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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 />

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The newly formed nation remained financially solvent through the first decade of its existence (1790s). Choose ONE of the follow

tresset_1 [31]

Answer:

Establishment of the national bank

- Eventually issued paper money, handled tax receipts and other government funds.

Explanation:

The adoption of Hamilton's debt plan impacted financial solvency the most because in this plan Hamilton proposed to pay off the foreign debt and to issue new bonds to cover the old ones. He also proposed that the federal government would assume all state debt, giving creditors an incentive to support the new government and he proposed a National Bank.

7 0

3 years ago

The term given to units that represents the number of completed units that is equal, in terms of production inputs, to a given n

SIZIF [17.4K]

Answer:

The answer is EQUIVALENT UNITS (not included as an option).

Explanation:

Equivalent units are the complete units that could have been produced or manufactured during a period of time given the amount of manufacturing inputs (materials, labor) used.

For example, we have 100 nits that are 40% completed in relation to direct labor and direct materials, we could say that we have 40 equivalent units.

4 0

3 years ago

A trial balance consists of:Multiple ChoiceA two-column financial statement intended for distribution to interested parties outs

icang [17]

Answer:

A two-column schedule listing names and balances of all ledger accounts.

Explanation:

Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors.

Generally, financial statements are the formally written records of the business and financial activities of a business entity or organization.

There are four (4) main types of financial statements and these are;

1. Balance sheet: it contains financial information about assets, liability, and equity.

2. Cash flow statement: it contains financial information about operating, financial and investing activities.

3. Income statement: it contains financial information about the income and expenses of an organization.

4. Statement of changes in equity: it contains financial information about profits or loss, dividends, etc.

A trial balance consists of a two-column schedule listing names and balances of all ledger accounts.

5 0

3 years ago

In preparing its May 31, 2020 bank reconciliation, Sheffield Corp. has the following information available:

Tanya [424]

Answer:

c. $42900

Explanation:

Calculation to determine what the correct balance of cash at May 31, 2020 is

Using this formula

Correct balance of cash =Balance per bank statement, 5/31/20+Deposit in transit, 5/31/20-Outstanding checks, 5/31/20

Let plug in the formula

Correct balance of cash=$41000+5900-4000

Correct balance of cash= $42900

Therefore correct balance of cash at May 31, 2020 is:$42900

3 0

3 years ago

A project to build a new bridge seems to be going very well since the project is well ahead of schedule and costs seem to be run

tresset_1 [31]

Answer:

Schedule variance = $1,428,140

Schedule Performance Index (SPI) = 1.132

Cost Performance Index = 0.801

Explanation:

Planned Value = $1,414,000 + $10,494,000 + $8,494,000 * 53%

= $20,402,000 * 53%

= $10,813,060

Earned Value = $1,414,000 + $10,494,000 + $8,494,000 * 60%

= $20,402,000 * 60%

= $12,241,200

Schedule Variance = Earned value - Planned value

= $12,241,200 - $10,813,060

= $1,428,140

Schedule Performance Index (SPI)

= Earned value / Planned value

= $12,241,200 / $10,813,060

= 1.132

Actual Cost (AC)

= $1,294,000 + $8,994,000 + $4,994,000

= $15,282,000

Cost Performance Index (CPI)

= Earned value / Actual cost

= $12,241,200 / $15,282,000

= 0.801

3 0

4 years ago