determined by supply and demand. The supply and demand of currencies depends on many factors which can be grouped as follows: * the monetary system, which places the political structure in relation to exchange rates; * economic data as the trade balance, inflation and the national product. Fundamental analysis is based on the observation and evaluation of these economic data, as has been proved in the past, has influenced exchange rates. Taking into account these correlations optimal analysis can
Words: 764 - Pages: 4
to authorized personnel. | 4. Purchasing agent approves and pays for goods purchased. | | Purchasing should approve bills for payment by the treasurer. | (Segregation of duties) | | | 5. After payment, the invoice is filed. | | The invoice should be stamped PAID. | (Documentation procedures) | | | 6. The purchasing agent records payments in cash disbursements journal. (Segregation of duties) | | Only accounting department personnel should record cash disbursements
Words: 345 - Pages: 2
cheques on the last day of each month. The July 2011 bank statement included the following information: Balance, July 1, 2011 $ 55,678 Deposits 179,500 Cheques processed (192,610) Service charges (30) NSF cheques (1,200) Monthly loan payment deducted directly by bank from account (includes $320 in interest) (3,320) Balance, July 31, 2011 $ 38,018 The company's general ledger account had a balance of $38,918 at the end of July. Deposits outstanding totalled $6,300, and all cheques written by the company
Words: 570 - Pages: 3
the month of October 2014, which showed a balance per bank of $3,900. The company's Cash account in the general ledger showed a balance of $1,506 at October 31. Other information that may be relevant in preparing a bank reconciliation for October follows: 1. The bank returned a NSF check from a customer for $51. 2. The company recorded cash receipts of $830 on October 31 but this amount does not appear on the bank statement. 3. The bank made an EFT payment of $40 on behalf of the company for their
Words: 286 - Pages: 2
Insurance $120 _____ Amount spent on groceries $3,800 _____ Income and Social Security tax paid in 2014 $18,190 _____ Two-year non-negotiable certificate of deposit $20,000 _____ Cash $60 _____ Car loan $2,900 _____ John's salary $21,750 _____ Balance due on Goody’s credit card $450 _____ Phone bills paid in 2014 $640 _____ Gas and electric bills paid in 2014 $1,990 _____ Principal amount of home loan $121,000 _____ Property taxes paid in 2014 $3,180 _____ Estimated value of home $149,500
Words: 371 - Pages: 2
bank =$2,950.00 Check# 124 payment less or didn’t return from bank = $1080 Check# 138 payment less or didn’t return from bank = $720 Transit payment = $3200 Adjusted Bank Balance = $4350 Broom showed checking account balance =$4010 Charging for check printing= $12 Charging for NSF check = $18 Withdrawal record missing by Broom =$30 Note collected for Broom by bank =$400 Adjusted Book Balance = $4350 2. Let Erasers
Words: 1186 - Pages: 5
following does not impact the calculation of the cash interest payments to be made to bondholders? a. Face value of the bond b. Stated interest rate c. Market interest rate d. The length of time between payments 2. Which of the following is false when a bond is issued at a premium? a. The bond will issue for an amount above its face value b. Interest expense will exceed the cash interest payments c. The market interest rate is lower than the stated
Words: 1166 - Pages: 5
financial statements Lessee’s analysis Lessor’s analysis Other issues in lease analysis 2 Who Are the Two Parties to a Lease Transaction? The lessee, who uses the asset and makes the lease, or rental, payments The lessor, who owns the asset and receives the rental payments Note that the lease decision is: a financing decision for the lessee, but an investment decision for the lessor 3 Primary Lease Types Operating lease – Short-term (asset is not fully amortized) and normally
Words: 1473 - Pages: 6
respondents Cobile, respondents Cobile paid the amount of 384,000.00 pesos as a partial payment to petitioners Orden. Moreover, there is an evidence receipt that respondents Cobile paid partial payment. Thus, Orden, petitioners and Cobile respondents make a promissory that respondents Cobile promise to pay petitioners Orden the amount of 566,000.00 pesos on or before October 31, 1994 and the remaining balance will be paid soon as the titles of the properties shall have been transferred to respondents
Words: 790 - Pages: 4
Cash management is a need common to both large and small businesses alike. In its simplest terms, cash management is the assurance that today's receivables plus today's account balances exceed today's payables. Failure to practice this business management process guarantees bankruptcy. Every large organization has a cash management group, sometimes called the treasury. This group's function includes management of such items as investments and borrowing in addition to the organization's daily cash
Words: 1551 - Pages: 7
