Banking Questions

2. In your Section_5 folder, navigate to and open the Example_Credit_Report, and then answer the questions below.

• There is a $25 fee to open the account. • They have overdraft protection • Balances are FDIC insured up to certain limits c. List three facts about Which of the two banks or credit unions that you researched would you be most likely to choose to open an account with? Why? (2-4 sentences. 2.5 points)

5. The of a check is the person who is presenting it for payment and may not be the person named as the payee. 6. Grace studied the , which is a series of laws that regulates sales of goods, commercial paper, secured

Assignment 1: Part 1: Economic Basics (10.0 points) Please BOLD/HIGHLIGHT your answers to make it easy for me to see your answers. 1. Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. (4-6 sentences. 2.0 points) It makes a plan

17. Which of the following is not a procedure for control of cash payments? A. B. C. D. Checks should be properly authorized with approval signatures. The business should provide written

1. Describe a real or made up but realistic situation that could cause you or someone you know to have to use money from a financial reserve. (3-6 sentences. 2.0 points) I put money into a financial reserve for college. I will not touch the money till then. I can

 Course Project: Economic Research Objective Each student is to select research question related to money and banking and develop a well written paper that provides insight into the topic. The goal is to obtain a better understanding of the topic, while relating the identified topic or concept with real world scenarios. Guidelines For

Question 4: Proficient: Are the following possibilities conceivable in an entry involving only one debit and one credit? Please explain your response for each item. Provide five or six correct responses:

Top of Form Bottom of Form exercise 1-7 & 1-8: 1. Indicate which statement you would examine the fine each of the following items: income statement, balance sheet, retained earnings statement, or statement of cash flows

ACCT1501 Practice Exam Questions 2014S1 QUESTION 1 (8 Marks) Financial Reporting Principles, Accounting Standards and Auditing, & Sustainability Reporting Provide short answers to the following: 1. What are generally accepted accounting principles? (2 Marks) 2. If you have a good idea and expect to make a lot of money from the idea is

Bookkeeper 's Hiring Test Basic Test Payroll Option Depreciation Option Inventory-Perpetual Option Test Name: AIPB Hiring Test Test Form: 5 Test Points: 25.00 _________________________________________________ Name: ________________________________ Date: _________________ [1]BASIC BANK01 - BAT 003 Which of the following statements is true? A. An asset account is increased by a credit B. An expense account is

 Week 3 Assignment from the Reading Jessica Pipito ACC/340 February 25, 2015 Prof. David De La Calzada Week 3 Assignment from the Reading Case Analysis 8-17 Weakness Recommended Improvements Same Person collects daily fees and deposits the cash and files the wavier forms There should be one person (A) that has visitor fill out the forms and files them, also

Wally’s Billboard & Sign Supply Questions 4, 5, 6, 7, & 8 (4) 1. Obtain cutoff bank statements – Cutoff and Completeness (AU-C 315.A114 a ii & IV) 2. Obtain copies of client’s bank reconciliations. a. Test the mathematical accuracy of every bank reconciliation – Accuracy (AU-C

TABLE OF CONTENT 1 | Introduction | 2 | 2 | Question 1 | 3 | 3 | Question 2 | 4 | 4 | Question 3 | 6 | 5 | Question 4 | 9 | 6 | Question 5 | 11 | 7 | Conclusion | 12 | INTRODUCTION Century National Bank has offices in several cities in the Midwest and the southeastern part of the United States. Mr. Dan Selig, president and CEO, would like to know the characteristics of his checking account customer. To better understand the customers, Mr. Selig asked Ms. Wendy Lamberg, director of planning, to select a sample of customers and prepare a report. To begin, she has appointed a team from her staff and the team has selected a random sample of 60 customers. All the information gathered is tabulated in the table below:

Furthermore, some further duties have been sought to be imposed on customer in order to protecting the bank’s interests. The additional duties could be classified into three categories and those duties have been the subject of recent case law (Tyree 2008). “The passbook has been replaced by the bank statement which is sent at intervals to the customer and the current practice seems to favour the