The uniqueness of a certificate of deposit compared to a time deposit is the financial penalty.
<h3>What is the financial penalty?</h3>
A financial penalty means the obligation to pay a sum of money on conviction of a criminal or administrative offense, including orders made in criminal proceedings to pay compensation for the benefit of victims of crime, financial penalties are the obligation to pay a sum of money upon conviction of a criminal or administrative offense. A sum of money is demanded as restitution for violating the law or, occasionally, a contract's conditions. and orders to pay sums in respect of the costs of a court or administrative proceedings. Payment is required as a result of breaking the law or sometimes for breaching the terms of a contract.
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Answer:
1 and 2
Explanation:
Gross profit is earning a business makes from its normal operation before considering operating expenses. It is calculated by subtracting direct costs from the revenues. Direct costs are the expenses incurred in acquiring the goods and services sold to customers. Revenue from normal business operations is the income from the sale of goods and services, and other business-related activities.
For Franco and Giada, they should not include items 1 and 2 in gross profits.
- Item 1 is money inherited. It is income but not from the business operations.
- Item 2 is a loan a bank loan. Loans are not considered in the income statement but are featured in the balance sheet.
Items 3 and 4 will be featured in the gross profit calculation. Item 3 is an income from a sale, while item 4 is a miscellaneous income from a loan issued out.
Business formation is also known as: a business attraction
Answer:
$165,000
Explanation:
The computation of the reported amount for Allowance for Doubtful Accounts is shown below:
= Young accounts × uncollectible percentage + old accounts balance × uncollectible percentage
= $100,000 × 5% + $400,000 × 40%
= $5,000 + $160,000
= $165,000
We simply added the young accounts and old account balance after considering the uncollected percentage
Answer:
The part of economics concerned with single
factors and the effects of individual decisions.
Explanation:
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