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Mrrafil [7]
3 years ago
11

“For deposit only” is what type of endorsement check?

Business
2 answers:
MrRissso [65]3 years ago
8 0
If you write "for deposit only" on the back of a check made out to u and then sign your name , the check the check can only be desposted to your account , this is called restrictive indorsement and it should prevent you or any other person from cashing the check
Murljashka [212]3 years ago
5 0

The answer is Restrictive endorsement on (APEX)

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A commercial bank will loan you $20,000 for four years to buy a car. The loan must be repaid in 48 equal monthly payments. The a
Lisa [10]

Answer:

Monthly payment = $469.701

Explanation:

<em>Loan Amortization: A loan repayment method structured such that a series of equal periodic installments will be paid for certain number of periods to offset both the loan principal amount and the accrued interest.  </em>

The monthly equal installment is calculated as follows:  

Monthly equal installment= Loan amount/Monthly annuity factor  

Loan amount = 20,000

Monthly annuity factor  =

=( 1-(1+r)^(-n))/r  

r- Monthly interest rate (r)  

= 6/12= 0.5%  

n- Number of months ( n) = 20 × 4 = 48

Annuity factor  

= ( 1- (1.005)^(-48)/0.005= 42.5803

Monthly installment= 20,000 /42.5803  = $469.701

Monthly installment = $469.701

Monthly payment = $469.701

8 0
3 years ago
Peak performance sporting goods company has reported net income after taxes = $3,750,000, with 18,250,000 shares outstanding. ba
LiRa [457]
<span>The basic earning per a share can be calculated by dividing the net income after taxes by the number of shares outstanding. Thus we have that the basic earning per share is 3,750,000/18,250,000 = .20547 dollars per share. The basic earning per share for peak performance is .205 dollars per share.</span>
7 0
3 years ago
What statement about minimum payments is incorrect
Oksana_A [137]

"If you send in the minimum payment, you will be charged a late fee."

This is an INCORRECT statement, because  you will not be charged a late fee just for making the minimum payment. Minimum payments are not a good idea because you will be charged interest on the remaining amount and will have a harder time paying off the balance, but you will not be charged a late fee.

3 0
3 years ago
MC Qu. 151 Using the information below for... Using the information below for Sundar Company; determine the total manufacturing
Sphinxa [80]

Answer:

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Explanation:

Given that,

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Manufacturing Cost = $20,500 + 26,000 + 47,600

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5 0
3 years ago
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labwork [276]

Answer:

<u>False</u>

Explanation:

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The cost savings of the web sprangs from digital media which is a form of mass media.

Therefore, a company using the Web to communicate with potential customers  is achieving cost savings through a form of mass media called the <em>digital media.</em>

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5 0
3 years ago
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