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3 years ago

Which of the following savings options pays an interest rate that changes with the market rate of interest?

Business

1 answer:

SashulF [63]3 years ago

5 0

I am pretty sure that the answer is the money market account

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A Third World country can be described as a(n) __________ country.

masya89 [10]

Answer: undeveloped country

Explanation:

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3 years ago

Stacy, who is married and sole shareholder of ABC Corporation, sold all of her stock in the corporation for $100,000. Stacy had

Marta_Voda [28]

Answer:

The sale results in an ordinary loss of $100,000 and long-term capital loss of $25,000.

Explanation:

Stacy, who is married and sole shareholder of ABC Corporation, sold all of her stock in the corporation for $100,000. Stacy had organized the corporation in 2009 by contributing $225,000 and receiving all of the capital stock of the corporation. ABC Corporation is a domestic corporation engaged in the manufacturing of ski boots. The stock in ABC Corporation qualified as Sec. 1244 stock. The sale results in AN ORDINARY LOSS OF $100,000 AND LONG-TERM CAPITAL LOSS OF $25,000.

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3 years ago

Read 2 more answers

An entrepreneur has earned enough total revenue to cover her accounting costs, but economic losses are being incurred. What must

KengaRu [80]

Answer:

her accounting profits are less than her implicit costs

Explanation:

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3 years ago

On December 1, Milton Company borrowed $350,000, at 6% annual interest, from the Tennessee National Bank. Interest is paid when

rusak2 [61]

Answer:

The the adjusting entry for accruing interest is:

Debit Interest expense $1,750

Credit Interest Payable $1,750

Explanation:

On December 1, Milton Company borrowed $350,000, at 6% annual interest.

The interest amount Milton Company paid for 1 year = $350,000 x 6% = $21,000

The interest amount Milton Company paid for a month = $21,000/12 = $1,750

On December 31, following 1 month borrowing, Milton made adjusting entry for accruing interest:

Debit Interest expense $1,750

Credit Interest Payable $1,750

8 0

3 years ago

What is Calls In Arrears..??

vlada-n [284]

Answer:

Call in Arrear

The company calls for money from shareholders when needed within a certain period. If the shareholder is not able to pay the call amount due on an allotment or on any calls according to the terms before or on the specific date fixed for payment, such amount is taken as 'call in arrears'.

Explanation:

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3 years ago