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inn [45]
3 years ago
5

If you borrow money from a lending institution and agree to pay back the original amount plus the accrued interest, what does it

signify?
A.
credit from the lending institution
B.
you are a creditor in the Lending institution’s account
C.
the lending institution has debited its account
D.
your personal account shows cash outflow
E.
lending institution shows cash inflow
Business
1 answer:
drek231 [11]3 years ago
3 0

Answer:

Option A.

Explanation:

Bank credit refers to the total amount of credit which is available to an individual or a business from a banking institution. It is the total amount of combined funds which financial institutions can provide to an individual or business.

A business or an individual's credit approval will depend on the following:

- borrower's credit rating,

- income,

- collateral,

- assets,

- pre-existing debt,

- total amount of credit available in the banking institution, etc.

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Coaches can receive a bonus from the booster club at the conclusion of a season.
inna [77]

Answer:

The statement is true

Explanation:

Booster club is the organization which is formed in order to support the organization, associated club and sports team. The club support through coordinating events or raising the funds.

So, yes, the coaches are legally could receive the bonus from the booster club at the season conclusion as the booster clubs are not state funded, so they are intended to use the money for the school resources.

And there is no legal matter is involves with giving the coaches bonuses as the booster club raise the fund from the extra circular activities.

 

4 0
3 years ago
In examining its monthly bank statement, a company discovers that that its account was credited $30 for interest earned. The ent
Delvig [45]

Answer:

Added to Cash Book Balance in Bank Reconciliation Statement

Explanation:

Bank Reconciliation Statement BRS is made to correct for the mismatch between bank balance as per cash book & bank balance as per pas book.

If account has been credited (added) with $30 for interest earned, discovered later i.e not recorded in cash book : The amount has been added in passbook , but not in cashbook.

So, to match the difference : Interest earned but not recorded = $30 will be added to 'Favourable Debit balance as per cash book' , to achieve 'Favourable Credit balance as per pass book' in the BRS.

6 0
3 years ago
Bronson Industries reported a deferred tax liability of $8 million for the year ended December 31, 2017, related to a temporary
swat32

Answer:

Please see attachment

Explanation:

Please see attachment

8 0
3 years ago
Interest you receive from a bank is not considered income<br> True or False?
bulgar [2K]
Any interest that you receive from a bank is taxable income, so I guess its false 
6 0
3 years ago
Read 2 more answers
Can someone please help me
Andrew [12]

Answer:

Technology

1. Data Scientist.

data scientists help organizations to solve vexing problems. Combining computer science, modeling, statistics, analytics, and math skills—along with sound business sense—data scientists uncover the answers to major questions that help organizations make objective decisions.

2. Web Developer.

web developers are responsible for designing and developing websites and website applications.

3. Software Developer.  

Analyze users' needs and then design, test, and develop software to meet those needs. Recommend software upgrades for customers' existing programs and systems.

Explanation:

8 0
3 years ago
Read 2 more answers
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