation:

Giving the following information:

Southwestern Moving and Storage wants to have enough money to purchase a new tractor-trailer in 5 years for $290,000. If the company sets aside $100,000 in year 2 and $75,000 in year 3.

Interest rate= 9%

We will assume that the money gets set aside at the end of each period.

First, we need to calculate the accumulated money of the first two investments using the following formula:

FV= PV*(1+i)^n

Year 2: FV= 100,000*(1.09)^3= 129,503

Year 3: FV= 75,000*(1.09)^2= 89,107.5

Total= $218,610.5

Difference= 290,000 - 218,610.5= 71,389.5

Final value= 71,389.5

We need to find the present value:

PV= FV/(1+i)^n

PV= 71,389.5/(1.09)= 65,494.95

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3 years ago