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irinina [24]
3 years ago
7

6. Accessing funds in time deposit accounts is

Business
1 answer:
Sphinxa [80]3 years ago
6 0

Answer:

B. forbidden.

Explanation:

A time deposit account is a special saving account that specifies the maturity date of deposits made. The accounts earns a higher interest than a regular savings account. The funds in a deposit account are expected to remain in the bank until maturity.

Withdrawing  from a time account before maturity is not allowed. Should a customer demands to withdraw before maturity, he or she is penalized. The penalty may be to pay a fee to the bank or to forfeit interest earned.

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Describe at least four factors that affect the demand for a particular commodity.
MrMuchimi

Answer with Explanation:

There are so many factors affecting the demand for a particular commodity. Four of these are: the price of the complements, the income of buyers, changes in trend and advertisements.

1. The price of the complements - Some commodities are complementary with each other, just like cars and gas. If the <em>price of cars decreases</em>, then many people will purchase their own cars, which also follows that <em>the demand for gas will increase.</em>

2. The income of buyers - If the income of a person increases, then he will most likely purchase a particular commodity because he can afford it and has an extra money to purchase goods.

3. Changes in trend - Many people purchase goods because they're on trend. For example, if flare pants are fashionable this year, then the demand for it will increase. Once they're no longer on trend, the demand will drop.

4. Advertisements - The more advertisements a company spends on, the more likely buyers will purchase a specific commodity.

5 0
3 years ago
What motivates most entrepreneurs to go into business for themselves? A. Guaranteed health care B. Full liability C. A higher sa
luda_lava [24]
It would be D. The potential for profit
6 0
3 years ago
Read 2 more answers
Partially completed goods that are in the process of being converted into a finish product are defined as Select one: A. convers
fomenos

Answer:

B. work-in-process inventories.

Explanation:

Partially completed goods that are in the process of being converted into a finish product are defined as work-in-process inventories.

Generally, the work-in-process inventories include the following raw materials cost, direct labor cost and factory overhead cost.

These category of products are only partially completed and as such are waiting for further processing, still undergoing fabrication or kept in a buffer storage.

4 0
3 years ago
A company announces to employees that it will no longer offer a bonus to employees who meet monthly sales quotas. What effect is
il63 [147K]

Answer: In my opinion, it's most likely C

Explanation: they won't be as motivated to hit the sales quota because the bonus is no longer available

5 0
1 year ago
You have a credit card balance of $53.00 from the previous month. You have $172.45 in new purchases and you made a payment of $5
Misha Larkins [42]

Answer:

$50

Explanation:

As per previous balance method the Interest is charged based on the opening balance of the Credit Card.

As $50 was the balance from previous month and opening balance for this month, Hence $50 would be the amount we would use to calculate the interest for this month.

5 0
3 years ago
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