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BigorU [14]
3 years ago
7

If a company has three bank accounts for processing payments, what is the minimum number of ledgers it needs?

Business
1 answer:
earnstyle [38]3 years ago
6 0
A Company needs three ledgers if it has three bank accounts for processing payments. Three ledgers need for each of the bank accounts.

This three ledger provide more efficient and effective in maintaining each of the accounts and the payment process related to the account. This method will make the bank reconciliation process easier too.
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Which of these is the interest rate that is actually observed in financial markets? real risk-free rate real interest rates nomi
Eduardwww [97]

Answer: Nominal interest rate.

Explanation:

Nominal interest rate is the interest rate before inflation is taken into account.

Nominal interest rate is also the advertised or interest rate stated on a loan, without adding any other fees or compounding the interest.

The nominal interest rate is quoted on bonds, loans etc. It is the advertised rate without taking into cognisance inflation, inflation, taxation and compounding interest.

8 0
3 years ago
In two or more complete sentences, compare and contrast the 401(k) and the 403(b) savings plans.
Ksju [112]
The main difference of the two is the kind of employers who can offer the saving plans. For 403(b) saving plans, this applies to nonprofit companies, schools, government organizations, hospitals and religious groups. They are exempt of some administrative processes making it less costly compared to 401(k) savings plan. 401(k) savings plan is applied on private companies.
5 0
3 years ago
Read 2 more answers
The term ___________ is a popular way to describe the recession-expansion pattern followed by the economy.
UNO [17]
The term BUSINESS CYCLE is a popular way to describe the rescission-expansion pattern followed by the economy. 
5 0
3 years ago
Jason rents rooms in his hotel for an average of $100 per night. The variable cost per rented room is $20. His fixed costs are $
melisa1 [442]

Answer:

D) 1,500

Explanation:

rent per room =$100 dollars

variable cost= $ 20 dollars

fixed cost =$ 100,000.00

desired profits=$ 20,000.00

volume(V) to meet profit target;

Contribution margin per sale= $100-$20= $80

Profits = revenue-cost

=$20,000= Vx$80-$100,000

=20,000=v80-100000

   v80=100,000.00+20,000

    v80=120,000

         v=  120,000/80

Volume =1,500

 

8 0
3 years ago
I need to know the answer to this question please
Tanya [424]

Answer:

Point B

Explanation:

A "trough" in essence is just like a dip or a ditch. The answer is B because it is at the lowest point of that dip.

8 0
2 years ago
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