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3 years ago

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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The automatic ticket machines at a railroad station are programmed to ask every 7th ticket buyer on a given day if they would bu

jeka94

Calculate the sample proportion (198 yes responses out of 316).
$\hat{p}= \frac{198}{316} =0.6266$

We want to test against a sample size of n = 2200 daily passengers.
In order to use the normal distribution, we should satisfy
$n \hat{p} \ge 10\,\, and\,\, n(1 - \hat{p}) \ge 10$
2200*0.6266 = 1378.5
2200*(1-0.6266) = 821.5
We may use the normal distribution.

Let us use a 95% confidence interval.
The estimate for the population proportion is
$p=\hat{p} \pm z^{*} \sqrt{ \frac{\hat{p}(1-\hat{p})}{n} }$
where z* = 1.96 at the 95% confidence level.

$1.96 \sqrt{ \frac{06266(1-0.6266)}{2200} } =0.0202$
Therefore
p = 0.6266 +/-0.0202 = (0.6064, 0.6468)

Answer:
At the 95% confidence level, about 60% to 64% of regular passengers will buy snacks on the train.

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3 years ago

Several years ago, Nicole Company issued bonds with a face value of $1,000,000 for $945,000. As a result of declining interest r

sergiy2304 [10]

Answer:

Record the retirement of bonds using discount account:

Retirement of bonds is the reimbursement of bonds. The equalization on the date of reimbursement will be paid-off including interest.

It is given that the presumptive worth of bonds is $1,000,000 and the present book estimation of bonds is $984,000. They will be recovered at 5% premium. It adds up to $50,000 ($1,000,000 x 5%). On the date of reimbursement, the bond guarantor needs to pay ($1,000,000 + $50,000 + $16,000 ($1,000,000 - $984,000)) to the investor. The overabundance measure of $66,000 ($50,000 + $16,000) paid ought to be perceived as misfortune on bond call.

To record the retirement of bonds, Following are the journal entries:

Debit: Bonds payable = 1,000,000

Debit: Loss on bond call = 66,000

Credit: Discount on bonds payable = 16,000

Credit: Cash [$1.000,000 x (1 + 0.05)] = 1,050,000

[To record the retirement of bonds.]

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3 years ago

Critically analyze the difference and points of convergence between floor inspection and functional inspection

r-ruslan [8.4K]

Answer:

Please refer to the below;

Explanation:

Difference between Floor inspection and Functional inspection.

• Floor inspection is usually conducted in a production environment. It involves checking of materials while processing in the machine by inspectors. Rather than checking the materials in the machine at the beginning of production, floor inspection checks the materials while in process inorder to ensure that the defected ones are quickly detected and expunged. It also ensure that the equipments used in processing are properly functioning.

• Functional inspection is an inspection that checks the overall function of a product rather than what makes up the component parts. For instance the load capacity and speed of a vehicle can be checked for optimal performance whereas individual parts that make up the vehicle are not checked, yet bring out satisfactory performance when combined together. This form of inspection is concerned with verification of final output and does not provide details about different sections instead provides a wider understanding of comfort that emanate from inspecting same item.

Points of Convergence between Floor inspection and Functional inspection.

• The key objective of both floor and functional inspection is quality output having reviewed and examined their expectations.

• Both floor and functional inspection work to prevent defective product from flowing down the successive operations and avoid loss to the company

• Both floor and functional inspection aim at meeting customers requirements, wants and needs.

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4 years ago

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Answer:

Yes?

Explanation:

is this a true or false question

if so I think yes but idk

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3 years ago

Joanna, a manager at TravelWorld, has set up a committee to develop procedures for dealing with company-wide training needs and

KengaRu [80]

Answer:

Organizing.

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