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3 years ago

which type of account typically has very high liquidity, low or no interest, and low minimum balance?

Business

2 answers:

Aliun [14]3 years ago

8 0

Answer: Checking Accounts

Explanation:

The following are some type of accounts,

a). <em>Checking Account</em>- It gives the depositor the lowest level of interest and has a very high liquidity. This account has no or low minimum balance.

b). <em>Savings Account</em>- This has a low interest but gives the flexibility to the depositor to withdraw the money at anytime.

c). <em>Money market account</em>- This account type has a higher interest than any saving or checking account with some minimum balance requirements.

d). <em>CD's (Certificate of Deposits)</em>- This account type has the highest interest at the cost of locking up your funds for a certain period.

Therefore, Checking account is the correct option which has all the features low liquidity, low interest and low minimum balance.

sdas [7]3 years ago

6 0

<span><span>Checking accounts: best for unrestricted access to funds; typically worst for earning interest.
</span><span>
Savings accounts: good for earning some interest with quick access to funds.
</span><span>
Money market accounts: can have higher interest than savings accounts, plus some check-writing and ATM access.
</span><span>
Certificates of deposit (CDs): highest interest rates in exchange for most-limited access to funds</span></span>

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Accounts receivable arising from sales to customers amounted to $80,000 and $65,000 at the beginning and end of the year respect

Fittoniya [83]

Answer:

d. $165,000

Explanation:

Basically there are three types of activities:

1. Operating activities: It includes those transactions which affect the working capital, and it records transactions of cash receipts and cash payments.

2. Investing activities: It records those activities which include purchase and sale of the fixed assets

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.

The computation is shown below:

Cash flow from Operating activities

Net income $150,000

Add: Decrease in accounts receivable $15,000 ($65,000 - $80,000)

Net Cash flow from Operating activities $165,000

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3 years ago

The following transactions for King Maponga Traders transpired during the month of July 2021 Date Details of transactions 1 3 6

NNADVOKAT [17]

Recording Journal Entries of transactions for the month of July 2021 in the books of King Maponga Traders are as follows:

Journal Entries:

July 1 Debit Delivery Vehicle R65,200

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July 3 Debit Drawings, King Maponga R1,000

Credit Inventory R1,000

To record the issuance of Journal voucher JV 013.

July 6 Debit Interest Receivable (Mr. Settler) R1,800

Credit Interest Revenue R1,800

To record the issuance of Journal voucher JV 014.

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Credit Accounts Receivable (C. Zama) R650

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July 20 Debit Motor Vehicle R67,000

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To record the issuance of Journal voucher JV 016.

July 26 Debit Bad Debts Expense R16,000

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To record the issuance of Journal voucher JV 017

Data Analysis:

July 1 Delivery Vehicle R65,200 Common Stock R65,200

July 3 Drawings, King Maponga R1,000 Inventory R1,000

July 6 Interest Receivable (Mr. Settler) R1,800 Interest Revenue R1,800

July 12 Discounts Allowed R650 Accounts Receivable (C. Zama) R650

July 20 Motor Vehicle R67,000 Office Equipment R67,000

July 26 Bad Debts Expense R16,000 Accounts Receivable (Mr. Dodger) R16,000

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3 years ago

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2 years ago

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balandron [24]

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The correct approach will be "monopoly ".

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