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Katena32 [7]
3 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]3 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]3 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.

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Albinson Company paid $96,000 for a two-year insurance policy on October 1 and recorded the $96,000 as a debit to Prepaid Insura
FromTheMoon [43]

Answer:

Debit Insurance expense    $12,000

Credit Prepaid Insurance    $12,000

Explanation:

When insurance is paid in advance, the entries required are  

Debit Prepaid Insurance

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As time elapses and the insurance expires,

Debit Insurance expense

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= 1/24 * $96,000

= $4,000

Between October 1 and December 31 is 3 months

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= $12,000

7 0
3 years ago
Based on the weight of the consumer price index (CPI), the price of rental housing increases by 15% and that of owned housing by
Levart [38]

Answer:

D) all other factors being constant, it is likely the CPI would rise during the year in question.

Explanation:

The CPI measures the price of a basket of goods and that basket includes both housing expenses and gasoline, but housing expenses are "heavier" than gasoline (their relative weight on the CPI is much higher) because they represent a much larger portion of a household's income. It is common for a family to pay $1,000 (or much more) per month on rent or a mortgage, while how many people actually spend over $1,000 per month on gas?

4 0
3 years ago
Write a brief memo to the Chairman of the Board explaining how much you plan to invest in the Company and what you project the r
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3 years ago
According to liquidity preference theory, if the quantity of money demanded is greater than the quantity supplied, then the inte
melisa1 [442]

Answer:

The correct answer is option A.

Explanation:

Liquidity preference theory was given by J.M Keynes. He states that money is demanded by people because it holds certain liquidity.

There are various motives involved for which people prefer liquidity. These motive are precautionary, transactionary and speculative motives respectively.

When the demand for money is more than supply, it means there is excessive demand. This excess demand will lead to increase in the interest level. At higher interest, the quantity of money demanded will fall.

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3 years ago
When McDonald's offers healthy menu items in hopes of avoiding competition with Wendy's and Burger King, it uses ________ positi
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McDonald's offering a healthy menu to avoid competition is referred to as differentiation positioning.

<h3>What is Differentiation positioning?</h3>

This is strategy adopted by companies in making their products and services very unique and beneficial to the populace.

This being done ensures that they avoid competition and increase sales and profit to ensure continuous running of the business. McDonald offering healthy menu items depicts this type of positioning.

Read more about Differentiation positioning here brainly.com/question/9241331

6 0
2 years ago
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