Insufficient funds and irregular signatures are reasons why a cheque may not be cleared in time.
<h3>What is a Cheque?</h3>
This can be defined as a written, dated, and signed instrument which directs a bank to pay a specific sum of money to the bearer.
Insufficient funds and irregular signatures may delay the clearing of cheque which is a result of human error and could lead to returning it.
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Answer: $880.57
Explanation:
Assuming Par value of bond is $1,000.
Value of bond = (Coupon * Present value interest factor of annuity, no. years, required return) + Par Value/ (1 + required return)^ no. of years
Coupon = 5% * 1,000 = $50
Value of bond = (50 * 5.9713) + 1,000 / (1 + 7%)⁸
= 298.565 + 582
= $880.57
Answer: Jackson would decrease CASH and increase EXPENSES in the accounting equation.
Explanation: Jackson would lose cash by spending his money and his Living expenses will also rise along with it.
Answer:
The number of people finding jobs equals the number of people losing jobs.
Explanation:
Unemployment rate can be defined as the percentage of unemployed workers that are present in the the labor force. The Labor force of a country comprises of both employed and unemployed individuals that are present in the country. Unemployment rate can also be described as the percentage of the total workforce of a country that is yet to be gainfully employed.
High unemployment rate poses an adverse effect on the economy, it leads to an increase in crime rate this is due to the fact that unemployed individuals have no source of income to take care of their respective families and as such have to turn to the life of crime inorder to earn money.
