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vlabodo [156]
3 years ago
5

Match the banking term with its definition.A. List currency coin and checks deposits into an accountB. A document signed by the

depositor instructing the bank to pay a specified amount of moneyC. A record set up by a bank for its customerD. Explains the reason for paymentsE. Electronic transfer of cash from one party to another.a. Deposit ticket b. checkc. bank accountd. Remittance advicee. Electronic funds transfer
Business
1 answer:
stiv31 [10]3 years ago
4 0

Answer:

A. Deposit ticket: List currency coin and checks deposits into an account.

B. Check: A document signed by the depositor instructing the bank to pay a specified amount of money.

C. Bank account: A record set up by a bank for its customer.

D. Remittance advicee: Explains the reason for payments.

E. Electronic funds transfer: Electronic transfer of cash from one party to another.

Explanation:

A. <u>Check</u>: List currency coin and checks deposits into an account.

B. <u>Deposit ticket</u>: A document signed by the depositor instructing the bank to pay a specified amount of money.

C. <u>Bank account</u>: A record set up by a bank for its customer.

D. <u>Remittance advicee</u>: Explains the reason for payments.

E. <u>Electronic funds transfer</u>: Electronic transfer of cash from one party to another.

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The next dividend payment by Grenier, Inc., will be $1.48 per share. The dividends are anticipated to maintain a growth rate of
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Answer:

Required rate of return = 10.75%

Explanation:

<em>The value of a stock using the dividend valuation model, is the present value of the expected future dividends discounted at the required rate of return. The required rate of return is the cost of equity </em>

The model is represented below:

P = D× (1+g)/ ke- g

Ke- cost of equity, g - growth rate, p - price of the stock

This model can used to work out the cost of equity, as follows:

Ke = D× (1+g)/p + g

Ke = (1.48× 1.05)/27   + 0.05

Ke= 0.107555556

Required return =  0.1075  × 100 = 10.75

Required rate of return = 10.75%

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3 years ago
At the beginning of this month, the balance of Cody's checking account was $125.26. So far this month, he has received a paychec
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Orlando Company, which applies overhead to production on the basis of machine hours, reported the following data for the period
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Answer:

$37,600 favorable

Explanation:

Variable overhead spending variance can be computed as;

= (Actual hours worked × Actual variable overhead rate) - ( Actual hours worked - Standard variable overhead rate)

= ( 18,800 hours × $77,700/12,000) - (18,800 hours × $4.5)

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6 0
2 years ago
The area of a project site that is used by the building structure, defined by the perimeter of the building plan is the:
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If the cost of an item of inventory is $60, the current replacement cost is $65, and the selling price is $95, the amount includ
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Answer:

The amount included in the inventory is $60

Explanation:

Lower of cost and net realizable value determine the value of closing inventory based on the cost incurred to produce or purchase a inventory unit or Market value of the inventory unit which ever is lower. In this question cost of unit of inventory is $60 and the replacement cost which market value of the item of inventory. The unit cost of an item of inventory is lower as compared to the replacement value.

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