Answer:
The correct answer is letter "D": 2%.
Explanation:
In 2019, the highest Average Percentage Yield (<em>APY</em>) banks offered in a <em>traditional savings account</em> was 0,01%. The situation is unlikely to change exponentially for 2020. However, the best option is choosing an <em>online savings account </em>since they are offering an APY of up to 2% (<em>HSBC</em>).
Answer:
The correct answer is letter "A": Investing decisions (Yes); Credit decisions (Yes).
Explanation:
Financial Accounting refers to gathering, recording, summarizing and reporting financial data related to a company. The ultimate objective is to accurately report the financial picture and results of a company at a certain point in time and over a certain point in time.
<em>The information gathered is helpful for investors so they can make decisions over what course the firm should follow moreover when a company might need credit to finance its operations.</em>
Answer:
b. 65,000 units
Explanation:
The computation of the budgeted production in April month is shown below:
= Sale units + ending inventory units - beginning inventory units
where,
Sale units is 60,000 units
Ending inventory units = 75,000 units × 40% = 30,000 units
Beginning inventory units = 25,000 units
Now put these units to the above formula
So, the units would equal to
= 60,000 units + 30,000 units - 25,000 units
= 65,000 units
Answer:
Store of value.
Unit of account.
Medium of exchange.
Explanation:
Store of value is an asset that can be restored and then traded with other things. When the assest is redeemed it is expected to be of great value. Also a store of value is anything that holds purchasing power in the future.
Unit of account is one of the primary functions of money. Also defined as the unit by which value of a thing is accounted and compared.
Medium of exchange occurs when there is any transaction between buyers and sellers.
Answer: $45 million
Explanation:
Cash Contributions during the year can be calculated by;
= Ending Plan assets + Retiree benefits - Opening plan assets - Actual return
Actual return
= Actual return on plan assets * Opening plan assets
= 13% * 500
= 65
Cash contributions = 530 + 80 - 500 - 65
= $45 million
