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.
The answer is A. hope it helps :)
Answer:
The journal entry for the issuance of the common stock is shown below:
Explanation:
Cash A/c.............................................Dr $33,000
Common Stock A/c........................Cr $30
Paid in Capital A/c...........................Cr $32,970
Working Notes:
Cash = Number of shares × Issue Price
= 3,000 × $11
= $33,000
Common Stock = Number of Shares × Par Value
= 3,000 × $0.01
= $30
Paid in Capital = Cash - Common stock
= $33,000 - 30
= $32,970
Answer:
$ 5.6925
Explanation:
Rate of return= (Current value- original value)/ Original value × 100
15= (Current value- 4.95)/4.95 × 100
Current value= $ 5.6925
The rectangle with 6 rows has 30 people, and the rectangle with 9 rows has 45 people.
6x5=30, 9x5=45, 30+45=75 people.