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LuckyWell [14K]
3 years ago
5

Why must a signature card be filled out and signed to open a checking account?

Business
1 answer:
Viefleur [7K]3 years ago
5 0
A signature card is a document that a bank keeps on file with the signatures of all the authorized people on that account. ... In other words, a signature card is a fraud prevention tool that a bank uses to make sure unauthorized people aren't forging checks in the company's name.
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In addition to the three basic financial statements, which of the following is also a required financial statement? O Statement
Vikki [24]

Answer:

Statement of Cash Flows.

Explanation:

The financial statement comprises of income statement, balance sheet, statement of stockholder equity and the statement of cash flows. It is explained below

In the income statement, the total revenues and the total expenses are recorded.  

If the total revenues are more than the total expenditure then the company earns net income

And, If the total revenues are less than the total expenditure then the company have a net loss

This net income or net loss would reflect in the statement of the retained earning account.

In the balance sheet, the assets, liabilities, and stockholder equity is recorded. In this the accounting equation is used which is shown below:  

Total assets = Total liabilities + stockholder equity  

The debit and credit side of the balance sheet should always be equal and balanced.  

Moreover, it always is prepared on the specified date.

The statement of stockholder's equity comprises common stock and retained earnings.  

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

And, the ending balance of the common stock = Beginning balance of common stock + issued shares

There are three types of activities in the cash flow statement which are described below:  

1. Operating activities: It includes those transactions which affect the working capital after net income. The increase in current assets and a decrease in current liabilities would be deducted whereas the decrease in current assets and an increase in current liabilities would be added.  

These changes in working capital would be adjusted. Moreover, the depreciation expense is added to the net income and the loss on sale of assets is added whereas the gain on sale of assets is deducted  

2. Investing activities: It records those activities which include purchase and sale of the long term assets. The purchase is an outflow of cash whereas sale is an inflow of cash

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance. The issue of shares is an inflow of cash whereas redemption and dividend is an outflow of cash.

6 0
3 years ago
The labor-force participation rate is? a. 47.1 percent. b. 50.2 percent. c. 65.9 percent. d. 70.2 percent.
il63 [147K]

The labor-force participation rate is 70.2 percent
therefore the correct option is D

What is Labor force?
The labor force is made up of both employed people and unemployed people, and the unemployment rate is calculated by dividing the number of jobless people by the total labor force. If a person works for compensation or runs their own business for at least an hour any day of the week, including the twelfth of the month, they are regarded to be employed. If a person works for compensation or runs their own business for at least an hour any day of the week, including the twelfth of the month, they are regarded to be employed. In a family-run firm, individuals who put in at least fifteen hours of unpaid work are also regarded as employees. Employed people include those who are temporarily away from their work due to a vacation, illness, inclement weather, or other personal reasons. Those who worked full-time (35 hours or more during the survey week) and those who worked part-time are both considered to be in the employed category.

To learn more about Labor Force
brainly.com/question/24939447

#SPJ4

Complete Question
The labor-force participation rate is? a. 47.1 percent. b. 50.2 percent. c. 65.9 percent. d. 70.2 percent, e. none of the above

4 0
2 years ago
A firm pursuing a best-cost provider strategy A. seeks to achieve the best costs by using the best operating practices and incor
Eduardwww [97]

Answer:

The correct answer is letter "D": seeks to deliver superior value to buyers by satisfying their expectations on key attributes and beating rivals in meeting customer expectations on price.

Explanation:

Best-cost provider is a strategy by which suppliers attempt to provide consumers with high-quality products using methods of production that reduce costs. By doing so, suppliers would give more value to the money of their customers while meeting their expectations on the product purchased at the same time.

As production costs are lower, suppliers would be generating a comparative advantage.

3 0
3 years ago
Moe is an average worker stuck on a team of complacent workers. Nick is an innovator who produces triple the amount of the avera
VLD [36.1K]

Answer:

Wyatt

Explanation:

High outcome interpendence is a concept that encourages cooperation between members on a team. It shows that if a team wins all members will benefit, and if the team fails all members will be adversely affected.

In this scenario Wyatt who is a slacker in the team of Nick will stand to gain more.

In a high outcome interpendence scenario Nick will be forced to improve on the performance of Wyatt in order to meet team objectives.

The other average workers will only gain a little from increased cooperation.

5 0
3 years ago
Select all parts that should be included in a resume.
Lady_Fox [76]

Answer:

Objective , contact information, work experience, education and training, education and training, name.

4 0
3 years ago
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