Answer:
savings account
deposit
Explanation:
Interest is the money earned when deposits or savings stay in a financial institution for some time. Financial institutions such as commercial banks pay interests to encourage the public to save and keep deposits in their bank accounts. Interest earned is determined by the amount of deposit or saving, the interest rate offered, and the duration of time the money stayed in the bank.
A high-interest rate is attractive to the public as it earns more interest. Financial institutions compete for deposits and saving by offering better interest rates.
Answer:
C. $60,000
Explanation:
For computing the Erin investment, we have to assume the things which is shown below:
Let us assume Erin investment be X
We know that Erin would contributed 1 ÷ 4 investment in partners capital
So, the equation would be
1 ÷ 4 × ( $140,000 + $40,000 + X) = X
1 ÷ 4 × ($180,000 + X) = X
$45,000 + 1 ÷ 4X = X
So, $45,000 = 3 ÷ 4X
So, X = $45,000 × 4 ÷ 3
= $60,000
Answer:
Paid in capital treasury stock = $1,600
Explanation:
Paid in capital treasury stock = (Market value - purchase value) × Number of share reissued.
Given,
Reacquired treasury stock = 2000 shares
As the shares were reacquired for $20,
Reacquired total treasury stock = 2,000 shares × $20 = $40,000
Reissued number of shares = 800
Market price of those treasury stock is $22 per share.
Therefore, paid in capital - treasury stock = $(22 - 20) × 800 shares
Paid in capital - treasury stock = $1,600
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Answer: requirements discovery
Explanation:
The techniques used by systems analysts to identify or extract system problems and solution requirements are known as requirements discovery.
A requirements discovery is simply defined as the process and tools that are typically used to identify the system requirements for the users of a system that has been proposed.
A system requirement helps to describe the desires and needs for an application or a system. The system requirement describes the features, functions, and constraints.