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3 years ago

The way the bank determines the balance on which to calculate your interest is known as _____.

Business

2 answers:

Readme [11.4K]3 years ago

6 0

The answer is B. Method of computing balance ;)

neonofarm [45]3 years ago

4 0

The way a bank determines the balance on which you calculate your interest is known as an annual percentage rate. In reality, the banks take the annual percentage rate and charge a person on their daily interest rate. You can find out the daily rate by taking the APR, annual percentage rate, and divide it by the number of days in a year. The correct answer is D.

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International Imports (I2) pays an annual dividend rate of 10.40% on its preferred stock that currently returns 13.94% and has a

dangina [55]

Answer:

$74.61

Explanation:

The computation of the value of preferred stock is shown below:

Value of preferred stock = Annual dividend ÷ return of preferred stock per share

= 10.40% × 100 ÷ 13.94%

= $74.61

Simply we divide the annual dividend by the value of preferred stock per share so that the correct value of preferred stock can be computed

7 0

3 years ago

The ledger of Shamrock, Inc. on March 31, 2017, includes the following selected accounts before adjusting entries.

romanna [79]

Answer and Explanation:

The adjusting entries are as follows:

1 Insurance expense Dr $310

To Prepaid Insurance $310

(Being insurance expense is recorded)

2 Supplies expense Dr $1,650 ($2,610 - $960)

To Supplies $1,650

(Being supplies expense is recorded)

3 Depreciation expense Dr $150

To Accumulated Depreciation - Equipment $150

(Being depreciation expense is recorded)

4 Unearned service revenue Dr (two-fifth of $12,000) $4,800

To Service Revenue $4,800

(Being service revenue is recorded)

3 0

3 years ago

Tyler Jones is authorized to prepare and sign checks for the company. He also enters the checks Into the ledger. He wrote a $500

Natali [406]

Answer:

A. All checks require two signatures.

Explanation:

Internal controls refer to the checks and balances that an organization puts into place to ensure its financial transactions' integrity. They are the measures and regulations that safeguard against fraudulent transactions, especially in the finance department. Internal control protects business assets from theft and misuse by malicious employees.

Requiring all transactions to be approved by a senior officer is a control measure that would have prevented Tyler Jones from succeeding in stealing. In this case, the check would have to be signed by a second person. The second signature serves as an approval.

3 0

3 years ago

Suppose that there is a checkable deposit intoYourBank. Which of the following statements is an accurate description of the chan

maks197457 [2]

Answer: Option (C) is correct.

Explanation:

The required reserves are the reserves that banks have to keep it with central bank. Required reserves are the fraction of Check-able deposits. The required reserves are determined by multiplying the deposited amount with the required reserve ratio.

Required reserves = Deposited amount × Required reserve ratio

Required reserve ratio is set by the central bank.

3 0

3 years ago

Before polling students in the School of Business, the researcher divides all the current students into groups based on their cl

xz_007 [3.2K]

Answer:

Stratified random sampling.

Explanation:

Startified random sampling is one that divides the total population into subpopulations and analysis of each subpopulation is done to measure variations between them.

Each subpopulation is adequately represented in the whole sample used for study. For example when a population bis divide based on age into 18-30 years, 31-50 years, and 51 years and above.

The researcher divides all the current students into groups based on their class standing (freshman, sophomores, etc.). Then, she randomly draws a sample of 50 students from each of these groups to create a representative sample of the entire student body in the school.

This is use of stratified random sampling.

6 0

3 years ago

Read 2 more answers