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2 years ago

Which 2 statements regarding Bank Feed best practice workflows are correct?

Business

1 answer:

iogann1982 [59]2 years ago

8 0

Answer: • You should complete Match transactions first, then move on to Add transactions.

• You should match downloaded Bank Feed transactions to Invoice Payments, Sales Receipts, Deposits, or open invoices.

Explanation:

The statements regarding Bank Feed best practice workflows involves the matching of transaction first, after which the transactions can then be added.

Also, one should ensure that the Bank Feed transactions that are downloaded should be matched to to their respective book of account such as deposits, Invoice, Sales Receipts, etc.

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Al files for bankruptcy. Al has been making loan payments to his company's credit union through payroll deductions. After being

kramer

Answer:

A. Is in violation of the bankruptcy code.

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3 years ago

An investor borrows an amount at an annual effective interest rate of 5% and will repay all interest and principal in a lump sum

Ghella [55]

Answer:

d. 101

Explanation:

first we must determine the amount of the loan:

PV of face value = $1,000 / (1 + 3%)²⁰ = $553.68

PV of coupon payments = $40 x 14.877 (PV annuity factor, 3%, 20 periods) = $595.08

Loan amount = $1,148.76

Future value of the loan = $1,148.76 x (1 + 5%)¹⁰ = $1,871.21

You will receive 20 coupon payments of $40 each, which will be reinvested at 2% semiannual rate. You will also receive $1,000 corresponding to the face value of the bond.

Future value of the coupon payments = $40 x 24.297 (FV annuity factor, 2%, 20 periods)] = $971.88

Total money received at the end of the 10 year period = $971.88 + $1,000 = $1,971.88

Gain = $1,971.88 - $1,871.21 = $100.67 ≈ $101

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2 years ago

Michael worked for a textile manufacturer during the first half of the 20th century. When the supply of his company's textiles e

Alexandra [31]

Answer:

sales

Explanation:

Based on the scenario being described within the question it can be said that Michael has most likely adopted the sales orientation. This term refers to a business approach that focuses on mainly persuading individual customers to purchase the company's product as opposed to understanding the customer's needs or marketing to a larger audience.

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3 years ago

The market for corn in Brazil has a large number of sellers and there is no difference in the products sold by each seller. As t

LenaWriter [7]

Answer:

Option (b) is correct.

Explanation:

In a market condition of pure competition, there are large number of buyers and sellers of the product. The sellers in this market condition are behaving like a price taker.

If a single firm wants to increase the price of the product then as a result the demand for their product is reduced or become zero.

There are some characterstics of the firms under pure competition market condition:

(i) They are selling homogeneous products.

(ii) Price taker firms

(iii) Large no. of buyers and sellers

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3 years ago

A customer purchases 8M of City of Los Angeles 4% G.O.'s, maturing in 2038 at 95. The interest payment dates are Jan 1st and Jul

Temka [501]

Answer:

The amount customers are expected to pay $7600 per bond

Explanation:

8M implies that the municipal bond has $8000 as its par value.

The amount a customer would is 95% of the par value

Hence, customers are expected to pay $7600 (95%*$8000)

For instance a 5M at 105 means that the par value of the bond is $5000 but issued at 105%, which translates into $5250 without considering commissions as well as the accrued interest on the bond which might also be factored into the price.

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3 years ago

Read 2 more answers