Certificates of deposit exist as funds that the bank keeps on hand that exists not loaned out or invested in bonds.
<h3>What are certificates of deposits?</h3>
Unsecured negotiable promissory notes, or certificates of deposit (CDs), are frequently issued by commercial banks and other financial organizations.
A certificate of deposit (CD) is a type of savings account where the issuing bank pays interest in exchange for holding a specified sum of money for a predetermined length of time, such as six months, a year, or five years. You will receive the amount you initially invested plus any interest when you cash in or redeem your CD.
Bonds and certificates of deposit (CDs) are comparable but not the same. Both of these securities are fixed-income investments that the holder keeps until the due dates. Investors invest money in bonds or CDs for a predetermined amount of time, and when that time expires, they receive their money back.
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Answer:
The options for this question are:
a. dominance
b. synergy
c. anarchy
d. compromise
The correct answer is b. synergy.
Explanation:
usiness synergy is an interesting concept if we use it in the business world, since we find the possibility of growth and improvement. Remember! The whole is more than the sum of its parts and achieves the best business strategy.
In an altruistic way it is also possible to obtain a benefit or even establish a new professional relationship in order to obtain more work and promotion that otherwise would not have been obtained.
Explanation:
The adjusting entry is shown below:
On December 31
Salaries expense A/c $132
To Salaries payable A/c $132
(Being salary is adjusted)
The salaries expense is computed by
= Total five days × number of days ÷ total number of days
= $330 × (2 ÷ 5)
= $132
The two days includes Monday and Tuesday so we considered only 2 days out of 5 days
Answer:
Special revenue fund.
Explanation:
A special revenue fund is a government account created to collect money that is used for an specific purpose or project. The money collected by this type of account can only be used for the specific purpose for which it was established.
In this case, the revenue collected from the gasoline tax can only be used for highway construction and maintenance.
