When a $10 Check Written on the First National Bank

question 135

Multiple Choice

When a $10 check written on the First National Bank of Chicago is deposited in an account at Citibank,then

• A)the liabilities of the First National Bank decrease by $10.
• B)the reserves of the First National Bank increase by $10.
• C)the liabilities of Citibank decrease by $10.
• D)the assets of Citibank decrease by $10.

Know the enforceability conditions of employment contracts.

Understand occupational health and safety obligations of employers towards employees.

Grasp the basics of employment standards laws including minimum wage.

Familiarize with legal criteria for the enforceability of employment contracts under the Statute of Frauds.

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Definitions:

Payback Period Method

A capital budgeting method that calculates the time required to recoup the cost of an investment, identifying the point where cash inflows equal cash outflows.

Profitability Index

A calculation used to assess the attractiveness of an investment or project, equal to the present value of future cash flows divided by the initial investment cost.

Net Present Value

The difference between the current value of cash inflows and the current value of cash outflows over a period of time, used in capital budgeting to analyze the profitability of an investment.