Answer:
The correct answer is d. only if it is in writing.
Explanation:
The promise of sale is a contract that contains reciprocal obligations for the parties, each one must comply with what it has been forced to give or do, and if one of the parties fails to comply, it enables the other party to pursue the fulfillment of what was promised. , or to demand payment of the penal clause, compensation for damages, etc.
Answer: $29,861
Explanation:
In order to adjust the bank statement balance to the books, the following is done:
= Bank statement + Deposit in transit - Outstanding checks
= 27,861 + 3,350 - 1,350
= $29,861
Answer: c. reserves; excess reserves; increase
Explanation: The reserve ratio (cash reserve ratio) is determined by a country's central bank (Federal Reserve in this case) as an important monetary policy tool to increase or decrease the economy's money supply. As such, it is the percentage of a bank's deposits that it must keep in cash as a reserve rather than invest with or lend out.
The reserves in the banking system would remain unchanged when the Fed lowers the required reserve ratio. However, the excess reserve (funds that a bank keeps back beyond what is required by regulation) would rise that would in most instances, lead to an increase in the money supply (due to increases in new loans and checkable deposits).
Answer:
The answer is: letter c, Achieve financial goals
Explanation:
A "financial plan" is <em>meant to assist an individual in managing his/her financial needs.</em> It also tells him about his current financial situation and how he can achieve his financial goals.
This plan aids the person in achieving his goals with the help of some steps that he needs to follow. This allows him to know how much he can save and can spend, especially in the future.
Thus, this explains the answer.