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3 years ago

What does the international banking system consist of?

Business

2 answers:

iogann1982 [59]3 years ago

4 0

Answer:

The correct answer is D. The international banking system consists of a network of world economic institutions.

Explanation:

The international banking system is a group of banks, financial associations, international economic groups and financial control authorities that, representing private interests and nations and through the signing of various treaties and agreements, regulate banking and financial activity both in the public and private spheres, affecting not only the economies of the different countries but the investment and development possibilities of billions of people. In general, the largest investment banks worldwide (such as JP Morgan Chase, HSBC, Wells Fargo, etc.) and the central banks of the different nations are part of this system, which in turn has the IMF and the World Bank, among other international organizations.

zalisa [80]3 years ago

4 0

Your answer should be D

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Answer:

Option D Allowance for noncollectable Accounts.

Explanation:

The bad debt recovery recording is a two step process.

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Step 2 Now record the receipt of amount as a reduction in trade receivable and increase in cash asset.

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The only account unconsidered here was Allowance for the noncollectable account.

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4 years ago

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Violent behavior is what I could think that would be called

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4 years ago

Active trading in markets and competition among securities analysts helps ensure that: I. Security prices approach informational

Anika [276]

Answer:

The answer is: All the options are correct (I, II and III)

Explanation:

The larger the number of individuals (e.g. securities analysts, investors) who are informed about the price system of securities, the prices of securities will approach informational efficiency.

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3 years ago

A company anticipates monthly sales of $300,000 for the months of April, May, June, and July. Materials represent 50% of sales,

Vlada [557]

The company's total cash payments in May is $195,500 and this can be determined by preparing a cash budget.

<h3>What is a cash budget?</h3>

A cash budget is a company's estimation of its cash inflows and outflows over a specified period of time. A cash budget provides a company with financial insight into its cash requirements, including shortages and surpluses. The preparation of a cash budget helps the company to determine an efficient use of its available cash.

Data and Calculations:

April May June July

Anticipated sales $300,000 $300,000 $300,000 $300,000

Purchases 150,000 $150,000 150,000 150,000

Labor costs 16,000 19,000 16,000 21,000

Fixed overhead 12,000 12,000 12,000 12,000

General and admin. exp. 2,000 2,000 2,000 2,000

Interest expense 2,500

Equipment purchase 10,000

Total cash payments in May $195,500

Thus, the company's total cash payments in May is $195,500.

Learn more about cash budgets at brainly.com/question/8707644

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2 years ago