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3 years ago

What does it mean for a savings account to have a minimum balance?

Business

1 answer:

Fittoniya [83]3 years ago

5 0

Answer:

Explanation:

A savings account is an account owned by an individual at a bank. He keeps his money there, and earn interest at the end of the month for his savings.

A minimum balance is sometimes required by the banks for a savings account, customers are expected to keep such minimum balance always if not, the account will be closed down.

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Drag the tiles to the correct boxes to complete the pairs.

Alexxx [7]

Answer:

Explanation:

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Employee leasing and outsourcing → Recruitment

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Expanding certain departments ans closing down others → right sizing

Providing paid vacation time to employee → designing compensation package

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3 years ago

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In a business franchise, who develops the product and business systems?

vladimir2022 [97]

Answer:

It depends on the type of business franchise.

In a business format franchise, the franchise will provide the franchisee all of the necessary things for a product + business system like marketing assistance, machines, supplies, etc... An example of this would be a fast food restaurant or a retail store.

In a product distribution franchise, the work is all up to the franchisee. The franchise will provide the logo and the right to sell its product but leaves the rest of the work to the franchisee. An example of this would be a car dealership or a gas station.

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3 years ago

James is an auditory learner. what is the best way for him to process his notes

Ksivusya [100]

James learns through listening.

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3 years ago

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John Joos is the owner and operator of Way to Go LLC, a motivational consulting business. At the end of its accounting period, D

ivolga24 [154]

Answer:

a) December 31, 2013 Owner's equity = 508,000

b) December 31, 2014 Owner's equity = 420,000

Explanation:

Accounting Equation Formula: Owner's Equity = Assets - Liabilities

A) Way to Go LLC December 31, 2013

Owner's Equity = Assets – Liabilities

Owner's Equity = 669,000 – 161,000

Owner's Equity = 508,000

B) Way to Go LLC December 31, 2014

Owner's Equity = Assets – Liabilities

Owner's Equity = (669,000-127,000) – (161,000-39,000)

Owner's Equity = 420,000

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3 years ago