Answer: Option (D) is correct.
Explanation:
A banker's acceptance is an instrument that represents the promised payment by the bank in the future. This payment is accepted as a time draft by the bank and is to be drawn on a particular deposit. This draft is having all the information that is related to the future payment amount, date of the payment and the party to which the payment to be made. This acceptance can also be traded until the date of maturity.
Answer:
Ruben's 2001 salary in 2006 dollars is $75,000.
Explanation:
This can be calculated as follows:
Ruben's 2001 salary = $60,000
Consumer price index in 2001 = 177
Consumer price index in 2006 = 221.25
Therefore, wee have:
Ruben's 2001 salary in 2006 dollars = Ruben's 2001 salary * (Consumer price index in 2006 / Consumer price index in 2001) ............... (1)
Substituting the relevant valued into equation (1), we have:
Ruben's 2001 salary in 2006 dollars = $60,000 * (221.25 / 177) = $75,000
Therefore, Ruben's 2001 salary in 2006 dollars is $75,000. This indicates that Reuben's purchasing power increased between 2001 and 2006.
Answer: You should wait until the road is straight and completely clear of cars, obstructions, animals, etc before passing.
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Explanation:
Answer:
Both a and b.
Explanation:
In accounting an unearned fee is money a business receives from a consumer for any type of services that has still to finish in the future. Suppose that our small business collects unearned fees, like an annual membership fee, we must record the annual membership fee initially as a current liability on the balance sheet but when we complete this service, the fee becomes revenue which has been earned and lastly we record this fee on the income statement.