Answer:
None
Explanation:
Before a bank decides on which interest rate placed on loans given to customers, it will have to be a general agreement between the board of directors in an Annual General Meeting (A.G.M). Or else stated otherwise which is quite rare, interest rates on loans and mortgages are based on a simultaneous agreement. When an interest rate is to be decided for a certain customer, his or her credit scores are evaluated to ascertain the loanee's ability to pay back the loan. When a loanee's credit scores are low, he or she tends to receive a high interest rate on loans and mortgages while when a loanee's credit scores are high, he or she tends to receive a low interest rate on loans and mortgages.
On the case of the client who works in a bank granting the registered representative a mortgage with lower interest rates, this cannot be possible because: first, the client's position in the bank was not clarified and secondly, the registered representative's credit scores will be the evaluation report used by the bank to grant that.
I believe that the $500 cheque from your parents has already been counted when it was earned and therefore would neither increase or decrease GDP. GDP is defined basically as a bulk measure of production that is equal to the sum of all gross values of all units involved in production.
Answer:
C. adjust the balance in the firm's checkbook to reflect the data that appears in the bank's records.
Explanation:
The bank reconciliation statement is prepared by the firm to reconcile the balance stated by the bank and that recorded in the firm's books. The bank balance in the firms books may differ from that recorded by the bank. The reasons for this is usually due to the recognition of some transaction by the firm that are yet to be recognized by the bank or transactions recorded by the bank, yet to be recognized in the firm's book.
Examples of such are unpresented cheques, uncredited lodgements etc. The difference are usually said to have arising as a result of a timing difference in recognition of transactions impacting the firm's account with the bank by both parties.
Considering the options;
A. is not right as the cheque has been returned. This will result in a difference between the book balance and the bank balance as the bank would not record the cheque but this would have been recorded by the firm.
B. The bank must have had a legitimate reason for returning the cheque. As such the cheque has to be honored first by the bank before being recognized. In light of this, option B is not right as the difference in balance per bank and per the firm would not have been corrected
D. Since the cheque has been returned by the bank, it is no longer outstanding as the cheque is no longer with the bank and as such it is known to the firm that the transaction for the cheque has failed to pull through.
C. With the cheque returned already, meaning it is no longer issued, necessay adjustments should be made in the firm's checkbook to reflect the data that appears in the bank's records.
Hence Option C is the appropriate action to be taken by the firm.
Answer:
If you need negotiating
Explanation:
If you need to negotiate, often times a silent partner can be better because they will not get you into more trouble or ruin your presentation with their own activeness.
Answer:
days of inventory on hand if 360 days is used = 360 / 6.396607 = 56.28 days
days of inventory on hand if 365 days is used = 365 / 6.396607 = 57.06 days
Explanation:
We are to determine the days of inventory on hand
days of inventory on hand = number of days in a period / inventory turnover
inventory turnover = cost of goods sold / inventory - $603,200 / $94,300 = 6.396607
days of inventory on hand if 360 days is used = 360 / 6.396607 = 56.28 days
days of inventory on hand if 365 days is used = 365 / 6.396607 = 57.06 days