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hichkok12 [17]
3 years ago
15

John needs $3,000. He is withdrawing the money today from a $3,000 certificate of deposit (CD) which will reach maturity in six

months. It is likely that he will have to
Business
1 answer:
PSYCHO15rus [73]3 years ago
8 0

Answer:

pay the bank an early withdrawal penalty.

Explanation:

Depending on the bank, now long was the original CD and the amount of money, the penalties may a include a certain percentage of the total amount, not earn any interest, or some other type of fee.

Banks do this to encourage depositors to leave the money the longest possible time in the bank. Sometimes banks will give their clients a small bonus interest for renewing CDs.

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If a nation is going to achieve and sustain a high rate of economic growth, it must
Marina86 [1]

Answer:

I think the answer is 3.

Explanation:

For a high economy, a nation must have wealth (well there are other factors too) and for wealth it must have a mechanism for attracting savings and channeling the for money and slowly slowly the economy will start growing.

5 0
4 years ago
Ironwood company had assets of $248,000 and liabilities of $160,000. during 2022, assets increased $28,000 and liabilities incre
Reptile [31]

$340,000. stockholders' equity on December 31, 2022

$280,000 + ($375,000 - $285,000) - $30,000 = $340,000

Total Assets = Penalties + Owner's Equity

<h3>How to Calculate Current Liabilities. </h3>

The equation must counteract because everything the firm owns must be purchased from debt (liabilities) and assets (Owner or stockholders equity). The owner's equity is computed by adding up all of the business assets and removing all of its liabilities.

To calculate current liabilities, you ought to add together all the money you owe lenders within the next year (within 12 months or less). Current liabilities contain current payments on long-term loans (like mortgages) and client deposits.

To learn more about  Current Liabilities visit the link

brainly.com/question/13076734

#SPJ4

4 0
2 years ago
Explaun how poverty can be a challenge to social responsibility
horrorfan [7]
Because you have to put more time effort and mony into your social responsibility

(It's explain)
5 0
4 years ago
New careers emerge in response to which of the following?
Alchen [17]

Answer:

All of the above! Have a nice weekend!

Explanation:

7 0
4 years ago
$300 utilities bill and immediately paid it. general journal entry to record this transaction will include a:
Sedaia [141]

Answer:

E. Debit to Utilities Expense for $300.

Explanation:

The journal entry to record the given transaction is shown below

Utilities expense Dr $300

           To cash $300

(Being cash paid is recorded)

For recording this we debited the utilities expense and credited the cash as it increased the expenses and decreased the assets in order to posting it correctly

Therefore it would be debited to utilities expense

7 0
4 years ago
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