Please contemplate the following scenarios and answer accordingly. a. Islamic banking has entered into Murabaha transaction with Mr. Daghabaaz. Mr. Daghabaaz defaulted on payments of installment later and IB charged accordingly provision as per the aging of receivable. However, Mr. Daghabaaz contacted bank to request a rollover on said transaction to avoid blacklisting. Requirement:          As an Islamic Banker, do you think IB can charge any penalty for late payment to Daghabaaz and grant rollover facility.

Credit card companies can change the rules of the account if they give the borrower 45 days notice of the change. True False

Use Newell Brands, Inc.'s financial statement information to answer the following questions. Provide the following account balances for Newell Brands :     December 31, 2020 December 31, 2019 Accounts Receivable (gross)     Allowance for Doubtful Accounts     Accounts Receivable, net     Which of the above numbers represents the total amount Newell Brands is owed by customers as of December 31, 2020?    Which of the above numbers represents the amount that Newell Brands believes it will not collect from its customers as of December 31, 2020?        Which of the above numbers represents the amount that Newell Brands believes it will collect from its customers as of December 31, 2020?        Provide the journal entry (both accounts and amounts) that Newell Brands must have made to record its estimate of Bad Debt Expense in 2020.                  Provide the journal entry (both accounts and amounts) that Newell Brands must…

Which of the following statements about the company's financial operations and financial decisions is FALSE? If your company overdraws its checking account, the Global Community Bank will automatically issue your company a 1-year loan in an amount sufficient to bring your ending cash balance up to zero. The interest rate charged on overdraft loans is always 2% above whatever interest rate your company would otherwise pay on a 1-year loan from the GCB (for example, if your company's B credit rating entitled your company to a 1-year loan carrying a 6.5% interest rate, then the interest rate on a 1-year overdraft loan would be 8.5%). If the company needs to secure additional capital, it can take out loans with 1-year, 5-year. and/or 10-year terms from the Global Community Bank and/or it can issue new shares of common stock. The company's banking arrangement with the Global Community Bank calls for the company to be paid interest on any positive cash balance in the company checking…

Please do not give solution in image format ? And Fast answering please and explain proper steps by Step.

Credit Co. inadvertently cashes a check marked paid - in - full from Mark, who owes $3,000 but only pays $2,000. According to Uniform Commercial Code (UCC), section 3-311, Credit Co. has has 90 days from the date it cashed the check to offer repayment in the same amount to the debtor and thereby avoid an enforceable accord and satisfaction. Question 2 options: True False

Prepare the bank reconciliation of Donald Insurance at Dec 31, 2018. Fill in the blanks on the reconciliation in the picture. All information that has been provided to me for this problem is also in the picture. Please actually cite the image this time. Last time I got the following: "Hi and thanks for your question! Unfortunately it looks incomplete. Please resubmit the question with complete adjustments. We've credited a question back to your account. Apologies for the inconvenience."   This is a constant issue. Utilize the information given, especially when it is stated that all of it is provided to you.

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