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Leokris [45]
3 years ago
14

Average daily balance definition

Business
1 answer:
bogdanovich [222]3 years ago
8 0

Answer:The average daily balance is a common accounting method that calculates interest charges by considering the balance invested or owed at the end of each day of the billing period, rather than the balance invested or owed at the end of the week, month or year.

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Which of the following is a key reason for using business-type accounting to account for proprietary fund activities? a. The mod
Sergio [31]

Answer: the corrcet answer is c. The measurement focus on all economic resources is more consistent with the GASB’s objectives that financial reporting should provide information to determine whether current-year revenues were sufficient to pay for current-year services.

Explanation:

The GASB stands for the Governmental Accounting Standards Board (GASB) and is the source of generally accepted accounting principles (GAAP) used by state and local governments in the United States. As with most of the entities involved in creating GAAP in the United States, it is a private, non-governmental organization. The answer is clear above; it only needed some clarification with the acronyms.

7 0
4 years ago
After the required beginning date (RBD), what is the amount of penalty that applies to a required minimum distribution (RMD) fro
xenn [34]

Answer:

The penalty for an IRA that is insufficient in amount is half of the undsitributed amount.

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5 0
3 years ago
a power company decides to use wind turbines to provide electricity instead of coal. which basic economic question does this dec
Rufina [12.5K]

How will goods or services be produced? is the basic basic economic question does this decision answer in a free market economy.

<h3>What is a Market economy?</h3>

In a market economy, firms and individuals interact to determine how much goods and services should cost and how to best allocate scarce resources. This word often refers to an economy that is more market oriented overall, however there may be some government intervention or central planning.

Classical economists like Adam Smith, David Ricardo, and Jean-Baptiste Say created the theoretical framework for market economies. These traditional liberal proponents of the free market thought that the "invisible hand" of the profit motive and market incentives typically led economic decisions in directions that were more productive and efficient than government economic planning.

Learn more about market economy

brainly.com/question/11471834

#SPJ4

6 0
2 years ago
E-commerce creates a great deal of data on how consumers interact with a website. L.L.Bean keeps records that show how quickly c
belka [17]

Answer:

evidence-based decision-making

Explanation:

Evidence-based decision-making is the means by which decisions are made about a program practice or policy based on best available research results and informed by experimental evidence from the field.

In this instance L.L.Bean keeps records that show how quickly consumers make decisions, how many alternatives they explore, and whether they stop without completing a purchase. This is evidence that has been gathered to help with decision-making.

So when an issue is noticed a solution can easily be tested.

5 0
3 years ago
How presenting a professional image through appearance, behavior, and language assists in finding employment?
Kamila [148]

Answer:

Professional image is  mandatory in finding the employment.

Explanation:

Presenting a professional image plays an important role in finding employment. It is our behavior, appearance, and way of communicating that help in attracting employment.

If our appearance is not appealing and our communication skills are weak and our behavior is not as per the requirements of the job then we might face difficulty in getting a job. Professional presentation is vital and expected by the person recruiting the employees.

8 0
3 years ago
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