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3 years ago

What's one disadvantage of a certificate of deposit (CD) as compared to a passbook savings account?

Business

2 answers:

san4es73 [151]3 years ago

5 0

Answer: A. Depositors must keep their money in the account for a fixed period of time.

Explanation:

A certificate of deposit (CD) is known to be a short term security which does not allow depositors to withdraw money from the account on demand. In other word, depositors are not permitted to withdraw until the maturity date. Thus, it has a high interest rate.

A passbook savings account is a saving account in which the account holder uses a paper book for transaction in the banking hall.

bagirrra123 [75]3 years ago

3 0

A. Depositors must keep their money in the account for a fixed period of time.

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Equipment was acquired on January 1, 2021, for $33,000 with an estimated four-year life and $2,000 residual value. The company u

Lostsunrise [7]

Answer:

Gain= $850

Explanation:

Giving the following information:

Purchase price= $33,000

Useful life= 4 years

Residual value= $2,000

Sale= $10,600.

First, we need to calculate the annual depreciation:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (33,000 - 2,000)/4= $7,750

Now, we can calculate the accumulated depreciation:

Accumulated depreciation= 7,750*3= $23,250

To calculate the gain or loss, we need to use the following formula:

Gain/loss= selling price - book value

Book value= purchase price - accumulated depreciation

Book value= 33,000 - 23,250= $9,750

Gain/loss= 10,600 - 9,750

Gain= $850

4 0

2 years ago

What happens to someone's property if they do not pay their taxes

Gre4nikov [31]

Answer:

if they do not pay their taxes government ceil their properties..

5 0

2 years ago

Read 2 more answers

Which of the following is true concerning cost drivers for the predetermined overhead rate in a process-costing system?

Georgia [21]

Answer and Explanation:

c. If direct labor cost is the cost driver, direct labor and manufacturing overhead may be combined into the single element of conversion cost.

5 0

3 years ago

Which of the following would LEAST likely foster diversity in the workplace?

guajiro [1.7K]

Answer:

The correct answer is letter "A": changing the culture through diversity training education programs.

Explanation:

Boosting diversity at the workplace is an activity that mainly relies on the representatives of the Human Resources (HR) Department. They are in charge of recruiting and selecting the applicants that will be part of the institution based on their capabilities and expertise. Thus, HR representatives could promote the selection of different individuals from different ages, races, gender, ethnicity, and nationality, without preferring one or another, so the working environment will be diversified and the company can take advantage of the different backgrounds of those new hires.

Therefore, training other employees could improve the understanding of other employees on dealing with workers different than them but this does not foster diversity in the workplace.

6 0

2 years ago

Factors that can effect prices could include advances in technology, changes in prices of raw materials or new government taxes.

lisov135 [29]

It is true that factors that can affect prices could include advances in technology, changes in prices of raw materials or new government taxes.

6 0

2 years ago