Checking account makes one's money available when and where you need it while also keeping it safe.
Let first understand that Checking account is an account that facilitates easy withdrawal and deposit at any period of time while Saving account is an account used primarily for savings.
- Usually, a saving account does not allow withdrawal until maturity period, but the Checking account is opposite because its an account that is made ready for withdrawal of money therein.
In conclusion, a debit card are issued with the Checking account to ensure your money is available when and where you need it.
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Answer:
$ 315
Explanation:
Given that
Pure premium = $300
Insurance company charges = 5%
Thus,
Amount of insurance company changes = 300 × 5%
= 300 × 0.05
= $15
Therefore,
Total premium = pure premium + insurance company charges
= 300 + 15
= $ 315
Note that: Premium is simply the amount to be paid regularly to an insurance company for an insurance policy. It is the money paid periodically by the insured to the insurer.
Explanation:
The journal entry to record the estimated uncollectible accounts is shown below:
Bad debt expense Dr $7,500
To Allowance for uncollectible accounts $7,500
(Being the bad debt expense is recorded)
The computation is shown below:
= Estimated amount for uncollectible accounts - credit balance in allowance for uncollectible accounts
= $12,000 - $4,500
= $7,500
Answer:
a) Ownership rights cannot be easily transferred. - True
b) Ownership rights cannot be easily transferred. - False
c) Owners have unlimited liability for corporate debts. - False
d) Capital is more easily accumulated than with most other forms of organization. - True
e) Corporate income that is distributed to shareholders is usually taxed twice. - True
f) It is a separate legal entity. It has a limited life. - False
g) Owners are not agents of the corporation. - True
Explanation:
A corporation is an organization established by the issuance (and purchase) of shares. It is identified as a separate legal entity from the owners and the liabilities of the owners is limited to the amount invested (in form of shares or stock). Ownership rights can easily be transferred through various means. One of such means is the sale of shares or stock in the secondary market.
The company pays company income tax on income earned while the shareholders (owners) also paid tax on dividend income. It has an unlimited life and is expected to continue to perpetuity.
The board of directors, managers of the company are the agents of the corporation acting on behalf of the owners.
Answer:
Are you talking about schoolwork? Are you having extreme problems? Maybe he doesn't want to see you fail so he's trying to to help you. And although cheating isn't the right way to do it he probably wants to do whatever he can just to help you
Explanation:
