record the adjustment for interest due for one month's worth of interest
Interest=( 2400×5/100)×1/12
= $10
In finance and economics, hobby is a price from a borrower or deposit-taking economic group to a lender or depositor of an amount above reimbursement of the major sum (that is, the quantity borrowed), at a specific price. It is awesome from a charge that the borrower may additionally pay the lender or some 1/3 party. It's also distinct from a dividend that is paid by a business enterprise to its shareholders (proprietors) from its earnings or reserve, however not at a specific fee decided in advance, rather on a seasoned-rata foundation as a percentage inside the praise gained by using threat-taking entrepreneurs while the revenue earned exceeds the overall expenses. For example, a consumer could normally pay interest to borrow from a financial institution, so they pay the financial institution an amount that is more than the amount they borrowed, or a customer can also earn hobby on their savings, and so they'll withdraw extra than they firstly deposited. In the case of savings, the patron is the lender, and the bank plays the position of the borrower.
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Answer:
Idea generation
Explanation:
Idea generation -
It is the method for searching new methodology or technique to the solution to any previous idea .
It is the main and the most primary focus during the phase of the creative process .
Analyzing the market , interpreting the competitions and asking the customers , all falls in this stage .
Hence , the stage which is asked by the question data is the stage of Idea generation .
In a financial service transaction, it is required the customer provides a valid form of photo identification (true), it is not possible to proceed without an identification (false), and the real physical address of the customer is required (true).
A financial service transaction is a service that allows customers to send money or receive money. This service has become quite popular in the last years, and many banks around the world offer it.
Moreover, there are specific rules and protocols for financial transactions as identity theft and fraud are possible. These rules include:
- Asking customers for a valid form of photo identification such as showing their ID to prove the identity of the customer
- Asking the customer for his ID and refusing to continue with the transaction if the ID is not shown or the customer refuses to give necessary information to validate his/her identity
- Asking for the physical address of the customer and not accepting a general address or a post office box address
Based on this, the first statement is true, the second one is false and the third one is true.
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