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2 years ago

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

Business

1 answer:

otez555 [7]2 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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Describe external resources useful to entrepreneurs during concept development

marin [14]

The external research that would be useful would be research.
Research could be divided into direct and indirect.
Direct research is being done by directly ask the potential customer what they want (through things like questionnaire)
And indirect research is being done through observation (pay attention to the market trend)

4 0

3 years ago

Lasch Co. recorded a right-of-use asset of... I. Lasch Co. recorded a right-of-use asset of $200,000 in a 10-year operating leas

svet-max [94.6K]

Answer:

187, 450.00

Explanation:

Cost of the asset : $ 200,000.00

Interest rate at 10 %

Payment per year = 32,550.00

First year total amount due = 10% plus asset cost

= ($200,000x 10/100)= 200,000

=$20,000+200 000

=$220,000.00

After deduction = $220,000- 32, 550

=$ 187, 450.00

4 0

4 years ago

Atlanta Cement, Inc. buys on terms of 2/15, net 30. It does not take discounts, and it typically pays 65 days after the invoice

shusha [124]

Answer:

The nominal annual percentage cost of its non-free trade credit, based on a 365-day year is 0.2795%

Explanation:

The computation of the nominal annual percentage is shown below:

= Discount rate ÷ (100 - discount rate) × ({Total number of days ÷ payable days} - discount days)

= 2% ÷ ( 100 - 2%) × (365 days ÷ 65 days - 15 days)

= 2% ÷ (98% × 7.3)

= 2% ÷ 7.154

= 0.2795%

The net purchase amount is irrelevant. hence, this part is ignored

5 0

3 years ago

The Harrisburg Store has net working capital of $2,715, net fixed assets of $22,407, sales of $31,350, and current liabilities o

Maurinko [17]

Answer:

1.08 dollars of sales are generated from every $1 in total assets.

Explanation:

Calculate Current asset from net working capital formula:

Net Working capital = Current Assets - Current Liabilities

$2,715 = Current Assets - $3,908

Current Assets = $2,715 + $3,908

Current Assets = $6,623

Now calculate Total Assets:

Total Assets = Fixed Asset + Current Assets

Total Assets = $22,407 + $6,623

Total Assets = $29,030

We can calculate dollars' worth of sales are generated from every $1 in total assets by following formula:

Asset turnover ratio = Net Sales / Total Assets

Asset turnover ratio = $31,350 / $29,030 = 1.08

6 0

3 years ago

Fiona and her fellow Green Committee members are studying the effects of the use of energy-efficient light bulbs. Which of these

Kamila [148]

The correct answer is B.) Hope this helps!

3 0

3 years ago