Answer:false
Explanation: idk I only know the answer
Answer:
Please see the explanation of the process
Explanation:
In the integrated cash receipt system in which customers makes the payments on account of the physical check that are mailed to the company.
The mail room clerk open the envelops containing the checks and remittance advices and endorse the checks for deposit only.Then the clerk reconcile the checks and remittances advices and prepare the remittance list. The checks, remittance advices and a copy of remittance list sent to the cash receipt department
.
The cash receipt clerk reconciles the checks and remittances advice with remittance list and prepares the deposit slips. Via terminal, the clerk accesses the cash receipt system and creates a record in the remittance file (cash receipt journal) for each remittance advice received. The clerk files the remittance list, remittance advices and one copy of the deposit slips. At the end of the day,a member of the security group deposits the checks in the bank
.
Answer:
IRR 6% for Jabob
His friend will need 12 years saving cash to obtain their collegue funds.
Explanation:
We will solve for the rate being the annuity of 3 payment of 800
and the present value 2,138.41
C 800
time 3
PV 2,138.41
rate ?
To solve we can use excel, a financial calculator or trial and error
For excel we will do the following:
write the list of cash through the loan life:
-2,138.41
+800
+800
+800
then we write in the empy cell
=IRR(
select the values and press enter
This will give the IRR which is 6%
For the second assignment:
we need to solve for time:
C 3,800
time n
rate 0.06
PV $31,897
We work out the formula:
Now we solve the right side and apply logarithmic properties
-n = -11.77128325
n = 11.77
It will take 12 years to obtain their target amount
Answer: Debt Payment, National Defense and Welfare of the United States
Explanation:
When the Articles of the Confederation which was the first Constitution of the United States was ratified in 1781, it included a clause that empowered the State Governments to decide what to give to Congress. Some of them gave less and some gave nothing of what they were supposed to give.
Congress was therefore powerless and risked falling apart and with it, the Central Government.
The Constitution of 1789 changed this by including the 'Taxing and Spending' clause.
This clause gave Congress the right to impose taxes. The clause states that Congress can levy taxes to enable it to pay off American debt as well as for the defense and general welfare of American citizens.
thanks, buddy... I appreciate it...:)
