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insens350 [35]
3 years ago
10

he three main types of banks (Traditional, Credit Union, Online or Online-Only) have many tradeoffs with respect to technology,

convenience, personal experience, fees and savings rates. For this question, put aside all of the trade-offs and look only at savings rate offered on savings accounts. Rank the following from highest to lowest on the interest rates they offer to consumers on savings accounts.
Business
1 answer:
Tema [17]3 years ago
4 0
The saving rate from the highest to the lowest would be :

Traditional Banks  +/-  5 % of rates

Online banks +/-    4 % of rates

Credit Union +/-    2.5 % of rates

hope this helps
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sale of merchandise on account for $36,000 is subject to an 8% sales tax. a. Should the sales tax be recorded at the time of sal
aleksandr82 [10.1K]

Answer:

a.Sales tax to be recorded at the time of sales.

b.36000

c.38880

d.Sales tax payable

Explanation:

a.Because sales tax is subjected to sales so it is liability of seller to charge sales tax to customer.

b. Sales = $36000

c.Account receivable = [36000+(36000*8%)]=36000+2880=38880

       Entry: Dr  Account receivable  38880

                                                      Sales                  36000

                                                   Sales tax payable  2880

d. Sales tax payable, it is liability for a seller to refund to government treasury.

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3 years ago
Which one of these equations is an accurate expression of the balance sheet? Assets ≡ Liabilities −Stockholders’ equity Stockhol
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Answer:

Stockholders’ equity ≡ Assets −Liabilities

Explanation:

The Balance Sheet equation is also known as the Accounting equation. It can be written in 3 ways as :

Assets = Equity + Liabilities

or

Equity = Assets - Liabilities

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Liabilities = Assets - Equity

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The most populous country in the world is<br> O Russia<br> Egypt<br> O China<br> India
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Answer:

Explanation:

It’s France

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Select the statement which best describes the primary purpose of closing entries a. To complete the recording of various transac
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Answer: c. To reduce the balances of revenue and expense accounts to zero so that they may be used to accumulate the revenues and expenses of the next period.

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Closing entries are the journal entries that are made at the end of an accounting period in order to be able to transfer temporary accounts to the permanent accounts.

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Therefore, the correct option is C.

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