All categories

2 years ago

Which statement about deposits are true? Check all that apply

Business

2 answers:

valentinak56 [21]2 years ago

8 0

Answer:

a c e is the answer

Explanation:

i did it

LuckyWell [14K]2 years ago

5 0

The statements that are true about deposits is:

A. Deposits increase the checking account balance

C. Deposited money can be transferred electronically from one bank to another

E. You can deposit a greater amount than the balance in the account

D. You cannot make a deposit at a ATM. This is false because with an ATM you can make a deposit into an account. If you were using a credit card, there is no account to put money into, it just charges to a card you have to then pay off.

B. A deposit is money that is subtracted from a bank account. When you deposit money, you are adding money into a bank account. When you withdraw money you are subtracting money into a bank account. Because this question refers to subtracting from a bank account, this is false.

You might be interested in

During 2014 and 2015, Danny pays property taxes of $3,500 each year on a piece of land. During 2014, the land is vacant and unpr

motikmotik

Answer: the answer is C deduct $3500 each year.

Explanation: Whether the land is vacant and unproductive or it is used to generate income. The property tax for the land will be paid yearly

5 0

2 years ago

In a job order cost accounting system, when goods that have been ordered are received, the receiving department personnel count

antiseptic1488 [7]

Answer:

The correct answer is letter "A": receiving report.

Explanation:

A receiving report is the document in which the goods purchased and received from a supplier are recorded. The document contains the details of the supplier, the type, price, and quantity of the goods being exchanged, and the conditions of the items. It is useful to keep the inventory updated and to eliminate the pending job orders from the records.

6 0

3 years ago

Credit sales are recorded by crediting an accounts receivable.

Anna35 [415]

The answer to the sentence above is false based on the transaction above. Account Receiveable is an asset account which has "debit" as its natural balance. Recording credit sales will increase the account receivable balance and sales balance, thus an increase in account receivable balance occurs on the debit side.

8 0

3 years ago

Marko, Inc. is considering the purchase of ABC Co. Marko believes that ABC Co. can generate cash flows of $5,000, $9,000, and $1

nika2105 [10]

Answer:

$21,435.74

Explanation:

Marko will pay as much as the discounted present value of the cash flow:

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity $5,000.00

time 1.00

rate 0.14000

$\frac{5000}{(1 + 0.14)^{1} } = PV$

PV 4,385.9649

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity $9,000.00

time 2.00

rate 0.14000

$\frac{9000}{(1 + 0.14)^{2} } = PV$

PV 6,925.2078

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity $15,000.00

time 3.00

rate 0.14000

$\frac{15000}{(1 + 0.14)^{3} } = PV$

PV 10,124.5727

We add them together and get the total price for ABC Co

$\left[\begin{array}{ccc}#&Cashflow&Discounted\\&&\\1&5000&4385.96\\2&9000&6925.21\\3&15000&10124.57\\&total&21435.74\\\end{array}\right]$

8 0

3 years ago

Joanie is an engineer at an architectural firm. she is very proud of this fact and often defines herself in terms of her work to

Korvikt [17]

This is known as <u>"self-enhancement".</u>

Self-enhancement is when people tend to rate themselves better than expected, trust they have a superior than normal likelihood of progress, and ascribe their victories to individual inspiration or capacity while reprimanding the circumstance for their missteps.

Self-enhancement is a kind of inspiration that attempts to influence individuals to like themselves and to keep up confidence. This thought process turns out to be particularly unmistakable in circumstances of risk, disappointment or hits to one's confidence. Self-improvement includes an inclination for positive over negative self-sees.

5 0

3 years ago