In your Section_3 folder, navigate to and open the Example_Check_Register and Example_Bank_Statement, and then answer the questions below. a. According to the bank statement, how many checks were written from this account during the statement period? (0.5 points) b. There are two differences between the bank statement and the check register.
A US multinational company is required to report its financial results in US dollars. How does this create currency exchange risk for the company? What is the term which most accurately describes this particular risk? a. Currency risk- if unexpected changes in currency values affect the value of the firm 4.
Answer: Total Assets - Total Debts Key Terms: Total assets - Total debts | Topic: Question: Which of the following would not be used to create a personal balance sheet? Answer: Slide presentation software Key Terms: Balance sheets | Topic: Question: Which of the following should you store in a safe deposit box? Answer: Your will Key Terms: Wills | Topic: Question: Which of the following would be considered a transaction account? Answer: checking account Key Terms: Transaction accounts | Topic: Question: Which of the following would be considered a savings alternative? Answer: certificate of deposit Key Terms: Certificate of deposit | Topic: Question: Which of the following is considered a cash outflow on your Personal Cash Flow Statement?
(3 sentences. 1.0 points) A checking account gets you no monthly maintenance fee when you have at least one qualifying direct deposit of $250 or more monthly or maintain an average daily balance of $1,500 or more each statement cycle, Otherwise, $12 monthly maintenance fee. Unlimited teller access and optional a Regular Savings Account. d. Does this bank or credit union offer online banking? (0.5 points) Yes.
Protection risk is another, Making sure they have policies that deal directly which the risk of banking. 4. Name at least two risks banks face. (1.0 points) A bank or a bank panic and bad investments are two risks a bank faces. Lesson 2 (3.0 points) 1.
When examining the balance sheet of a typical company you would see categories such as inventory, accounts payable, or accounts receivable, in a commercial bank balance sheet under assets you would find areas like loans and investments, and under liabilities you would find categories such as deposits and borrowings. This is a large factor in which separates the final statements of commercial banks and the final statements of your everyday company. Commercial banks accept various types of deposits from their clients; they then provide those funds to borrowers such as homeowners and small businesses, in which they can receive interest on these loans. They gain profit from the difference between the rate they pay for funds and the rate that they receive from the borrowers. The goal of the bank is to create a flow of funds so from the many deposits, the bank can lend out to a wide variety of borrowers and this creates the flow of funds, which is crucial in the banking system.
How would the financial statements be useful to managers and employees? How would the financial statements be useful to investors and creditors? ACC 290 Week 1 DQ 2 What are debits and credits? How are debits and credits used to record business transactions? Why
– 133 2013 net sales / base year 2011 net sales = 800,000 / 600,000 = 1.33 1.33 x 100% = 133% 5. In analyzing financial statements, horizontal analysis is a- tool 6. Comparative balance sheets - are usually prepared for at least two years 7. Assume the following cost of goods sold data for a company: 2013 $1,500,000 2012 1,200,000 2011 1,000,000 If 2011 is the base year, what is the percentage increase in cost of goods sold from 2011 to 2013? – 50% = New - Old Old 100 8.
Is this a self-dealing transaction? If Pickens gets access to financial information, how can he set out to prove his accusations? If you were an investment banker, what accounts or data would you tell him to scrutinize. Would you suggest to change the charter of the organization of Koito? How?
HPI wants to access financial markets. What are the options available to the firm? Provide pros and cons of available options in particular, deal with: a. Debt markets. b.