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Vanyuwa [196]
3 years ago
6

Preston never opened his bank statements, so he was surprised to see that he had incurred a service charge, because his balance

went below a required minimum balance. In addition, he did not earn interest for this month. What kind of account does Preston have?
Business
1 answer:
exis [7]3 years ago
5 0

Answer:

The answer is: Interest earning checking account

Explanation:

An interest earning checking account is a checking account that pays you interest. Usually checking accounts don't pay any interest, that is why banks require a minimum balance.

The advantage over savings accounts is that you don't have any limit over how many payments you can make every month.

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The Allowance for Bad Debts account has a debit balance of $ 9 comma 000$9,000 before the adjusting entry for bad debts expense.
Yakvenalex [24]

Answer:

the amount of the adjustment in the Allowance for

Bad Debts​ account  $3.000

Explanation:

Initial Balance  

Allowance for Uncollectible Accounts  $ 9.000

END Balance  

Allowance for Uncollectible Accounts  $ 12.000

The adjustment entry in the accountig will be

Bad debt expense  $ 3.000  

Allowance for Uncollectible Accounts   $ 3.000

3 0
4 years ago
How does a Fire Prevention Plan benefit your workplace? Select the 2 answer options that apply. It’s less likely that a fire wil
lbvjy [14]

Answer:

It is less likely that  injuries will occur during an emergency  

Its less likely that damage will occur during an emergency  

are the correct options.

Explanation:

A fire prevention program eliminates or reduces the occurrence of fires by training people in fire safety.

The fire prevention plan should include: The list of all <em>major fire hazards, proper storage procedures  and handling procedures for hazardous materials, the various types of fire protection equipment required to control major hazard, potential ignition sources and their control</em><em><u>. </u></em>

A fire needs fuel, heat and oxygen, without oxygen, fuel and heat a fire cannot start. So the strategy to prevent fire should try to remove one of more of these elements.

5 0
3 years ago
Read 2 more answers
What are some of the major complexities encountered in developing cooperative strategies such as strategic alliances and joint v
____ [38]

Strategic alliances are generally meant to increase the business strength. Most of the cooperative strategies aim at drawing upon the individual strengths of partners to be more competitive as a single unified unit.

There are a lot of  challenges in getting cooperative strategies to work as envisaged during the planning phases. When corporate companies seek cooperation strategies, the hindsight which comes is that most of them compete against each other).

Hence, it is  natural that such companies will seek to fulfill their interests first before considering the interests of their partnerships. Then, some companies seek cooperative partnerships with partners who are already having other collaborators.

It  also follows that such cooperation lacks commitment. There is also a lack of detailing the operational structure by which operational strategy will be a great success.

To know more about Strategic alliance here:

brainly.com/question/14014533

#SPJ4

5 0
2 years ago
According to the Ajzen model, the strongest predictor of an employee’s behavior is (are):
Ghella [55]
There you go. let me know if this is right

4 0
4 years ago
Jenny's bakery makes two types of birthday cakes: yellow cake, which sells for $25, and strawberry cake, which sells for $35. Bo
Marina86 [1]

Answer: Revenue is maximum at x=25 and y=0. That is when the firm makes only yellow cakes and no strawberry cakes.

Explanation:

x- Number of Yellow cakes

y- Number of Strawberry cakes

Time constrain is given by

2x+3y\leq 450

x\geq 0

y\geq 0

Revenue is given by,

TR= 25x + 35y

At the vertices, revenue is

At (0,0)

TR = $0

At (0,150)

TR = 25(0) + 35(150) = $5,250

At (225,0)

TR = 25(225) + 35(0) = $5,625

Therefore, Revenue is maximum at x=25 and y=0. That is when the firm makes only yellow cakes and no strawberry cakes.

4 0
4 years ago
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