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2 years ago

Certificate of deposit is an interest-earning deposit that requires the funds to remain deposited for a fixed term. true false

1 answer:

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True, Certificate of deposit is an interest-earning deposit that requires the funds to remain deposited for a fixed term.

<h3>What is an interest-earning bank account?</h3>

An interest checking account pays interest on the credit of the account, typically monthly. Though savings accounts typically earn higher yields than corresponding accounts, having an interest-bearing checking account allows you to make interest on the money in all of your funds.

<h3>Which bank is right for savings account?</h3>

State Bank of India (SBI) is the biggest bank of India that provides a wide range of banking products to the clients. SBI Savings Account is one of the popular products in which people can deposit their money safely. When it comes to good rates, the SBI Savings Account delivers 2.70% per annum.

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If contribution margin is $220000, sales is $400000, and net income is $180000, then variable and fixed expenses are:________

alexira [117]

Answer:

Total variable cost= $180,000

Fixed costs= $40,000

Explanation:

Giving the following information:

Contribution margin= $220,000

Sales= $400,000

Net income= $180,000

<u>The contribution margin formula is as follow:</u>

Total Contribution margin= sales - total variable cost

<u>Therefore, we need to isolate the total variable cost and replace the variable with the data:</u>

Total variable cost= sales - total contribution margin

Total variable cost= 400,000 - 220,000

Total variable cost= $180,000

<u>Finally, the fixed costs:</u>

Fixed costs= total contribution margin - net income

Fixed costs= 220,000 - 180,000

Fixed costs= $40,000

6 0

3 years ago

If a bank that desires to hold no excess reserves and has just enough reserves to meet the required reserve ratio of 15 percent

maria [59]

Answer:

Explanation:

Required reserves is the percentage of deposits required of banks to keep as reserves by the central bank

Required reserves = reserve requirement x deposits

0.2 x $100,000 = $20,000

Excess reserves is the difference between reserves and required reserves

Required reserves = 0.15 x 600 = 90

Excess reserves = 600 - 90 = 510

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3 years ago

A properly marked source document contains some Secret information. A new document does not contain the same information. Howeve

navik [9.2K]

Answer:

Revealed by.

Explanation:

Revealed is to make (previously unknown or secret information) known to others.

3 0

3 years ago

At the end of the year, a company has a balance in Allowance for Uncollectible Accounts of $2,200 (credit) before any year-end a

Lapatulllka [165]

Answer: Debit Bad debt expense $7,300; Credit Allowance for doubtful accounts $7,300.

Explanation: 5% of accounts receivable of $190,000 is $9,500. Remember the credit balance in Allowance for uncollectible accounts is $2,200 prior to any adjustment and this reports to the balance sheet. To reinstate this account to the required provision for uncollectible amount of $9,500, we need to adjust for the difference (that is, $9,500 minus $2,200 existing balance), which is $7,300. <u>Then, the entries above would be recorded. </u>

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3 years ago

The distance a fragment of dna moves into the gel is proportional to the of the fragment in .

strojnjashka [21]

'The distance a fragment of DNA moves into the gel is proportional to the of the fragment in logarithms of the size.

Deoxyribonucleic acid is a polymer composed of two polynucleotide strands twisted together to form a double helix. Polymers carry the genetic instructions for the development, function, growth, and reproduction of all known organisms and many viruses. DNA and ribonucleic acid are nucleic acids.

Intracellular molecules containing genetic information are involved in the development and function of an organism. DNA molecules allow this information to be passed on from generation to generation.

DNA is the information molecule. It stores instructions for making other large molecules called proteins. These instructions are stored in each cell and spread over 46 long structures called chromosomes. These chromosomes are made up of thousands of short DNA segments called genes.

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6 0

1 year ago