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1 year ago

Which checking account would be best for nathan? account aaccount baccount caccount d

Business

1 answer:

Anarel [89]1 year ago

6 0

So the correct option is C account C

What is Transaction Account?

A deposit account held at a bank or another financial institution is known as a transaction account.

It is also referred to at credit unions as a share draught account, checking account, chequing account, current account, and demand deposit account. It is accessible frequently and instantly to both the account holder and any other users they may name. The account owner can access it "on demand. It is possible to gain access using a variety of techniques, including cash withdrawals, debit card use, cheques, and electronic transfers. Economically speaking, the funds in a transaction account are regarded as liquid funds. They are regarded as cash in accounting terms.

To learn more about Transaction Account

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The manager at Tom's Taxidermy expects to sell units at each unit. In order for the manager to breakeven, the manager must sel

andre [41]

The manager at Tom's Taxidermy expects to sell 900 units at $80 each unit. In order for the manager to breakeven, the manager must sell 100 units. What is the margin of safety in dollars?

Answer:

$64,000

Explanation:

Given that, the margin of safety is a term that describes the disparity between the actual sales volume and the breakeven volume.

In this case, Tom's Taxidermy expects to sell 9,00 units at $80 each and their breakeven volume is 100 units, the margin of sales, in dollars, is:

MS = ( 900 - 100) * $80

MS = 800 * $80

= $64,000

Therefore, the right answer as Margin of Safety in dollars = $64,000

6 0

4 years ago

According to the International Fisher Effect, if an investor purchases a five-year U.S. bond that has an 20)_____ annual interes

Sidana [21]

Answer:

British pound: appreciate

Explanation:

International Fisher Theory is an economic theory which establishes a relationship between two country’s exchange and nominal interest rates of their currency.

It states that the expected inconsistency between the exchange rate of two currencies is approximately equal to the difference between their countries' nominal interest rates.

If an investor purchases a five-year U.S. bond that has an annual interest rate of 6% rather than a comparable British bond that has an annual interest rate of 4%, then the investor, at a minimum, must be expecting the British pound to appreciate at a rate less than 2% per year.

The reasoning behind it is that a country with a higher interest rate will also very likely to have a higher inflation rate.

8 0

4 years ago

Any driver who is stopped by a law enforcement officer and found to have a breath or blood alcohol level of .08 or higher will,

son4ous [18]

<span>The licence privilege of any driver who is stopped by a law enforcement officer and found to have a breath or blood alcohol level of .08 or higher will, at the time of arrest, will be suspended.

If the driver is under 21 and </span><span>have a breath or blood alcohol level of .02 or higher will, at the time of arrest will have the driving privilege suspended for a period of 6 months.</span>

6 0

3 years ago

Read 2 more answers

13.10 Two risky gambles were proposed at the beginning of the chapter: Game 1: Win $30 with probability 0.5 Lose $1 with probabi

Lena [83]

Answer:

yes, it is true

Explanation:

the expected value of game 1 = ($30 x 0.5) + (-$1 x 0.5) = $15 - $0.50 = $14.50

since the expected value of game 1 is very high compared to the risk of losing, then most of us would probably want to play that game.

the expected value of game 2 = ($2,000 x 0.5) + (-$19,000 x 0.5) = $1,000 - $9,500 = -$8,500

on the contrary, since the expected value of game 2 is negative and the risk of losing a large amount is very high, very few people will be willing to play game 2 without being paid to do so.

8 0

3 years ago

Fancy Frappucinno purchased a coffee drink machine on January 1, 2018, for $ 39,000. Expected useful life is 10 years or 150,0

Brilliant_brown [7]

Answer:

Straight line depreciation expense:

2018 = $3,000

2019 = $3,000

Unit of activity deprecation expense

2018 = $800

2019= $3,000

Double declining method:

2018 = $7,800

2019 = $6,240

Explanation:

Straight line depreciation method = (Cost of asset - Salvage value) / useful life

($39,000 - $9,000) / 10 = $3,000

The straight line depreciation method allocates the same deprecation expense for each year of the useful life of the machine.

Thus, the depreciation expense in 2018 and 2019 is $3,000

Unit of activity depreciation method = (Total drinks sold in a year / total capacity of the machine ) × Cost of asset - Salvage value)

In 2018, deprecation expense =

(4,000 / 150,000 ) x $30,000 = $800

In 2019, deprecation expense =

(15,000 / 150,000 ) x $30,000 = $3,000

The double declining method =

Depreciation factor × cost of asset

Deprecation factor = 2 × (1/useful life)

2 × (1/10) = 0.2

Deprecation expense in 2018 = 0.2 × 39,000 = $7,800

Net book value = $39,000 - $7,800 = $31,200

Deprecation expense in 2019 = 0.2 × $31,200 = $6,240

I hope my answer helps you

6 0

4 years ago