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jek_recluse [69]
3 years ago
6

What's the difference between a checking account and a savings account?

Business
1 answer:
elena-s [515]3 years ago
6 0

Answer:

D. A checking account comes with a credit card.

Explanation:

A checking account is opened to facilitate regular bank transactions such as deposits, withdraws, cash transfers, payments, among others. There are no limits to the number of transactions that one can perform per period. Bank's fee and charges are applicable per transaction. To facilitate payments, withdrawals, and deposits, banks provide debit cards to customers.

Savings accounts are designed to help customers accumulate funds for future use. Banks limit withdrawals and offer interest payments to encourage customers to save. Savings accounts have fewer charges and don't come with debit cards.

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Bufford Corporation had reported the following amounts at December 31, 2022: sales revenue $184,000, ending inventory $11,600, b
Ronch [10]

Answer:

Option (b) $74,100

Explanation:

Data provided in the question:

Sales revenue = $184,000

Ending inventory = $11,600

Beginning inventory = $17,200

Purchases = $60,400

Purchase discounts = $3,000

Purchase returns and allowances = $1,100

Freight-in = $600

Freight-out = $900

Now,

Cost of goods available for sale

= Beginning inventory + Purchases + Freight-in - Purchases discounts - Purchase returns and allowances

= $17,200  + $60,400 + $600 - $3,000 - $1,100

= $74,100

Hence,

Option (b) $74,100

5 0
3 years ago
Listing agreements Must be in writing. Are not legally binding. Are unilateral employment contracts. Create an agency relationsh
Tanzania [10]

Answer:

Create an agency relationship.

Explanation:

Listing agreements: It is an agreement between the broker of real estate and the owner of real estate property which develops the agency relationship so that the agreement would be legally binding to each other.

Plus in this agreement, the broker has is to act as the agent of the owner property. In return to this, the broker gets the commission from the owner.

7 0
3 years ago
When people die, they usually own property, owe debts, and may be owed money by other people. The probate process is often requi
liq [111]

1. The personal representative of a decedent is known as an executor.

2. In a situation where the decedent does not have a valid will, the court-appointed representative who supervises the probate process is called an <u>administrator</u>.

<h3>What is the probate process?</h3>

The probate process refers to the formalized legal process followed to recognize a will and appoint the executor or administrator (as the decedent's personal representative) to administer the estate and distribute assets to the intended beneficiaries.

The executor or administrator is responsible for supervising the probate process and settling the estate of the deceased or decedent.

Thus, whereas, the personal representative of a decedent is called an <u>executor</u> with a valid will, they are known as <u>administrators</u> when the court appoints them to the office.

Learn more about administering a will at brainly.com/question/25694947

4 0
3 years ago
A transaction is initially recorded in the journal, and then subsequently posted to the general.
Sergio039 [100]

A transaction is initially recorded in the journal, and then subsequently posted to the general ledger

This is further explained below.

<h3>What is a ledger?</h3>

Generally, A book or group of accounts in which transactions pertaining to those accounts are documented is referred to as a ledger.

Each account has a carry-forward balance or a starting balance, and it would record each transaction as either a debit or a credit in distinct columns, as well as the account's ending or closing amount.

In conclusion, When a transaction occurs, it is first written down in the journal, and then it is later entered into the general ledger.

Read more about  ledger

brainly.com/question/14853484

#SPJ1

5 0
2 years ago
An outbreak of salmonellosis occurred after an epidemiology department luncheon, which was attended by 485 faculty and staff. as
liraira [26]

Out of the 485 who ate the same food items, 65 people had fever and diarrhea and five of them were severely affected. If there were 72 cases added based on the laboratory tests, clinically apparent cases will be (65+72) or 137. The ratio of severe cases to other clinically apparent cases was 5/137.

4 0
4 years ago
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