Savings account has a limit of 6 withdrawals per month, while checking account does not, is s one downside of using a savings account instead of a checking account.
<h3>What is meant by
checking account?</h3>
Checking account is the regular account that facilitates the customer to deposits a withdrawal the money any time with no number of limit.
Checking accounts provides the limitless translation to the customer, and for this use businessman or businesswomen uses this account.
Thus, option B is correct.
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Answer:
vii) Which of the following best describes the company-related considerations (beyond software type) for the choice of a process methodology in a software project?
1. Company size and culture and geographic team distribution
2. Start-up vs established company
3. Software size
4. Risk-taking vs. bureaucracy
Explanation:
Answer: Resource and capability analysis
Explanation:
When the resources and capabilities of an organisation are analyzed, the organizational strategy becomes infallible over time.
The organisation is able to check all it’s capabilities and knowledge in order to enhance resource efficiency and effectiveness.
Answer:
C. Purchase of treasury stock
Explanation:
The purchase of treasury stock results in a change in the stockholder's equity and as such is recognized as a financing activity in the statement of cash flows.
For the other options, amortization expense is a non-cash item and is adjusted for in the net cash flows from operating activities.
Collection of notes receivable is a change in current assets hence it is reported under net cash flows from operating activities.
Sale of equipment is reported under net cash flows from investing activities.
Hence the right option is C. Purchase of treasury stock.
Answer:
Assets=48,000
Liabilities=47,700
Capital=300
More explanations is as attached.
Explanation:
The accounting equation can be expressed as shown;
A=L+C
where;
A=assets
L=liabilities
C=capital
This is then written as;
Assets=liabilities+capital
More explanations is as attached.
