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Fantom [35]
3 years ago
9

A checking account is a liability to a commercial bank. an asset to a commercial bank. a liability to the household or firm that

has the account. an asset for the Federal Reserve System.
Business
1 answer:
Zarrin [17]3 years ago
8 0

Answer: liability to a commercial bank

Explanation:

A checking account is referred to as a form of bank account where the account owner can deposit and withdraw at ease.

It should be noted that a checking account is considered to be a liability to a commercial bank because the money can be withdrawn at any time by the owner of the account.

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General Importers announced that it will pay a dividend of $3.30 per share one year from today. After that, the company expects
masha68 [24]

Answer:

$9.40

Explanation:

First we have to calculate the future value of the stock when it starts to pay the $1.40 using the perpetuity formula:

stock price in 7 years = $1.40 / 10.7% = $13.08

Now we have to find the present value of both next year's dividend and the perpetuity:

stock price = ($3.30 / 1.107) + ($13.08 / 1.107⁷) = $2.98 + $6.42 = $9.40

3 0
3 years ago
I................................
asambeis [7]

Answer:

u..............................

6 0
3 years ago
What is the prime reason that Jenny's discretionary income is more volatile than her salary?
sweet [91]

Answer:

c. Her mortgage payments and necessities are fixed

Explanation:

Discretionary income is the remaining income after being paid out for all fixed expenses (i.e. Discretionary income = Salary - Mortgage - Income tax etc). The primary reason for variability in it is due to the mortgage payment and fixed expenses from the basic salary received.

So, option c is correct while other options are incorrect as tax does not affect as well as cost of living

7 0
3 years ago
Which of the following is a limitation of the direct write-off method of accounting for uncollectibles? a) The direct write-off
kotykmax [81]
The answer is

d) All of the above
8 0
4 years ago
Explain single product cost-volume-profit (CVP) and break-even analysis. Provide a hypothetical example of CVP and breakeven ana
pickupchik [31]
Cost volume profit shows the relation between sales volume, price and costs, these three factors affects the profit of company. Such CVP analysis used in decision making for the company. Profit volume(PV) ratio is one of the ratio from CVP analysis. PV ratio is the ratio between Contribution and sales of the company.

For example:- Let's say Sales of the company is $10,000,000 and variable cost = $3,585,000

Contribution will be Sales-variable cost = $10,000,000 - $3,585,000 = $6,415,000

PV ratio = Contribution/sales *100 = $6,415,000 / $10,000,000 * 100 = 64.15%

Here in this example, PV ratio of 64.15% is the contribution before fixed cost that a company has earned from its sales.

Break Even Analysis:-

Break even analysis show the situation where the company is at zero profit situation, means no profit no loss situation. Break even analysis or the break even point is the point that given the level at which company earns no profit or incurred no loss. Break even point is one of the analysis that comes under Break even analysis. Break even analysis is the ratio between fixed cost and PV ratio (%) of the company.

For example;- Let's say in the above example Fixed cost of the company is $1,300,000 and PV as calculated in the above example is 64.15% , Break even point will be Fixed cost / PV ratio = $1,300,000 / 64.15% = $2,026.500. This is the point where company is at zero profit/loss situation means company incurred no loss and earned zero profit.
7 0
3 years ago
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