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Natalija [7]
2 years ago
11

What is a savings and loans bank? advantages and disadvantages.​

Business
1 answer:
VARVARA [1.3K]2 years ago
6 0

Three advantages of savings accounts are the potential to earn interest, it's easy to open and access, and FDIC insurance and security. Three disadvantages of savings accounts are minimum balance requirements, lower interest rates than other accounts/investments, and federal limits on saving withdrawal.

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What will happen to return on investment (ROI) if current assets decrease while everything else remains the same (assume the cur
swat32

Answer: There would be an increase on return on investment (ROI) if current assets decrease while everything else remains the same

Explanation: This is because when the profit(returns) is constant, but the assets drops in value, the new ROI will be relative drop in value of asset.

5 0
3 years ago
Colah Company purchased $2,400,000 of Jackson, Inc., 6% bonds at their face amount on July 1, 2021, with interest paid semi-annu
m_a_m_a [10]

Answer:

Dr bonds investment     $2,400,000

Cr cash                                                 $2,400,000

Dr cash                      $ 72,000.00  

Cr interest revenue                             $72,000.00  

Dr fair value adjustment  $ 340,000.00  

Cr unrealized gains                                     $340,000.00  

2022:

Dr cash                      $ 72,000.00  

Cr interest revenue                             $72,000.00  

Dr realized loss($2,160,000-$2,400,000)  $240,000

Cr fair value adjustment                                                      $240,000

sale of bonds:

Dr cash                        $2,160,000

Dr realized loss              $240,000

Cr bonds investment                               $2,400,000

Explanation:

Upon purchase of investment,the bond investments is debited with $2.4 million and cash credited with same amount

Interest revenue for last half year=$2,400,000*6%*6/12=$72,000.00  

unrealized gains=$2,740,000-$2,400,000=$340,000.00  

Interest for first half of 20222=$2,400,000*6%*6/12=$72,000.00  

7 0
3 years ago
Is there any disadvantage to a government subsidizing domestic firms to make them able to compete in price with cheaper imported
antoniya [11.8K]
They could end up financing them too much and need to borrow more money from China (we are very much in debt right now) nd then we would have more to pay

8 0
2 years ago
Skoot, an e-commerce startup company, recently paid $300,000 to Widget Corp., a company that provides Internet services and prod
nata0808 [166]

Answer:

Selling expenses

Explanation:

Selling expenses are the costs associated with distributing, marketing and selling a product or service.

Skoot wants data regarding online product searches which they would use to design their marketing campaigns and to gather customer insights.

The cost incurred is an expense that is termed selling expense, that would be classified as indirect expenses on their Income statement because they do not contribute directly to the making of products or delivery of a services.

7 0
3 years ago
Charles company used the percent of sales method to determine its bad debts expense. At the end of the current year, the company
fomenos

Answer:

$240,200

Explanation:

The computation of the account receivable amount reported in the balance sheet is given below:

Bad debt expense os

= $900000 × .50%

= $4,500

And,

Allowance for doubtful accounts after adjustment is

= $4,500 + $300

= $4,800

Now

Balance of account receivable is

= $245,000 - $4,800

= $240,200

8 0
3 years ago
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