Mico has two accounts withthe bank, a business accountand a principal account. On 23January he wrote a cheque forP63,000 on his businessaccount to pay a repair bill.However, he had only P50,500in the account and had noformal arrangement with thebank to borrow more. He triedto access his other account bya computer 5 days later, only tofind that he was denied access.He says the bank is in breachof contract because he paysmonthly banking charges onhis principal account and theytherefore had no right to blockhis access to it.With respect to BDO OnlineAccount Opening Service("Service") Terms andConditions, whatrecommendationhim?can you give

Well, Mico is actually right, as per BOD's terms and conditions, in case of insufficient balance to…

Answered: Mico has two accounts with the bank, a…

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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2. Elen Serug needs P70,000 to repair her roof. Find the face value of the note that will provide the P70,000 in proceeds if she plans to repay the note in 180 days and the bank charges a 12 % discount rate.
On March 1st, 2020, Melanie has $3,000.00 in her bank account. Throughout the month of March, she made the following transactions, so what is her ending balance on March 31st, 2020? March 3rd. Issued Cheque No. 334 to Smith Corporation for $345.80 March 8th. Deposited $653.80 March 15th. Withdrawal $200.00 cash March 18th: Isued Cheque No. 335 to Rogers Inc. for $128.70 March 22nd. Deposited $780.90 March 27th. Isued Cheque No. 336 to Tiffany Co. for $275.30 March 30th. Issued Cheque No. 337 to Peters Corp. for $175.80 a. $3,309.10 b. $5,560.30 O c. $2,690.90 O d. $439.70 Type here to search 24
On June 25, Easy Repair Service extended an offer of $154,000 for land that had been priced for sale at $175,000. On July 9, Easy Repair Service accepted the seller's counteroffer of $167,000. On October 1, the land was assessed at a value of $251,000 for property tax purposes. On December 22, Easy Repair Service was offered $267,000 for the land by a national retail chain. At what value should the land be recorded in Easy Repair Service's records?
Maroon Company received an invoice for $166,500 dated November 4, 2011 with payment terms 6/3, 3/20, n/45 for a truck-load of goods. Calculate the amount required to settle the invoice on the following dates. a. November 6, 2011. Round to the nearest cent b. November 24, 2011. Round to the nearest cent c. December 19, 2011. Round to the nearest cent
Three invoices for the amounts of $34,200, $25,000, and $41,450 were received on November 27, 2014, December 27, 2014, and January 19, 2015, respectively. If the payment terms are 3/7, 2/30, n/60, calculate the amount that must be paid on January 26, 2015 to settle all three invoices.
Your mobile phone statement shows a balance of $178.59 and the payment is due on April 20. The statement says that payments received more than 15 days late will be charged a $20 late payment fee. By what date must you pay your balance to avoid the fee?
Anna plans to buy a new air conditioning system. The sales person offers her two options. Option1; If she is going to do a one time cash payment, she needs to pay Php24,000 upfront. Option 2: If she is going for a 1 year monthly payment, she will be paying P2,000.00 per month. Is it true that both option has the same cash value? a. True b. False
Mayfair Fashions has a $90,000 line of credit from the Bank of Montreal. Interest at prime plus 2% is deducted from Mayfair’s chequing account on the twenty-fourth of each month. Mayfair initially drew down $40,000 on March 8 and another $15,000 on April 2. On June 5, $25,000 of principal was repaid. If the prime rate was 5.25% on March 8 and rose by 0.25% effective May 13, what were the first four interest deductions charged to the store’s account? (Round your answers to the nearest cent.)
You drive a 4 year old truck valued at $15,000. You have a $70,000 personal automobile policy with $12,000 per-person medical payments coverage and both collision ($500 deductible) and comprehensive coverage. Your neighbor drives a five-year old SUV valued at $10,000. Your neighbor has a 25/50/15 automobile policy with $15,000 in medical payments coverage and both collision ($200 deductible) Early one morning your neighbor was driving down the street while you were driving the opposite way to drop your friend off at her house and your neighbor swerved into your lane and struck your vehicle. Below you will find the damage caused by the accident: Your Bodily Injury: $7,000 Your Friend’s Bodily Injury: $25,000 Your Car: $8,500 Neighbor’s Bodily Injury: $3,000 Neighbors Car: $9,000 Using the information above, find the following: a) How much will your policy pay for your bodily injury?
On April 1st, Bob the Builder entered into a contract of one-month duration to build a barn for Nolan. Bob is guaranteed to receive a base fee of $4,400 for his services in addition to a bonus depending on when the project is completed. Nolan created incentives for Bob to finish the barn as soon as he can without jeopardizing the structural integrity of the barn. Nolan offered to pay an additional 20% of the base fee if the project finished 2 weeks early and 15% if the project finished a week early. The probability of finishing 2 weeks early is 20% and the probability of finishing a week early is 65%. What is the expected transaction price with variable consideration estimated as the expected value? Multiple Choice $5,005 $4,180 $5,862 $4,400

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