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snow_tiger [21]
3 years ago
10

A regular checking account commonly earns interest true or false

Business
2 answers:
gayaneshka [121]3 years ago
7 0

Answer: False

Explanation: Traditionally, checking accounts are not interest-bearing accounts as savings accounts are, as they're designed for short-term cash that you'll spend soon. Savings accounts are better-known for earning interest, but these accounts ordinarily limit how often you can make certain withdrawals from the account.

Hope this helps! Brainlist?

musickatia [10]3 years ago
4 0
It would be false savings accounts earn earn interest checking accounts dont
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erekes Manufacturing Corporation has prepared the following overhead budget for next month. Activity level 3,200 machine-hours V
kvasek [131]

Answer:

Variable overhead= $44,330

Fixed overhead= $29,600

Total overhead= $73,930

Explanation:

Giving the following information:

Total variable overhead= $45,760

Total fixed overhead= $29,600

Total overhead cost= $75,360

<u>First, we need to calculate the  variable predetermined overhead rate:</u>

Variable predetermined overhead rate= 45,760/3,200= $14.3 per machine hour

<u>Now, for 3,100 hours:</u>

Variable overhead= 14.3*3,100= $44,330

Fixed overhead= $29,600

Total overhead= $73,930

6 0
3 years ago
On june 1, 2017, james places in service a new automobile that cost $40,000. the car is used 60% for business and 40% for person
Goshia [24]
You should start with 100% if he is decreasing then subtract
6 0
3 years ago
Read 2 more answers
Rachel Watts owns a chain of office supply stores. Over the past three years, Rachel has significantly increased her sales throu
gizmo_the_mogwai [7]

Answer: The correct answer is "a) acquisition".

Explanation: Rachel Watts owns a chain of office supply stores. Over the past three years, Rachel has significantly increased her sales through the outright purchase of additional office supply stores. Rachel is pursuing an <u>acquisition</u> strategy.

Acquisition: this is the growth formula that we can most commonly observe every day in the economic press. It is based on the procurement processes through which a market is accessed through a company that is acquired, with the peculiarity that it is in operation, which eliminates some hidden costs of internal growth.

5 0
3 years ago
For financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acqu
Llana [10]

Answer:

The answer is given below

Explanation:

Depreciable cost at 31 December 2021 (2,848,000-2,004,000)

Depreciable Cost                               $844,000

Less: Residual value                           ($232,000)

Written down value as at January 1 ,2021 612,000

Depreciation per year as per straight line method (612,000/3) $204,000

Depreciation expense   Dr.$204,000

Accumulated Depreciation Cr.$204,000

The change in depreciation method is change in estimate which is always accounted for prospectively.Therefore the written down value as at January 2021 will be depreciation over remaining useful life of the asset which is 3 years

4 0
3 years ago
Best Birdies produces ornate birdcages. The company's average cost per unit is $22 when it produces 2700 birdcages. If $5700 of
V125BC [204]

Answer:

Total cost= $75,315

Explanation:

Giving the following information:

The company's average cost per unit is $22 when it produces 2700 birdcages.

Fixed cost= $5700

We need to calculate the total cost for 3,500 birdcages.

<u>First, we need to calculate the unitary cost per unit:</u>

<u />

The average cost is calculated as follow:

Average cost= total cost/ number of units

22= total cost/2,700

Total cost= 59,400

If fixed costs are $5,700, total and unitary variable costs are:

Total variable cost= 59,400 - 5,700= 53,700

Unitary variable cost= 53,700/2,700= $19.89 per unit

<u>Now, we can determine the function cost:</u>

Total cost= fixed cost + variable cost

Total cost= 5,700 + 19.89*x

For 3,500 units:

Total cost= 5.700 + 19.89*3,500

Total cost= $75,315

4 0
3 years ago
Read 2 more answers
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