All categories

1 year ago

Explain the difference between a checking and a savings account

Business

1 answer:

lianna [129]1 year ago

6 0

Answer: Heyaa! :)

Saving Account

→ income not spent, or deferred consumption. Methods of saving include putting money aside in

Checking Account

Offers easy access to your money for your daily needs ←

The main difference between checking and savings accounts is that checking accounts actually used on the daily while savings accounts are primarily for saving money.

Hopefully this helps you !

- Matthew ~~

You might be interested in

Roget Factory has budgeted factory overhead for the year at $15,500,000. It plans to produce 2,000,000 units of product. Budgete

yawa3891 [41]

Answer:

$14,76

Explanation:

Using a single plantwide factory overhead rate based on direct labor hours, the factory overhead rate for the year is $14,76.

6 0

2 years ago

Vincent and Jean are two cooks who work in a village. Each of them can either bake cakes or make pizzas. Every ingredient is rea

ElenaW [278]

Answer: B. Jean

Explanation:

Having Absolute Advantage in the production of a good means that you can produce more of that good given the same resources or at least the same Quantity as others given lower resources.

From the scenario above therefore, Jean has the Absolute Advantage in producing Cakes as Jean can bake 12 cakes in an hour while Vincent can only bake 10.

6 0

3 years ago

Use the cost information below for Sundar Company to determine the total manufacturing costs added during the current year:

astra-53 [7]

Answer:

cost of goods manufactured= $98,000

Explanation:

Giving the following information:

Direct materials used $19,000

Direct labor used 24,500

Factory overhead 55,100

Beginning work in process inventory 10,700

Ending work in process inventory 11,300

To calculate the cost of goods manufactured, we need to use the following formula:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 10,700 + 19,000 + 24,500 + 55,100 -11,300

cost of goods manufactured= $98,000

7 0

2 years ago

Assume that Selling Division and Buying Division are both owned by Overall Corporation. Selling Division sells a product that is

Mariana [72]

Answer:

Explanation:

6 0

2 years ago

George is trying to teach his two-year old son to gently caress their cat. George softly strokes the animal and every time his s

harkovskaia [24]

Letter C is correct. Retention processes.

The failure in the social learning process is in the retention process. This process occurs when the behavior is not remembered after observation. This is what happens when George's son does not repeat proper behavior with the cat when not being observed, because he does not remember. To avoid this failure it is necessary to reproduce the learning process until a memory is formed to identify the expected behavior.

3 0

2 years ago