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3 years ago

What is generally true about savings vehicle

2 answers:

5 0

<span>If you're likely to be dipping into some of that money to fix the house, take a vacation, or buy holiday presents, don't put too much into a long-term CD. Like savings, checking, and money market accounts, CDs are FDIC insured for up to $100,000

hope this helped XD ;)

</span>

Yuliya22 [10]3 years ago

4 0

I believe the answer is: <span>people should evaluate different forms of savings vehicles based on their needs

Saving vehicle refers to the type of bank that you use to keep your savings. Different banks would offer different programs and interest rates for their consumers. To obtain the most out of saving, you need to choose the bank which offer the most profitable programs for your financial situation.</span>

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On January 2, 2018, Baltimore Company purchased 14,000 shares of the stock of Towson Company at $13 per share. Baltimore obtaine

Norma-Jean [14]

Answer:

$315,600

Explanation:

Ownership = 40%

Investment = $182,000

Share of dividends = 40%*21,000 =8400

Share of income = 40%*75000 = 30000

Increase in share price = $21-$13= $8

investment

Dr Cr

Investment $182,000

Dividend received $8400

Income received $30,000

Increase in share price $112,000

324,000 315,600

5 0

3 years ago

Discuss 5 sources of government revenue in the economy

Marina86 [1]

The government may either sell goods or render services like train, city bus, electricity, transport, posts and telegraphs, water supply, etc. The government also earns revenue from the production of commodities like steel, oil, life-saving drugs, etc.

7 0

2 years ago

A ___________ is established when an individual confers legal title to property to another person or institution to manage the p

swat32

Answer:

personal trust

Explanation:

3 0

3 years ago

At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales $ 918,000 Credit sales 31

Over [174]

Answer:

The journal entries are as follows:

(a) 5% of credit sales,

Bad debts expense A/c Dr. $15,900

To Allowance for doubtful accounts $15,900

(To record the bad debt expense)

Workings:

Uncollectibles:

= 5% × Credit sales

= 5% × $318,000

= $15,900

(b) 3% of total sales,

Bad debts expense A/c Dr. $37,080

To Allowance for doubtful accounts $37,080

(To record the bad debt expense)

Workings:

Uncollectibles:

= 3% × Total sales

= 3% × ($318,000 + $918,000)

= $37,080

Bad debts expense A/c Dr. $18,240

To Allowance for doubtful accounts $18,240

(To record the bad debt expense)

Workings:

Uncollectibles:

= (8% × year end accounts receivables) + Allowance for doubtful accounts balance

= (8% × $143,000) + $6,800

= $18,240

4 0

3 years ago

Question 2

mojhsa [17]

Answer:

The answer is below

Explanation:

Probability distribution are statistical function that shows all the possible outcomes of a random variable within a given range of values.

a) The mean ( $\bar x$ ) of a probability distribution of a discrete random variable is:

$\bar x=\Sigma\ [xP(x)]$ = (0 * 0.8) + (1 * 0.15) + (2 * 0.04) + (3 * 0.01) = 0.26

b) The standard deviation (σ) of a probability distribution of a discrete random variable is:

$\sigma=\sqrt{ \Sigma\ [(x-\bar x)^2*P(x)]}\\\\\sigma=\sqrt{(0-0.26)^2*0.8+(1-0.26)^2*0.15+(2-0.26)^2*0.04+(3-0.26)^2*0.01} \\\\\sigma=0.577$

7 0

3 years ago