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3 years ago

A type of check that has a bank's guarantee of payment is a

Business

2 answers:

ziro4ka [17]3 years ago

6 0

I think it's a cashier's check...(Don't mark my words)

tresset_1 [31]3 years ago

5 0

Answer:

cashier's check.

Explanation:

The check is a document through which a bank is requested to pay a certain amount of money.

The cashier's check is a payment order that the bank makes so that it is cashed right there, or where appropriate, so that its amount is deposited in the bank account that the beneficiary has in that institution.

It represents one of the forms of payment that offers greater security for those who charge it, because it guarantees that there are always funds to collect it.

The bank as an institution to which the issuance or preparation of the check is requested. The bank has the obligation to issue a cashier's check for the amount that the interested party has requested and must pay it upon receipt.

The user, or buyer of the check, is the person who pays the bank, or makes the deposit for the amount for which the check was drawn up. It is the person who goes to the bank counter to request the purchase of a cashier's check.

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C. Taking your competition seriously.

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3 years ago

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If a monopolist or a perfectly competitive firm is producing at a break-even point, then:

Klio2033 [76]

If a monopolist or a perfectly competitive firm is producing at break-even point then they're basically equaling their average revenue to the average total cost - ii.

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3 years ago

Chris has three options for settling an insurance claim. Option A will provide $1,500 a month for 6 years. Option B will pay $1,

Papessa [141]

Answer:

Option B. $1,025 a month for 10 years.

Explanation:

Calculate the present value of each option:

$\text{Monthly rate: } 6.8\%/12 = 0.068/12 = 0.005\overline 6$

Formula:

$PV=C\times \bigg[\dfrac{1}{r}-\dfrac{1}{r(1+r)^t}\bigg]$

Where:

PV is the present value of the constant monthly payments
r is the monthly rate
t is the number of moths

1. Option A will provide $1,500 a month for 6 years.

$PV=$\ 1,500\times \bigg[\dfrac{1}{(0.005\overline 6}-\dfrac{1}{0.005\overline 6(1+0.005\overline 6)^{(6\times12)}}\bigg]$

$PV=\$ 88,479.23$

2. Option B will pay $1,025 a month for 10 years. 

$PV=$\ 1,025\times \bigg[\dfrac{1}{(0.005\overline 6}-\dfrac{1}{0.005\overline 6(1+0.005\overline 6)^{(10\times12)}}\bigg]$

$PV=\$ 89,068.22$

3. Option C offers $85,000 as a lump sum payment today.

PV = $85,000

<h2 /><h2> Conclusion:</h2>

The present value of the option B, $1,025 a month for 10 years, has a the greatest present value, thus since he is only concerned with the financial aspects of the offier, this is the one he should select.

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3 years ago

How can investors receive compounding returns? A: by selecting a savings account that has a higher interest rate B: by investing

ollegr [7]

I would choose A. But that's a recommended answer from my teacher

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3 years ago

Let's assume that a firm produces 40 products. Its total weekly cost (TC) at this output is $1200. This includes TVC and TFC. We

ikadub [295]

Answer:

$15

Explanation:

The computation of the average fixed cost is shown below:

As we know that

Average fixed cost is

= Total fixed cost ÷ Quantity

where,

Total fixed cost is

= Total cost - total variable cost

= $1,200 - $200 × 3

= $1,200 - $600

= $600

And the quantity is 40 products

So, the average fixed cost is

= $600 ÷ 40

= $15

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3 years ago