There are a couple of methods that First National Bank can use in order to compete with other banks in south Africa, such as :
- Increasing their interest rates for saving to gain more mass deposits from the mass
- By creating a couple of regulations that could invite more capital to the bank (such as giving a car if you deposit an xxxxx amount within 1 year)
- Expanding their subsidiaries not only in South Africa, but also to neighborhood countries to increase the net income
Answer: The ability to see risks that are not predicted and accessing funds from financial institutions
Explanation:
Here are some of the benefits of well-prepared risk management policy statement;
1) The ability to see risks that are not expected; a team of experts would be engaged to identify and give an overview of all forms of risk that could be possibly involved.
2) The organization attracts credit easily; Organisations attract credit from financial institutions when they are able to provide assessments that they carried out regarding risks. This gives the client's confidence that they can entrust their finance to the organization due to the firm have considered all forms of pending failures and that which would occur.
Answer:
cost of laptop = $1,800
cost of desktop = $2,100
Explanation:
From the question above, we can see that the laptop costs $300 less than the desktop, therefore, we say:
let x represent the cost of the laptop
;
then x+300 will be the cost of the desktop
.
We can also see that the total finance charge of $252 is equal to 7% of the cost of the laptop and 6% of the cost of the desktop, we solve as follows:
252 = 0.07(x) + 0.06(x + 300)
252 = 0.07x + 0.06x + 18
252 - 18 = 0.13x
234 = 0.13x
x = 234/0.13
x = 1,800
Recall that:
cost of desktop = x + 300
therefore:
1,800 + 300 = 2,100.
cost of laptop = $1,800
cost of desktop = $2,100
If ABC purchased $500 of merchandise on account. ABC's journal entry to record this transaction includes a:
Debit to Inventory of $500
Credit to Accounts Payable of $500.
Based on the information given if the company purchased merchandise of the amount of $500 on account, the appropriate journal entry to record this transaction is:
ABC journal entry
Debit to Inventory of $500
Credit to Accounts Payable of $500
(To record merchandise on account)
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Answer:
$11,667.91
Explanation:
Let the amount of deposit which needs to be made today is A. We have:
A x 1.04^6 + (A x 1.04^6 x 1.046^5) = 33250
A = $11,667.91
