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3 years ago

List three factors to consider when choosing a financial institution

1 answer:

8 0

When you are considering a financial institution you should consider what type of accounts you want to have, how much money you have and if you want to invest. Different financial institutions offer different rates and benefits for their members so it makes sense to figure out your options based on what you want in return.

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John asked Ted why he failed to show up at the study group session. He found out that Ted had had a really tough day.

Kaylis [27]

The answer should be Perception-Checking

Perception checking is where you check someone's behavior, which is how John found out Ted was having a bad day. (based on Teds behavior)

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2 years ago

The following information pertains to Zion Company’s defined benefit pension plan:_______.

kobusy [5.1K]

Answer:

c. $45,000 liability

Explanation:

Fair Value of Plan Asset = Return on asset + employer contribution - Benefit paid

= $22,000 + $40,000 - $0

= $62,000

Projected Benefits Obligation = Service cost + interest cost

= $17,000 + $40,000

= $57,000

Pension asset / (liability) = Opening pension asset/ Liability + Plan asset - Projected Benefit Obligation - Amortization

= $2,000 + $62,000 - $57,000 - $52,000

= -$45,000

= $45000 Pension Liability

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2 years ago

Sarah exchanges a building and land (used in her business) for Tyler’s land and building and some equipment (used in his busines

oksano4ka [1.4K]

Answer

The answer and procedures of the exercise are attached in the following image.

Explanation

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.

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3 years ago

On March 1, Warwick’s Co., a women’s clothing store, purchased $72,900 of merchandise from a supplier on account, terms FOB dest

Fofino [41]

Answer and Explanation:

The Journal entries are shown below:-

1. Merchandise inventory Dr, $72,900

To Accounts payable $72,900

(Being purchase is recorded)

Here we debited the Merchandise inventory as assets is increasing and we credited the Accounts payable as liabilities is also increasing.

2. Accounts payable Dr, $8,036 ($8,200 - ($8,200 - 2%)

To Merchandise inventory $8,036

(Being merchandise return is recorded)

Here we debited the accounts payable as liabilities is decreasing and we credited the Merchandise inventory as assets is decreasing.

3. Accounts payable Dr, $64,864 ($72,900 - $8,036)

To Cash $64,864

(Being payment is recorded)

Here we debited the accounts payable as liabilities is decreasing and we credited the cash as assets is decreasing.

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2 years ago

Brenda, the sales manager of a firm, wants to generate a particular report containing sales analyses of the second and third qua

choli [55]

Query is the correct answer to the question

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2 years ago