All categories

4 years ago

Which is the best question for joe to ask himself when deciding whether to open a checking or savings account?

Business

1 answer:

zhannawk [14.2K]4 years ago

3 0

Answer:

He should ask himself how frequently he will use the deposits, and whether he wants to earn interest on those deposits or not.

Explanation:

Checking accounts are meant to be used frequently. The money deposited in them is not supposed to accumulate over time, but to deplete constantly before new deposits are made. This is why checking accounts do not earn interest over time.

Savings accounts on the other hand, are supposed to be used less frequently, and deposits should accumulate over time so that they earn an insterest payment.

You might be interested in

Imagine that two goods are available to you: servants (X) and robots (Y). You like servants three times as much as robots. If yo

Andrej [43]

Answer: 3

Explanation:

The marginal rate of substitution simply means the rate at which one good will be exchanged for another good based on the current market price.

Since you like servants three times as much as robots, this implies that the utility that one gets from one servant is exactly like the utility that will be gotten from three robots.

Therefore, the utility function will be:

U = 3X + Y

Then, the marginal rate of substitution will be:

= MUX/MUY

= 3

4 0

3 years ago

Pool Corporation, Inc., is the world's largest wholesale distributor of swimming pool supplies and equipment.

Ad libitum [116K]

The journal entries are shown below:

Bad debt expense A/c Dr $3,378

To Allowance for doubtful debts A/c $3,378

(Being bad debt expense is recorded)

Allowance for doubtful debts A/c Dr $4,510

To Account receivable A/c $4,510

(Being written off amount is recorded)

2. The computation of the net sales is shown below:

= Gross sales - sales discount - sales return - credit card fees

= $140,756 - $1,344 - $996 - $2,129

= $136.287

A journal entry is the act of preserving or making facts of any transactions either monetary or non-monetary. Transactions are indexed in an accounting magazine that shows a organization's debit and credit score balances. The magazine entry can include numerous recordings, every of which is both a debit or a credit.

A journal entry is used to record a commercial enterprise transaction in the accounting information of a commercial enterprise. A magazine entry is commonly recorded in the trendy ledger; as a substitute, it can be recorded in a subsidiary ledger that is then summarized and rolled ahead into the general ledger.

Learn more about journal entries here brainly.com/question/14279491

#SPJ4

6 0

2 years ago

Kodak possesses the leading imaging technology. This technology has allowed the company to differentiate its products from those

pav-90 [236]

Answer:

The correct option is C

Explanation:

Distinctive competency is the competency which is unique or differentiate to the business firm or organization. It is a competency superior in aspect rather than the competencies of other firms, that enables the production of the unique value proposition in the business function.

So, Kodak posses the technology of leading imaging and this technology allow the company to differentiate its products from rivals. Therefore, this technology of Kodak is distinctive competency.

7 0

3 years ago

A government began 2013 with a budget deficit and a trade deficit. During the year, the government changed its policy and is now

ddd [48]

Answer:

the exchange rate and the trade deficit to decrease.

Explanation:

A deficit can be defined as an amount by which money, falls short of its expected or required value.

Generally, deficit in financial accounting is usually as a result of expense exceeding revenue or revenue falling below expenses at a specific period of time.

For instance, when liabilities exceeds assets or import exceeds export there would be a deficit in the financial account.

Generally, a deficit on the current account ultimately implies that the value of goods and services exported is lower than the value of goods and services being imported in a particular country.

In 2013, government began with a budget deficit and a trade deficit. During the year, the government changed its policy and is now running a budget surplus.

Hence, this change in policy will cause the exchange rate and the trade deficit to decrease if all other factors hold constant

7 0

3 years ago

A customer sells short 100 shares of ABC at $35 and buys 1 ABC Jul 35 Call @ $3. The stock falls to $30 and the customer closes

LUCKY_DIMON [66]

Answer:

The answer is $300 gain.

Explanation:

Operations:

Short 100 shares of ABC at $35 each= 100 * 35 = + $3,500
Buy 1 ABC Jul 35 Call @ $3 (one call equals to 100 shares)= 100 * (3) = $(300), accumulated = + 3,500 - 300 = + 3,200
Closes the option contract at $1 = 100 * 1 = + $100, accumulated = + 3,200 + 100 = + 3,300
Buys the stock at the current market price (buys 100 stock @ $30 each)= 100 * (30) = $(3,000), accumulated = + 3,300 - 3,000 = + $300.

5 0

3 years ago