Answer: Explanation:
We debit the contributed assets and credit the capital account
cash 11,290 debit
equipment 2,740 debit
capital account 14,030 credit ( 11290 + 2740)
we debit the asset and recognize the payable amount
supplies 450 debit
account payable 450 credit
we debit the assets and credit the revenue
cash 1,303 debit
account receivable 689 debit
service revenue 1,992 credit (1303 + 689)
we debit the expense and credit the asset we use to pay it
rent expense 634 debit
cash 634 credit
we debit the expense and credit the consumed asset
supplies expense 187 debit (450 purchase - 263 at hand)
supplies 187 credit
Answer:
lost-update program
Explanation:
lost-update program is problem that occurs in database system when two different data or transaction are simultaneously saved on the same column and on the same row within a database. This conflict results to the loss of the first part of the saved data because it will be overwritten by the other different data for transaction.
From the question, Charles and Irene are working on the same copy of data, Charles's data overwrite Irene's leading to what is known as lost-update program
Answer:
A commercial bank is one which takes deposits to customers and loans them out to other customers, and makes a profit by charging a higher interest rate then it pays. Whereas in Investment bank is a bank which provides services to other companies for their IPOS, Asset management, helps create SPVs, helps in mergers and acquisitions etc.
Major Financial institutions
Central Banks: Setting Monetary Policy
Commercial Money: Taking Deposits and Lending that money
Investment Banks: Handling mergers and acquisitions
Mutual funds and ETFs are very similar in the nature that various investors are allowed to invest in them and it is very safe and passive type of investing, low risk and low return but the major difference is that ETFs follow a particular index for eg S and P 500 etc
Hedge funds on the other hand only allow high net worth individuals to invest and have limits on how early you can withdraw your money, they use very complex, active and high risk, reward strategies.
Explanation:
Answer: A. Informational asymmetry
Explanation:
There exists an information asymmetry in the financial markets that rises from people being unable to adequately analyse the riskiness of various business endeavours.
Banks overcome this information asymmetry by having experience and well trained personnel that are capable of adequately assigning risk to ventures and charging them the appropriate interest rate to make a return on that venture.
Answer:
Explanation:
The dividend paid is shares multiplied by dividend per share = 9200*3 = 27600
