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iVinArrow [24]
3 years ago
13

Match each type of savings account with its features. members own it interest rate rises and falls with the market minimal overh

ead means higher interest rates schools often sponsor it youth savings account arrowRight stock-indexed CD arrowRight credit union account arrowRight online account arrowRight
Business
2 answers:
kakasveta [241]3 years ago
7 0

Youth savings - schools often sponsor it

Most schools sponsor youth savings accounts by having them sign up while at school to avoid different charges. They usually have the students 'work' these transactions with the assistance of a credit union at school so students can learn how they are run.

Stock-indexed CD - rate rises and falls with the market

An indexed certificate of deposit (CD) is a savings account where the rate of return fluctuates with the up and down of the stock market. Depending on how the stock market is doing will determine the interest earned on the CD.

Credit Union - members own it

A Credit Union is a member-owned financial cooperative controlled by its members.  When you are a member, you are being provided competitive rates and services for being apart of the Credit Union.

Online Account - minimal overhead means higher interest

Most online only savings account have higher interest rates because they have less overhead to pay for labor. These savings accounts do not require people to need a branch to go into or representatives available often.

Rudiy273 years ago
3 0

This is a little hard to read but:

Youth savings - schools often sponsor it

Stock-indexed - rate rises and falls with the market

Credit Union - members own it

Online Account - minimal overhead means higher interest

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Tanning Company analyzes its receivables to estimate bad debt expense The accounts receivable balance is $300 000 and credit sal
pentagon [3]

Answer: Bad Debt Expense 28,000 Allowance for Doubtful Accounts 28,000

Explanation:

Account receivable = 300,000

Percentage uncollectible = 10%

Current balance = 2000

Adjustment to allowance for uncollectible accounts is given by :

(Account receivable ×percentage uncollectible) - current balance

(300,000 × 10%) - 2000

(300,000 × 0.1) × 2000

30,000 - 2000 = 28,000

Therefore, adjustment should be :

bad debt expense debit 28,000

allowance for doubful account credit 28,000

6 0
3 years ago
Suppose you have 3 jars with the following contents. Jar 1 has 4 white balls and 1 black ball. Jar 2 has 2 white balls and 1 bla
serious [3.7K]

Answer:

4

Explanation:

There are 3 jars which equal 4 jars which equal 3

5 0
3 years ago
If you help with my question i will get you brainlist
kifflom [539]
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7 0
3 years ago
Read 2 more answers
An intangible asset
Alexxx [7]

Answer:

The correct answer is letter "C": does not have physical substance, yet often is very valuable.

Explanation:

Physically, intangible assets do not exist but they are important since they represent potential revenue. Types of intangible assets include brand recognition, intellectual property and legitimate patents such as patents, trademarks, and copyrights. Intangible Assets do not have value for accounting recording purposes.

3 0
3 years ago
Rodriquez Company budgeted the following sales in units: January 30,000 February 20,000 March 40,000 Rodriquez's policy is to ha
chubhunter [2.5K]

Answer:

24,000 units

Explanation:

Given:

Budgeted sales for January = 30,000

Budgeted sales for February = 20,000

Opening inventory in January = 7,500

Desired ending inventory = 20% of sales in February

                                        = 0.2 × 20,000

                                        = 4,000 units

Units required in January = 30,000 + 4,000

                                        = 34,000 units

Units to be produced in January = 34,000 - opening inventory

                                                   = 34,000 - 7,500

                                                   = 26,500 units

Budgeted sales for February = 20,000

Budgeted sales for March = 40,000

Opening inventory in February is closing inventory of January = 4,000

Desired ending inventory = 20% of sales in March

                                        = 0.2 × 40,000

                                        = 8,000 units

Units required in February = 20,000 + 8,000

                                        = 28,000 units

Units to be produced in February = 28,000 - opening inventory

                                                         = 28,000 - 4,000

                                                         = 24,000 units

5 0
3 years ago
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