Thursday, December 15, 2011
Available Balance and Current Balance?
I just recently opened up an account with PNC. I have never seen this available balance and current balance before. I cashed my check yesterday, and today it shows me a Avaliable Balance of 75.79 and a Current Balance of 327.79; I haven't used my debit card so what is my actual balance?|||Always go by your available balance so you don't accidentally overdraw your account. Typically the difference is due to a deposit you have made for example if your available balance is $75 but you deposit a check for $25 then your ledger balance would show $100 and there will be a difference in your balance until the funds are made available. Hope this helps!|||These are for bank a/c procedure,available balance is your balance in your accout.
Is there a bank that will notify you, via SMS, your current account balance after a debit/credit purchase?
A guy from Norway showed me on his phone and it was fast and convenient!|||I have no idea|||my mother has an account with netspend and they send her messages with her balance through text message right after she uses her card. it comes instantly|||Commerce bank. Don't know if you live in their area
https://www.commercebank.com/default.asp
https://www.commercebank.com/default.asp
On a credit card statement, does your current balance mean what you owe?
It means that is the total up until the closing date on the statement. Any charges after that date will not show.
What does current balance less expected aid mean?
and then it says $1048.00|||"Current balance less expected aid" means that's what you owe (the balance) after the financial aid they anticipate will be applied to your account at some date.
Therefore, you owe $1,048 according to aid estimates.
Therefore, you owe $1,048 according to aid estimates.
Using the unpaid balance method, find the current month's finanace charge on a credit card account having the?
Using the unpaid balance method, find the current month's finance charge on a credit card account having the following transactions:
Last months balance: $875
Last payment: $50
Annual Interest rate: 21%
Purchases: $253
Returns: $932
What's the finance charge?|||That depends, if you did cash advances on you card or not, as they earn interest from the date they are done until they are paid in full. You shouldnt see anything as you credit was more that your previous months balance, so it has been paid in full.
Credit card companies cannot charge interest on new purchases, so they are still interest free as long as you pay next months balance in full.
If you do carry a balance then you interest ammount will fluctuate. Lets say your cut off is the 10th of each month, and you start off with a balance showing of 1000.00, then you are charged interest from the 10th of the month untill you mak a payment, so on the 25th you make a payment of 500.00, as of that date you are now paying interest on the amount left owing, 500.00 till the next statement print date.
1000.00 from the 10th to the 25th = 15 days of interest on that amount
500.00 from the 25th until the 10th of the next month= 15 days on 500.00 assuming the month has 30 days.
last months balance875-payment50=825
remaining balance825-credit 932= -107 +
credit balance-107+new purchases=146
As long as you pay the new balance of 146 by the due date you should see no interest.
This may help as well to calculate interest
take the principal times the interest rate divide by 365 and times for the number of day from posting to billing.
1000 X 19.99% / 365 X 30days = 16.43 interest each month
Last months balance: $875
Last payment: $50
Annual Interest rate: 21%
Purchases: $253
Returns: $932
What's the finance charge?|||That depends, if you did cash advances on you card or not, as they earn interest from the date they are done until they are paid in full. You shouldnt see anything as you credit was more that your previous months balance, so it has been paid in full.
Credit card companies cannot charge interest on new purchases, so they are still interest free as long as you pay next months balance in full.
If you do carry a balance then you interest ammount will fluctuate. Lets say your cut off is the 10th of each month, and you start off with a balance showing of 1000.00, then you are charged interest from the 10th of the month untill you mak a payment, so on the 25th you make a payment of 500.00, as of that date you are now paying interest on the amount left owing, 500.00 till the next statement print date.
1000.00 from the 10th to the 25th = 15 days of interest on that amount
500.00 from the 25th until the 10th of the next month= 15 days on 500.00 assuming the month has 30 days.
last months balance875-payment50=825
remaining balance825-credit 932= -107 +
credit balance-107+new purchases=146
As long as you pay the new balance of 146 by the due date you should see no interest.
This may help as well to calculate interest
take the principal times the interest rate divide by 365 and times for the number of day from posting to billing.
1000 X 19.99% / 365 X 30days = 16.43 interest each month
How can i recognize the current liability and current assets on Balance sheet of a Bank?
"Current" means assets that turn into cash or liabilities that come due within one year. The current section for each tends to be the first things listed under each section, with long term listed after.
What is the calculation for the balance of payments current account?
The balance of payments is simply exports minus imports.
When you have a surplus, the country exports more than it imports. EG Japan
When you have a deficit, the country imports more than it exports. EG USA|||The current account in the balance of payments measures the perfomance of a country in international trade by measuring the value of money paid for its imports and the value of money received through exports. It also includes the income received by people temporarily working overseas, flows of money in and out of the country for interest payments, profits and dividends as well as Central Government payments overseas such as foreign aid and contributions to the EU (known as current transfers)
So, basically the balance on current account can be calculated by this equation = balance on visible trade + balance on invisible trade + income + current transfers.
*Visible trade is the trade in goods which can be seen like oil/machinery..
*Invisible trade is the trade in services like banking and tourism
*The balance on these trades is the difference between the exports and imports.
Disadvantages of a current account surplus
- This means that exports are exceeding imports which suggests that the value of the pound might be too low as the demand for exports is high. If the value of the pound is low, it could cause imported inflation as imports will appear more expensive, even if their prices are not increasing.
- Exports are injections into the circular flow of income so this will increase the amount of money in an economy. This might result in aggregate demand shifting to the right which will lead to demand-pull inflation if producers cannot increase their production at the same rate.
- This might lead to a misallocation of resources as too much might be allocated for exports resulting in less available for the domestic market.
Hope that helped :)
When you have a surplus, the country exports more than it imports. EG Japan
When you have a deficit, the country imports more than it exports. EG USA|||The current account in the balance of payments measures the perfomance of a country in international trade by measuring the value of money paid for its imports and the value of money received through exports. It also includes the income received by people temporarily working overseas, flows of money in and out of the country for interest payments, profits and dividends as well as Central Government payments overseas such as foreign aid and contributions to the EU (known as current transfers)
So, basically the balance on current account can be calculated by this equation = balance on visible trade + balance on invisible trade + income + current transfers.
*Visible trade is the trade in goods which can be seen like oil/machinery..
*Invisible trade is the trade in services like banking and tourism
*The balance on these trades is the difference between the exports and imports.
Disadvantages of a current account surplus
- This means that exports are exceeding imports which suggests that the value of the pound might be too low as the demand for exports is high. If the value of the pound is low, it could cause imported inflation as imports will appear more expensive, even if their prices are not increasing.
- Exports are injections into the circular flow of income so this will increase the amount of money in an economy. This might result in aggregate demand shifting to the right which will lead to demand-pull inflation if producers cannot increase their production at the same rate.
- This might lead to a misallocation of resources as too much might be allocated for exports resulting in less available for the domestic market.
Hope that helped :)
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