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3 years ago

What is a bank savings account?

1 answer:

6 0

A bank savings account is one simplest type of bank account. It allows you to keep your money safely while earning through interest per month. Money in a savings account is useful for emergencies since they are insured. You also get a card which enables you to withdraw or deposit money into your account. Parent's usually take this type of account for their children for future purposes.

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Guns R Us overstated its ending inventory in the current year by $5,000. The company incorrectly reported $100,000 of net income

mr_godi [17]

Answer:

Cost of goods sold will be too low by $5,000.

Explanation:

7 0

3 years ago

Which body has the primary responsibility for the establishment of generally accepted accounting principles?.

erica [24]

Answer: The Financial Accounting Standards Board (FASB)

Explanation: The Financial Accounting Standards Board (FASB) is a private, not-for-profit organization whose primary purpose is to develop generally accepted accounting principles.

7 0

2 years ago

Which of the following is an advantage to using cash?

amm1812

C: If stolen, the thief/thieves cant get personal information from it, after all its just a dollar bill. D could also work, because its hard to get in debt using cash unless you borrow cash for someone.

3 0

3 years ago

Read 2 more answers

Cover Me, Inc. sells umbrellas in three cities. Management assumes that annual rainfall is the primary determinant of umbrella s

noname [10]

Answer:

7602.28

Explanation:

Given the data:

Rainfall in X Sales in Dollars of Umbrellas

City A 35 2800

City B 30 2000

City C 12 800

Using the linear regression calculator :

The linear model obtained for the data is :

y = - 226.424 + 81.549x

Using the model, the predicted sales for 96 inches of rain will be:

X = 96

y = - 226.424 + 81.549(96)

The predicted sales is 7602.28

8 0

3 years ago

Management of Blossom, a biotech firm, forecasted the following growth rates for the next three years: 35 percent, 28 percent, a

spayn [35]

Answer:

Followsare the solution to this question:

Explanation:

using formula:

$\text{Recent dividend} = \text{Dividend of the previous year} \times (1+\text{growth rate})^{\text{(current year)}} \\\\\text{Total value = dividend + horizon value}$

$\text{Horizon value}= \frac{\text{current year 3} \times \text{(1+long-term growth rate)}}{\text{(Long-run growth rate required)}}$

$\text{Reduced price factor}=(1 +\text{Required rate})^\text{corresponding time}$

$\text{Value discounted} =\frac{ \text{total value}}{ \text{factor of discount}}$

please find solution file:

6 0

3 years ago