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4 years ago

6

A _________ allows deposits and withdrawals; may require a minimum balance to keep the account open; earns interest; and may lim

it the number of times you can withdraw money.
a. regular savings account
b. money market account
c. certificate of deposit
d. checking account

1 answer:

Semenov [28]4 years ago

6 0

Regular savings account

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Crestfield leases office space. On January 3, the company incurs $23,000 to improve the leased office space. These improvements

Lisa [10]

Answer:

Amortization expense $11,500

To Accumulated Amortization- Leasehold improvements $11,500

(Being the expenses for the first year is recorded)

Explanation:

The journal entry is as follows

Amortization expense $11,500

To Accumulated Amortization- Leasehold improvements $11,500

(Being the expenses for the first year is recorded)

The computation is shown below:

= Incurred expenses ÷ remaining life

= $23,000 ÷ 2

= $11,500

While recording this transaction we debited the amortization expense as the expenses account is increased while at the same time the accumulated amortization should be credited as it decreased the value of the asset

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3 years ago

Developing the cash flow for each alternative in a study is a pivotal, and usually the most difficult, step in the engineering e

Volgvan

Answer:

The concept of equivalence, also known as economic equivalence, describes the reduction of a series of cash inflows (benefits) and cash outflows (costs) to a single point in time, using a single interest rate, which enables the cash flows to be compared or equated. This implies that while the amounts and timing of the cash flows (both inflows and outflows) may differ, an appropriate interest rate, factoring in the time value of money, will cause one set to be equal to the other. Therefore, to establish economic equivalence, series of cash flows that occur at different points in time must be equalized using a single interest rate through present value calculations.

Explanation:

The concept of equivalence describes a combination of a single interest rate and the idea of the time value of money. This combination helps to determine the different amounts of money at different points in time that are equal in economic value, such that a person would not hesitate to trade one for the other.

For example, if the interest rate is 10% in Year 1 and in Year 2 and you are to be paid $1,000 in Year 1, it will not make any difference to you if you are paid $1,100 in Year 2. This is because, given the prevailing interest rate of 10%, the value you receive in Year 1 and Year 2 are equivalent.

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3 years ago

A food warehouse store got a very good buy on a brand of frozen orange juice and, rather than maintain it as extra inventory, pr

choli [55]

Answer:

(d) Sales promotion

Explanation:

Sales promotion is one level or kind of showcasing pointed either at the buyer or at the dissemination channel.

It is utilized to present new item, get out inventories, pull in rush hour gridlock, and to lift deals incidentally.

It incorporate challenges, coupons, complimentary gifts, misfortune pioneers, purpose of procurement shows, premiums, prizes, item tests, and discounts. Deals advancements can be aimed at either the client, deals staff, or dissemination channel individuals

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3 years ago

Call Systems Company, a telephone service and supply company, has just completed its fourth year of operations. The direct write

shepuryov [24]

Answer:

Year Sales Written Off Accounts

Year of Origin

Uncollectible 1 2 3

1st $ 900,000 $4,500 $4,500

2nd 1,250,000 9,600 3,000 $6,600

3rd 1,500,000 12,800 1,000 3,700 $8,100

4th 2,200,000 16,550 1,500 4,300 $10,750

Year <u> Bad Debt Expense </u>

Expense Actually Expense Increase Balance of Allowance

Reported Estimated (Decrease) Account Year End

1) $4500 $ 9000 $4500 $ 4500

2) $ 9600 $12500 1900 $ 6400

3) $12800 15000 2200 $ 8600

4) 16550 22000 5450 14,050

Explanation:

The actual write off accounts originating in the years were

1) ( $ 4500+ $ 3000+ $ 1000+ $ 1500)= $ 9500

2) ( $ 6600+ 3700+ 4300) = $ 14600

3) ($ 8100+ $ 10,750)= $ 18,850.

Only the first year written off accounts are close to expense if it would have been calculated to 1% of sales ( 1% of $ 900,000) = $ 9000

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3 years ago

Steve is a salesperson for a large consumer products manufacturer. Steve has just taken over at new territory and is looking to

VladimirAG [237]

Answer:

The correct answer is letter "C": A strategic prospecting plan.

Explanation:

A strategic prospecting plan refers to the effort salespeople make when identifying and analyzing the market to spot new customers or to engage existing clients in the purchase of additional products offered by their firm. The idea of this approach is always reaching potential consumers faster than competitors.

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3 years ago