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Zepler [3.9K]
3 years ago
13

Select the correct answer from each drop-down menu. What is the basis for the calculation of interest payable by various financi

al institutions? The interest payable is calculated based on the , , and of the deposit.
Business
1 answer:
arlik [135]3 years ago
3 0

Answer:

The interest payable is calculated based on the principal, interest rate, number of years of the loan or of the deposit.

Explanation:

Financial institutions is a company or a firm that deals with financial and monetary activities such as; loans, deposits, investments and currency exchange. Most financial transactions especially loans and savings usually have an interest rate that is set by the financial institution. The amount of interest can be paid by the borrower in a case where an individual takes a loan from the financial institution. Interest can also be paid by the financial institution in a case where the individual or group opens a savings account with the financial institution. In both cases, the interest rate is set by the financial institution. The amount of interest payable can be determined using the formula below;

A=PRT

where;

A=amount of interest payable

P=principle amount. The principal amount can either be the loan amount or the savings deposit amount

R=interest rate

T=number of years

The interest payable is calculated based on the principal, interest rate, number of years of the loan or of the deposit.

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Defendant Mcpherson owned property adjacent to the first presbyterian church and wanted to build a gas station on the property.
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The court did not uphold the injunction because the property on which Mcpherson wants to build the Gas station that belongs to Mcpherson has the right to build a gas station on that so Mcpherson challenged this decision any upper court.

<h3>What is an Injunction?</h3>

An injunction is a legal order requiring a person or entity to either cease doing or else start doing some specific action or task.

Thus, in this case, Mcpherson can challenge the lower court's decision in the upper court that prevents him from making a gas station on land that belongs to him.

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5 0
2 years ago
Those who are working are defined as_____ (one word) and those who are not working but actively seeking work are defined as____
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Those who're running are described as hired and people who aren't running however actively in search of paintings are described as unemployed.

The required details for Unemployment in given paragraph

Unemployment, in keeping with the OECD now no longer being in paid employment or self-employment however presently to be had for paintings all through the reference period. Unemployment is measured through the unemployment rate, that's the range of those who are unemployed as a percent of the hard work force (the overall range of humans hired introduced to the ones unemployed). Unemployment and the fame of the financial system may be stimulated through a rustic thru, for example, financial policy. Furthermore, the financial authority of a rustic, along with the relevant bank, can have an impact on the supply and price for cash thru its financial policy. In addition to theories of unemployment, some categorizations of unemployment are used for extra precisely modelling the consequences of unemployment within side the financial system. Some of the principle styles of unemployment include structural unemployment, frictional unemployment, cyclical unemployment, involuntary unemployment and classical unemployment.

Structural unemployment specializes in foundational troubles within side the financial system and inefficiencies inherent in hard work markets, which include a mismatch among the deliver and call for of people with important talent sets. Structural arguments emphasize reasons and answers associated to disruptive technologies and globalization.

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8 0
1 year ago
Firm M's earnings and stock price tend to move up and down with other firms in the S&amp;P 500, while Firm W's earnings and stoc
sweet-ann [11.9K]

Answer:

The answer is letter C.

Explanation:

The correct statement is If M and W merge, then the merged firm MW should have a WACC that is a simple average of M's and W's WACCs.

3 0
3 years ago
What is the relationship between insurance and successful financial management? 1. Why is insurance important? 2. Consider your
tatiyna

Answer:

insurance is important in that it helps you indemnity the losses occured after the risk occurrence

Explanation:

insurance ensures that you are covered from all period and hazards

6 0
3 years ago
On December 31, the Accounts Receivable ending balance is $80,000. Assume that the unadjusted balance of Allowance for Uncollect
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Answer:

$6,100

Explanation:

Calculation to determine what The amount of bad debt expense recorded on December 31 will be:

Using this formula

Bad debt expense=(Estimated % of accounts receivable*Accounts Receivable ending +balance)+Unadjusted balance of Allowance for Uncollectible Accounts

Let plug in the formula

Bad debt expense=(7%*$80,000)+$500

Bad debt expense=$5,600+$500

Bad debt expense=$6,100

Therefore The amount of bad debt expense recorded on December 31 will be:$6,100

7 0
2 years ago
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