In this case, Charlie could benefit financially because <span>Charlie can earn interest on his original deposit.
One of the things that Bank used to attract saving from the people is by offering interest rates for the total saving amount. Which means, the amount of money that Charlie deposited in the bank will grow in value based on the the rates that appointed by the bank (minus the service charge)</span>
Answer:
The rate of return on this investment is 6.06%
Explanation:
Rate of return or holding period return is the rate of income earned during the period in which the investment is held. It includes any income in the form of interest received or dividend and price difference.
Interest received during 3 years = 1,000 x 6.5% x 3 = $195
Price difference = Current price - Initial Price = 1089.54 - 12,11.16 = -121.62
Rate of return = ( ( Income received + Price change ) / Initial price ) x 100
Rate of return = ( ( $195 + (-121.62) ) / 1211.16 ) x 100
Rate of return = ( $73.78 / $1,211.16 ) x 100
Rate of return = 0.0606
Rate of return = 6.06%
Holding period return is 6.06%
Answer:
September 1, 202x, petty cash fund established
Dr Petty cash fund 220
Cr Cash 220
September 10, 202x, petty cash expenses and replenishment of petty cash fund
Dr Postage expenses 78
Dr Supplies expenses 51
Dr Cash short and over 15
Cr Cash 144
September 15, 202x, petty cash fund is increased
Dr Petty cash fund 85
Cr cash 85
Answer:
1. Customer Satisfaction.
2. Quality of the Product.
3. Price.
4. Taste & Preferences.
5. Brand Image.
6. Brand Reputation.
7. Brand's Goodwill among the customers.
8. Word of Mouth Publicity given by Existing Customers.
Answer:
The correct answer is letter "C": Landscaping around the doctor's office.
Explanation:
Cost recovery is an accounting method by which the expenses incurred in an organization -for its own benefits- is tried to be recovered. Depreciation is taken into consideration in the process but the least possible so that the return is maximized.
In that sense, only the <em>landscaping of a doctor's office </em>can be considered as a beneficial asset for the business.