All categories

3 years ago

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

1 answer:

8 0

The current or checking account typically has very high liquidity, low or no interest, and low minimum balance. The current or checking account usually used for the daily transaction and they have a similar trait like the e-cash. The current or checking account is one of three types of the bank deposit account.

You might be interested in

Define working capital. How is working capital computed?

Phoenix [80]

Working capital is calculated by subtracting current liabilities from current assets shown on a company's balance sheet. Current assets include cash, accounts receivable and inventories. Current liabilities include accounts payable, taxes, wages and accrued interest.

Working capital is calculated by subtracting current assets from a company's current liabilities. For example, if a company has current assets of $100,000 and current liabilities of $80,000, its working capital is $20,000.

To calculate the working capital requirement, the following formula can be used: Working Capital (WC) = Current Assets (CA) – Current Assets (CL).

Learn more about working capital here:brainly.com/question/19804046
#SPJ4

8 0

2 years ago

Blossom Inc. had sales of $2,300,000 for the first quarter of 2020. In making the sales, the company incurred the following cost

n200080 [17]

Answer:

CVP Income Statement

Sales revenue 2,300,000

Less: Total variable cost 1,171,000

Contribution margin 1,129,000

Less: Fixed cost 664,000

Net Operating income $465,000

Note:

Cost of goods sold 936,000

Selling expenses 119,000

Admin expense 116,000

Total variable cost 1,171,000

Cost of goods sold 473,000

Selling expenses 71,000

Admin expense 120,000

Total Fixed cost 664,000

6 0

3 years ago

On November 30, Year 1, Parlor, Inc. purchased for cash at $15 per share all 250,000 shares of the outstanding common stock of S

zepelin [54]

Answer:

$275,000

Explanation:

Goodwill in business combination arises when the price paid in acquiring a business exceeds the fair value of the acquired business net assets . The fair value is used rather than the carrying amount to ensure fairness and an unbiased result

Workings

Purchase consideration = 250,000*15 =3,750,000

Percentage acquired = 100%

Fair value of net asset = 3,000,000+400,000+75,000= 3,475,000

Goodwill = 3,750,000=3,475,000 =275,000

6 0

4 years ago

The product cost that is most difficult to associate with a product is:.

saw5 [17]

Answer:

hshhfjfjfjr you Lord for his birthday and the family doing l you Lord you Father for orders please let her have a good morning to you Lord for all of your hard work in the hospital and the family have seen the look of your hips

7 0

3 years ago

When must a breach be reported to the u.s. computer emergency readiness team?

Dvinal [7]

Immediantly after it happens

3 0

3 years ago