Answer:
That statement is true
Explanation:
- Issued by money-centered financial firms,
- short- or medium-term insured debt instruments pay higher interest than a regular savings account.
Those are the characteristics of Certificate of deposit
The certificate of deposit that issued by a bank is protected by Federal Deposit Insurance Corporation. This means that you guaranteed the return of your investment.
As the risk of investment becomes lower, the amount of profit tend to also become lower along with it. This happens to all forms of investment.
On average, the amount of profit you can get from an investment through certificate of Deposit is only around 2% per year,
Answer:
B. Debit Loss $5,000.
Explanation:
depreciation per year under straigh-line method:
depreciation per year: 20,000
book value at 2019 year-end:
140,000 - 20,000 x 2 = 100,000
disposal value: 95,000
loss for 5,000
loss at diposal: 5,000 debit
cash 95,000 debit
accumulated depreciation 40,000 debit
truck 140,000 credit
Answer:
Feedback
Explanation:
Feedback is the response you get from the customers.
There are different types of banks according to their classification. There are seven major type of banks that exist including retail, corporate, commercial, exchange, industry, cooperative and central.
Explanation:
1. A bank that specializes in retail or consumer banking in a local market.
Commercial Bank
This type of bank is based on shoort term credit and ease of withdrawal.
II. A bank that engages in a complete array of wholesale commercial banking activities and usually also provides retail banking services.
Industrial banks
These banks have large capitals that they invest in commercial activities.
III. A bank that is located in a financial center and relies on nondeposit or borrowed sources of funds for a significant portion of its liabilities.
Central Bank
these banks are often regulated and controlled by the government of the country.
The total relevant cost per unit if starters are purchased from an outside supplier would include the contract price or the amount you would have to pay for the purchase and the freight of the product purchased. The total cost would include these two and dividing this total cost with the number of units purchased would yield to the relevant cost per unit.
