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vodomira [7]
3 years ago
10

All financial intermediaries are authorized depository institutions by APRA to carry out financial intermediation

Business
1 answer:
VladimirAG [237]3 years ago
7 0

Answer:

The correct answer is the option: True.

Explanation:

First of all, the<em> Australian Prudential Regulation Authority</em> or APRA is the name given to an independent statutory authority whose main purpose is to regulate and supervise institutions across banking, insurance and superannuation and promotes financial system stability in Australia.

Secondly, <em>authorized deposit-taking institutions</em> are those financial institutions that are permitted to accept deposits from the public in Australia and <u>all financial intermediaries that are registered are authorized to carry out financial intermediation</u>.

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stealth61 [152]
You can price your products, by average, fairness is key!
3 0
2 years ago
Read 2 more answers
Journal Entries (Note Received, Discounted, Dishonored, and Collected)
Sholpan [36]

Answer:

Journal Entries:

Apr. 6 Debit 6% Notes receivable $2,700

Credit Accounts receivable $2,700

To record the receipt of a 120-day, 6% note for accounts receivable balance.

Apr. 26 Debit Cash $2,511

Debit Finance expense $189

Credit 6% Notes receivable $2,700

To record the discounted note at a rate of 7%.

May 3 Debit 7% Notes receivable $1,000

Credit Accounts receivable $1,000

To record the receipt of a 30-day, 7% note in payment for accounts receivable

June 2 Debit Accounts receivable $1,005.83

Credit 7% Notes receivable $1,000

Credit Interest revenue $5.83

To record the 30-day, 7% note is dishonored.

June 5 Debit Cash $1,005.83

Credit Accounts receivable $1,005.83

To record the receipt of cash and interest of 7% on the maturity value.

Explanation:

a) Data and Analysis:

Apr. 6 6% Notes receivable $2,700 Accounts receivable $2,700

Received a 120-day, 6% note

Apr. 26 Cash $2,511 Finance expense $189 6% Notes receivable $2,700 Discounted the note at a rate of 7%.

May 3 7% Notes receivable $1,000 Accounts receivable $1,000

Received a 30-day, 7% note in payment for accounts receivable

June 2 Accounts receivable $1,005.83 7% Notes receivable $1,000 Interest revenue $5.83 ($1,000 * 30/360) 30-day, 7% note is dishonored.

June 5 Cash $1,005.83 Accounts receivable $1,005.83

7% on the maturity value.

5 0
3 years ago
At December 31, 2017, Carla Company has outstanding three long-term debt issues. The first is a $2,050,000 note payable which ma
Tatiana [17]

Answer:

At  2018 year end,no debt obligation is due to mature,hence disclosure at 31 December,2017 is zero

At 2019 year end,sinking fund payments and note payable are due, hence  the disclosure in that regard at 31st December 2017 is $4,784,000  

At 2020 year end,bonds and sinking fund payments mature,as a result the disclosed amount is $8,482,000  in respect 31st December 2017 .

At 2021 year end,only sinking fund  is due for payment leading to disclosure of $2,734,000 as at 31st December,2017.

The figures are shown down the line.

Explanation:

Long-term debt is a debt that is repayable in more than a year's time.

Note payable is an agreement between companies issuing the notes and the investors investing in the notes that the amount invested in the notes would be repaid to investors as well as the interests thereon.

Sinking Fund is a fund set aside to redeem debt principal at a specified time in future by putting a specific amount in the sinking fund account at intervals,whose interest and principal would be enough to settle loan obligations.

Years  Requirment                      Workings

2018  $0  

2019 Sinking fund                                   $2,734,000  

2020 Sinking fund and note payable $4,784,000  ($2,050,000 +$2,734,000)

2021 Bond and sinking fund     $8,482,000  ($6,750,000 + $2,734,000)

2022 Sinking Fund                                       $2,734,000  

6 0
3 years ago
As the dominant member of the channel of distribution, Coca-Cola holds a lot of power in the relationship with independent groce
irakobra [83]

Answer:

System of Administered vertical marketing

Explanation:

Vertical marketing system is the system of cooperation among the several levels of the distributed channel. In this system, the members work together in order to promote the efficiency as well as economies of scale in the direction products are promoted to the end users.

Administered Vertical Marketing System is the one of the kind of vertical marketing system, which is a system that is coordinated among the distribution channel organisation, in that the flow of products from producer to the customer is controlled through size and power of one member of the system.

So, in this case, dominant member has the power of controlling the store. Therefore, it states the example of administered vertical marketing system.

6 0
3 years ago
A child receives a dime for weeding dandelions from the yard. sometimes he gets paid after pulling as few as three, sometimes he
ddd [48]

Variable-ratio reinforcement, in which the rate of reward varies over time.

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3 years ago
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