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Juliette [100K]
3 years ago
13

using the T-accounts of the first national bank and the second national bank, describe what happens when Jane Brown writes a che

ck for $55 on her account

Business
1 answer:
zhuklara [117]3 years ago
7 0

Answer:

Please refer to the attached.

Before Jane Brown wrote the check, her account was $55 at First National Bank which is reflected by the checkable deposit of $55 which the bank will keep in reserve as an asset.

Joe Green has not received the money so his account at Second National will show $0 balances.

After the cheque has been written and deposited, Jane Brown's chekcable deposits at First national will become $0 as well as the reserves.

Joe Green on the other hand, having gained the $55 and deposited it will see his checkable deposits rise to $55 which the bank will keep in reserve as an asset.

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You are training a new employee at a credit card company on how to reply to customers when their credit application has been den
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Answer:

How to avoid disclosures that could cause a lawsuit , How to use language that doesn’t cause hard feelings

Explanation:

While training a new employee at a credit card company on how to reply to customers when their credit application has been denied, following points should be covered in the training :

How to avoid disclosures that could cause a lawsuit , How to use language that doesn’t cause hard feelings

5 0
3 years ago
Assume the real rate of return is 2.97% and the inflation rate is 2.20%. Find the nominal rate of return using the exact formula
Lunna [17]

Answer:

Nominal rate of return= 0.0517 = 5.17%

Explanation:

Giving the following information:

Real rate of return= 2.97%

Inflation rate= 2.20%

<u>To calculate the nominal rate of return, we need to use the following formula:</u>

Real rate of return= nominal rate of return - inflation rate

Nominal rate of return= Real rate of return +  inflation rate

Nominal rate of return= 0.0297 + 0.022

Nominal rate of return= 0.0517 = 5.17%

4 0
2 years ago
What is an example of a long term liability?
sergij07 [2.7K]
Prporety it is the long-term
6 0
3 years ago
Read 2 more answers
Which of the following statements about the importance of each competitive factors (but especially such highly influential facto
Luda [366]

Question Completion:

O Tiny cross-company differences on a highly influential competitive factor (like selling prices, or S/Q ratings or models/styles) nearly always have a bigger impact on company sales/market shares in a region than do large company-to-company differences on less influential competitive factors.

O While it is true that some competitive factors affect the brand choices of buyers more than others, what matters most in determining sales and market shares is competitive effort and the regional average on each competitive factor

O How much differences in the number of models/styles that companies have in their product lines matter in determining each company's unit sales/market share in a region is not a fixed amount but rather is an amount that varies from *big (when model/style differences are also "big") to "small  

O In the rare instance that all companies in a region should happen to offer buyers the very same number of differences are "small") to "zero" (when the models/styles offered by rivals are identical). models/styles, then models/styles become a total competitive non-factor and have zero impact on buyer appeal for one brand versus another-in such cases, 100% of the regional sales and market share differences among company rivals stem directly from differences on the other 12 competitive factors.

O Big company-to-company differences in the number of models/styles offered to buyers in a region weigh heavily in accounting for company-to-company differences in branded pairs sold and market share in all four geographic regions.

Answer:

The statements about the importance of each competitive factors (but especially such highly influential factors as selling prices, S/Q ratings, and number of models/styles offered) in determining company sales volumes and market shares in a particular geographic region which is false is:

O Tiny cross-company differences on a highly influential competitive factor (like selling prices, or S/Q ratings or models/styles) nearly always have a bigger impact on company sales/market shares in a region than do large company-to-company differences on less influential competitive factors.

Explanation:

This implies that the following factors drive company sales volumes and market shares in a particular geographic region: competitive effort, differences in the number of models/styles that companies have in their product lines, big company-to-company differences in the number of models/styles offered to buyers in a region, among the other 12 competitive factors.

4 0
3 years ago
Barry’s Steroids Company has $1,000 par value bonds outstanding at 13 percent interest. The bonds will mature in 30 years. If th
labwork [276]

Answer:

Total Present Value is ($1130.194 + $43.7) =   $1173.894

Explanation:

11 percent yield to maturity

TO CALCULATE: Present Value of Interest Payments

PV_A = A × PVIFA (n = 30, i = 11%)               Appendix D

 where A  =  13% of 1000 = 130

from PVIFA table , for n = 30 and i = 11%, PVIFA value is 8.6938

PV_A = $130 × 8.6938 = $1130.194

TO CALCULATE : Present Value of Principal Payment

PV = FV × PVIF (n = 30, i = 11%)          

from PVIF table , for n = 30 and i = 11%, PVIF value is 0.0437

PV = $1,000 × 0.0437 = $43.7

From above calculation we have following conclusion

Present Value of Interest Payments is  $1130.194

Present Value of Principal Payment is   $43.7

therefore Total Present Value is ($1130.194 + $43.7) =   $1173.894

6 0
3 years ago
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