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3 years ago

All of the following are advantages of having a savings account except

Business

1 answer:

expeople1 [14]3 years ago

5 0

Answer:

Funds held in a savings account are highly liquid

Explanation:

The purpose of a savings account is the assist a customer achieve their saving objectives. A savings account is a secure way of accumulating funds for an intended purpose or keeping money that does not have immediate use.

Financial institutions that offer savings account limit on withdrawals to help a customer achieve planned saving objective. It means money saved is not accessible at will. Penalties apply should a customer insists on more than the acceptable number of withdrawals.

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In a tcs project that involves tcp ip customer ip and or partner/vendor ip, it is important for the tcs project team to comply w

const2013 [10]

The majority of nations, including India, do not have special laws safeguarding trade secrets, in contrast to other intellectual property rights like patents, trademarks, and copyrights. To safeguard trade secrets, the parties usually depend on contract law or the theory of misappropriation.

<h3><u>The points explaining TCS Scenario:</u></h3>

Rapid product development in workplaces and workshops designed in the manner of Silicon Valley helps customers of TCS Digital Reimagination Studio to utilize the advantages of digital technology.
These workspaces and workshops foster creativity and extremely agile cooperation.
The fundamental elements of IP governance must be understood and used by TCS workers. Your access must be immediately terminated.
This protection is only available through patents and utility models. Another party who rightfully created the necessary knowledge, such as B. Independently created inventions, may patent a trade secret. Once the secret is revealed, anybody can utilize it anyway they choose.
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2 years ago

A movie production studio incurred the following costs related to its current movie: Purchased office supplies on account: $36,0

PilotLPTM [1.2K]

Answer:

S/n General Journal Debit Credit

a. Office supplies $36,000

Account payable $36,000

b. Work in process $22,509

Office supplies $22,509

c. Manufacturing overhead $7,550

Office supplies $7,550

d. Work in process $32,503,220

Wages payable $32,503,220

e. Manufacturing overhead $574,327

Wages payable $574,327

f. Manufacturing overhead $957,320

Utilities payable $957,320

g. Work in process $3,250,322

Manufacturing overhead $3,250,322

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3 years ago

The Baldwin company will sell 100 units (x1000) of capacity from their Baker product line. Each unit of capacity is worth $6 plu

yKpoI14uk [10]

Answer: $2,210,000

Explanation:

From the question, we are informed that the Baldwin company will sell 100 units (x1000) of capacity from their Baker product line and that each unit of capacity is worth $6 plus $4 per automation rating.

We are further told that the Baldwin company will sell the capacity for 35% off. The amount they'll receive when the capacity is sold will be:

The cost per unit will be

= 6 + (4 × 7)

= 34

The worth of the capacity will now be:

= 100000 × 34

= 3,400,000

The amount received will be:

= 3400000 × (1-35%)

= 3400000 × 0.65

= $2,210,000

3 0

3 years ago

Which player in the economy supplies labor in the factor market?

Travka [436]

The player in the economy which supplies labor in the factor market is the households.

<h3>What is supply of labor?</h3>

This refers to the number of labor who are willing and able to find work in an economy. The supply for labor is also the hours worked by a workers within a time period.

Hence, the player in the economy supplies labor in the factor market is the households.

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2 years ago

Alex, who is single, conducts an activity in 2021 that is appropriately classified as a hobby. The activity produces the followi

Nataliya [291]

Alex, who is single, conducts an activity in 2021 that is appropriately classified as a hobby. The amount of income that Alex must report and the amount of the expenses he is permitted to deduct are:

Income $18,000

Expenses $3,000

An activity or business is classified as hobby :

The owner of the business is not making profit from the business
When their is no proof as to whether the business owner is making profit
When the owner does not intend to make profit from the business etc

Based on the given information the revenues or income amount of $18,000 will be the amount that will be reported by Alex as part of the gross income.

While the expenses or property taxed amount of $3,000 is deductible because the deductions are itemized deductions.

Inconclusion Alex, who is single, conducts an activity in 2021 that is appropriately classified as a hobby. The amount of income that Alex must report and the amount of the expenses he is permitted to deduct are:

Income $18,000

Expenses $3,000

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2 years ago