An organization's hope for the future is not part of culture.
Organizational culture is the combination of all attitudes, behaviors, and beliefs that contribute to how the company is run.
$2,000 bank loan out as a result of this deposit.
Banks create new money by making loans. Banknotes issued by banks are not stamped with the stamp of the federal reserve bank. It is electronic money that glows on the screen when checking the balance at an ATM. Banks can generate money through the accounts they use when making loans.
Therefore, when the bank receives additional deposits, it receives an equal amount of reserves. If you lose your deposit, you lose an equal amount of your reserve.
A deposit is a financial term that means money held in a bank. A deposit is a transaction of transferring funds to another party for safekeeping.
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Answer:
$1,200 was subject to income tax is the correct answer.
Explanation:
Answer:
5.34 months
Explanation:
Pay back period calculates how long it takes for the amount invested in a project to be recovered from the cumulative cash flows.
Payback period = amount invested / cash flows
$5000 / $ 935 = 5.34 months
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Answer:
Explanation:
The journal entry is shown below:
Cash A/c Dr $6,240
Credit card expense A/c Dr $260 ($6,500 × 4%)
To Sales A/c $6,500
(Being the deposit is recorded)
For recording the deposit, we debited the cash account, credit card expense and credited the sales account so that the proper posting can be done.