<h2>There are many good reason and I am listing few.</h2>
Explanation:
- Pay bills online
- Track the payment. When you pay someone, check provides a paper trail
- This is better than paying by card since it avoids theft
- It is better than even paying by cash because you are having a trail of it.
- It is less expensive than money order
- Serves as proof for filing taxes
- You can even get debit card by opening a checking account
- There are no transaction limits
- Paying by check is safer than paying by cash
When an interest-bearing note comes due and is uncollectible, the journal entry includes debiting Accounts Receivable and crediting Notes Receivable and Interest Revenue.
Accounts receivable is money that is owed to a company by its debtors. The notes receivable is an account on the balance sheet that is included as an asset if the life of the item is less than a year old. Interest revenue is the earnings that a person or company makes off the investments that they are invested in - the interest that is saved and kept, revenue.
Answer:
$650
Explanation:
Guaranteed Residual Value = FV = $1,000
Interest rate = r = 9% = 0.09
Number of years = n = 5 years
Using Following formula we can calculate today's worth of the engine.
Residual value after 5 years = Today's value x ( 1 + rate of interest )^number of years
FV = PV x ( 1 + r )^n
$1,000 = PV x ( 1 + 0.09 )^5
PV = $1,000 / ( 1.09 )^5
PV = $649.93
PV = $650 (rounded off to the nearest whole number)
A savings account that pays interest every month is said to have a quarterly interest period.
Answer:
- government contracting
- advocacy
- entrepreneurial development
- access to capital
Explanation:
SBA is a US government agency whose core mandate is to support the growth of small businesses. The Small Business Association(SBA), promotes economic growth by providing useful resources and information to help them start and develop small businesses.
The SBA supports the advancement of small businesses in the following ways.
- Education and training,
- Providing information and links to affordable credit
- Connecting to government contracts
- Offering business advise
