Answer
A. High interest rate and long time period conditions will maximize the amounts of interest you earn.
Explanation
When interest rates are high, there will be a higher increase from the savings and money invested that was first placed. Continuation of such a condition will in the long run caused an accumulation of the added interest thus making it to keep growing larger if not withdrawn.
Accompanying the bank statement was a debit memo for bank service charges. On the bank reconciliation, the item is a deduction from the balance per the company's records.
<h3>What is
a bank statement?</h3>
Generally, Bank service charge refers to the fees that the bank levies against the company for the company's transactions involving its bank account.
This is shown as a deduction on the company's bank statement as reported by the bank, but it has not yet been recorded in the company's records.
Along with the bank statement, there was a debit memo for the bank service charges that were included. According to the records of the company, the item will be deducted from the total balance on the bank reconciliation.
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Answer:
Simple rate of return is 5.8%
Therefore option (a) is correct option.
Explanation:
It is given that purchase cost = $793800
Company saving per year = $133000
Yielding = $21200
Annual depreciation = $88200
Annual profit = $133000 - $88200 = $44800
Net investment is equal to = $793800 - $21200 = $772600
Simple rate of return 
= 5.8%
Therefore simple rate of return is 5.8 %
So option (a) is correct.
Answer: d. a two year opportunity cost of $40,000 after leaving her teaching position.
Explanation:
Hi, to answer this we have to analyze the information given.
The difference between teaching modern dance and joining a touring dance company per year is:
- $44,000- $24,000 = $20,000
We simply subtracted the earnings per year at the touring dance company to the earnings per year of teaching modern dance.
The opportunity cost per year is $20,000.
Since she is joining the touring dance company for 2 years, the opportunity cost is:
Dawnell’s decision will result in a two-year opportunity cost of $40,000 after leaving her teaching position. (option d)
Answer:
Dividends account was decreased by $4800.
Explanation:
When dividends are declared, a temporary account called dividends is created. It is a contra equity account that decreases retained earnings account and has a debit balance (although it is included under stockholders' equity). Once the dividends are paid, this account is cancelled.
