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Dmitry_Shevchenko [17]
2 years ago
8

A savings account is called a(n) deposit because the bank can require you to make prior notice before withdrawal.

Business
1 answer:
Angelina_Jolie [31]2 years ago
6 0

A savings account is called a time deposit because the bank can require you to make prior notice before withdrawal.

What is a time deposit?

The time deposit means a deposit kept in bank's custody which cannot be withdrawn before a particular date or can only withdrawn by notifying the bank of the withdrawal date well ahead.

The most common example of time deposit is the certificate of deposit(CD), which is the document issued to a depositor stating the amount that has been deposited, the duration of deposit, the interest rate applicable including the earliest date upon which withdrawal from the account can be initiated or executed.

In this case, the missing word is time, which when combined with deposit gives time deposit.

Find out more about the mechanics of time of deposit on:brainly.com/question/25787382

#SPJ1

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The reasons for using the variable-cost approach include all of the following except this approach provides the most defensible
Ber [7]

Answer:

The reasons for using the variable-cost approach include all of the following except

this approach provides the most defensible bases for justifying prices to all interested parties.

Explanation:

This is not part of the reasons for using the variable-cost approach.  But options b, c, and d are certainly the reasons why the variable-cost approach is used.  The variable-cost approach provides a differential analysis for decision-making.  It assigns overhead costs to the period in which they are incurred, while other variable costs are assigned to the merchandise produced within that period.  Thus, by excluding fixed manufacturing overhead cost, only the direct costs associated with production are used in accounting for the product's costs.

3 0
3 years ago
QUESTION 4 / 10
Umnica [9.8K]

Answer:

C. The longer you use credit responsibly, the higher your

credit score will be.

Explanation:

A credit card allows its user to access a short term loan. Every payment made via a credit card is considered a loan. The loan attracts interest monthly. Defaulting on credit card payments is similar to defaulting on any other loan type.

Responsible use of a credit card entails using it only when necessary. It means making prompt payments to clear monthly bills.

Credit card history is important information when tabulating an individual's credit score.  Anyone who uses their credit card responsibly ends up with a good credit score.

3 0
3 years ago
Bengal Co. provides the following unit sales forecast for the next three months: July August September Sales units 5,900 6,600 6
Nana76 [90]

Answer:

Units to be produced          6,075

Explanation:

July production budget

sales for the period           5,900

desired ending inventory

25% of next month

25% of August

25% of 6,600 =                 <u>   1,650  </u>

Total requirement needs    7,550

Beginning Inventory           (1,475)

Units to be produced          6,075

The forecast sales and the desired ending inventory are the needs for production, the beginning inventory is an amount we already have. So it decreases our production demand.

4 0
3 years ago
Your grandparents would like to establish a trust fund that will pay you and your heirs $225,000 per year forever with the first
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Answer:

They must deposit $5,113,636.36.

Explanation:

Giving the following information:

Cash flow= $225,000

Interest rate= 4.4 percent

To determine the amount to be deposited today, we need to use the perpetual annuity formula:

PV= Cf/i

Cf= cash flow

PV= 225,000/0.044

PV= $5,113,636.36

They must deposit $5,113,636.36.

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3 years ago
James Woodall put his garbage can out on the sidewalk in front of his house for pick-up by the city sanitation department. Wooda
adoni [48]

Answer:

C. The search of the garbage and the stake-out do not violate the Fourth Amendment

Explanation:

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