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3 years ago

Which bank installed the first atm machine in the united states? Bank of america

Business

1 answer:

vfiekz [6]3 years ago

8 0

Answer:

Chemical Bank

Explanation:

Research shows that in the year 1969, and on the 2nd of September, the first ATM (automated teller machine) of the United States was installed by Chemical Bank. This was done in the Rockville Centre branch of the Bank, in New York. This first ATM machine in the United States, was designed primarily the same way today's ATM machines exist.

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On March 1, a business paid $3,840 for a twelve-month liability insurance policy. On April 1, the business entered into a two-ye

Helen [10]

Answer:

a. Insurance expense for the month of march

= ($3,840 / 12 months) * 1 month

= $320 per month

b. Balance in prepaid insurance as of March 31

= ($3,840 / 12 months) *11 months remaining

= $3,520

c. Equipment rent expense for the month of April

= ($23,160 / 24 months) * 1 month

= $965

d. Balance in prepaid equipment rental as of April 30

= Nil ($0) as it is not mentioned that payment has been made, it is only mentioned that two year rental contract has been entered into.

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3 years ago

An effective Financial Management Process is dependent on a number of factors. Crucial is the establishment of a sound system of

Margaret [11]

Answer:

Internal control area: it is responsible to stablish monitoring process in all the areas of the organization that prevent unlawful practices that are not in compliance with the regulations, laws or any external norm applicable to the company.

Key areas: below find 3 areas as subjects important to control and 3 areas as departments within the company

prevention of reputational risk, prevention of credit risk, prevention of operational risk.

Internal audit area, Compliance area, Legal area.

Key controls:

dual controls in the manufacturing of products prevent operational errors
due dilligences of the commercial area regarding the customers that stablish a relationship with the company
setting manuals that contain how the procedures must be done.

8 0

3 years ago

Mary Co. paid dividends of $5,000, $6,200, and $8,000 during Year 1, Year 2, and Year 3, respectively. The company had 1,700 sha

Monica [59]

Answer :

Amount of dividend paid =$1,350

Explanation :

The computation is shown below:

As per the data given in the question,

Dividend per year for preferred stock = $1700 × $100 × 3.5%

= $5,950

Particulars Year 1 Year 2 Year 3

Preferred dividend $5,000 $6,200 $6,650

($700+$5,950)

Preferred dividend in arrears $950 $700

($5,950-$5,000) ($5,950+$950-$6,200)

Therefore dividends for common shareholders is

= $8,000 - $6,650

= $1,350

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3 years ago

Section 2: Adapting to Changes

s2008m [1.1K]

Answer:

Explanation:

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3 years ago

Which of the following statements is true of inflation? Group of answer choices

mezya [45]

Answer:

c. It refers to an increase in the average level of prices.

Explanation:

Inflation refers to a constant increase in the average prices of goods and services in the economy over time. Inflation means consumers will pay more for a similar basket of goods and services than they did in a previous period. Economists use Inflation as a measure of the rate at which the general prices are rising.

A high rate of Inflation without a corresponding rise in incomes erodes the purchasing power of households and firms. The consumer price index CPI is the common index used to measure the inflation rate. Should the inflation rate increase at a very high rate, governments, through the central bank, applies monetary policies to regulate it.

8 0

3 years ago