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Which of the following is true? AChecks and Debit Cards both withdraw money directly from a bank account. BDebit Cards often hav

Tems11 [23]

A.Checks and Debit Cards both withdraw money directly from a bank account.

3 0

3 years ago

The range rule of thumb roughly estimates the standard deviation of a data set as _______.

goblinko [34]

Range is the measure of variation that is very sensitive to extreme values. It is the difference between high and low values, while standard deviation is the standard measure of variation.The range rule of thumb roughly estimates the standard deviation of a data set as s=range/4 , where s stands for standard deviation and
range = Maximum - Minimum

5 0

3 years ago

Discuss how a change in a product design could produce a change in the design of a planning and control system.

RUDIKE [14]

Product design is cross-functional, knowledge-intensive work that has become increasingly important in today's fast-paced, globally competitive environment. It is a key strategic activity in many firms because new products contribute significantly to sales revenue. When firms are able to develop distinctive products, they have opportunities to command premium pricing. Product design is a critical factor in organizational success because it sets the characteristics, features, and performance of the service or good that consumers demand. The objective of product design is to create a good or service with excellent functional utility and sales appeal at an acceptable cost and within a reasonable time. The product should be produced using high-quality, low-cost materials and methods. It should be produced on equipment that is or will be available when production begins. The resulting product should be competitive with or better than similar products on the market in terms of quality, appearance, performance, service life, and price.

6 0

3 years ago

Aggie Fitness began business in College Station, TX on June 1, 2018. At that time, the company collected $6,000 in advance payme

REY [17]

Answer:

b. $2,500, $3,500

Explanation:

Amount collected in advance will be recognized as a liability until the revenue is earned. Entries are posted between the cash account and deferred revenue account on collection of cash.

Given that he company collected $6,000 in advance payments from customers for 12-month gym memberships on June 1, 2018.

Debit Cash account $6,000

Credit Unearned revenue $6,000

After 7 months ( between 1 June and 31 December 2018),

Revenue earned = 7/12 × $6,000 = $3,500

On December 31, 2018,

Debit Unearned revenue $3,500

Credit Membership Revenue $3,500

Balance in unearned revenue accounts = $6,000 - $3,500 = $2,500

Balance in Membership revenue = $3,500

3 0

3 years ago

Explain the difference between a checking and a savings account

lianna [129]

Answer: Heyaa! :)

Saving Account

→ income not spent, or deferred consumption. Methods of saving include putting money aside in

Checking Account

Offers easy access to your money for your daily needs ←

The main difference between checking and savings accounts is that checking accounts actually used on the daily while savings accounts are primarily for saving money.

Hopefully this helps you !

- Matthew ~~

6 0

2 years ago