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jolli1 [7]
3 years ago
5

Match each feature with the savings account type.

Business
2 answers:
Shalnov [3]3 years ago
8 0

Answer

Basic Saving account

• Allows for ATM withdrawals

• Allows for money transfer

A Certificate of Deposit (CD)

• It offers a higher interest rate

• It has a maturity date

Explanation

The common features of saving accounts are; presence of interest rate for the savings, inclusion of bonus incentives, they contain promotional interest rates, they require minimum opening deposit, they require monthly deposits, they allow frequent withdrawals, they have ATM facility, allow for automatic salary deposit and can facilitate the linking of accounts.

A certificate of deposit(CD) is a low risk debt instrument obtained via a commercial bank, loan institutions or a saving bank.CD are advantageous because they have excellent short-to-medium term investment, offer higher rates of return than traditional money market accounts and investments are locked in at a specific rate even when rates of interest is increased.


gayaneshka [121]3 years ago
6 0
Basic savings account
-allows ATM withdrawals
-allows money transfer

CD
-offers a higher interest rate
-has a maturity date

Hope this helps!!
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Company had net income of $265,307. Depreciation expense is $27,888. During the year, Accounts Receivable and Inventory increase
Dafna1 [17]

option D is the correct answer - $254094

<u>Explanation:</u>

<u>As per the given data in the question, the following is used to calculate the net cash from the operating activities. </u>

<u>Net Income = 265307 </u>

Add : Depreciation = 27888

Less Increase in Account receivable = (17637)

Less Increase in Closing stock = ($28123)

Add : Prepaid Expenses ( Decrease) = 2852

Less: Decrease in Accounts payable = (4066)

Add: Loss on sale of Asset ( not Operating in nature) = 7873

Therefore, the Net cash from operating activities = $254094

3 0
3 years ago
Tracing a test count to the inventory compilations provides evidence for which asb balance assertion?
Alika [10]

The additional expenses required in order to avoid keeping currency during periods of inflation are known as shoe leather costs.

<h3>What do you know about holding cash?</h3>

The reasons for keeping cash are pretty straightforward. Cash inflows and outflows may balance each other out, or the outflows occasionally exceed the inflows. Hence, to cover up these eventualities, organizations hold cash to meet certain unpredictable situations.

The term "transaction motive" refers to the need for cash that a business has for ongoing operations. In general, the business needs cash to pay employees' salaries, rent, pay for labor, acquire items, and other expenses. On the receiving side, the business receives money from customers, debtors, and other sources. The inflows and outflows do not always coincide. As a result, the company keeps some cash on hand to fill this shortfall.

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8 0
2 years ago
According to the integrationist view of managing conflict, conflict is: a natural part of human existence and should be accepted
zloy xaker [14]

Answer:

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Explanation:

Integrationist view of managing conflict is a recent view which views conflict as inevitable in an organization or in a setting. According to this view, handling conflict the right way when they arise should be the focus. Conflicts, when handled properly would brings growth and progress in an organization, and would lead to openness and creativity.

According to the integrationist view, an organization where there is absence of conflict would most likely be a stagnant organization that is not responsive to needed change that would foster positive change and development.

Conflict is good when manage well in a constructive way, while maintaining differences in an organization.

3 0
3 years ago
Fortune Drilling Company acquires a mineral deposit at a cost of $5,900,000. It incurs additional costs of $600,000 to access th
IgorC [24]

Answer and Explanation:

the journal entry is given below:

Depletion Expense $1,358,500

         To Accumulated Depletion $1,358,500.

(Being depletion expense is recorded)

Here the depletion expense is debited as it increased the expense and credited the accumulated depreciation as it decreased the assets

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Depletion expense is

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4 0
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