Bank customers should reconcile their records frequently with bank statements to prevent their checks from bouncing. They should frequently check the record of their balance in the account and the transactions being made to make sure that th checks they issue will still be valid.
Answer:
The correct answer is A. The time value of money.
Explanation:
In economic theory, the temporary value of money is intended to represent the idea that a dollar of today is worth more than a dollar of the future, even after adjusting for inflation, because a dollar can now generate interest or other returns up to moment in which the dollar of the future is received. This theory is based on the calculation of present or current value.
Answer:
B. 500
Explanation:
Portfolio return = Weighted average return
Let the amount invested in portfolio is x and amount invested in risk free = 1000 - x
27.5% = 20%*x + 5%*(1000-x)
27.5% * 1,000 = 20%x + 50 – 5%x
0.275 * 1,000 = 15%x + 50
275 - 50 = 15%x
225 = 15%x
x = 225 / 0.15
x = $1,500
Hence, the amount of money borrowed = $1,500 - $1000
= $500
Answer:Manufacturers produce or make products. They typically sell them to wholesalers or distributors that have expertise in getting products to retailers. Retailers then hold inventory and market the goods to consumers that purchase them for personal or family consumption.
