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3 years ago

If you were opening a checking account at a local bank, what services would you expect your bank to provide?

Business

1 answer:

k0ka [10]3 years ago

5 0

It should provide interest, costumer service, no additional fees for a withdrawal

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Jasper makes a $44,000, 90-day, 9% cash loan to Clayborn Company. Jasper's entry to record the collection of the note and intere

vovikov84 [41]

Jasper's entry to record the collection of the note and interest at maturity should be:

Debit Cash Account 44,990

Credit Interest Income $990

Credit Notes Receivable $43,000

The amount collected is:

Cash collected

= $44,000 Amount lend + Interest Income

And

Interest Income

= Amount lend * Interest Percent * For the days / 360

= $44,000 * 9% * 90 / 360

= $990

Now putting the interest income value in the above equation, we have:

Cash collected

= $44,000 Amount lend + $990

= $44,990

So the cash is increase by $44,990 interest income increased is by $990 and the Note receivable is at amount issued which has been decreased by $44,000.

Learn more about Journal entry here: brainly.com/question/14972126

#SPJ1

3 0

2 years ago

The accounting records of Compass Point Wireless include the following as of December 31, 2016:

uysha [10]

Answer:

1, Compass Point Wireless

Balance sheet (partial)

Current Liabilities: $

Accounts Payable 71,000

Interest Payable 17,000

Salaries Payable 10,500

Unearned Revenue 2,400

Current Portion of Bonds payable 24,000

Total current Liabilities $ 124,900

Long term Liabilities $

Mortgage Payable 80,000

Bonds Payable 64,000

Premium on Bonds Payable 10,000

Total long term liabilities $154,000

Total liabilities = Total current Liabilities + Total long term liabilities

= $ 124,900 + $154,000

= 278900

2. Debt Stockholders' equity Debt to equity ratio

278,900 160,000 1.74

Note: Debt to equity ratio = Debt / Stockholders' equity

6 0

3 years ago

Which of the following queries can have a Fully Meets result?

ANEK [815]

Answer:

The right answer for the question that is being asked and shown above is that: "true/false [adobe]; English (US) True/false [new york times online]; English (US) True/false [hawaiian phototographers]." These are the following queries that can have fully meet resulT

MARK ME BRAINLIEST!

Explanation:

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3 years ago

Van, a friend of yours from high school, recently called. He asked if you could explain to him how the value of his portfolio wo

12345 [234]

Answer:

Van is asking about Investment area of finance.

Explanation:

The developments reported can affect the market sentiments generally.
The service provided by the Finance professional to his investor friend in the given context is advice regarding Investments.
A investment is a resource or thing gathered fully intent on creating pay or acknowledgment.
In a monetary viewpoint, a venture is the acquisition of merchandise that are not devoured today however are utilized in the future to produce abundance

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brainly.com/question/14847954

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3 years ago

What is an argument in favor of a $15 minimum wage

tamaranim1 [39]

The idea for a $15/hour minimum wage is to provide a <u>living wage</u> for employees, meaning that they can meet their basic housing, food, medical, and living expenses when working full time at minimum wage.

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4 years ago