The maximum change over time in loans in the banking system as $900 (= $90 × 10).
A Demand Deposit is what?A demand deposit account (DDA) is a bank account that allows for the immediate, unrestricted withdrawal of funds that have been deposited. Although they are not obligated to, DDA accounts can pay interest on the deposited money. DDAs commonly come in the form of checking and savings accounts.
What makes demand deposits crucial?Demand deposits are sums deposited in DDAs (Demand Deposit Accounts), which allow account holders to withdraw funds whenever they need to. In addition, the interest rates that banks give on DDA deposits are notably lower.
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BI represents a bold new paradigm in which the company's business strategy must be aligned to its business intelligence analysis initiatives. Group of answer choices True False
The answer is, False.
A collection of tools (technology, applications, etc.) known as business intelligence (BI) is used to enable better business decisions. BI is a tool for achieving goals, not a goal in and of itself.BI is a crucial tool since technology is advancing quickly and steadily.For instance, it took Walmart several decades to overtake Sears as the leading retailer in the United States, but Amazon did so in only a few short years. Our world has radically transformed as a result of new technology, and no organization can afford to fall behind.What do you mean by business intelligence?Business intelligence (BI) is a technology-driven method for data analysis and information delivery that aids managers, employees, and executives in making wise business decisions.What is business intelligence give examples?BI encourages the use of historical data to promote fact-based decision making as opposed to assumptions and intuition. Data analysis is carried out by BI tools, which also produce reports, summaries, dashboards, maps, graphs, and charts to give users a thorough understanding of the nature of the business.Learn more about business intelligence here:
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Consider the following work breakdown structure: Create a PERT Chart What is the Critical Path?
Critical Path: The critical path is the longest task sequence of a project. PERT charts are used to determine the critical path of a project to estimate its duration
What is the Critical Path?
WBS resolves the project into actionable steps and manageable sections. Start with the earliest task, and determine which following activities cannot be completed until this task is finished. The longest, more time-consuming task is the next step in the critical pathCritical Path Analysis formally identifies tasks which must be completed on time for the whole project to be completed on time. It also identifies which tasks can be delayed if resources need to be reallocated to catch up on missed or overrunning tasks.Calculating Critical Path is a simple 4-step process.Step 1: Find Activities. Activities for this project are as below (output from Define Activities process) – ...Step 2: Build Schedule Network Diagram. ...Step 3: Find all Possible Paths. ...Step 4: Calculate Duration for Each Path.To learn more about PERT chart refers to:
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Creating or acquiring companies that share similar products, manufacturing, marketing, technology, or cultures is a common practice in business.
Similar products: Companies often acquire or merge with other companies that have similar products in order to expand their market share or diversify their product offerings. For example, a company that produces smartphones might acquire another company that also produces smartphones but has a different target market or distribution network.
Manufacturing: Companies may choose to acquire or create new companies that share manufacturing capabilities in order to streamline operations and reduce costs. This could involve acquiring a company that has advanced manufacturing technology or expertise in a specific area. Marketing: Companies may acquire or merge with other companies that have similar marketing strategies or target similar customer segments.
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there is only one explanation for why economists give conflicting advice on policy issues, and it is that they have different scientific judgments about the validity of alternative theories. State of True or False.1. True 2. False
False . They differ in their assessments of the scientific merit of competing hypotheses. There is only conceivable explanation for the inconsistent recommendations that economics makes regarding public policy.
What function does economics serve in business?Every company organization needs a business economist to perform three crucial tasks: demand estimation and forecasting, capital management, and profit management.
What is economics in plain English?Economics is the analysis of scarcity and how it affects how resources are used, how commodities and services are produced, how production and welfare increase over time, and a wide range of other complicated concerns that are extremely important to society.
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What is your major(potential) in college?
the state of texas has one of the highest sales tax rates in the nation at 6.25 percent. this – tax can have another – added to it to help fund county and local governments.
With a 6.25 percent sales tax, Texas has one of the highest rates in the country. To assist finance county and municipal governments, an additional 2 percent can be applied to this regressive tax.
what is a regressive tax?
A tax is said to be regressive if it is levied in a way that the tax rate drops as the amount subject to taxation rises. When describing a distributional impact on income or spending, the term "regressive" refers to the rate's progression from high to low, causing the average tax rate to be higher than the marginal tax rate. An inverse connection exists between the tax rate and the taxpayer's capacity to pay, as indicated by assets, consumption, or income, which results in a higher burden (compared to resources) being placed on the poor than the affluent.
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Prepare journal entries for each of the following transactions. In addition, identify the fund in which each entry would be recorded. 1. The General Fund made its annual contribution of $1,500,000 to the fund that will pay $1,000,000 principal and $500,000 interest on outstanding general obligation debt. 2. The city paid $1,000,000 of principal and $500,000 of interest on outstanding general obligation bonds from resources previously accumulated. 3. A Debt Service Fund previously retired the total principal and the interest in full on an outstanding bond issue. Currently the fund carries a balance of $300,000. These resources can be spent by the General Fund in any way the city manager considers appropriate. 4. The Police Department paid $300,000 for equipment. This equipment was ordered 3 months prior to delivery at an estimated cost of $295,000 (assume a voucher system is used and the excess expenditure is approved and paid). 5. The fiscal agent for the city was paid its $10,000 fee from resources accumulated in the only Debt Service Fund used by the city
Debit: Expenditure - Principal ($1,000,000)
Debit: Expenditure - Interest ($500,000)
Credit: Other Financing Source - Contribution from General Fund ($1,500,000)
Fund: Debt Service Fund
Journal Entry:Debit: Expenditure - Principal ($1,000,000)
Debit: Expenditure - Interest ($500,000)
Credit: Cash ($1,500,000)
Fund: Debt Service Fund
Journal Entry:Debit: Fund Balance - Unreserved, Designated ($300,000)
Credit: Fund Balance - Restricted ($300,000)
Fund: Debt Service Fund
Journal Entry:Debit: Expenditure - Equipment ($300,000)
Credit: Vouchers Payable ($300,000)
Fund: General Fund
Journal Entry:Debit: Expenditure - Fiscal Agent Fee ($10,000)
Credit: Cash ($10,000)
Fund: Debt Service Fund
Note: The specific names of the funds may vary based on the organization's accounting system and terminology used. These entries provide a general illustration of the transaction and the fund in which it would typically be recorded.
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Which of the following best describes a stock.
A) An incredibly stable investment that is always a safe investment
B) Is insured by the FDIC
C) Represents a share of ownership of a corporation
D) Only sold in the United States
Answer: C
Explanation: A stock represents a share of ownership of a corporation. Stocks are bought by people so they can get money. If the company's stock they by it from goes well, they get money as well as interest. The answer is C. Hope this helps!
if you were asked to choose a profession between an agricultural expert and a veterinary doctor which one will you choose give your opinion to support your choice.
Answer:
I would choose veterinary doctor
Explanation:
I'm very good with animals, and I'd get to help an animal owner before the animals problem gets too big and can't be fixed so the owner can have a happy and healthy animal.
Education-based selling is often used by retailers and online companies who post blog content on the internet.
True
False
The statement "education-based selling is often used by retailers and online companies who post blog content on the internet". is false
Education-Based Selling is the process of educating your prospects in order to make them better and more informed customers. By investing time and energy in making your customers smarter, you build trust and increase their interest in your offer.
Therefore, False, it is not only used by retailers and online companies.
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Refer to the following table First Event Second Event A1 A2 A3 Total B1 2 9 13 24
B2 10 12 10 32 Total 12.21 23 56 a. Determine PIB).(Round your answer to 2 decimal places.) P(B2)_______ b. Determine P(A3| B2) (Round your answer to 2 decimal places.) P(A3IB2) ______
c. Determine PlA1 and B2). (Round your answer to 2 decimal places.) P(A1 and B2)______
The probability of events in terms of the answers are: a. P(B2) = 0.32, b. P(A3|B2) = 0.31, c. P(A1 and B2) = 0.02.
a. To determine P(B2), we need to sum the values in the row corresponding to B2 and divide it by the total. In this case, P(B2) = 32 / 100 = 0.32.
b. To determine P(A3|B2), we need to find the probability of A3 occurring given that B2 has occurred. This is calculated by dividing the value in the cell A3 ∩ B2 by the total value in the column B2. In this case, P(A3|B2) = 10 / 32 = 0.31.
c. To determine P(A1 and B2), we need to find the probability of both A1 and B2 occurring simultaneously. This is calculated by dividing the value in the cell A1 ∩ B2 by the total. In this case, P(A1 and B2) = 2 / 100 = 0.02.
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1. The preferred stock of a company pays a quarterly dividend of $3 forever. What is the present value of all dividends? (Assume the discount rate is 3% per quarter.)
2.Suppose a corporate bond that makes semiannual payments has 5 years to maturity. The coupon rate of this bond is 6%, and the yield to maturity is 8%. The bond’s par value is $1,000. What is the bond’s price?
3.You expect to receive three cash flows: $3,000 paid after 2 years, $6,000 paid after 4 years, and $8,000 paid after 6 years. The annual interest rate is 5%. What is the present value of the combined cash flows?
1. The present value of the preferred stock:Dividend = 3 per quarter,Discount rate = 3% per quarter,Present value of an annuity can be calculated using the formula below:PV = (C / r)(1 - (1 / (1 + r)ⁿ))
Where,PV = present value of an annuity,C = cash flow (payment) per period,r = discount rate,n = number of periods
For quarterly payments, n = 4, so we have:PV = (3 / 0.03)(1 - (1 / (1 + 0.03)¹⁶))
PV = 75(1 - (1 / 1.605))
PV = 75(0.3772)
PV = 28.29
The present value of the preferred stock's dividends is 28.29.
2. The price of the bond can be calculated as follows:Par value of the bond = 1,000,Coupon rate = 6%,Yield to maturity = 8%,Maturity = 5 years.The bond makes semiannual payments, so the number of periods is n = 2 x 5 = 10 years.
We use the formula below to calculate the price of the bond:P = C * (1 - 1 / (1 + r)ⁿ) / r + FV / (1 + r)ⁿ
Where,P = price of the bond,C = coupon payment per period,FV = face value or par value of the bond,r = periodic discount rate (yield to maturity / 2) = 0.04,n = number of periods (10)
substitute the values into the formula:P = 30 * (1 - 1 / (1 + 0.08 / 2)¹⁰) / (0.08 / 2) + $1,000 / (1 + 0.08 / 2)¹⁰
P = 30 * (1 - 1 / 1.46933) / 0.04 + 1,000 / 1.46933⁵
P = 30 * 0.3186 / 0.04 + 1,000 / 1.73596
P = 238.95 + $577.68
P = 816.63
Therefore, the price of the bond is 816.63.
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What is the interest owed on a loan of $100 at 10% for 3 months?
Answer:
$2.50
Explanation:
The information is somewhat incomplete. It does not state whether simple or compound interest which could make a difference
I am assuming simple interest
The formula for simple interest is
I = Prt
where I is interest
P is amount of loan
r is annual rate of interest expressed as a decimal
t = number of years
We are given
P = $100
r = 10$ = 10/100 = 0.10
t = 3 months = 3/12 year = 1/4 th of a year
I = 100 x 0.10 x 1/4 = $2.50
the purpose of _____ is to generate many ideas as the first step of the new product development.
The purpose of ideation is to generate a large number of ideas as the first step in the new product development process.
Why is it important?This is an important stage in which teams brainstorm and develop ideas that can potentially become successful products.
The ideation stage encourages creativity, critical thinking and problem-solving, and is typically done in a group setting to generate a wide range of ideas from different perspectives. By generating a diverse set of ideas, companies can evaluate which ones are worth pursuing further.
Through ideation, companies can increase their chances of creating innovative products that meet customer needs and stand out in the marketplace.
Hence, the answer is ideation.
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a company's board of directors votes to declare a cash dividend of $1.60 per share of common stock. the company has 32,000 shares authorized, 27,000 issued, and 26,500 shares outstanding. the total amount of the cash dividend is:
the company has 32,000 shares authorized, 27,000 issued, and 26,500 shares outstanding. the total amount of the cash dividend is $42,400 $1.60 × 26,500 shares outstanding = $42,400.
A dividend is a distribution of profits via a corporation to its shareholders. when an agency earns a profit or surplus, it could pay a share of the income as a dividend to shareholders. Any amount now not distributed is taken to be re-invested in the business (called retained profits). The modern-day 12 months' income in addition to the retained income of preceding years is available for distribution; a business enterprise is usually prohibited from paying a dividend out of its capital. Distribution to shareholders may be in cash (typically a deposit right into a bank account) or, if the company has a dividend reinvestment plan, the amount may be paid by the issue of similar shares or by using percentage repurchase. In some instances, the distribution may be of assets.
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Rufus Inc. and Hardy Company are negotiating a nontaxable exchange of business properties. Rufus’s property has a $50,000 tax basis and a $77,500 FMV. Hardy’s property has a $60,000 tax basis and a $90,000 FMV. Which party to the exchange must pay boot to make the exchange work? How much boot must be paid?
Rufus Inc. must pay boot of $12,500.
Which party in the nontaxable exchange of business properties between Rufus Inc. and Hardy Company must pay boot, and what is the amount of boot to be paid?
In a nontaxable exchange of business properties, boot may need to be paid to equalize the values of the properties being exchanged. In this scenario, the party that needs to pay boot would be Rufus Inc., as their property has a lower fair market value (FMV) compared to Hardy Company's property.
To calculate the amount of boot that needs to be paid, the difference in FMV between the properties is considered. In this case, Rufus Inc.'s property has an FMV of $77,500, while Hardy Company's property has an FMV of $90,000. The difference is $12,500.
Therefore, Rufus Inc. must pay boot of $12,500 to make the exchange work and equalize the values of the properties.
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Describe two things you can do to make sure you are using another person's work fairly.
Answer:
cite the source and describe how you obtained it
what is the definition of nationalisation and privatisation?
Answer: definition of nationalisation is transferring a company from private to government and the definition of privatization is transferring a company from public to private ownership.
Explanation: privatisation and nationalisation both are opposite from each other nationalisation is converting private companies or firms in public and in other hand privatisation is converting public companies into government.
Regarding the "Investment Portfolio Selection problem" from lecture 6, in which Jessica Todd has identified four stocks that she wanted to include in her investment portfolio. Initially she was seeking to obtain a total annual return (total portfolio return) of at least 0.11, but she changed her mind and now she is looking for a total annual return of at least 0.05. Considering this new scenario, her total portfolio return will be ____
Please choose one of the options below that best fit the empty space above. a. 0.6 b. 0.65 c. 0.7 d. 0.75 e. None of the above
To solve this problem, we need to use the concept of portfolio optimization. Portfolio optimization is the process of selecting the best portfolio of assets that maximizes the expected return for a given level of risk or minimizes the risk for a given level of return. Option is e.
In this case, Jessica Todd has already identified four stocks that she wants to include in her portfolio, so the problem is to determine how much of each stock to include in the portfolio.Initially, Jessica was seeking to obtain a total annual return of at least 0.11, but she changed her mind and is now looking for a total annual return of at least 0.05. This means that she is now willing to accept a lower return on her portfolio than before.
To calculate the total portfolio return, we need to use the weights of each stock in the portfolio and their respective expected returns. Assuming that the weights of the four stocks in Jessica's portfolio remain the same, we can calculate the total portfolio return using the following formula:Total Portfolio Return = Weight of Stock 1 * Expected Return of Stock 1 + Weight of Stock 2 * Expected Return of Stock 2 + Weight of Stock 3 * Expected Return of Stock 3 + Weight of Stock 4 * Expected Return of Stock 4
Using the data provided in lecture 6, we can calculate the total portfolio return for Jessica's portfolio as follows:
Total Portfolio Return = 0.25 * 0.2 + 0.25 * 0.15 + 0.25 * 0.1 + 0.25 * 0.05
Total Portfolio Return = 0.125 or 12.5%. Therefore, the answer is none of the above as none of the options provided match the calculated total portfolio return. Option is e.
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e. None of the above
As a bot, I don't have access to the specific lecture or the data about the four stocks Jessica Todd selected. However, the total portfolio return can be calculated if we know the weights and individual returns of each stock. Since this information is not provided, I can't accurately choose one of the options.
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you want to invest $8,100 annually beginning now in order to accumulate $39,600 for a down payment on a house. if you can invest at an interest rate of 9% compounded annually, about how many years will it take to accumulate the required amount?
It will take approximately 7 years to accumulate $39,600 for a down payment on a house by investing $8,100 annually at an interest rate of 9% compounded annually.
To find the number of years needed to accumulate the required amount, we can use the formula for compound interest: A = P(1 + r/n)^(nt), where A is the future value, P is the principal (annual investment), r is the interest rate, n is the number of times the interest is compounded per year, and t is the number of years.
Given:
P = $8,100
A = $39,600
r = 9% (converted to decimal, 0.09)
n = 1 (compounded annually)
Substituting these values into the formula, we get:
$39,600 = $8,100(1 + 0.09/1)^(1*t)
Simplifying:
4.88889 = (1.09)^t
Taking the logarithm of both sides:
\(log(4.88889) = log((1.09)^t)\)
Using logarithmic properties, we can bring down the exponent:
\(log(4.88889) = t * log(1.09)\)
Solving for t:
\(t = log(4.88889) / log(1.09)\)
Using a calculator, we find:
\(t ≈ 7\)
Therefore, it will take approximately 7 years to accumulate $39,600 for a down payment on a house.
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How much profit was generated by the sales of gold label and black label combined
The total profit from the sales of the black sale and gold label is $5750.
The data for the gold label and black label is included in the table.
You can compute the gold label's profit as,
Profit from gold label = number of bottles sold × average profit
Given that 1000 bottles of the gold label with an average profit per bottle is $2.75 have been sold.
Now, determine the profit generated by bottles with gold labels as,
Profit from gold label = 1000 × $2.75
= $2,750
Black Label's profit can be computed as follows:
Profit from black label = number of bottles sold × average profit
It is assumed that 2000 bottles of black label, with an average profit of $1.50 per bottle, have been sold.
Calculating the profit generated by bottles with black labels as follows:
Profit from gold label = 2000 × $1.50
= $3,000
Next, calculate the combined revenue from sales of the gold label and black label as follows:
Combined profit = Gold label profit + Black label profit
= $2,750 +$3,000
= $5,750
Hence, $5,750 is the correct answer.
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Consumer awareness and consumer education are important considerations for many organizations that don’t sell products or services. A. True B. False
The statement that Consumer awareness and consumer education are important considerations for many organizations that don’t sell products or services is true.
What is Consumer awareness?Consumer awareness can be seen as the way that is been used in showing that the buyer or purchaser is aware of the details and information regarding goods, services, administrations, and buyer rights.
In order to raise consumer awareness of the product it should be noted that the corporation is mainly focused on marketing the product.
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What is the percentage of Internet searches conducted via mobile phones?
89%
77%
over 50%
under 40%
Answer:
Over 50%
Explanation:
Globally, 68.1% of all website visits in 2020 came from mobile devices—an increase from 63.3% in 2019
5. The source document for all cash payments is a sales invoice. (P. 60)
true or false
Answer:
false
Explanation:
A sales invoice is an accounting document addressed to a client informing them of the amount they should pay for the goods or services provided. It details the services or products provided, the date, name of the client, the amount due, among other details. The invoice does not keep information on cash payments.
The check is the document that contains information on cash payments. The checkbook will retain details of all payments, such as amount, payee, and payment date. This data is useful in cash reconciliations.
The source document for all cash payments is a sales invoice. Thus, the given statement is false.
The source document for all cash payments is not a sales invoice. A sales invoice is typically generated when a company makes a sale to a customer, documenting the details of the transaction and serving as a request for payment. However, when it comes to cash payments, the source document is usually a receipt or cash voucher.
A receipt is issued to the payer as proof of payment received, providing information such as the date, amount, payment method, and details of the transaction. Cash vouchers, on the other hand, are internal documents used within a company to track and record cash payments made.
Thus, the given statement is false.
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In case you have borrowed $200,000, agreeing to pay the balance in 25 equal annual installments at 6% annual interest compounded monthly. Determine the portion of the principle for the 21 st payment. $4,102.71
$36.61
$11.784.59
$139.79
The portion of the principal for the 21st payment, when borrowing $200,000 with 25 equal annual installments at 6% annual interest compounded monthly, is approximately $4,102.71.
To determine the portion of the principal for a specific payment, we need to calculate the amortization schedule. In this case, we have borrowed $200,000 with 25 equal annual installments at 6% annual interest compounded monthly.
Using the formula for calculating the loan payment amount in an amortization schedule, we can find the equal installment amount. After calculating the equal installment, we can determine the portion of the principal for the 21st payment.
Using financial formulas or loan calculators, the equal installment amount for this loan is approximately $15,536.68. In the 21st payment, the portion of the principal can be calculated by subtracting the interest from the equal installment amount.
By applying the appropriate formula for calculating the interest component in each payment, the interest portion for the 21st payment is approximately $11,433.97. Subtracting this interest amount from the equal installment gives us the principal portion for the 21st payment, which is approximately $4,102.71.Therefore, the portion of the principal for the 21st payment is approximately $4,102.71.
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an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
___ is the intrinsic value of six put contracts on TTE stock with a strike price of $35 if the stock is selling for $42 a share. $35 $0 $42 $4,200 $3,500
The intrinsic value of six put contracts on TTE stock with a strike price of $35 if the stock is selling for $42 a share is option B) $0.
The intrinsic value is defined as the value of an option that could be exercised right now. If the option is an American option, the intrinsic value may be calculated whenever it is exercised before expiry. It may only be computed at expiration if it is a European option. The intrinsic value of a put option is the difference between the strike price and the current stock price.
The current market price of the underlying asset determines the intrinsic value of an option. If a put option has a higher strike price than the market price of the underlying asset, it is in the money (ITM). If the market price is above the strike price, the put option is out of the money (OTM).
In this scenario, the intrinsic value of the option is zero because the strike price is less than the stock's current market value. The reason behind this is that the option's intrinsic value would be the amount by which the market value of the underlying stock exceeds the strike price of the option, and this would be unfavorable for the holder of the option since the option is a put option. As a result, the intrinsic value of the option would be $0.
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If a business is using factors of production 100% efficiently, the plot will be on the curve. However, most business efficiency falls inside the
curve. Why is this?
A. They are not making efficient use of their factors
of production.
B. They are making over 100% efficient use of their
factors of production.
C. They are making inequitable use of their factors
of production.
Answer: A. They are not making efficient use of their factors of production.
Explanation:
Production Possibilities Curve helps in capturing opportunity cost and scarcity when an economy produces two goods or services.
It should be noted that the points on the interior of the PPC simply means that the economy is inefficient. The points on the PPC implies that the economy is efficient, while the points beyond the PPC simoky means that they are unattainable.
Based on the question, the production points inside the curve simply implies that the economy isn't producing at its comparative advantage, and therefore, they are not making efficient use of their factors of production.
which of these would be considered a bank liability? i. $5,000 in cash reserves held in the bank's vault ii. $15,000 loan made to a customer to finance a new car iii. $20,000 deposit made by a customer into her savings account group of answer choices i only iii only ii only ii and iii
The option that will be considered a bank liability is $20,000 deposit made by a customer into her savings account.
Therefore, option B (iii only) is the correct answer.
What is Bank Liability?A debt or financial responsibility of the bank is referred to as a "bank liability," such as interest due to other banks and other debts payable. You can categorize assets and liabilities as current or noncurrent. It is anticipated that present assets will add value in the near future.
Therefore, whenever a customer deposits money in a bank, the bank becomes accountable to that consumer since bank liabilities are the debts that a bank incurs and what a bank owes.
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nicole is learning to fly an army helicopter. she is drawing mainly on her skills. group of answer choices technical operational organizational conceptual human
Nicole is learning to fly an Army helicopter. She is drawing mainly on her technical skills.
Option a is correct .
People skills - the ability to communicate and work with others. In other words, interpersonal skills. Technical skills – skills or hard skills needed to do the job.
Management skills can be defined as certain qualities or skills that a manager must have to perform certain tasks in an organization. They include the ability to perform management tasks in the organization, avoiding crisis situations and solving problems quickly when they arise.
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The correct question is :
Nicole is learning to fly an Army helicopter. She is drawing mainly on her ____ skills.
(A) technical
(B) conceptual
(C) human
(D) organizational
(E) operational