Answer:
The banking industry is one of the fast growing industry globally.
The major liability of the bank is the total deposit made by various individual, household, and firms.
The basic assets of a bank is the loan it lend out to its customers and the reserve it keeps with the the central bank. For instance, in Nigeria, all commercial banks are expected to be #25 billion naira with the central bank of Nigeria.
Banks are profit maximize, each banks constitutes its management with well-trained finance practitioners who specializes in wealth maximization. The bank keeps minimum reserve for profit maximization.
Explanation:
Answer:
The answer is c. It is recognized as authoritative by the United States Securities and Exchange Commission and the American Institute of Certified Public Accountants.
Explanation:
IASB and it's standards are not accepted nor used in the United States of America as they have a seperate body and a seperate set of standards that are used in accounting and financial reporting and presentation.
These are known as Generally Accepted Accounting Practices or US GAAP which are issued by the Financial Accounting Standards Board (FASB) of USA.
Answer:
The answer is C: dishonored
Explanation:
When the maker of a promissory notes fails to pay on the due date, the promissory note is called dishonored. With a promissory note, a buyer makes a short-term commitment to pay a supplier for merchandise within a stated period of time and at a certain interest rate. The maker of the note is the party promising to make payment, the payee is the party to whom payment will be made, the principal is the stated amount of the note, and the maturity date is the day the note will be due.
It is called dishonored because the maker made a promess to pay a determined amount in a period of time. By failing at honoring it's word, the note its called dishonored.
Answer:
$23,200
Explanation:
Alternative 1 Alternative 2 Incremental
no repairs repair units revenue
sales revenue $31,200 $0 ($31,200)
repair costs $0 -$18,400 ($18,400)
revenue from $0 $72,800 $72,800
<u>selling repaired units </u>
total $23,200
Incremental revenues refer to the extra or additional revenues generated by a business activity or transaction. In this case, repairing and then selling the damaged units would increase income by $23,200.