Answer:
The answer is A.
Explanation:
Bank deposits from customers create both a liability and an asset for the bank.
1. As a liability: The deposit is the customer's money. The bank is keeping the money for the customer. The customer can withdraw the fund any time.
2. As an asset: The money deposited by the customer can be used by the bank to generate revenue pending when the customer withdraws the money. The money not yet withdrawn by customers is still in the possession of the bank and the bank controls it.
The possibility of the endless cyclical preference is eliminated by the property of: <span>Transitivity
the property of transitivity follow this exact equation
If a=b ; and b=c ; therefore a=c
This very nature of preference is a core principle of human's opinion, which influence us in making our own choices/</span>
Answer:
Explanation:
1. JH Green, Corporate Personnel Officer - Discretionary cost center
2. Kalya Borodina, Sales Manager, Peru - Revenue center
3. Jay Smith, Chief Executive Office - Investment center
4. Andres Goya, Vice-President, South America - Profit center
5. Irene Chan, Mexico City Plant Manager - Cost center
Answer:
23.68%
Explanation:
The computation of the cost of not taking a cash discount is shown below:-
Cost of not taking a cash discount = [Discount percentage ÷ (100% - Disc.%)] × (360 ÷ (Final due date - Discount period))
= (2% ÷ 98%) × (360 ÷ (50 - 19))
= 2.04% × 11.61
= 23.68%
Therefore for computing the cost of not taking a cash discount we simply applied the above formula.
