about HSBC because they unfroze my account after my ex-girlfriend made false fraud claims against me. They helped me again a few years later when I overdrew several times and they gave me 12 hours to fix the overdraft. I sorted the problems within the 12-hour limit and they didn’t charge me overdraft fees or inform credit-reporting companies. Again‚ I went online and left positive user reviews. BBVA don’t excel in any area to the point where people are inspired to go online and leave positive reviews
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Chapter 5 Notes Three general reasons for holding onto cash: 1. managing transaction needs 2. preparing for cash emergencies 3. making a temporary investment -very conservative advice suggest you should have enough liquid assets to cover 5 to 8 months of regular expenses -others suggest 2 months is more than enough Four rules to help better cash management outcomes: 1. keep track of your cash by balancing your checkbook every month 2. develop a system to ensure that
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Ex. Treasury bills‚ commercial paper and money market funds. (2). Restricted Cash Ex. Petty cash‚ payroll and dividend funds. Amount is not material‚ not segregate from cash; amount is material‚ segregate. (3). Bank Overdrafts: when a company writes a check for more than the amount in its cash account. 2 A/R: (1). Trade receivable: A/R‚ Notes Receivable. (2). Nontrade receivable: Advances to officers and employees and subsidiaries; Deposits paid to cover potential damages
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1. Personal Banking a. A/C and Deposits i. Savings account: - Star Savings accounts are accounts maintained by retail financial institutions that pay interest but cannot be used directly as money (for example‚ by writing a cheque). These accounts let customers set aside a portion of their liquid assets while earning a monetary return. BCG Matrix: STAR ii. Salary account : - Star ICICI Bank Salary Account is a benefit-rich payroll account for Employers and Employees.
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Why Do We Need Banking Regulation? Name Institution Why Do We Need Banking Regulation? People are so inured to banking directives that they fail to acknowledge the reasons as to why banking regulation is needed in businesses. However‚ there is a recognized failure in giving valid reasons as to why this should be incorporated when viewed from a layman’s point of thinking. Most of the explanations given by conformist —in that the characteristic bank lack of regularity‚ payment insurance‚ the Federal
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------------------------------------------------- SUBJECT : LAW 330: FINANCE LAW ------------------------------------------------- : TABLE OF CONTENTS PAGE Problems with e-banking 3-4 The relevant statutes and cases 5 How the current legislations adequately 6 protect the consumers References 7 QUESTION: Analyse with relevant statutes and cases the problems with electronic banking
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E6-5 (Computation of Present Value) Using the appropriate interest table‚ compute the present values of the periodic amounts‚ shown on page 344‚ due at the end of the designated periods. (a) $50‚000 receivable at the end of each period for 8 periods compounded at 12%. 50‚000* 4.9676= $248‚380 (b) $50‚000 payments to be made at the end of each period for 16 periods at 9%. 50‚000* 8.3126= $415‚630 (c) $50‚000 payable at the end of the seventh‚ eighth‚ ninth‚ and tenth periods at 12%. 50‚000*
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Where are we headed? After completing this chapter‚ you should be able to: • define the term ‘cash’ • explain the operation of a single-entry system to account for cash • list the source documents used to verify cash transactions • calculate and classify a GST balance • record transactions in cash journals‚ including GST • prepare a Statement of Receipts and Payments • record a GST settlement and a GST refund in the cash journals. CHAPTER 6 CASH ACCOUNTING FOR SERVICE BUSINESSES KEY TERMS
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Subject: Ratio Analysis of Volume Book Distributors Ltd for the Years 2010 And 2011 A. INTRODUCTION The report is based on the company Volume Book Distributors Ltd. Ratio analysis was calculated for Volume Book Distributors Ltd for both the years 2010 and 2011. The ratios comprised of profitability‚ asset utilization and financial stability ratios. The first question consists of Part A‚ which has the Ratio Calculations‚ and Part B which has the Analysis and Interpretation. B. LIMITATIONS
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Contents Executive Summary 2 Methodology 3 Introduction 4 Findings 5 A. Inventory balances and purchases transactions 5 B. Trade receivables and credit sales system 5 C. Property‚ Plant and equipment (PPE) 6 D. Trade payables transactions and balances 6 Implications 8 A. Inventory balances and purchases transactions 8 B. Trade receivables and credit sales system. 10 C. Property‚ Plant and equipment (PPE) 12 D. Trade payables transactions and balances 15 Conclusion The following conclusions
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