The three common types of checking accounts are basic, interest-bearing, and lifeline?

Business

1 answer:

otez555 [7]3 years ago

3 0

Answer:

True

Explanation:

Quizlet: Name three common types of checking account? basic checking account, interest-banking checking account, and Lifeline checking accounts.

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Jorge and Fred have a product they would like to sell. They decide to share the risks and profits by forming an unincorporated b

sukhopar [10]

<span>The business organization Jorge and Fred have most likely formed is an Partnership. Because they share all profits and risks caused by an organisation. There is a major advantage in partnership where we can take decisions and plans together and strive towards the excellence of the organization. Even-though there is a debt problem we can share and solve the debts.Mutual Understanding is the main point in Partnership.</span>

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3 years ago

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Robert White will receive from his investment cash flows of $4,450, $4,775, and $5,125. If he can earn 7 percent on any investme

artcher [175]

Answer:

Total future value= $16,402.09

Explanation:

Giving the following information:

Robert White will receive from his investment cash flows of $4,450, $4,775, and $5,125. He can earn 7 percent on any investment that he makes.

To calculate the future value, we need to use the following formula for each cash flow:

FV= PV*(1+i)^n

Year 1= 4,450*1.07^3= 5,451.44

Year 2= 4,775*1.07^2= 5,466.90

Year 3= 5,125*1.07= 5,483.75

Total future value= $16,402.09

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3 years ago

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What are the criteria for distinguishing between a deductible expense and a capital expenditure?

Lelu [443]

The criteria for distinguishing between whether an expenditure is a capital item or a deductible expense is the useful life of the item.

If the purchase is going to be used and no longer have value at the end of the reporting period it is an expense for that period. If the item is a capital item it is going to have a longer useful life. In this case the item is depreciated over its useful life, assigning an expense amount to each accounting period that the item has value.

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3 years ago

Suppose that the quantity of DVD players sold increased from 200 to 400 when the price fell from $225 to $175. Over this price r

Nataly_w [17]

Answer:

Option D.

Explanation:

Given information:

$Q_1=200, Q_2=400$