2. Safe and 3. Easy to buy
While savings bonds are tax exempt for state and local purposes, you will pay federal income tax when you redeem the savings bond (1. no taxes).
These savings bonds are safe because they are sums lent to the US government and protected and backed by their powers (2. safe). In addition, they are easy and convenient to buy because of the low minimums and the online purchase system on the Treasury website (3. easy to buy).
They are not matched deposits (4. matched deposits). While you may receive them as gifts, you cannot redeem these gifts for a number of years, making them non-fungible (5. Great as gifts). Finally, there is a myth that these are good for the United States government but really they are merely backed and protected by the United States government as a savings mechanism. Saving is good for the US economy but does not have a truly meaningful impact on the US government.
Answer:
bank statement 56,300
Checks outstanding (25,390)
Deposit in transit not recorded by bank<u> 13,325 </u>
Adjusted bank statement 44,235
Cash account 42,920
Bank debit memo for service charges (35)
check register error: <u> 1,350 </u>
Adjusted cash account 44,235
Explanation:
The procedure is to adjust for the unknow information and mistake of each party.
The bank is unaware of the check outstanding and deposit in transit
The company thanks to the banbk statement gets information about a mistake in his check register as it was posted for 1,500 when it should be 150.
Explanation:
We can define the sales mix as the proportion of products sold in a company. A calculation is made to establish the proportion of sales of a particular product and how profitable it is for a company. The calculation is performed according to the productive capacity of the company and the need of consumers for a given product.
By knowing the sales mix, you can determine the breakeven point, which corresponds to the point at which total cost and total revenue are equal.
When there is a change in the sales mix, it significantly affects the breakeven point because different products have different expenses, contribution margins, and selling price, so any change in the sales ratio of a given product will impact the breakeven point.
Answer:
Correct option is A
“The flow of dollars between sellers of jewelry and clothing and buyers of jewelry and clothing” is the correct option
Explanation
It is a curve which shows various combination for the amount of two goods among which they can be produced with in the given available resources. Thus, it shows that the maximum amount of output is produced with the help of given resource.
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