Answer:
B. IT'S SHOWN AS A DEBIT MEMO
Explanation:
A bank creates a debit memo when it charges a company a fee on its bank statement, thereby reducing the balance in the company's checking account. Thus, if a bank account has a balance of $1,000 and the bank charges a service fee of $50 with a debit memo, the account then has a remaining balance of $950. Examples of charges that can cause debit memorandums are bank service charges, bounced (not sufficient funds) check fees, charges for the printing of check stock, and rental fees for the use of remote deposit capture scanners and software
Answer:
It increases the chance that the investment will lose all value.
Explanation:
If you go for a risky investment, it could increase the chance of it being a waste of time and money to sum it all up. But the answer you seek is, "It increases the chance that the investment will lose all value."
Answer:
=$11,580.00
Explanation:
The CD pays 4.9 percent compounded monthly for four years.
In one year, there will be 12 occasions of compounding; after four years, there would be 12 x 4 = 36 compounds.
The interest rate per year is 4.9 percent; monthly interest will be 4.9 /12, which is 0.4083 percent.
The amount in four years is the same as the future value after four years.
=FV = PV (1+r)n
Pv =$10,000
r=0.4083 %
N =36
Fv = 10,000(1+0.4083/100)36
=10,000(1+0.004083)36
=$10000 x 1.1579932
=$11,579. 932
=$11,580.00
Answer:
Bank A/c Dr $63,000
To Notes Payable $63,000
(Being the issuance of the installment note for cash is recorded)
Explanation:
The journal entry is shown below:
Bank A/c Dr $63,000
To Notes Payable $63,000
(Being the issuance of the installment note for cash is recorded)
For recording this transaction, we debited the bank account as it increased the assets account and at the same time it decreased the liabilities so the notes payable is credited
After a recession when the economy starts to expand again, firms tend to increase share repurchases faster than they increase dividends.
An economy is the area of production, distribution, trade and consumption of goods and services. Generally, it is defined as a social domain emphasizing practices, discourses, and material expressions related to the production, use, and management of scarce resources.
Economy is defined as the management of community, business, or family financial matters. An example in economics is the US stock market system.
The economy is the system in which goods are produced and exchanged. Without a viable economy, the nation will collapse. There are three main types of economy: free market, command economy and mixed economy.
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