All categories

3 years ago

Which financial institution usually offers the higher interest rate on savings accounts?

Business

1 answer:

zaharov [31]3 years ago

4 0

Answer is credit union. in a credit union you are offered higher saving rates and lower loan rates. <span />

You might be interested in

Which of the following would be considered a physical contaminant?

Cloud [144]

Answer:

Packaging staple is the correct example of physical contamination.

Explanation:

Physical contamination generally occurs in food when any foreign objects mostly hard and sharp objects that may result in injuries like choking, dental damage, and sometimes even death. Here, the packaging staple is a physical contaminant.

Other types of contamination are biological contamination and chemical contamination that occurs due to biological and chemical activities. The virus in a hamburger is an example of biological contamination, whereas, sanitizer residue and ice on frozen fish are examples of chemical contamination.

3 0

3 years ago

According to the Census Bureau, in October 2016, the average house price in the United States was $27,358. 8 years earlier, the

yarga [219]

Answer:

Annual increase in price=3.3%

Explanation:

Using the cumulative average growth formula, we can compute the average annual increase as follows;

Average annual increase =( Recent price/Initial price)^1/(n-1)

Initial price =$27,358. 8

Recent price = $21,808

n=8

Average annual increase= (27,358. 8/21,808)^(1/(8-1))=3.3%

Annual increase in price

3 0

3 years ago

Assume General Motors has decided to build an assembly plant in St. Louis. The plant will employ 1,000 full-time workers at an a

garik1379 [7]

Answer:

$80 million

Explanation:

The total income received by the plant's employees during the year will be $40 million (= 1,000 employees x $40,000 per employee). Since their propensity to consume is 2/3, they the employees will spend $26.67 million and save $13.3 million.

The money multiplier can be calculated using the formula: money multiplier = 1 / (1 - MPC) = 1 / (1 - 0.67) = 1 / 0.33 = 3

To determine the total income effect in St. Louis we have to multiply the money spent times the money multiplier = $26.67 million x 3 = $80 million

5 0

3 years ago

Selecting a sample of paid notes and tracing interest to the general ledger account is a test of the PCAOB assertion for

Sphinxa [80]

Answer:

C.completeness

Explanation:

Occurrence means transactions and events that have been recorded or disclosed have occurred and relate to the entity.Existence means whether or not accounts balances and related disclosures related Assets, liabilities and equity interests exist in the financial statements.

Completeness means there are no unrecorded transactions, events and disclosures and all transactions that have occurred has been included in the general ledger/financial statements

Valuation or allocation means that assets, liabilities and equity interests are included in the financial statements at appropriate amounts and any resulting valuation or allocation adjustments are appropriately recorded and related disclosures have been appropriately measured and described.

In this question, interest on sample of paid notes have been traced to the general ledger account, to check that whether the interest on the selected sample has been included in the general ledger and financial statements.Thus the answer shall be C.completeness

3 0

4 years ago

You have been asked to review the December 31, 2021, balance sheet for Champion Cleaning. After completing your review, you list

yarga [219]

Answer:

Champion Cleaning

Appropriate Classifications:

Long-term assets:

Investment of $30,000

Current liabilities:

Short-term note payable $10,000

Short-term deferred revenue $40,000

Long-term liabilities:

Long-term note payable $90,000

Long-term deferred revenue $20,000

Explanation:

a) Data and Analysis:

Investment of $30,000 = long-term asset

Note payable:

Short-term note payable = $10,000 ($100,000/10)

Long-term note payable = $90,000 ($100,000/10 * 9)

Deferred Revenue:

Short-term deferred revenue = $40,000 ($60,000 * 2/3)

Long-term deferred revenue = $20,000 ($60,000 * 1/3)

5 0

3 years ago