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Kay [80]
3 years ago
9

Which one of the following would not cause a bank to debit a depositor's account? a.Checks marked NSF b.Wiring of the depositor'

s funds to other locations c.Bank service charge d.Interest earned by the account
Business
1 answer:
Monica [59]3 years ago
7 0

Answer: Interest earned by the account.

Explanation: When a bank debits an account money is been removed from the account. This can either be as a result of: the account owner withdrawing from the account, a cheque paid to another person, bank service charges.

While when a bank credits an account money is added to the account. It can occur as a result of : money paid into an account, bank interest paid on accounts.

Therefore interest earned on an account is credited to the account holder.

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Financial accounting

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The Generally accepted accounting principle (GAAP) is the standard, principles and  procedures that accountant must follow or adhere to when compiling financial statements. The major objective of GAAP is to make the accounting process uniform so financial reports are comparable from one company to another.

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The use of long-term savings to earn a financial reward is called
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Explain the three macroeconomic goals of economic systems
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The three major macroeconomic goals of an economy should be economic growth, low unemployment/full employment, and low inflation rates. Economic growth occurs when an economy ‘increases its ability to produce goods and services’

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3 years ago
Alpha Computing is a U.S. company that specializes in IT research. It has formed a joint venture with Microchips Inc., a Belgium
lianna [129]

Answer:

The correct answer is option A,strategic alliance

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Strategic alliance it is a form of partnership where businesses avail one another strategic resources in the areas of supply chain management,production,marketing,distribution,technological advancement and know-how for the joint benefits and advantage of all partners.

In this case,Alpha as the leader in laptop designing  is combining resources with another technological giant Microchips Inc. in order that they may complement each other's efforts.The synergy impact of such arrangement is enormous as each partner concentrates on what he knows best.

8 0
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Exercise 8-02 The following control procedures are used at Torres Company for over-the-counter cash receipts. (a) For each proce
saveliy_v [14]

Answer: weakness

Cashiers are not bonded. Cash is not adequately protected from theft. Inability to establish responsibility for cash with a specific clerk. The accountant should not handle cash. Cash is not independently counted.

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Explanation:

There should be separate cash drawers and register codes for each clerk. A cashier office supervisor should count cash. The cashier’s department should make the deposits. All cashiers should be bonded. Cash should be stored in a safe until it is deposited in the bank.

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