<span>Certificate of deposit (CD). A certificate of deposit is an investment vehicle whereby an investor's money is able to earn a higher rate of interest than a regular account. In this type of investment, the funds are 'locked in' for a predetermined period, often with a guaranteed rate of return. Some institutions allow investments as low as $100 but it is recommended to buy CDs of over $100,000 to $250,000 as this is the minimum amount that is insurable thus making the principle safe.</span>
Answer:
The correct answer is a. is relationship-oriented.
Explanation:
This type of leadership takes people and their development in the work team into account. Collaborative and participative work is allowed within its functions, where the appreciations and comments of all people are considered and it is built based on experiences. Everyone has decision-making power, that is, they can carry out tasks in the way they feel best and have the power to support other areas without the need for the boss or leader to participate.
Answer:
Jan 1, 2018 Cash $185400
Premium on Bond Payable $5400
Bonds Payable $180000
( Issued bond at premium)
Explanation:
Bond is liability that required to be paid after certain period of time. The company issue bonds either on premium, par and discount. Micheal unlimited issue the bond on the premium that indicates that company will receive more amount on the issuance of bond compare to its par value. Therefore, The entry reflects the position cash company generate using the Premium method of accounting while premium will amortized over the period using the straight line amortization method.
Answer:
Explanation:
1. The computation of the ending retained earning balance is shown below:
The ending balance of retained earning = Beginning balance of retained earnings (+ net income /- net loss) - dividend paid
= $50,000 - $5,500 - $10,000
= $34,500
2. The Net income would be zero As the debit side total is $75,500 which indicates total expenses whereas the credit side would be revenues + loss = $70,000 + $5,500 = $75,500
3. The journal entry is shown below:
Income summary A/c Dr $5,500
To Retained earning $5,500
(Being the difference is credited to retained earning)