Answer:
1. A) Satisfying your day-to-day spending needs?
<u>Statement Savings account </u>
Bank statements will hep you keep track of the balance.
B) Making and holding funds for your car purchase?
<u>NOW Account.</u>
An account that earns interest yet allows the owner to write drafts against the money in the account. This would be good here as it will increase the funds you are saving for the car purchase.
C) Making and holding funds for your home purchase?
<u>NOW Account. </u>
NOW stands for Negotiable Order of Withdrawal account and would work here as well.
D) Making and holding funds for your retirement?
<u>Certificate of Deposit.</u>
These are offered by banks and earn a higher interest return. They however have to be locked up for a while without withdrawing so they are great for retirement saving.
2. Which of the following accounts is typically not insured?
<h2>
A. Mutual Funds.</h2>
Mutual funds are not financial deposits so will not be covered by the Federal Deposit Insurance Corporation (FDIC).
3. Which of the following practices would help you keep accurate records regarding the funds in your bank account?
- A. Keep track of your balance online.
- B. Immediately record the date and amount of each transaction in your check register and calculate the new balance.
4. You can avoid a service fee on an average-balance account if you:
- B. Keep a certain average daily balance in the account through a specified time
Answer:
False
Explanation:
The statement that says that in the context of project management, a task duration is always the same as the amount of work (effort) it takes to finish the task is false because the effort is the time a person needs to finish a task while the duration is the period of time that a person has to finish it. For example, an employee has a task that takes forty hours of work to finish it but he has a month to do it. In this case, the effort is forty hours but the task duration is one month.
The answer that best fits the blank above is HUMAN RELATIONS. The Hawthorne studies, as referred above, were done by Elton Mayo and Fritz Roethlisberger and the studies aim in <span>socio-psychological aspects of human behavior in the workplace or at any organization. As suggested above, human relations is created due to these studies.</span>
Answer:
binding arbitration
Explanation:
Both parties agree to be bound by the decision of the arbiter and follow the recommendations/obligations stipulated by the arbiter at the end of the process.
That bound of the two parties makes it a binding arbitration.
As opposed to a non-binding arbitration where the result cannot be enforced onto the parties, a bit like a mediation. The result is more like a discussion starting point towards a negotiation of the end of the conflict.
Answer:
Dr Impairment Loss $8,000
Cr Truck $8,000
Explanation:
Preparation of journal entry
Based on the information given we told that the new delivery truck cost the amount of $30,000 in which the company intend to sell the delivery truck for the amount of $2,000 after using it for 7 years and secondly we were told that in the 5th year of using the truck the truck was considered as illegal in which the company is expected to sell the truck later this year for the amount of $6,000 which means journal entry should be recorded as:
Dr Impairment Loss $8,000
Cr Truck $8,000
($6,000+$2,000)
