An automatic reinvestment plan is a service offered by mutual funds that helps an investor earn compound interest on their investments
Mutual fund pools assets from shareholders to invest in securities like stocks, bonds, money market instruments, and other assets. they give access to individual or small investors to professionally manage portfolios of bonds, equities, and other securities.
They provide a service called an automatic reinvestment plan, in which they reinvest the investment gains back into an investor's portfolio rather than paying them out as distributions. the benefit of an Automatic reinvestment plan is of getting compound interest, It different from another service they provide which is an automatic investment plan, which just allows the investors to contribute money to an investment account on a regular interval and to invest in a pre-set portfolio.
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Journal entries based on the bank reconciliation are required in the depositor's accounts for <u>book errors</u>.
For book errors, journal entries based on the bank reconciliation must be made in the depositor's accounts. An entity's bank account is matched up with its financial records using a bank reconciliation statement, which is an overview of banking and commercial activity.
The statement lists all of the deposits, withdrawals, and other transactions that affected a bank account over a certain time period. An effective internal financial control tool for preventing fraud is a bank reconciliation statement. A bank reconciliation statement summarizes banking and business activity by comparing a company's bank account to its financial records.
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Answer:
-$0.237
Explanation:
The player making a single shoot is 392/441 = 0.889
That makes a percentage of 88.9%.
The probability of making the next 3 shots as 0.889 × 0.889 × 0.889 = 0.703.
The probability of him not making all of the next 3 shot is 1 - 0.703
So now to find the expected value,
P(makes all the three shots) * (Value when you win) + P(misses the three shots) * (value when you lose)
0.703 * $6 + (1 - 0.703)*(-$15)
$4.218 - $4.455
= -$0.237
Answer:
Bank can safely expand its loan until it has zero excess reserves i.e. up to a maximum of $5000.
<span>A bonded warehouse, or bond, is a building or other secured area in which dutiable goods may be stored, manipulated, or undergo manufacturing operations without payment of duty. It may be managed by the state or by private enterprise.
Wikipedia Definition</span>
