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3 years ago

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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Tessler farms has a return on equity of 11.28 percent, a debt-equity ratio of 1.03, and a total asset turnover of .87. what is t

Digiron [165]

<span>Return on equity = 11.28 percent = 11.28/100 = 0.1128
debt-equity ratio =1.03
total asset turnover = 0.87
return on assets = ?
we can find return on assets by using the formula
= return on equity / (1 + debt equity ratio)
= 0.1128 / (1 + 1.03)
= 0.1128 / 2.03
= 0.0556 = 0.0556 x 100 = 5.56%
So, the return on assets is 5.56%</span>

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3 years ago

The country of Trevanvia goes through a period of recession, which leaves a large number of people unemployed due to extensive l

alexira [117]

Answer:

Trough

Explanation:

Trough economic situation is when the recession is hardest and comes after the phase of contraction where growth slows, employment declines (unemployment increases), and pricing pressures subside.

Trough is characterized by large number of people being unemployed due to extensive layoffs by companies in order to cut down their costs and reduce their output during the period of economic decline

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3 years ago

On January 1, 2021, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on Septemb

Ket [755]

The final cost of Dreamworld's warehouse is $1554000

Explanation:

Expenditure Time period Average expenditure

January 1,2021 300000 12/12 300000

September 1,2021 450000 4/12 150000

December 31,2021 450000 0/12 0

Total 1200000 450000

Interest capitalized for 2021 54000 = 450000 into 12%

Total expenditure till Jan 1, 2022 1254000 = 1200000 + 54000

Expenditure Time period Average expenditure

Total expenditure

till Jan 1,2022 1254000 9/9 1254000

March 31,2022 450000 6/9 300000

September 30,2022 300000 0/9 0

Total 1554000

Therefore, the Option B $1,554,000 is correct final cost of Dreamworld's warehouse.

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4 years ago

Long-term investments tie up money for

Nezavi [6.7K]

Answer:Long-term investments tie up money for More than one year.

One reason why individuals focus on long-term investments is to save for retirement.

A(n) 401(k) allows both employees and employers to contribute to a retirement plan.

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3 years ago

When a cpa examines a client's projected financial statements the cpa's report should:________.

8090 [49]

The CPA or Certified Public Accountant's report should <u>state that the CPA performed procedures to evaluate management assumptions</u> when they examine a client's projected financial statements.

CPAs are public accountants who are licensed to practice their profession publicly and must always comply with the government's taxation practices and provisions of Statements on Standards for Accounting and Review Services.

Take note, CPA report doesn't refer to the their auditor's report on the historical financial statements. The report cannot also explain the principal differences between the historical statements and the projected financial statements.

Additionally, a CPA's report must not include the their opinion on the client's ability to continue as a going concern.

Curious about Code of Ethics for CPAs? Read here: brainly.com/question/28198157

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2 years ago