Answer:
<em>Regular savings account </em>
Explanation:
<em>One requires to commit small amounts of income each month on a regular savings account.</em>
In exchange for providing your savings provider a fixed level of income every month, they normally pay you a higher rate of return than, for instance, if you invest a lump sum in a cash ISA or easy access account.
However, the best regular savings rates also exceed the prices on the longer fixed-rate offers offered.
This type of account has rigorous terms of service that may cause you to lose your competitive rate if you fail to adhere to them.
Answer:
True
Explanation:
Business plan software have proven to be of little value in its application. This can be attributed to the fact that softwares are standardized and do not have the flexibility to stray from the provided templates. Also, business softwares restricts the user from personalizing his or her business plans according to his or her business environment or location. Finally, software designed to create business plans do not allow users to review their written works. All these contributed in making softwares designed to help create business plans difficult to apply in every business situation, thus diminishes its value.
Answer:
Accordingly, the change should be disclosed in notes to the financial statement of the current year.
Explanation:
A change in accounting principle occurs when there is change in a method adopted for measuring an accounting item. For example, change in depreciation method used. This change is usually apply prospectively i.e that is in effect of the future period. When this happen, it breaches the principle of consistency that accounting methods should remain same from period to period and distort comparison across period.
In order to curtail this, it is important to disclose to users of the financial statement that there is a change in accounting principle.And this disclosure should be made in the current period even if the change in accounting principle does not materially affect the current year figure.
Making this disclosure will enable the users to understand how the comparison will be made and reason for the change in accounting principle.
This is a kind of economic policy used to contest inflation which includes decreasing the money supply in order to raise the cost of borrowing which in order decreases GDP and reduces inflation. This leads to disinflation and creates the short-run Phillips curve move to the left. So the answer is A.
Answer:
equivalent unit of production for period in conversion cost is 42000 EU
Explanation:
Given data
during period P = 35000 units
ending work W = 14000 units
complete C% = 50%
to find out
equivalent units of production
solution
we know that 35000 units work is complete and transferred during period and
50% complete with ending work 14000 units
so that
Equivalence unit production is W x C% + P
= 14000 x 50% + 35000 = 42000
so equivalent unit of production for period in conversion cost is 42000 EU