Answer:
Statement Savings Account is said to be a deposit account held by a bank where a customer can earn interest .
In Statement Savings Account, the interest will be relatively low and there may be a possibility of restricted number of withdrawals.
In Statement Savings Account, the interest rate gained can either increase or decline overtime while putting into consideration the interests rate set by the federal reserve.
In Statement Savings Account, a good number of this said savings investment offers debit cards which allows a customer to withdraw money via an ATM Machine or through electronic transfer.
In Statement Savings Account, there may be restrictions as regards the minimum account balance.
while
- In Certificates of Deposit, there is a strict requirement of meeting a minimum account and not being able to execute withdrawals from the said account for a given duration.
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In Certificates of Deposit, there is a significantly higher interest rate that that of a savings account.
- In Certificates of Deposit, a penalty is put in place for initiating withdrawals prior maturity.
- In Certificates of Deposit, one is allowed to carry out withdrawals or roll the funds into a another certificate of deposit once the certificate of deposit term is completed.
Answer and Explanation:
The computation is given below:
NAV = (Total value - Liabilities) ÷ Number of shares outstanding
= ($260M - $2M) ÷ 6M
= $258M ÷ 6M
= $43
b. The premium or discount is
= (Market price - NAV) ÷ NAV
= ($40 - $43) ÷ $43
= -$3 ÷ $43
= -0.06976 or -6.98%
So here the fund should be sold at 6.98% discount
Answer:
The increase labor cost that differs with the hours worked, there is no effect on the quasi cost.
Explanation:s
Solution
In this example stated, the benefits will be given to the part time workers, but in the proportion or respect to the number pf hours worked or input
Labor cost per hour will increase.
Furthermore, this cost is not is not on the basis of employment, but rather on the basis of hours worked, so the quasi fixed cost is not affected on the long run.
Answer:
d. Debit Bad Debt Expense; Credit Accounts Receivable
Explanation:
This would be the entry needed to write-off this account. This is an example of the direct write-off method of accounting. This is a method that is employed to recognize bad debts expense that arises from credit sales. This method does not permit allowance account. Instead, an account receivable is written-off directly to expense after the account is determined uncollectible.
Although I'm not completely sure, I want to say it's D. number of social organizations
~Hope this helped!
