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maw [93]
3 years ago
10

How is a savings account most useful

Business
2 answers:
liubo4ka [24]3 years ago
8 0

Having a savings account is useful because it allows you to put money in a separate account that collects interest. When your money is your checking account, you are more likely to spend the money because it has easy access. If you are having to transfer money from a savings to a checking account, you may decide to not spend the money because you have more time to think about it. When your money is in the savings, you have a better chance of having more money for the future.

valentinak56 [21]3 years ago
5 0

For using $money$ in the near future but not right away.

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When a company does not have any convertible securities or options or warrants outstanding, the company has:
WITCHER [35]

Answer: Simple capital structure

Explanation: A company that does not have potentially dilutive or convertible securities in its capital structure, is said to have a simple capital structure. In a simple capital structure, the corporation finance its operation with common stock or non convertible preferred stock.

Hence , from the above we can conclude the right option is C.

6 0
3 years ago
I want to know what is the correct thing to invest into
vladimir1956 [14]

Answer:

Roth ira

Explanation:

Because you are sort of young, you should invest into a roth ira, because there are retirement tax breaks put on it, plus in an smp 500 account it will grow with the market at about 8% interest per year on average. this is good, because it is pretty much guaranteed growth. that will double the amount of money for 5 or 6 times over creating a nice retirement fund for your old age, but honestly there are other strategies, this is just for sticking money in the ground and forgetting about it, letting it grow for you. low risk, and relatively high reward after a long period of time.

hope this helps

7 0
3 years ago
One of the most important features of a filing and record keeping system is that it works for you and meets your needs true or f
MA_775_DIABLO [31]

Answer:

True

Explanation:

In record keeping using the filling method, it is done in-order to keep track of all the important documents and information regarding to the company. <em>This record keeping system could employ the manual method or writing with hand or the electronic method of storing such information using the computer or other electronic device.</em>

7 0
3 years ago
On September 1, a client paid the company $25,200 cash for six months of rent in advance (the client leased a building and took
Tju [1.3M]

Answer:

Dr Unearned rent revenue 16,800

Cr Rent revenue 16,800

Explanation:

Period 6 months

Period expired at year end which is from September to December = 4 months

December 31

Dr Unearned rent revenue 16,800

(4/6×25,200)

Cr Rent revenue 16,800

Unearned Rent Revenue was debited in order to reduced Liability while Rent Revenue was credited in order to increase revenue.

4 0
3 years ago
Bims Corporation uses the weighted-average method in its process costing system. The Assembly Department started the month with
vekshin1

Answer:

59,700 units

Explanation:

The computation of the equivalent units for the conversion cost is shown below:

= Opening work in process units × completion percentage + units started and completed × completion percentage + ending work in process units  × completion percentage

= 4,600 units × 100% + 36,500 units × 100% + 31,000 units × 60%

= 4,600 units + 36,500 units + 18,600 units

= 59,700 units

6 0
3 years ago
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