1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Katena32 [7]
4 years ago
5

Jorge has $300 for work he performed. he expects to spend the money in the next few weeks to buy a new bike. which type of accou

nt will be best for jorge?
Business
2 answers:
Ber [7]4 years ago
5 0

The best type of account for Jorge, who has $300 for work he performed and expects to spend the money in the next few weeks to buy a new bike is checking account. A checking account is useful for money that you will be spending soon, like in Jorge's case. Checking account can be accessed using checks, automated teller machines and electronic debits.

galben [10]4 years ago
3 0

Answer:

Checking account

Explanation:

A checking account allows you to deposit and withdraw money constantly from the account, most of them don´t even have a minimum balance required and allow you to access your money at will while you can still have it protected in the safety of a bank account and you can spend it at will.

You might be interested in
You will be graduating soon and have been offered what you consider the job of your dreams. The new position, however, requires
natali 33 [55]

Answer:

At the fourth stage of the consumer purchase decision process, I have passed the stages of need recognition, information search, and option evaluation.  This means I have chosen a brand of car to buy, perhaps a Toyota camry 2020 model.  What is left is for me to go ahead and make the purchase.  What I need to do now is to select the automobile dealer to buy from, decide the exact date to make the purchase, and how I will pay for the car.  I will then approach the dealer to negotiate the best deal.  I will ask for testing and then sign the papers for the final purchase.

2. Evaluation Criteria:  According to the Organization for Economic Cooperation and Development, there are five criteria for evaluating a decision.  They are relevance, efficiency, effectiveness, impact, and sustainability.  These interdependent criteria provide the decision-maker with the essential information and clues to understand the situation and determine what should be done next.

3. Consideration Set:  These are the  alternatives which consumers actively consider before making their final purchase decision.  For example, to purchase a car, the purchaser could have decided a brand from among all others.  All the brands from which she chooses a particular brand is the consideration set.  She could also consider the models of a particular brand.   In that case, the set of models is the consideration set.

Explanation:

The five stages of the consumer purchase decision process are:

1) Need Recognition - when the consumer identifies the need, problem, or gap for the purchase.

2) Information Search - this is the time that information is gathered about how to fill the gap and meet the need.

3) Option Evaluation - is the stage for identifying the options (alternatives) that are available for solving the need problem.

4) Purchase - is the actual solution to the problem.

5) Post-purchase evaluation is the time for asking if the need had been met with the purchase or expressing regret for choosing one option against the other.  It is the time the consumer knows if her need had been satisfied.

7 0
4 years ago
Klingon Widgets, Inc., purchased new cloaking machinery four years ago for $8 million. The machinery can be sold to the Romulans
gayaneshka [121]

Answer:

Net working capital = Current assets - Current liabilities

$219,000 = Current assets - $760,000

Current assets = $219,000 + $760,000

Current assets = $979,000

1. Total assets = Current assets + Net fixed assets

Total assets = $979,000 + $6,000,000

Total assets = $6,979,000

So, the book value of Klingonâs total assets today is $6,979,000.

2.  Sum of net working capital and the market value of fixed assets:

= Market value of current assets + Market value of fixed assets

= $1,010,000 + $7,300,000

= $8,310,000

5 0
3 years ago
Cheyenne Company has decided to expand its operations. The bookkeeper recently completed the following balance sheet in order to
algol [13]

Answer:

Cheyenne Company

CHEYENNE COMPANY BALANCE SHEET FOR THE YEAR ENDED 2020

ASSETS

Current assets :

Cash                                     $237,000

Accounts receivable (net)     347,000

Inventory (LCM)                     408,000

Marketable Investments        127,000

Cash surrender

value of life insurance           97,000

Prepaid expenses                   19,000

Total current assets        $1,235,000       $1,235,000

Property, plant, and

equipment Buildings (net)   577,000

Equipment (net)                     167,000

Land held for future use      182,000

Intangible assets Goodwill    87,000

Total long-term assets    $1,013,000       $1,013,000

Total assets                                             $2,248,000

LIABILITIES & EQUITY

Current liabilities:

Accounts payable                142,000

Notes payable (short-term) 132,000

Pension obligation                89,000

Rent payable                         56,000

Premium on bonds payable 60,000

Total current liabilities      $479,000       $479,000

Long-term liabilities

Bonds payable                    507,000         $507,000

Total liabilities                                           $986,000

Stockholders’ equity

Common stock, $1.00 par,

authorized 400,000 shares,

issued 297,000                  297,000

Additional paid-in capital    167,000

Retained earnings              798,000

Total Equity                    $1,262,000     $1,262,000

Total liabilities & Stockholders' equity $2,248,000

Explanation:

CHEYENNE COMPANY BALANCE SHEET FOR THE YEAR ENDED 2020

Current assets

Cash                                     $237,000

Accounts receivable (net)     347,000

Inventory (LCM)                     408,000

Marketable Investments        127,000

Cash surrender

value of life insurance           97,000

Prepaid expenses                   19,000

Property, plant, and

equipment Buildings (net)   577,000

Equipment (net)                     167,000

Land held for future use      182,000

Intangible assets Goodwill    87,000

Current liabilities

Accounts payable                142,000

Notes payable (short-term) 132,000

Pension obligation                89,000

Rent payable                         56,000

Premium on bonds payable 60,000

Long-term liabilities

Bonds payable                    507,000

Stockholders’ equity

Common stock, $1.00 par,

authorized 400,000 shares,

issued 297,000                  297,000

Additional paid-in capital    167,000

Retained earnings               ?

Total assets - Liabilities  = Total Equity

= 2,248,000 - 986,000

= 1,262,000

Retained Earnings = Total Equity  - (Common Stock + APIC)

= 1,262,000 - (297,000 + 167,000)

= $798,000

3 0
3 years ago
On January 23, 10,000 shares of Tolle Company are acquired at a price of $30 per share plus a $100 brokerage commission. On Apri
Vaselesa [24]

Answer:

January 23rd

Dr Investment in Tolle                 300,100

Cr Cash                                        300,100

(to record the acquired of 10,000 Tolle's shares at $30 each and a brokerage cost of $100)

April 12th

Dr Cash                                 5,000

Cr Dividend Revenue          5,000

(to record dividend revenue from 10,00 Tolle's shares at $0.5 each)

June 10th

Dr Cash                                           135,900

Cr Investment on Tolle                 120,040

Cr Gain on investment disposal   15,860

(to record the sales of 4,000 Tolle's shares at $34 plus $110 commission fees incurred).

Explanation:

All the explanation is given at the end of each transaction. Further explanation as below:

Given there is no information mentioned whether the share acquired is fro 20% to above and the partial disposal of the investment comes quite near to the time of first acquire; we apply the Cost Method for accounting these transactions.

In the June 10th transaction, we have:

- The actual selling price per share = (Selling price x share sold - Brokerage commission) / share sold = ( 34 x 4,000 - 100) / 4,000 = $33.975;

- The cost of share sold per share = ( Purchasing price x share purchase - Brokerage commission)/ share purchased = ( 30 x 10,000 + 100) / 10,000 = $30.01

=> Cost of share recorded ( Cr Investment account) = 30.01 x 4,000 = 120,040;

=> Gain on investment disposal = ( 33.975 - 30.01) x 4,000 = 15,860.

=> Cash receipt = 4,000 x 34 - 100 = $135,900.

3 0
4 years ago
When an organization selects a single, primary target market and focuses all its energies on providing a product to fit that mar
zhannawk [14.2K]

Answer: Concentrated strategy

           

Explanation: In simple words, concentrated strategy refers to the strategy in which the organisation places its limited resources to a particular area and works to place their dominance in that area.

In the given case, The organisation is selecting a single primary market as their target.

Thus, we can conclude that they are using concentrated strategy.

8 0
4 years ago
Other questions:
  • A _______ strategy involves accurately measuring all the factors needed to predict sales and profits at various price levels, so
    7·2 answers
  • Use the following data to determine the total dollar amount of assets to be classified as current assets.Koonce Office SuppliesB
    12·1 answer
  • A simple linear demand function may be stated as q = a - bp + ci where q is quantity demanded, p is the product price, and i is
    13·1 answer
  • Which of the following events could decrease the cost of money? Check all that apply.
    10·1 answer
  • 3.what does it mean when a economist says that a consumer has demand for a good or service?
    10·1 answer
  • True or false<br> The cost of energy and raw materials are examples of fixed costs
    7·1 answer
  • A(n)__________is a branch of decision support systems (DSSs) that gives managers easy access to internal and external data and t
    12·1 answer
  • A radio commercial begins with the following line: "Our competitors think we can't sell furniture for so little money, but we wa
    12·1 answer
  • The development of the global economy is often called
    10·2 answers
  • Chhom, Inc., manufactures and sells two products: Product F9 and Product U4. Data concerning the expected production of each pro
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!