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Anit [1.1K]
3 years ago
13

Match each feature with the savings account type.

Business
2 answers:
Marysya12 [62]3 years ago
8 0

<u>1. Basic savings account  </u>

-allows ATM withdrawals  

-allows money transfer  

A savings account is an interest bearing deposit account held at a bank or other monetary foundation that gives an unassuming loan fee. The budgetary organizations may constrain the quantity of withdrawals you can make from your investment account every month. They additionally may charge expenses except if you keep up a specific normal month to month balance in the record. In most cases banks don't give checks investment accounts.  


<u>2. CD </u>

-offers a higher interest rate  

-has a maturity date


A certificate of deposit is a consent to store cash for a settled period with a bank that will pay you premium. You can contribute for three months, a half year, one year or five years. You will get a higher loan fee for the more drawn out time duty. You guarantee to leave all the cash, in addition to the enthusiasm, with the bank for the whole term.  

Basically, you are loaning the bank your cash as an end-result of premium. The CD is a promissory note that the bank issues you.

otez555 [7]3 years ago
7 0
 Cd                                                              Basic Savings <span>Account              
</span><span>
has a maturity date                                   </span>allows ATM withdrawals<span>    
</span><span> 
offers a higher interest rate                     </span><span>allows money transfers</span>
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The initial outlay for the project after depreciation is loss of $26,700.

<h3>What is  depreciation?</h3>

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2 years ago
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Command

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Less: Selling & administrative expense   $11,766

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Less: Interest expenses                             <u>$3,854</u>

Earnings before tax (EBT)                           $7,688

Less: Tax expenses  (7688*35%)               <u>$2,691</u>

Earnings after tax                                       <u>$4,997</u>

Operating cash flow = EBIT + Depreciation expenses - Tax expenses

Operating cash flow = $11,542 + $6,415 - $2,691

Operating cash flow = $15,266

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