Certificates of deposit that require the depositor to commit to leaving their funds in the bank for a certain period of time, in exchange for a higher rate of interest are also called time deposits Bonds.
- An account designated as a time deposit is one that the depositor has agreed to keep in the bank for a specific amount of time in exchange for a greater interest rate.
- A time deposit, sometimes known as a term deposit, is a fixed-term interest-bearing bank account.
- In comparison to a typical savings account, it enables depositors to grow their money at higher interest rates.
- Depositors have two options after the term is up: they can either withdraw their money or renew it and hold it for another term.
<h3>What is a CD certificate?</h3>
- A certificate of deposit (CD) is a type of savings account where the issuing bank pays interest in exchange for holding a specified sum of money for a predetermined length of time, such as six months, a year, or five years.
- When you cash in or redeem your CD, you receive the money you originally invested plus any interest.
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Answer:
All net income, less all dividends, since the company began operations.
Explanation:
Retained Earnings are the retained profits that the company keeps with itself, for meeting any case of emergency or for growing company and thus, meeting the growing expenses.
Each year when company earns profits and then, it distributes its profits in the form of dividends, the balance remaining after paying the dividends is added to retained earnings.
Thus, the entire balance of these kind of profits not paid anywhere else and also not utilized is called retained earnings.
<span>It's false that uncollectible accounts should not be estimated because it is impossible to know which accounts will not be collected. </span>
Answer:
Below:
Explanation:
It's called "Communication".
Hope it helps..... Bro/Sis
It's Muska... :)
Answer:
A. A toothpaste manufacturer adds a new line of toothpaste (that contains baking soda) to its product line.
Explanation:
Market cannibalization is explained to be a loss in sales caused by a company's introduction of a new product that displaces one of its own older products.
Introduction of a new toothpaste containing baking soda is a perfect example, because it will reduce or alter sales in the other brand units.
The cannibalization of existing products leads to no increase in the company's market share despite sales growth for the new product. Market cannibalization can occur when a new product is similar to an existing product, and both share the same customer base. Cannibalization can also occur when a chain store or fast food outlet lose customers due to another store of the same brand opening nearby.
