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3 years ago

Robert wants to get serious about saving for a new car. Which account would you recommend? Why?

Business

1 answer:

k0ka [10]3 years ago

8 0

Answer:

1) Money Market Savings Account

2) Online Savings Account

Explanation:

1) Money market accounts which are also known as money market savings or deposit accounts, are accounts that may give interest on a tier bases and may also give waivers on due fees if a customer is able to maintain a particular balance per month

Money market accounts are accounts that is better adapted for a customer that is able to maintain a substantial balance in their bank accounts and would like to be offered a higher interest than that which is given by a basic savings account

2) For Janelle, given that her savings duration are for a period of t months and the amount save is $550, the savings account with a high combined interest rate and flexibility is the online savings account, and given that her current online savings account earns 0.75%, which is high compared to average interest rate of online savings account, her online savings account is still her best option.

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The following T-account is a summary of the cash account of Kingbird Company. Cash (Summary Form) Balance, Jan. 1 7,200 Receipts

lisov135 [29]

Answer:

$264,600

Explanation:

The computation of net cash provided (used) by financing activities is shown below:-

Net cash inflow (Cash provided) by financing activities = Proceeds from bond issue - Dividend Paid

= $301,700 - $37,100

= $264,600

Therefore for computing the net cash provided (used) by financing activities we simply applied the above formula.

5 0

3 years ago

In latvia, only one six-lane highway exists, connecting riga, its capital, with moscow. otherwise, the roads are two lanes and m

zloy xaker [14]

The answer is infrastructure.

A country’s infrastructure is the basic physical and organizational structures and facitlities that it needs to operate. Roads are a key part of any country’s infrastructure.

6 0

3 years ago

Which of the following statements is true? Select one: a. In an annuity due payments occur at the end of the period. b. In an or

pashok25 [27]

Answer:

b. In an ordinary annuity payments occur at the end of the period

Explanation:

Why the other options are false:

A.- On annuity due, the payment occurs at the beginning of the period.

B.- The perpetuity will not mature. It will yield interest for an indefinite period of time

C.- The present present value of a perpetuity is calculate as follow:

cash inflow/ interest rate = perpetuity

On an ordinary annuity, the payment occur at the end of the period, which is correct.

5 0

2 years ago

A company had revenues of $54,000 and expenses of $43,250 for the accounting period. The company paid $5,950 cash in dividends t

ratelena [41]

Answer:B. Debit Income Summary $54,000; credit Revenues $54,000.

Explanation:

The following entries can be a closing entry

a)To record closing entry of revenue account

Account Debit Credit

Revenues $54,000

Income summary $54,000

b)To record closing entry of expense account

Income summary $43,250

Expenses $43,250

c)To record closing entry of income summary account

Income summary ( $54,000- $43,250) $10,750

Retained earnings $10,750

d) to record the closing entry of dividends account

Retained Earnings $5,950

Dividend $5,950

The entry that could not be a closing entry is B. Debit Income Summary $54,000; credit Revenues $54,000 because income summary account should be credited with the revenue amount of $54,000 as Revenue increases the income of every business.

7 0

3 years ago

Which best summarizes the data presented in this graphic? A) Over the past 6 years, zoned farming has outperformed zoned commerc

german

Answer:

d) over the past 6 years, zoned farming has remained consistent, zoned commercial has decreased, and zoned residential has increased.

Explanation:

I have attached the graph.

As seen on the graph, it is clear that "zone farming" has remained constant at 5% over the past 6 years (2002-2008). "Zone commercial," on the other hand, has decreased by 10% and "zoned residential" has increased by 10%.

So, this makes choice d as the answer.

6 0

2 years ago