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3 years ago

How would an electronic transfer to someone else be recorded in your transaction register or on your mobile banking app?

Business

1 answer:

shtirl [24]3 years ago

8 0

Answer:

a completed transaction

Explanation:

This would be recorded as a completed transaction in your mobile banking app transaction history. It would display as completed when the money is deducted from your account. If you click on that transaction in the transaction history it will open it up and display the recipient's name, account number, date it was sent, and total amount including taxes and fees detailed out. This transaction information can be accessed at any time and even has a transaction ID number.

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Suppose that an economy has the per-worker production function given as:

Eva8 [605]

Answer:

What is the steady-state value of the capital-labor ratio, k?

k = 16

Explanation:

Suppose that an economy has the per-worker production function given as follows:

yt = 5kt^0.5

where y = output per worker

k = capital per worker

k = sy - (n+d)×k

0 = s(5k^0.5) - (0.10+0.15)×k

0 = 0.20(5k^0.5) - 0.25k

0.25k = k^0.5

k^0.5 = 1/0.25

k^0.5 = 4

k^1/2 = 4

Taking square of both of the sides:

(k^1/2)² = (4)²

k = 16

8 0

4 years ago

Which of the following currencies is not/are not a hard currency?* Euro O CHF RMB O CDS GBP Both b and c Both c and d

cestrela7 [59]

Examples of some of the most prominent hard currencies are listed below: The U.S. dollar (USD) The euro (EUR) ... The Australian dollar (AUD)

6 0

3 years ago

Two mutually exclusive investment opportunities require an initial investment of $10 million. Investment A pays $1.5 million per

astraxan [27]

Answer: 15%

Solving this would require finding the rate/cost of capital that gives both investments the same present value.

Investment 1

Investment 1 is a perpetuity which means that it's present value can be calculated as,

= Amount/rate

= 1,500,000/r

Investment 2

Investment 2 pays $1,200,000 in the first year and then grows at a rate of 3% every year afterwards.

The Present Value of such can be calculated with the following equation,

= Amount / ( rate/cost of capital - growth rate)

= 1,200,000 / ( r - 3%)

To find the Rate that gives both figures the same Present Value, simply equate them.

1,500,000/r = 1,200,000 / (r - 3%)

1,500,000(r - 3% ) = 1,200,000r

1,500,000r - 45,000 = 1,200,000r

300,000r = 45,000

r = 45,000/300,000

r= 0.15

r = 15%

At 15% an investor regard both opportunities as being equivalent.

3 0

3 years ago

The justification for a company initially recording prepaid rent in either an income statement or balance sheet account is that:

Levart [38]

The justification for a company initially recording prepaid rent in either an income statement or balance sheet account is that at the end of each year, the account balances are revised so that they accurately represent the current situation.

This is further explained below.

<h3>What is an income statement?</h3>

Generally, When a business first records its prepaid rent, it should do so in either an account on its income statement or one on its balance sheet.

The reason for this is because, at the end of each year, the balances of these accounts should be revised so that they more accurately reflect the situation at the moment.

In conclusion, An income statement, also known as a profit and loss account, is one of the financial statements that a business maintains.

It details the revenues and costs that the firm incurred during a certain time period. It describes the process through which the revenues are converted into the company's income or profit after taxes.