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Reptile [31]
3 years ago
5

A person who wants to cash his paycheck is advised to go to his bank rather than to a check cashing store because check cashing

stores
Business
1 answer:
Marianna [84]3 years ago
3 0
<span>Often take a commission for their service. The commission could be a flat rate or a percentage of the check. Generally banks do not charge their customers to cash checks. A bank may charge a small fee to cash a check if the person is not their customer.</span>
You might be interested in
Recent financial statements of General Mills, Inc. report net sales of $12,442,000,000. Accounts receivable are $912,000,000 at
cluponka [151]

Answer:

13.34

Explanation:

In this question, we are told to compute the account receivable turnover at the end of the year.

To calculate this , we proceed using a mathematical approach;

mathematically;

Accounts receivable turnover = Net Sale / (Average accounts receivable)

From the question, we can identify that the net sale is $12,442,000,000 while the average accounts receivable which is the average of the account receivable at the start of the year and that at the beginning of the year

= $ 12442000000 / (912000000 + 953000000)/2

= $ 12442000000 / 932500000

= 13.34

3 0
3 years ago
Individuals frequently purchase products thought to be used by a desired group in order to achieve actual or symbolic membership
artcher [175]

Answer:

aspiration reference group

Explanation:

Aspiration reference group -

It refers to as one of the bifurcation of the reference group , where the person whom a person looks forward to be associated , but does not belong , is referred to as the aspiration reference group .

A reference group is the one which the individual or any specific group want to get associated .

Hence , from the given information of the question ,

The correct answer is aspiration reference group .

5 0
3 years ago
On September 30, 2018, Corso Steel acquired a patent from Thermo Steel. The agreement specified that Corso will pay Thermo $1,00
Delicious77 [7]

Answer:

$17,146

Explanation:

Given:

Acquisition cost of patent = $2,000,000. $1,000,000 is paid immediately. Remaining $1,000,000 is paid after 2 years on September 30, 2020.

We have to calculate present value of $1,000,000 @8%, 2 years. Present value factor is 0.8573.

Present value of $1,000,000 = 1,000,000×0.8573 = $857,300.

Calculation of interest expense:

Principal amount = $857,300

Rate = 0.08

Time period = \frac{3}{12}= \frac{1}{4}\

Interest expense = 857,300\times 0.08\times \frac{1}{4}

                             = $17,146

Therefore, interest expense to be recorded as on December 31, 2018 is $17,146

5 0
3 years ago
A currency trader observes the following quotes in the spot market: 1 U.S. dollar = 122 Japanese yen 1 British pound = 2.25 Swis
andrezito [222]

Answer:

88.38

Explanation:

Given;

1 U.S. dollar = 122 Japanese yen

1 British pound = 2.25 Swiss francs

1 British pound = 1.63 U.S. dollars

Therefore,

2.25 Swiss francs = 1.63 U.S. dollars

1 US. dollar = 2.25/1.63 Swiss francs

1 US dollar = 1.38 Swiss francs

since

1 U.S. dollar = 122 Japanese yen then,

1.38 Swiss francs = 122 Japanese yen

1 Swiss francs = 122/1.38 Japanese yen

1 Swiss francs  = 88.38 Japanese yen

1 Swiss franc can be used to purchase 88.38 Japanese yen.

8 0
3 years ago
Sheffield Realty Corporation purchased a tract of unimproved land for $115,500. This land was improved and subdivided into build
monitta

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Download xlsx
4 0
3 years ago
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