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How is average daily balance calculated?
it is the sum of the daily balance divided by the number of days in the billing cycle
Is the overall change in cash calculated on the statement of cash flows always the same as the beginning cash balance on the balance sheet?
the difference between the beginning and the ending cash balance on balance sheet
How is net cash flow calculated?
Net cash flow is calculated as follows Net cash inflow (outflow) from operating activities Net cash inflow (outflow) from investing activities Net cash inflow (outflow) from financing activities Total cash inflow(outflow) Add: Opening cash balance Closing cash balance Closing cash balance must be equal to cash balance in balance sheet.
What will the overall change in cash calculated on the statement of cash flow be always the same as?
The difference between the beginning and the ending cash balance on balance sheet.
Is the cash on the year end financial statement calculated by the bank statement balance or on actual cash in the bank on the last day of the fiscal year?
Balance Statement
How is average daily balance calculated?
it is the sum of the daily balance divided by the number of days in the billing cycle
How is the average daily balance calculated?
it is the sum of the daily balance divided by the number of days in the billing cycle
How is the interest rate calculated bank in Indonesia?
The interest rate is calculated on daily balance with regressive tier. The higher the balance, the more interest the customer earns. Also, fund transfer is allowed in this type of an account.
When a finance charge is calculated on the average daily balance when should consumers pay the bill to keep finance charges at a minimum?
Paying the bill as early in the payment period as possible will make the average daily balance lower and therefore minimize the finance charges.
How the interest on savings account is calculated?
The interest on a business savings account is compounded daily using a 365-day year (366 days each leap year) and calculated on the collected balance.
How is the interest calculated on business savings accounts?
The interest on a business savings account is compounded daily using a 365-day year (366 days each leap year) and calculated on the collected balance.
Interest is charged on the average daily balance on your charge card with the?
Average daily balance method
What is the avaerage size of a camel in Nigeria?
71/2ft
How does penalty interest calculated?
Penalty interest is calculated from the required and projected balance
What is the current interest rate offered at ING direct for a savings account?
All savings accounts in India offer an average of 3 to 3.5% interest per annum calculated on a daily end of day account balance basis. The interest is calculated based on the every day balance in the account and would be credited on a quarterly or half yearly basis.
What is monthly interest payment on a 50000 loan for 7 years at 9 percent?
The answer depends on how frequently the interest is calculated. If it is calculated only at the start, then 1088.12.If it is calculated annually on the outstanding balance, then 827.88If it is calculated monthly on the outstanding balance, then 795.58
How do you calculate average yearly balance?
It is calculated by averaging the balance after each day. This is then averaged with the closing balance after each month.
