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2 years ago

An account that generates interest income on the available balance in the account.

Business

1 answer:

o-na [289]2 years ago

5 0

An interest-bearing account is an account that generates interest income on the available balance in the account.

What is an interest-bearing account?

An interest-bearing account computes interest based on the balance outstanding on the loan or investment account, for instance, a monthly compounding deposit account where the interest paid on the account on monthly basis on the available balance before interest computation.

There also non interest-bearing account which only promises a particular amount when the deposit or investment account matures rather than paying on the balance.

Find out more about interest-bearing account on:brainly.com/question/11484066

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Zinc Co.'s adjusted trial balance at December 31, 2017 includes the following account balances:Common stock, $3 par $600,000Addi

KATRIN_1 [288]

Answer:

Stock holder's equity in 2017 is $1,680,000

Explanation:

Given:

Common stock = $600,000

Paid in capital = $800,000

Retained earnings = $350,000 that is (200,000 + 150,000)

Stock holders' account credited = 600,000 + 800,000 + 350,000

= $1,750,000

Treasury stock cost = $50,000

Unrealized loss on non-current marketable equity securities = $20,000

Total stockholders' account debited = 50,000 + 20,000

= $70,000

Balance of stockholders' equity as on 31 December 2017 = 1,750,000 - 70,000

= $1,680,000

3 0

3 years ago

if an item of clothing costs a manufacturer R60 to make,how much profit was made per item if 10 items were sold for R1200

postnew [5]

Answer:

600

Explanation:

60×10=600 (this is the cost)

1200-600=600

3 0

3 years ago

If a company employs two office assistants for every nine architects (a staffing ratio of 2:9) and it plans to expand and hire e

Art [367]

Answer:

Explanation:

Given:

A company employs two office assistants for every nine architects and

ratio is given = 2:9

Question asked:

How many new office assistants will it need to hire as it plans to hire eighteen new architects = ?

Solution:

Let ratio of new office assistants = $x$

Ratio of two office assistants for every nine architects = 2:9

By using formula of ratio and proportion:

Ratio of two office assistants for every nine architects : : ratio of new office assistants for eighteen new architects,

2 : 9 : : $x$ : 18

$\frac{2}{9} = \frac{x}{18} \\$

By cross multiplication,

$2\times18 = x \times18\\36 = 9 x$

Dividing both side by 9,

$x = 4$

Thus, 4 new office assistants will it need to hire.

8 0

3 years ago

When making financial decisions, it is important that you critically evaluate the source.

svetoff [14.1K]

Hello,

Here is your answer:

The proper answer is option A "true". It is extremely important to find the source of the information because the source could not be verified (which means its giving false information).

Your answer is A.

If you need anymore help feel free to ask me!

Hope this helps!

7 0

3 years ago

Read 2 more answers

On August 1, Kim Company accepted a 90-day note receivable as payment for services provided to Hsu Company. The terms of the not

Andreyy89

Answer:

credit to interest revenue for $132

Explanation:

given data

face value = $8,800

interest rate = 6 %

time = 90 days

solution

if we see here journal entry that is

date particular debit credit

October 30 cash A/C $8932

to notes payable $8800

to interest revenue $132

( $8800× 6% × $\frac{90}{360}$ )

so here credit to interest revenue for $132

6 0

3 years ago