The best decision to allocate savings to a productive use is: C. Option B because the account will accumulate interest over time.
One of the benefit or advantage of a savings account is that it help to accumulate interest based on the amount that was deposited into the account.
With Savings account you can earn interest and can easily have access to you money incase of unforeseen circumstance or during rainy days.
Instead of depositing money into your checking account were you can likely earn low interest as savings account has higher interest rate, it is better to put your savings into productive use by saving your money into your saving account so as to accumulate interest over time.
Inconclusion the best decision to allocate savings to a productive use is: C. Option B because the account will accumulate interest over time.
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Every cooperative board of directors is charged with both protecting and utilizing the resources of the cooperative for its members. This simply stated prime directive is far from a simple task.
Balancing the needs of the member with the needs of the cooperative’s balance sheet is a tricky proposition at best. Establishing margins to cover actual costs along with additional net savings that will allow for future growth of services can be difficult, but past performance – together with reasonable expectations and realistic optimism – should drive financial projections.
With the help of the cooperative’s management, boards develop and approve business plans that will meet the organization’s goals. Most planning cycles are conducted annually, creating a budget that anticipates surpluses. New projects offering better services or products are financed along with long-term financing, either with new injections of capital or long-term borrowings. Unrealistic long-term financing projections can seriously interrupt the monthly and daily operations of a cooperative, therefore, understanding how current assets and liability affect the cash to cash cycle is a critical piece of knowledge that any board member needs. Current assets consist of cash, inventories and accounts receivable. Current liabilities include accounts payable for goods and services and the current portion of long or immediate term debt.
Answer:
d in my priview its right or wrong
