The correct answer for this is C. Jeb should scan the article to check if the one he's looking for is in there. This way, you can efficiently use your time and lessen your hassle on reading everything what the article has to say.
A deposit is a sum of money placed or kept in a bank account, usually to gain interest
Dana is assigned to create a training program for newly hired mortgage loan officers. She has the "responsibility" to complete this assignment.
<h3>What is mortgage loan?</h3>
A mortgage loan is a secured loan that enables you to access money by giving the lender collateral in the form of an immovable asset, like a home or commercial property.
The main difference between the loan and mortgage loan is-
- Any financial arrangement where one party receives a lump sum and agrees to repay the money is referred to as a "loan."
- A mortgage is a specific kind of loan used to fund real estate. Although a specific kind of loan, not all loans are mortgages. Loans that are "secured" are mortgages.
To know more about the mortgage, here
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Answer:
Explanation:
The journal entries are shown below:
1. Petty cash A/c $1,100
To Cash A/c $1, 100
(Being the petty cash fund is established)
2. Office supplies A/c Dr $614
Miscellaneous selling expense A/c Dr $200
Miscellaneous administrative expense A/c Dr $145
Cash short and over A/c $26
To Petty cash A/c $985
(Being the expenses are recorded)
The Cash short and over is computed below:
= $1,100 - $115- $614 - $200 - $145
= $26
" The order can be accepted as given, and can be executed at the discretion of the brokerage firm at any time or day " is TRUE about the handling of this order.
Explanation:
In this case "Discretion" applies to free trading when a broker conducts business in an user's account without any of the customer being contacted first.
It typically means that the broker will determine how many stock, commitments or other securities to purchase or sell, at what cost, without customer input.
For example, a consumer might approve only blue-chip investments. If an investor prefers socially responsible investments, the broker may not bet in stocks or under-funded businesses. The investor can advise the broker, but allow the broker to spend as the broker sees fit, to preserve a certain stock to bond ratio. A broker handling a discretionary account shall follow (if applicable) the customer's explicit orders and limitations.
