The process of Automated Clearing House make it take up to 4-6 business days to process payment request.
The payment request is a process initiated by the creditor and it is majorly based on website platform such as P.aypal, P.ayoneer etc.
Usually, when a payment request is initiated, a process called Automated Clearing House (ACH) is used by the financial institution to help transfer money to respective account of potential receivers.
However, the Automated Clearing House process can take up to 3,4, or 5 business days before the account will be credited even after the sender account have been debited.
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Answer:
troll island's real gdp after the increase in ae is 5
Explanation:
MPC = 0.6
MPS= 1- 0.6
Multiplier = 1/1-MPC
=1/1-0.6
(1/1-0.6)*2
=5
Answer:
a. Debt Investments 520,000
Interest Revenue 12,500
Cash 532,500
Explanation:
The journal entry is as follows
Debt Investments 520,000
Interest Revenue 12,500
To Cash 532,500
(Being the purchase of the bond is recorded)
The calculation is shown below:
For debt investment,
= $500,000 × 104%
= $520,000
And, for interest revenue it is
= $500,000 × 10% × 3 months ÷ 12 months
= $12,500
The three months is calculated from the May 1, 2018 to August 1, 2018
Since the bonds are purchased so the cash account are credited and the debt investment and the interest revenue is debited
Answer:
i am confused sorry guys.
