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Commercial Bank and Checking Accounts
Checking accounts are deposit accounts that allow customers to deposit or withdraw any amount of money, subject to funds’ availability. Most commercial banks offer checking accounts to both individuals and companies.
3,404 Questions
If you have credits and still do not have no credit how do you get credit?
Your question seems a bit vague, but if I am understanding you, If you have "No" Credit, and want to start building credit, then the best way is to start making some small purchases on your credit card and paying them off over time. Maybe three payments worth. However, you want to be sure that the merchant you are making payments to, actually reports to the credit bureaus. That's the key element here.
Why do both parties need to be present to open a joint checking account?
When your name appears on a checking account as maker you are accepting liability for overdrafts made on that account which could impact your credit score. My thoughts are that it is an issue about liability. Also the bank wants to be certain that in the event that the account is overdrawn, they are able to collect against you by having your signature on the contract.
A function of a budget is to use it as a tool to control the financial resources and to track budget execution. Another function of a budget is to be planning to of cash flow for an individual or organization and what is being spent.
What are the advantages and disadvantages of flexible budgeting?
In short, flexible are much more adventagous in comparison to static planned budgets. Static budgets are prepared before the period, therefore the amount of units sold are likely to be incorrect. This is fine, because it's a budget, but it is not very useful for decision making. Flexible budgets are prepared once the number of actual units sold is known.
Think about it this way. If a company sells 200 units, but the static budget predicted 100, all of your expenses are going to result in unfavorable variances. However, expenses would be expected to increase with an increase in sales. Therefore, it is adventagous in terms of decision making based on the variances. The varainces tell managers such things as the efficiency of labor and material usages, as well as the price variances.
Hope this helps, but there's tons of info out there for you to find.
Difference between cost control and cost reduction?
As the name implies (Cost control) is the a focused control of costs that impact on a business i.e. Maintain spending for equipment within the agreed budgets, purchasing raw materials within the budgets.
Cost reduction, again as it implies is the actual focus to reduce costs to a company i.e. the sales are poor and therefore there has been decision made to make savings across a department or company to ensure that profits are maintained. this is done by looking for all areas of expenditure and investigating these areas to see if financial savings may be made without causing the company any operational problems.
What is a commercial industry in a general definition?
Commercial Industry are those that makes the finished goods, supplied by the manufacturing industries, available to the consumers. Transport, trade, commerce etc are the examples of commercial industries.
How to cash a non negotiable money order?
to get a moshling on moshimonsters you need to get seeds at the seed cart or super seeds. next, go to the map and click on your garden. then, you press the red sack and put the seeds in the holes. wait for them to grow. when they are grown all the way there should be a moshling!
p.s. your need 3 seeds
What are the pros and cons of nationalization of banks?
Pros: * You nationalize if a bank is too big to fail but in too much trouble to ever work its way back to solvency. * You nationalize because it allows rapid reorganization and writedown of debts, just as in a normal bankruptcy. * You nationalize because it's fair: it wipes out shareholders and provides taxpayers with an upside for their investment. * You nationalize because it makes the selloff of toxic assets easier since they can be hived off and held onto for a while without having to value them first. * The fundamental principle is that in a capitalist system, ownership and control of failed enterprises should reside in the hands of whoever buys up the corpse. If that's the government, then that means nationalization. Cons: * The common shareholders lose their entire investment in the stock. * Drive financial stocks to the ground and may affect other sectors. Nationalization is in favor of the taxpayers and not the shareholders. Obama promised his supporters that he will turn things around. IMO, he's all for Main Street than greedy Wall Street. I think nationalization might occur in the near future. Sell your BAC and C stock now while you can.
Is commerce bank of Philippines geniune?
1.Ccommerce Bank of Philippines is a fake bank. They give me one website address, which is fake. When I charged them that please give me correct website address then they give me another means website address and said that this is under construction. They sent a mail in behalf of Shell Petroleum Development Corporation, Hong Kong, China and give me a certificate also of US$1000000.00, and they said me that this amount will be credited in to my account within 4 to 5 days. After 5 days when I chess them they said that I have to pay US$999.00 for that tax, contact me with the INLAND REVENUE GENERAL'S OFFICE. I contact them but they also said the same. I said that I couldn't pay any amount to you and ask them How will I believe you? thay didn't give me any answer upto now. So don't trust the COMMERCE BANK OF PHILIPPINES, INLAND REVENUE GENERAL'S OFFICE OF PHILIPPINES and also SHELL PETROLEUM DEVELOPMENT CORPORATION. I am a experience holder, so I suggest that you don't believe those companies and that type of emails.
2. I also another from Bangladesh. I received an e-mail from China about my wining prize money from Commerce Bank of Philippines. I received like this mail from T.T Section of this Bank and they advise me to send my accounts details and some documents for my payment (US$500,000.00). I think my one also false.
Letter of credit journal entries?
To get a letter of credit journal entries you must write to the accounting department. It is important to include the reason for the letter, so that you can get the information you request.
Cash deposit ration is the amount of money a bank has available for a customer to withdraw. This is a certain percentage of the total money paid into the bank.
Many online merchants accept paypal payments. Paypal allows you to link your checking account to your paypal account.
Difference between investment and commercial bank?
Investment banks provide financial services that are geared toward raising capital such as underwriting, issuance of securities, assisting in Mergers and Acquisitions, and investment management. Unlike commercial banks, they do not take deposits. While investment banks make their money by charging fees for their services, commercial banks earn their money by charging higher interest rates on loans than what they pay for people's deposits.
