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3 years ago

List at least three things you would consider when choosing a bank and account type.

Business

2 answers:

ELEN [110]3 years ago

5 0

Free Checking. APR (Annual Percentage Rate) on Savings and of the bank is a Credit Union or a plain ole bank.

Likurg_2 [28]3 years ago

4 0

1.about bank
2.intrests they provide
3.appearance of bank

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If a company increases its sales price per unit for productâ€‹ a

Effectus [21]

Answer:

TR decreases if Demand is Elastic, TR increases if Demand is Inelastic

Explanation:

Price Elasticity of Demand is the responsive change in price, due to change in price. Elastic demand means demand responds more to price change, Inelastic demand means demand responds less to price change. Total Revenue is the total receipt value from sales = Price x Quantity

If demand is elastic : price & total revenue are inversely related - price increase, demand decrease & price decrease, demand increase.
If demand is inelastic : price & total revenue are directly related - price increase, demand increase & price decrease, demand increase

So, If a company increases its sale price per unit of a product :

Total Revenue would increase as a result of price rise, if demand is Inelastic
Total Revenue would decrease as a result of price rise, if demand is Elastic

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3 years ago

Answer fast how can you become a millionaire

juin [17]

Answer:

Millionaires suggest several paths to building your wealth and becoming a millionaire. ... You should work to make more money so that you can invest more. Saving is also a great way to become a millionaire. In other words, when you earn money, put it in a savings, retirement or some other investment account.

Explanation:

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3 years ago

Pharoah Corporation had the following activities in 2020. 1. Payment of accounts payable $843,000 4. Collection of note receivab

DIA [1.3K]

Answer:

The amount Pharoah should report as net cash provided (used) by financing activities in its 2020 statement of cash flows is $344,000.

Explanation:

Pharoah Corporation

Statement of cash flows (extract)

Proceeds from common stock $256,000

Proceed from bond payable $466,000

Dividend paid ($333,000)

Purchase of treasury stock ($45,000)

Net cash flows from financing activities $344,000

Note that the payment of accounts payable and collection of notes receivable only affect the operating activities section of the cash flows.

7 0

3 years ago

Ms. Garden, the company bookkeeper, recorded the annual repair costs on the company's machinery as an increase to the machinery

iren [92.7K]

Answer:

a) Assets will be overstated

Explanation:

Annual repairs costs are operating expenses that should be debited to the repair and maintenance account. The amount should increase the repair and maintenance account and, consequently, expenses for that period.

If the repair expenses are debited to the asset account, assets increase in value. Since the repair costs are wrongfully posted, the assets will be overstated. On the other hand, expenses will be understated

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3 years ago

Ruston Company Income Statement January 1 to December 31, 2017 (amounts in thousands) 7,800 1,560 6,240 780 700 500 4,260 70 4,1

uranmaximum [27]

Answer:

The Net Cash Flow is -$4,686,000.

Explanation:

Note: The data in this question are merged. The complete question with the sorted data are therefore provided before answering the question. See the attached pdf file for the complete question with the sorted data.

The explanation of the answers is now provided as follows:

Net Cash Flow can be determined by preparing the cash flow statement as follows:

Ruston company

Cash Flow Statement

For the Year Ended December 31, 2017

Details $’000 $’000

Cash Flows from Operating Activity

Net Income 2,514

Adjustment to net income

Depreciation expense 700

Increase in accounts receivable (600)

Increase in accounts payable 300

Net Cash Flows from Operating Activity 2,914

Cash Flows from Investing Activity

Increase in Gross Property, Plant, & Eq. (8,300)

Net Cash Flows from Investing Activity (8,300)

Cash Flows from Financing Activity

Increase in Long Term Debt 700

Net Cash Flows from Financing Activity 700

Net Cash Flow  (4,686) 

Therefore, the Net Cash Flow is -$4,686,000.

Download pdf

8 0

3 years ago