All categories

3 years ago

Match the account features with the account types.

Business

2 answers:

stira [4]3 years ago

8 0

Answer:

Money Market Account:

A) allows ATM withdrawals

C) has a minimum balance requirement

401K:

B) provides tax-deferred savings

D) has penalties for early withdrawal

Explanation:

A money market account is an account in a bank that pays higher interests than a normal savings account and they tend to have a minimum balance requirement. Also, they allow the money to be withdrawn at ATMs.

A 401K is a retirement plan that allows employees to save their money and it is sponsored by the employer. In this plan, the money is taken from the salary before the taxes are deducted. Also, when people withdraw money from these accounts before a certain age, they have to pay an early withdrawal penalty that is around 10% of the amount that is taken out.

garik1379 [7]3 years ago

5 0

Money Market Account: (this is intended to be used on a day-to-day basis and isn't provided by the government)

- Allows ATM withdrawals (A)

- Has a minimum balance requirement (C)

401K: (this is a retirement savings account, so think of typical features)

- Provides tax-deferred savings (B)

- Has penalties for early withdrawal (D)

You might be interested in

One of the weaknesses of the direct write-off method is that it A. understates accounts receivable on the balance sheetB. violat

Sauron [17]

Answer:

B. violates the matching principle

Explanation:

The direct write-off method makes an accounting period take the bad debt expense for a sale which occur in a previous period. Therefore this expense was deferred over the accounting periods. This violates the matching principles.

The matching principles states the revenues and expenses should be acknowledge on the period they occur. In this case the bad debt expense, occur on the period of sale but, with the direct write-off method it is recognize on a subsequent period, generating a distorsion on the net income of the present and future accounting cycles.

4 0

4 years ago

Mayer Biotechnical, Inc., develops, manufactures, and sells pharmaceuticals. Significant research and development (R&D) expe

dem82 [27]

1. Alice's treatment of the equipment as useful for five years, would increase before-tax earnings by $24,000, as opposed to expensing the equipment cost.

2. The ethical dilemma facing Alice in determining the treatment of the $30 million equipment purchase involves creating a wrong impact in financial reporting.

<h3>What are ethical dilemmas in accounting?</h3>

Some of the ethical dilemmas in financial accounting include:

Conflict of interest
Confidentiality
Impacts of financial reporting.

Thus, Alice faces the ethical dilemma of making a wrong impact in financial reporting based on the treatment of the $30 million equipment purchase.

Learn more about handling ethical dilemmas in accounting at brainly.com/question/14864299

#SPJ1

6 0

2 years ago

What should you do before you approach a atm

kap26 [50]

Answer:

Try to use ATMs with which you are familiar. Choose well-lit, well-placed ATMs where you feel comfortable. If you need to use an ATM late at night, ask a friend to accompany you.

Before approaching the ATM, scan the surrounding area. Avoid the ATM altogether if it is too dark to see, isolated or looks unsafe. If there are bystanders loitering in the area, go to another machine or come back later.

Use your body to shield the screen and keypad before entering your PIN. Make sure other individuals in line stay a reasonable distance from you while you're performing your transaction.

6 0

3 years ago

The difference between new classical theory and new Keynesian theory is that Question 2 options: in new classical theory wages a

julsineya [31]

Group of answer choices.

A. in new classical theory wages are assumed to be flexible, and in new Keynesian theory wages are assumed to be somewhat inflexible.

B. in new classical theory wages are assumed to be somewhat inflexible, and in new Keynesian theory wages are assumed to be flexible.

C. adaptive expectations is the dominant expectations theory in new classical theory, and rational expectations is the dominant expectations theory in new Keynesian theory.

D. in new Keynesian theory the short-run aggregate supply curve is vertical, and in new classical theory the short-run aggregate supply curve is upward sloping.

Answer:

A. in new classical theory wages are assumed to be flexible, and in new Keynesian theory wages are assumed to be somewhat inflexible.

Explanation:

The new classical theory (neoclassical view) posits that long-term expansion of potential Gross Domestic Products (GDP) due to economic growth will determine the size of a country's economy but the economy cannot sustain production above its potential Gross Domestic Products (GDP) in the long run.

John Maynard Keynes was a British economist born on the 5th of June, 1883 in Cambridge, England. He was famous for his brilliant ideas on government economic policy and macroeconomics which is known as the Keynesian theory. He later died on the 23rd of April, 1946 in Sussex, England.

According to the new Keynesian theory, government spending or expenditures should be increased and taxes should be lowered when faced with a recession, in order to create employment and boost the buying power of consumers.

Hence, the difference between the new classical theory (neoclassical view) and new Keynesian theory is that, in new classical theory wages are assumed to be flexible by economists while in new Keynesian theory wages are assumed to be somewhat inflexible.

4 0

3 years ago

Form utility is ________. 1. marketing's task in creating an offering that has value 2. production's task in creating an offerin

Karolina [17]

Answer:

2. production's task in creating an offering that is desired by the market

Explanation:

Form Utility is one of the four types of economic utilities. The other three being Time, place and possession. Form utility refers to the product or service a producer offers his customer. It is the value seen by customers in finished product.

Form utility involves how well a product or service meets customer's needs. Production unit is tasked with creating a product that his desired by the market after the marketing unit have gathered relevant information about what the market or consumers demand or needs.

In summary, it is a simple utility that involves the creation of products that meets customer's needs.

5 0

4 years ago