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3 years ago

What does it mean to set up an ""automatic deposit"" and why is this a good savings strategy?

Business

1 answer:

Anna71 [15]3 years ago

5 0

Answer:

It is an Eletronic Payment Method

Explanation:

An automatic deposit is a payment processing option where funds are deposited directly into the recipients' bank account. It is an electronic service applied in paychecks, tax refunds, and pensions. Individuals can set up such a service with their banks or employers.

As a saving strategy, an employee instructs the employer to make automatic payments to their savings account. The employee will decide the amount they want to save. The amount is deducted from their pay and send to their savings account. Business people can also instruct their bank to deduct a certain amount from the business account and send it to their savings account.

This strategy is suitable for saving because it's efficient. The amount meant for savings will not be available for other purposes. The automatic deposit system ensures the amount intended for saving is saved.

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A new brand of peanut butter cookies includes Hershey's Kisses chocolates on top. Which of the following is this new brand using

astra-53 [7]

Answer:

B) brand alliance

Explanation:

Firms with a limited reputation sometimes form a brand alliance with a reputable firm so as to gain from the quality associated with the known brand

4 0

3 years ago

ang Co. manufacturers its products in a continuous process involving two departments, Machining and Assembly. Journalize the ent

Ksenya-84 [330]

Answer:

Raw Materials $180,000 (debit)

Accounts Payable $180,000 (credit)

Work In Process Machining : Direct Materials $73,000 (debit)

Work In Process Machining : Indirect Materials $9,000 (debit)

Work In Process Assembly : Indirect Materials $4,900 (debit)

Raw Materials $86,900 (credit)

Work In Process Machining : Direct Labor $23,000 (debit)

Work In Process Assembly : Direct Labor $47,000 (debit)

Salaries Payable $70,000 (credit)

Work In Process Machining : Depreciation $4,500 (debit)

Work In Process Assembly : Depreciation $7,800 (debit)

Accumulated Depreciation $12,300 (credit)

Work In Process Machining : Overheads $9,700 (debit)

Work In Process Assembly : Overheads $11,300 (debit)

Overheads $21,000 (credit)

Work In Process Assembly Department $14,900 (debit)

Finished Goods Inventory $83,400 (debit)

Work In Process Machining Department $98,300 (credit)

Accounts Receivables $100,000 (debit)

Cost of Goods Sold $68,000 (debit)

Sales Revenue $100,000 (credit)

Finished Goods Inventory $68,000 (credit)

Explanation:

Manufacturing Costs are accumulated in the Work In Process Account.

Finished Goods are Transferred from Work In Process Account to Finished Goods Inventory by Debiting Finished Goods Inventory Account and Crediting Work In Process Account.

4 0

3 years ago

In 2016, Chaya Corporation, an accrual basis, calendar year taxpayer, provided services to clients andearned $25,000. The client

Artemon [7]

Answer:

$27,333.33

Explanation:

The computation of the amount of income reported is shown below:

= Provided services to the customer + Payment received × number of months ÷ given number of months

= $25,000 + $12,000 × 7 months ÷ 36 months

= $25,000 + $2,333.33

= $27,333.33

The seven months is calculated from the June 1 to December 31. We assume the books are closed on December 31

7 0

3 years ago

You write one JNJ February 70 (strike price) put for a premium of $5. Ignoring transactions costs, what is the break-even price

Lera25 [3.4K]

Answer:

$65

Explanation:

The computation of the break even price for this position is shown below:

Break even price is

= Strike price - premium

= $70 - $5

= $65

The stock goes upward to $65 so you lose only $5 but it falls than the stock would be $0

Hence, the break even price of this position is $65

Therefore by applying the above formula we can get the break even price and the same is to be considered

4 0

3 years ago

The regulations restaurants must follow concerning restrooms

Hoochie [10]

Restaurants of any size are regulated by a variety of local, state and federal laws dealing with health and safety for customers and employees. A critical component of restaurant design is providing restrooms for customers and employees, and for both men and women in each category. This includes the physical facilities and signage, as well as provision for handicapped or wheelchair access. In most areas, a local health department is the key agency monitoring all regulations related to restaurant restrooms, and it should be consulted during the design phase. An inspection, including restrooms, normally is required before a restaurant can open.

3 0

3 years ago

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