Answer:
False
Explanation:
A certificate of Deposit or CD is a deposit made into a bank for a specific time. This deposit will earn a fixed interest rate that varies upon the days the deposit is made of. The rule is: Longer the days of the deposit, longer the interest rate paid.
Answer:
Due to organizational loyalty
Explanation:
In simple words, an individual who is committed to their work or organization will still work at his or her best if even if they are not very satisfied with the their current conditions. This is due to the loyalty that they develop over time. These strong feelings somehow force them to give their best and make them realize that this is not a permanent situation and things will change in future.
The information that a manager or an owner can get by having an insight into the accounting information about accounts receivable and bad debts is how much amount of goods are sold to the consumers on credit and how much is the amount that the consumers are not able to pay for the goods that they had bought.
It will also help to decide how much of a provision is required to be kept in advance for bad debts. If a company has a high amount of accounts receivable but a small number of bad debts then it shows that the company is efficient in doing the credit sales and gives goods on credit only to those consumers who can give the debt back.
The manager or the owner can decide that they can do more credit sales as there is less chance of it becoming worse. If a company has a high amount of accounts receivable and a high amount of bad debts then it shows that the company is inefficient in doing the credit sales and gives goods on credit to consumers without a surety of getting the debt back.
The manager or the owner can decide that they cannot do more credit sales as there is more chance of it becoming worse.
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Answer:
$38,230
Explanation:
To determine the cash balance per books for Kingbird, Inc., we can use the following formula:
cash balance per books = cash balance per bank + notes receivable collected by bank - bank service charge - NSF check
cash balance per books = $27,400 + $13,700 - $170 - $2,700 = $38,230
Answer: potentially higher income
newer equipment and facilities
Explanation:
First and foremost, we should note that a feature of a for-profit healthcare facility is that it is owned by the individual and not the government. Private citizens set up hospitals in order to generate profit.
The advantages of working for a for-profit healthcare facility are potentially higher income. This is due to the fact that it's for profit motive, hence, there's possibility of getting a higher income unlike working for the government. Also, newer equipment and facilities can be gotten as well.