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3 years ago

What type of bank account is best for everyday transactions?

Business

2 answers:

Salsk061 [2.6K]3 years ago

7 0

Answer:

checking accounts

Explanation:

checking accounts because of their easy access to withdrawals, transfers, checks, bill pay, and debit card purchases

Ilia_Sergeevich [38]3 years ago

6 0

Answer:

money market account?

Explanation:

I'm not positive but you could try if nobody else has an answer haha

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If congress and the president decide an expansionary fiscal policy is necessary, what changes should they make in government sp

Leno4ka [110]

If congress and the president decide an expansionary fiscal policy is necessary, what changes should they make in government spending or taxes? In this case, congress and the president should enact policies that increase government spending and decrease taxes.

An expansionary policy is a macroeconomic policy that encourages economic growth by expanding the money supply.

What changes should they make if they decide a contractionary fiscal policy is necessary? I<span>n this case, congress and the president should enact policies that decrease government spending and increase taxes.

A contractionary fiscal policy is made up of the governments budget including spending, taxes, transfer payments or social security. </span>

8 0

2 years ago

On May 31, 20X1, the Arlene Corporation adopted a plan to sell its cosmetics line of business, considered a component of the ent

nadya68 [22]

Answer:

$450,000

Explanation:

Note: In the given case there is no actual sale of the cosmetic line, it is still continued.

Therefore, there will be no realized gain or loss to be recorded in the books as the company did not even enter into any agreement to such sale.

But as the company is going to discontinue the note shall form part, as will affect the going concern concept for the component.

Therefore, entire amount earned from such operation of cosmetic line shall be reported as earnings from Discontinued operations.

Amount earned from operations of cosmetic line = $450,000, now, this shall be income from operations of discontinued component.

6 0

2 years ago

The balance in the j. higgins, withdrawals account was. the entry to close the account would include a:

PilotLPTM [1.2K]

The correct answer to this question would be a credit entry.

A withdrawal account has a debit balance throughout the accounting period when the owner makes a withdrawal. At the end of the accounting cycle there needs to be a closing entry made that would zero out the withdrawal account. This entry will be a credit to the withdrawal account and a debit to the capital account. The amount will be the balance in the withdrawal account in order to bring the balance to zero.

5 0

2 years ago

Company X had a net income of $25,000 for the year ended December 31, 2016. In 2016, Company X paid the out dividends of $10,000

Debora [2.8K]

Answer:

a. $45,000

Explanation:

The retained earnings of the Company X at the beginning of the year shall be determined using the following mentioned formula:

Retained Earnings at the end of year=Retained Earnings at the start of the year+net income for the year-dividend paid by company X

In the given question:

Retained Earnings at the end of year=$60,000

Retained Earnings at the start of the year=?

Net income for the year=$25,000

Dividends paid by Company X=$10,000

$60,000=Retained Earnings at the start of the year+$25,000-$10,000

Retained Earnings at the start of the year=$60,000-$25,000+$10,000

=$45,000

So based on the above calculation, the answer is a. $45,000

5 0

2 years ago

At Fairprice supermarket branches, they provide free fish cleaning services if fish were bought at their premises. Currently, on

Nina [5.8K]

Answer:

4.5minutes

Explanation:

The best mean minutes for fish waiting and cleaning is 4.5 minutes.

As said in the question that, clients request for this service every 8minutes, and it is a worker that is in charge of this service per branch, this means that if the worker is using 4.5 minutes to attend to a client, he or she will still have another 3.5 minutes to prepare for another customer. And this will definitely make the job easier for him or her, which means the worker will not be bombarded with request. And this will make him or her to render the best service to the customers.

5 0

3 years ago