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777dan777 [17]
2 years ago
8

Which of the following is NOT a benefit of putting money in a savings account?

Business
1 answer:
mote1985 [20]2 years ago
4 0

I 'm not sure but the answer might be A.

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________ is a financial institution owned by investors that focuses on business customers, providing bank accounts along with sp
Virty [35]

Answer:

Commercial bank.

Explanation:

A commercial bank is a financial institution that provides financial services to the public such as offering loan services, accepting deposits, foreign exchange, providing bank accounts. They encourage savings and are good sources of finance to businesses and industry.

3 0
2 years ago
The comparison of the actual results of capital investments to the projected results is referred to as?
harina [27]

The comparison of the actual results of capital investments to the projected results is referred to as post-audit.

The payback method determines how long it will take for the company to recoup its investment. Annual cash flows are compared to the initial investment, but the time value of money is not considered and cash flows beyond the payback period are ignored.

Companies apply the time value of money in a variety of ways to make yes or no decisions about investment projects and between competing projects. Two of the most common methods are net present value and internal rate of return (IRR).

The minimum return on the capital investment required by management is called the return on investment. The collection method considers cash flows that occur both during and after the collection period.

Learn more about capital investments at

brainly.com/question/7442083

#SPJ4

6 0
1 year ago
While there is systematic risk within a nation, it may be ______ and diversifiableoutside the country after constructing a globa
tresset_1 [31]
<span>While there is systematic risk within a nation, outside the country it may be nonsystematic and diversifiable.</span>
3 0
3 years ago
Additional sales were made to Larry by Bird in 2018; inventory costing $24,000 was transferred at a price of $40,000. Of this to
Alona [7]

Answer:

$11,200

Explanation:

As not mentioned in the account. It is Assumed that the Larry and Bird are related parties and Bird made a sale at a transfer price of $40,000 with $24,000 cost of inventory.

Bird can only recognize the equity up to the ratio of inventory used or sold by the related party.

As 30% was not consumed then consumption will be 70%, so 70% of the income is realized and it will be recorded.

Equity Income = $40,000 - $24,000 = $16,000

Realized Equity income = $16,000 x 70% = $11,200

* There is some ambiguity in the question given.

7 0
2 years ago
Selected transactions completed by Equinox Products Inc. during the fiscal year ended December 31, 20Y8, were as follows:
Xelga [282]

Answer:

Equinox Products Inc. during the fiscal year ended December 31, 20Y8

Journal Entries:

Jan 3.

Debit Cash Account $450,000

Credit Common Stock $300,000

Credit Additional Paid-in Capital: Common Stock $150,000

To record the issue of 15,000 shares of $20 par at $30 per share.

Feb. 15

Debit Cash Account $400,000

Credit Preferred 5% Stock $320,000

Credit Additional Paid-in Capital: Preferred Stock $80,000

To record the issue of 4,000 shares of $80 par at $100 per share.

May 1:

Debit Cash $520,000

Credit 5% 10-year Bonds $500,000

Credit Bond Premium $20,000

To record the issue of $500,000 at 104, with interest payable semiannually.

May 16:

Debit Dividends: Common Stock $50,000

Debit Dividends: Preferred Stock $20,000

Credit Dividends Payable $70,000

To record the declaration of a quarterly dividend of $0.50 per share on 100,000 common stock shares and $1.00 per share on 20,000 preferred stock shares.

May 26:

Debit Dividends Payable $70,000

Credit Cash Account $70,000

To record the payment of cash dividends.

Jun. 8:

Debit Treasury Stock $160,000

Debit Additional Paid-in Capital: Common Stock $104,000

To record the repurchase of shares at $33 per share.

June 30:

Debit Dividends: Preferred Stock $20,000

Credit Dividends Payable $20,000

To record the declaration of a quarterly dividend of $1.00 per share on 20,000 preferred stock shares.

Jul. 11:

Debit Dividends Payable $20,000

Credit Cash Account $20,000

To record the payment of cash dividends.

Oct. 7:

Debit Cash Account $98,800

Credit Treasury Common Stock $52,000

Credit Additional Paid-in Capital: Common Stock $46,800

To record the reissue of 2,600 shares of treasury common stock at $38.

Oct. 31:

Debit Bonds Interest $12,500

Credit Cash Account $12,500

To record the payment of semiannual interest on the bonds.

Debit Bond Premium $1,000

Credit Bond Premium Amortization $1,000

To record the amortization of the premium for six months using the straight-line method.

Explanation:

a) Common Stock issued at $30 with $20 par value means that the shares were issued at above par value.  The difference is accounted for in a separate account called Additional Paid-in Capital.  The same applies to the preferred stock issued at above par value.

b) The face value of the Bonds is $500,000 but issued at a premium.  The total premium is $20,000 ($500,000 x 0.04).

c) Dividends on the Common Stock = $0.50 * 100,000 shares = $50,000.  The preferred stock dividends = $1.00 * 20,000 = $20,000.

d) Treasury Stock represents the value of common stock repurchased or reissued from stockholders by the company.  There are two methods to treat the above or below par value at which the shares are repurchased or issued.  One method is the costing method where the above or below par value is not taken to a separate account, but everything is treated in the Treasury Stock account.  The other method is the par value method.  This treats the above or below par value in the Additional Paid-in Capital account.  This is the method adopted here.  Note that Treasury Stock is a contra account to the Common Stock.

e) Bond Premium Amortization (straight-line method) is calculated as follows: $20,000/10 *6/12 = $1,000 for six months.  A Premium on Bonds arises when the bonds are trading at above the face value.  The amortization of Bond Premium is the write-down of the excess premium paid or received over and above the face value of the Bond.  In this case, we used the straight-line method.

6 0
2 years ago
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