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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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On July 1, 2022, Jenks Company purchased the copyright to Jackson Computer tutorials for $424,000. It is estimated that the copy
Alekssandra [29.7K]

Based on the cost of the copyright and the period of amortization, the amortization in 2022 will be <u>$40,000</u>

First find the annual amortization expense:

<em>= (Cost of copyright - Salvage value) / Useful life </em>

= (424,000 - 24,000) / 5

= $80,000

The amortization for 2022 will however be for 6 months as the copyright was purchased on July 1.

= 80,000 x 6/12 months

= $40,000

In conclusion, the amortization expense will be $40,000

<em />

<em>Find out more at brainly.com/question/7274714. </em>

3 0
3 years ago
Use a production possibilities frontier to describe the idea of efficiency.
SVETLANKA909090 [29]

Answer:

Efficiency

Explanation:

Efficiency is when a market is producing the greatest possible amount given its resources. This is demonstrated by the production possibility frontier, which displays the maximum amount of a good that can be produced in relationship to the production of another good.

6 0
4 years ago
Perpetual Batteries recently came under criticism when a newspaper article revealed that the company's production plant had leak
MAVERICK [17]

Answer:

Perpetual batteries has 2 options in order to meet its ethical responsibilities:

  1. Try to make sure that their system is 100% leak proof, but that would be very hard to do (systems are rarely perfect) and the public might not believe them. If the public does not believe them, they might still suffer form lower sales.
  2. Change the design of their batteries so that they no longer need to use the harmful chemical, and instead use environmentally friendly processes. This option is better because this change can be used to both solve environmental issues and helps to promote the company's image as green or environmentally friendly which can increase their sales volume.
5 0
3 years ago
The accounting for defined contribution pension plans is easy because each year:a. The employer records pension expense equal to
Anna71 [15]

Answer:

A) The employer records pension expense equal to the annual contribution.

Explanation:

Defined contribution (DC) pension plans are retirement plans that allow both the employer and employees make contributions and invest the those funds to try to earn more money for the moment they retire. So the future benefits will change depending on the performance of the invested funds.

3 0
3 years ago
ZZZ Best Company's fixed expenses total $180,000, its variable expense ratio is 25% and its variable expenses are $5 per unit. B
pychu [463]

Answer:

Break-even point in units = 12000 units

Explanation:

Break-even point is where sales and expenses are the same, thus the sales of a company are enough to cover its expenses.

Break-even point in units= Fixed cost / ( price of product-variable costs)

Variable expense ratio = variable expense per unit/price per unit

25% = 5/ price per unit

0.25=5/price per unit

5/0.25 = price per unit

$20 =price per unit

Break-even point in units= Fixed cost / ( price of product-variable costs)

Break-even point in units = $180,000 / ($20-$5)

Break-even point in units = $180,000 / $15

Break-even point in units = 12000 units

6 0
3 years ago
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