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oksian1 [2.3K]
2 years ago
12

Savers make deposits and investments in order to earn what?

Business
1 answer:
lyudmila [28]2 years ago
3 0

Answer:

Savers make deposits and investment in order to earn interest on their money. This often works very well because they do not earn only interest as a percentage of their money, but also interest as a percentage of previously accrued interest, something known as compound interest.

Savers do not invest their money directly with the businesses because real economic activity tends to be riskier (although it could also be more profitable for this same reason). This is why they often prefer to invest the money on financial instruments.

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osie Dry Cleaning was started on January 1, Year 1. It experienced the following events during its first two years of operation:
neonofarm [45]

Answer:

The Bad Debt expense will be in year 1;

Explanation:

The Bad Debt Expense         $45,000*1%=$450

The journal entry will be

Bad Debt Expense     Dr.$450

Account Receivable  Cr.$450

6 0
3 years ago
____________refers to information being available to users early enough to allow them to use it in the decision process.
S_A_V [24]

Answer:

The correct word for the blank space is: Timeliness.

Explanation:

Timeliness is a characteristic the Financial Statements must meet by which executives in decision-making positions could be able to read and comprehend what the information reflects on the company's well being so they can take proper action to correct the course of the company or find the way to keep it and improve it.

7 0
3 years ago
[The following information applies to the questions displayed below.] Vail Resorts, Inc., owns and operates five premier year-ro
Sphinxa [80]

Answer:

JOURNAL ENTRIES

01 Dec Debit bank $2,900,000 Credit Note payable $2,900,000

31 Dec Debit Snowplow $95,000 Credit Bank $95,000

  c)    Debit inventory $31,000 Credit Accounts Payable $31,000

  d) Debit Maintenance expense $55,000 Credit Bank $55,000

   e)Debit Bank $378,000 Credit Season Passes $378,000

    f) Debit Accounts receivables $740 Credit Revenue $740

   g)  Debit Cost of sales $420 Credit Inventory $420

    h) Debit Bank $260,000 Credit Daily lift passes $260,000

    i) Debit Bank $2,200 Credit refundable deposit $2,200

j)  Debit Accounts payable $15500 Credit Bank $15,500

 k) Debit Bank $410 Credit Accounts receivables $410

    l) Debit Salaries and Wages $264,000 Credit Bank $264,000

Explanation:

1. Prepare journal entries for each transaction. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

8 0
3 years ago
Liquidity is _________. Question 10 options: equal to the market value of a firm's total assets minus its total liabilities gene
azamat

Answer:

valuable to a firm even though liquid assets tend to be less profitable to own

Explanation:

3 0
2 years ago
Bakers are much likely to supply pastries to the market if property rights are not enforced. In the presence of market failures,
bixtya [17]

Answer:

1) When there is only one car dealership in a small town, giving the dealership the ability to influence the price of cars, market failure is due to <u>MARKET POWER. </u>

2) When a manufacturing plant dumps chemical waste into a nearby river, poisoning the water supply for a small town downstream, market failure is due to <u>EXTERNALITY.</u>

Explanation:

The car dealership has an excessive market power , which refers to the firms ability to increase the price of its products (cars) above the price of a competitive market.

When the manufacturing plant dumps chemical wastes into the river, it is causing a negative externality  on the town's water supply. This means that the town (which is a third party in this case) is suffering from the actions  of another party's economic transactions.

6 0
3 years ago
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