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3 years ago

Money market deposit accounts are a type of checking and investment account. True or False?

Business

2 answers:

liraira [26]3 years ago

3 0

Answer:

True

Explanation:

Money Market Deposit Accounts (MMDA) are a type of checking accounts with some investment’s characteristics. They have higher interest rates than regular passbook savings accounts and offer a few types of check writing and debit card transactions, with restriction (will depend on the bank or credit union rules). In that way, they can be seen as an investment account, has it has interest rates benefits over regular accounts and also as a checking account due to debit card and check writing uses.

gtnhenbr [62]3 years ago

3 0

its true, hes right. took the test

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City councilwoman has proposed amending the living wage law. she suggests reducing the minimum wage to $6 per hour. assuming th

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0 thousands of the people would be unemployed at a $6 minimum wage. It is because at a wage of $6 per hour which is the minimum wage per hour <span>the quantity demanded of workers is higher than the quantity supplied of workers. The quantity demanded of the workers will be high than the quantity supplied of the workers.</span>

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3 years ago

On January 1, Whispering Winds Corp. had 62,600 shares of no-par common stock issued and outstanding. The stock has a stated val

Elenna [48]

Answer:

Explanation:

The journal entries are shown below:

1. Cash Dividend A/c Dr $122,838 (62,600 + 16,650) × $1.55

To Dividend payable A/c $122,838

(Being the dividend is declared)

2. Dividend payable A/c $122,838

To Cash A/c $122,838

(Being the dividend is paid)

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4 years ago

Use the following information to determine this company's cash flows from financing activities.a. Net income was $466,000. b. Is

Leni [432]

Answer:

The answer is ($174,000)

Explanation:

Cash flows from financing activities show the inflow and outflow of cash that are used to fund the business's operations.

Cash flow from financing activities:

Issuance of common stock......................................$79,000

Payment of dividend........($13,000)

Settlement of notes payable.................................($125,000)

Payment for treasury stock.........…...........................................($115,000)

Net cash from financing activities...............................($174,000)

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3 years ago

Does reading the abstract of an article give you enough information about its contents?

ANEK [815]

It is true that reading the abstract of an article give you enough information about its contents. The abstract is the summary of the article that describes the content of the article, the scope, <span>objective,methodology and findings, and finally conclusions</span>. Abstracts are useful for initially evaluating a resource's usefulness.

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3 years ago

You want to evaluate three mutual funds using the information ratio measure for performance evaluation. The risk-free return dur

nataly862011 [7]

Answer:

The fund with the highest information ratio measure is Fund B.

Explanation:

From the information provided:

Definition: The information ratio measures and compares the active return of an investment compared to a benchmark index relative to the volatility of the active return.

Formula: RETURN ON THE MARKET PORTFOLIO / STANDARD DEVIATION

Let's use this formula to calculate for Fund A, Fund B and Fund C.

Fund A : (20 - 6 - 0.8) ( 19 - 6 ) / 4 = 0.9

Fund B : (21 - 6 - 1 ( 13 ) / 1.25 = 1.6

Fund C : (23 - 6 - 1.2) ( 13 ) / 1.2 = 1.167

Therefore, The fund with the highest information ratio measure is Fund B.

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4 years ago