What is the objective companies attempt to achieve
Course:- Financial Management
Length: 974 Words
Reference No.:- EM13676748

Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Financial Management

In at least 150 words per answer of question as they are seen below. Make sure all answers are cited properly and plagirizm free as it will be submitted through the special system.

1- Name the three major paper-based payment mechanisms and explain each.

2- Do you think paper payments will disappear in the near future in the United States? Support your opinion.

3- List and define the three major electronic-based payments, giving the usage occasions, advantages, and disadvantages of each

4- What is the objective companies attempt to achieve when managing bank relations?

Word Limit: 850


Verified Expert

Preview Container content

Paper based system relates to the Retail payment system in which settlement of an obligation arising from the purchase of goods/services. Paper based payment means a payment made by means of cheque, demand draft, Pay order, warrants, cheques, other negotiable instruments. They are safe enough as say for example a crossed cheque can only be deposited in the payee’s account, even if one loses the cheque the cheque is of no worth to the person who recovers it or the one who has stolen it. The three most commonly used paper based payment mechanism are:Cheques: Cheque is an instrument by which the payer instructs his banker to make a payment to the payee (a specific individual in his account or by way of a bearer cheque)

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Financial Management) Materials
Quantum Inc., a U.S.-based corporation, borrows SF 2,000,000 from the Swiss bank, UBS. The entire principal is to be repaid at the end of the year, and the interest rate is 4%
Your research has determined the following information about the common stock of two particular firms. Under what situation is the coefficient of variation useful? Briefly exp
Consider a 6-month European put on GOOG with a strike price of $650. GOOG spot price is $725 and its volatility is 25%. The stock is not expected to pay any dividend. The risk
The Spring Flower Co. has earnings of $2.15 per share. The benchmark PE for the company is 12. What stock price would you consider appropriate? What if the benchmark PE were 1
Juan deposits $1000 in a savings account that pays 8% compounded annually. Exactly 2 years later he deposits $3000; 2 years later he deposits $4000; and 4 years later he withd
As a benefits manager, how might the potential demise of Social Security affect the decisions you make regarding other benefits that you have the option of providing to your e
Suppose a stock had an initial price of $56 per share, paid a dividend of $1.60 per share during the year, and had an ending share price of $66. Compute the percentage total r
A stock is expected to pay a dividend of $1.30 one year from now, $1.70 two years from now, and $2.10 three years from now. The growth rate in dividends after that point is ex