Answer:
B. forbidden.
Explanation:
A time deposit account is a special saving account that specifies the maturity date of deposits made. The accounts earns a higher interest than a regular savings account. The funds in a deposit account are expected to remain in the bank until maturity.
Withdrawing from a time account before maturity is not allowed. Should a customer demands to withdraw before maturity, he or she is penalized. The penalty may be to pay a fee to the bank or to forfeit interest earned.
Checks , paper bills & electronic money is the answer I believe
They live in Southern California.
In Northern California the buyer usually pays the escrow service fees.
Explanation:
As a rule, escrow services price between 1 and 2 percent of a house price for property transactions. In certain cases, the escrow fees may be calculated at $2 per mil of buy price plus $250, depending on the firm.
Similarly, who ends up paying the insurance in California varies depending on the county in which your property is located. The buyer occasionally pays, the vendor sometimes pays. This can be divided 50/50 in other instances. The policy applies to the buyer, how often the retailer pays for it or not.
Sellers have to pay the documents transfer tax at the closing of the escrow in Northern California. The payment is valued at $1.10 per selling price of 1000 dollars. The seller's side of the escrow also includes recording charges, liability, and appraisals.
Answer:
The correct answer is letter "A": One method requires writing off of uncollectible accounts and the other does not.
Explanation:
Both the allowance method and the direct write-off method are useful to adjust uncollectible accounts receivable on the Balance Sheet. The <em>allowance method of accountin</em>g records an estimate of bad debt expenses in a reserve account called the allowance account. Under this method, the net realizable value is reported on the balance sheet. Generally Accepted Accounting Principles rule the allowance method of accounting.
On the other hand, the <em>direct write-off method</em> charges an expense when there is enough reason to believe that an invoice will not be made.
Thus, <em>the least important difference between the two methods of accounting relies on the fact that there are no write-offs in the allowance method of accounting but there are on the direct write-off method.</em>
Answer: True
Explanation:
Six Sigma projects have eight essential phases which are to; 1. recognize
2. define
3. measure
4. analyze
5. improve
6. control
7. standardize and
8. integrate.
It is a method whose primary objective is improving profit making by improving quality and efficiency standards. Project teams utilising this method want to reduce variability in processes by actively seeking out potential sources of waste especially in overtime and warranty claims.
They also investigate production backlogs or areas in need of more capacity and focus on customer and environmental issues.
