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matrenka [14]
4 years ago
11

Janelle likes to keep all her savings goals separate, so she has an account for each one, including an account to save for her c

ollege textbooks every semester. She buys books about every 6 months, with roughly $550 due each time. She likes to save the money up in installments, with auto-deposits from each of her twice monthly paychecks. She’s wondering if her online savings account, earning 0.75%, is still her best option for monthly deposits toward her textbooks. Which account would you recommend? Why?
Business
1 answer:
Alexxx [7]4 years ago
5 0

Answer:

Yea janelle like to keep all her savings good for her

Explanation:

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A company's old machine that cost $30,000 and had accumulated depreciation of $22,500 was traded in on a new machine of like pur
arsen [322]

Answer:

The machine will be recorded at 38,500

Explanation:

First we work the old machine numbers

<u>traded-out </u>

purchased        30,000

depreciation        (22,500)

book value          7, 500

fair value          5,500  (A)

loss on disposal  2, 000 (diference between book value and fair value)

(A) the invoice has a cost 38,500 we paid 33,000 cash so the value of the old machine on this trasaction was 5,500

The transaction has commercial substance so we recognize the new machine at his fair value and recognize the loss on dispossal

<u>This would be the journal entry :</u>

machine              38,500 the machine enter the accounting at fair value

acc dep                22,500

loss on disposal    2,000 we recognize the loss on disposal

    machine                          30,000

    cash                                 33,000

7 0
3 years ago
Trisha and Josh recently adopted a child, Julie. Before the adoption, Trisha, Josh, and Julie's biological parents worked out an
Shkiper50 [21]

Answer:

open adoption

Explanation:

Based on the information provided in regards to the situation at hand it seems that this case is an example of an open adoption. This type of adoption refers to when the birth parents make an agreement with the adopting parents to be able to see and get to know the child as he/she grows up. Which is exactly what is happening with Trish, Josh, and Julie's biological parents.

6 0
4 years ago
Your auto insurance policy has a $200 monthly premium and $700deductible. What is the maximum amount you will have to pay out-of
Evgen [1.6K]
Because you have a $700 deductible you'll have to pay that first out of your own pocket
4 0
3 years ago
Higher debt utilization ratios will always increase a firm's return on equity given a positive return on assets.
Nikitich [7]

Answer:

A. True

Explanation:

The debt utilization ratios is used to determine the comprehensive picture for the long term financial health of the company or the solvency of the company.

The debt ratio is defined as the financial ratio which shows the percentage of the assets of an organization which are provided through a debt. When the ratio is higher, the risk involved with the operation of the firm is more.

Thus, for a high debt utilization ratio, it will always increase the return of the organization on the equity for a positive return on the assets of the organization.

Thus, the answer is TRUE.

6 0
3 years ago
Match each term in column A with it’s definition in column B Column A 1. barter 2. money 3. currency 4. monetary unit 5. deposit
prohojiy [21]

Matching each monetary term in Colum A with its definition in Column B is as follows:

Column A                                      Column B

(Monetary Terms)                         (Definitions of the monetary terms)

1. Barter                                        f. the exchange of goods for goods.

2. Money                                   d. Anything generally excepted in

                                                       payment for goods and services.

3. Currency                                 e. Money that is easy to carry because it  

                                                       is paper.

4. Monetary unit                          b. The standard unit of value of a

                                                         country’s currency.

5. Depositor                                c. A person who places money in an

                                                    account in a bank for safety and earnings.

6. Bureau of the Mint                 h. An organization that manufactures the

                                                       US coins.

7. Electronic funds transfer (EFT)  a. The use of computers to receive and

                                                           make payments.

8. Federal Revenue System       g. An organization that regulates the

                                                        nation's banks and its money supply.

<h3>What is a monetary term?</h3>

A monetary term is a description of economic knowledge or activity involving the use of money.  

Examples of other monetary terms are:

  • Inflation
  • Price
  • Time value of money
  • Purchasing power
  • Profit
  • Wages.

Thus, the monetary terms have been <u>matched correctly</u> with their definitions.

Learn more about economic terms at brainly.com/question/3527735

6 0
2 years ago
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