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Arisa [49]
3 years ago
10

Jorge has $300 for work he performed. He expects to spend the money in the next few weeks to buy a new bike. Which type of accou

nt will be best for Jorge?
ACertificate of Deposit (CD)
BMoney Market Account
CSavings Account
DChecking Account
Business
1 answer:
salantis [7]3 years ago
4 0
The correct option is D.
Checking account is appropriate for Jorge in this situation because he plans to remove the money from his account in a few weeks time.
The major difference between saving account and checking account is that, saving account is majorly used to save and accumulate money for a medium or long time goals or for emergencies. The banks can count on the money staying in saving account for some time and a great part of it is not hold on reserve.
But a checking account is an instant access account. Money put in this account are usually hold in reserve by the banks because the owners can decided to withdraw at any time; banks can lend out money from checking accounts, so they make money on the accounts by charging fees.
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Governments that centralize their risk financing activities should account for this activity in which type of fund?
kari74 [83]

Answer:

The correct answer is letter "D": Either the General Fund or Internal Service Fund is acceptable.

Explanation:

The General Fund is used by the government to record all the inflows and outflows of the transactions related to daily use expenditures and long-term operations. The agency that provides the resources is the Department of Treasury through loans receivable.  

The Internal Service Fund record all transactions derived from the expenditures in the use of goods or services among government departments and agencies on a cost-reimbursement basis.

Thus, when reporting governmental financial activities, the can be recorded in the General Fund or the Internal Service Fund.

7 0
3 years ago
Mila is helping to set performance targets for her company, Urban Supply. The target of increasing the company's online customer
Masteriza [31]

Answer: True

Explanation:

The balanced scorecard perspective implies that the company has to satisfy their customer through the provision of quality products and services.

From the question, the target of increasing customers satisfaction is a good example of a performance target that is focused on customer's perspective of the balance scorecard. This means that the statement is true.

3 0
3 years ago
Compute the future value of $2,000 compounded annually for 20 years at 6 percent. (Do not round intermediate calculations and ro
Vinvika [58]

Answer:

A) FV= 6414.27

B) FV=2000*(1.09^15)= 7284.97

Explanation:

Giving the following information:

A) Present value=  $2,000

Compounded annually for 20 years at 6 percent.

n= 20

i=0.06

B) Present value= $2,000

Compounded annually for 15 years at 9 percent.

n=15

i= 0.09

To calculate the Final Value we need to use the following formula:

FV= Present value*(1+interest rate)^n

A) FV= 2000*(1.06^20)

FV= 6414.27

B) FV=2000*(1.09^15)= 7284.97

7 0
3 years ago
When moored to a dock, what should you do before casting off while you warm up the engine? A. Make sure everyone on board is wea
Dahasolnce [82]

Answer:

The answer will be A

Make sure everyone on board is wearing a life jacket.

Explanation:

Some work we should do before moored to dock:

  • Put your craft girded to the dock while the machine getting ready.
  • Test wind and current direction.
  • Make sure everyone is comfortable on board, wearing a life jacket.
  • Check that the engine is running properly and the area of departure is devoid of traffic.
  • Then get started casting off.

7 0
3 years ago
Swiss exports are concentrated, highs-density products (cheese, chocolates, watches) that minimize the need for importing bulky
Triss [41]

Answer:

A, mountain ranges increase transportation costs in and out of Switzerland and limit local resources.

Explanation:

The topography of Switzerland informed its exports decisions as Switzerland has a lot of mountain ranges (series of mountains or hills connecte d by high grounds). This mountain ranges has mad traspotation cost to increase for the high density goods that it produces. If Switzerland produced low density products, it would be very difficult to transport through the series of mountains and also the cost of transportation of such products will be exponential.

I hope this helps.

8 0
3 years ago
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