TAILIEUCHUNG - Lecture Practical business math procedures (11/e) - Chapter 4: Banking

The goals of this chapter are: Define and state the purpose of signature cards, checks, deposit slips, check stubs, check registers, and endorsements; correctly prepare deposit slips and write checks; explain the trends in the banking industry; define and state the purpose of the bank statement; complete a check register and a bank reconciliation; explain the trends in online banking pro and con. | Chapter Four Banking Copyright © 2014 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin LU 4-1: The Checking Account Define and state the purpose of signature cards, checks, deposit slips, check stubs, check registers, and endorsements. Correctly prepare deposit slips and write checks. LU 4-2: Bank Statement and Reconciliation Process; Latest Trends in Mobile Banking Explain the trends in the banking industry. Define and state the purpose of the bank statement. Complete a check register and a bank reconciliation. Explain the trends in online banking pro and con. Learning unit objectives Checks/Drafts Checks/Drafts – A written order instructing a bank, credit union, or savings and loan institution to pay a designated amount of your money on deposit with the bank to a person or organization. Drawee – Bank ordered to pay Payee - To whom check is payable Drawer - One who writes the check 3 Deposit Slip Figure 4 The structure of a check Figure 5 Types of

• Quản trị kinh doanh
• Practical business
• Math procedures
• Practical business math procedures
• Checking account
• Bank statement
• Reconciliation process
• Latest trends
• Business statistics
• Frequency distributions
• Measures of dispersion
• Practical business Japanese
• Ebook Practical business Japanese
• Telephone conversation
• Making a request
• Placing orders
• Business Japanese
• Communicating information
• Expressing opinions
• Exchanging opinions
• Sinking funds
• How to read
• Auto insurance
• Interpret financial reports
• Whole numbers
• Their applications
• Simple interest
• Promissory notes
• Simple discount notes
• Rounding whole numbers
• Dividing whole numbers
• Subtracting whole numbers
• Types of fractions
• Subtraction of fractions
• Adding of fractions
• Rounding decimals
• Decimal conversions
• Dividing decimals
• Solving equations
• Solving word problems
• Solving Equations for the unknown
• Percents and their applications
• Rounding percents
• Converting percents to decimals
• Trade discounts
• Cash discounts
• Credit terms
• Perishables analysis
• Breakeven analysis
• Markup based on cost
• Computing payroll deductions
• Employees’ pay
• Employees’ gross pay
• Maturity value
• Simple interest formula
• Discount process
• Compound interest
• Present value
• Future value
• Ordinary annuity
• Annuity due
• Installment buying
• Cost of installment buying
• Revolving charge credit cards
• Home ownership
• Monthly mortgage payment
• Amortization schedule
• Balance sheet
• Income statement
• Straight line method
• Units of production method
• Declining balance method
• Assigning costs
• Retail method
• Inventory turnover