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Nonamiya [84]
3 years ago
5

Question 9

Business
1 answer:
irina1246 [14]3 years ago
8 0

Answer:

Easy access to funds through a debit card

Explanation:

A checking account is an account that individuals open at a bank or a financial institution to withdraw and deposit money.  It is also referred to as a demand account.  The salient feature with a checking account is that it is very liquid.  It permits users a quick way of accessing their money.

A checking account can be accessed using  ATMs, electronic cards, and checks. The checking account allows users to deposit and withdraw money multiple times without attracting charges.

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QUESTION 5 A and B are substitute goods, but A and C are complementary goods. If the cost of producing A decreases, then the dem
goldenfox [79]

Answer:

The correct answer is letter "D": B will decrease and the demand for C will increase.

Explanation:

Substitute goods are those whose quantity demanded are inversely proportional. It implies if the quantity demand for one product increases, the quantity demanded for its substitutes will decrease and vice versa.

Complementary goods' quantities demanded have a directly proportional direction. Thus, if the quantity demanded for one product increases, the quantity demanded for its complementary goods increase as well.

So, <em>the cost of producing good A will bring its prices down causing the quantity demanded for A to increase -demand law. Substitute good B will see its quantity demanded dwindled while complementary good C will see its quantity demanded increased.</em>

6 0
3 years ago
On January 1, Year 2, the Accounts Receivable balance was $32,200 and the balance in the Allowance for Doubtful Accounts was $4,
AlexFokin [52]

Answer:

$28,200

Explanation:

The computation of the net realizable value of account receivable is shown below:

As we know that

Net realizable value is

= Account receivable balance - balance in the Allowance for Doubtful Accounts

= $32,200 - $4,000

= $28,200

we simply deduct the allowance from the account receivable balance so that net realizable value could arrive

3 0
3 years ago
Blue ace autos inc. and ferdova autos inc. are two competing automobile companies. while blue ace autos' cost of goods sold/reve
Galina-37 [17]
Given:
Blue Ace Autos Inc: cost of goods sold / revenue = 63.4%
Ferdova Autos Inc.: cost of goods sold / revenue = 54.2%

The percentage rate represents the part of the revenue that the cost of goods sold is a part of. This means that the revenue is 100%. The difference of the revenue and cost of good sold is the profit. The higher the percentage of the profit, the better.

Blue Ace Autos Inc: 100% - 63.4% = 36.6%
Ferdova Autos Inc: 100% - 54.2% = 45.8%

Ferdova Autos Inc. earn a higher profit (45.8% of revenue) than Blue Ace Autos Inc (36.6% of revenue).
7 0
3 years ago
A corporation has a defined-benefit plan. A pension liability will result at the end of the year if the _______.
Charra [1.4K]

projected benefit obligation exceeds the fair value of the plan assets.

8 0
3 years ago
During the norming stage of team development, team members: try to establish a favorable role for themselves on the team. meet e
ExtremeBDS [4]
During the norming stage of team development, team members: begin to settle into their roles as team members.
6 0
3 years ago
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