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Llana [10]
3 years ago
14

Checkable deposits are classified as money because:

Business
1 answer:
worty [1.4K]3 years ago
8 0

Checkable deposits are classified as money because , They can be readily used in purchasing goods and paying debts.Choice( A)

Explanation:

Any demand deposit account against which, one can write a check or a draft is called checkable deposit. It is mainly used when a person has to withdraw money, at a short notice and he can do so, without giving any prior notice to the bank.

These deposits help in immediate access to cash. As these deposits are available easily , they are considered to be assets. .

Its an asset for the person who withdraws, as he can withdraw anytime without notice. It is a liability to the bank as the bank has to pay it, whenever the customer asks for it.

As these checkable deposits are easily available, they can be readily used in purchasing goods and paying debts.

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Over lunch, Daniela and Hassan are discussing their managers. Daniela describes her boss as extremely motivating. Work goals are
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Answer:

transformational leader

Explanation:

Based on the information provided within the question it can be said that Daniela's boss can be described as a transformational leader. This type of leadership style refers to leaders that work with their teams in order to identify and create a mental blueprint for change, as well as guide and inspire them to pursue and achieve this change. Which is what Daniela is saying about her boss as she describes him as motivating and inspiring.

8 0
2 years ago
All of the following are arguments against an explicit inflation targeting rule for monetary policy except:
White raven [17]

Answer:

C. An explicit target is easier to understand by households and firms which makes monetary policy more transparent.

Explanation:

Explicit inflation targeting is a monetary policy used by central banks to check inflation rate is under control for medium term. However, critics target this policy as they believe that instead central bank should have monetary policy for long term inflation control and economic growth for long term. Product price targeting or nominal income targeting would create more economic stability.

3 0
2 years ago
Wild company purchased an asset. Wild used the Modified Accelerated Cost Recovery System (MACRS) to depreciate the asset for tax
Lady_Fox [76]

Answer:

The correct answer is A.

All other things being equal, in the early years of the asset's life, the amount of income shown <u>on the tax return will be higher than  the amount of income shown on the income state.</u>

Here's why    

       

Explanation:

In the United States, the Modified Accelerated Cost Recovery System (MACRS) is a depreciation system used for tax purposes.

It allows the capitalized cost of an asset to be recovered over a specified period via annual deductions. The MACRS system puts fixed assets into classes that have set depreciation periods.

This depreciation system allows an asset to be depreciated faster in the first years of an asset's life and slows depreciation later on. This is beneficial to businesses from a tax perspective.

This is logical, the less the value of an assets, the less the property tax applicable to it and so the company increases it's bottom line in tax savings whiles maximizing the useful life of the asset.

Cheers!

4 0
2 years ago
Leah Hubert senses that her "favorite" product concept might be dismissed due to "inappropriate and unreasonable" financial anal
elena-s [515]

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A product champion is an individual who sees value in a good or service, and then creates and develops the good in a systematic fashion. The product champion tempts decision makers to invest, promote or sell the product.

The product champion is usually a

senior individual or executive of an organization who takes charge of developing the internal and external promotion of a particular good or service. In the above question, Leah is a product champion.

3 0
3 years ago
Discount-Mart (see Problem 16.8), as part of its new Lean program, has signed a long-term contract with Specialty Lighting and w
Katena32 [7]

Answer:

Please see attachment

Explanation:

Please see attachment

5 0
2 years ago
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