Checkable and debitable accounts in commercial banks and other financial institutions are classified as money because A. they sometimes earn an interest income for the depositor. B. banks hold currency in their vaults equal to the value of demand deposits. C. they are not liabilities of the banks. D. they are generally acceptable in the payment of debt.

Answers

Answer 1

Answer:

The answer is D.

Explanation:

Option D. They are generally acceptable in the payment of debt is correct. Checkable and Debitable are very liquid as they can be easily convertible to money. That is, it is indirectly like money.

Option B is wrong as it is not related to the question atal.

Option C is wrong because all customers' deposit are the liabilities of the banks.


Related Questions

Which federal regulatory agency would most likely bring a civil suit against a business that broke securities laws?

Answers

Which federal regulatory agency would most likely bring a civil suit against a business that broke securities laws?

answer:

THE SEC

science week1 qarter4 grade 8​

Answers

Answer:

Explanation:

444

Zhang Industries sells a product for $600. Unit sales for May were 500 and each month's sales are expected to grow by 2%. Zhang pays a sales manager a monthly salary of $4,500 and a commission of 1% of sales in dollars. Assume 35% of Zhang's sales are for cash. The remaining 65% are credit sales; these customers pay in the month following the sale. Compute the budgeted cash receipts for June.

Answers

Answer:

the budgeted cash receipts for June is $306,000

Explanation:

The computation of the budgeted cash receipts for June is given below:

Sales for June 510 units (500 × 1.02)

Receipts from cash sales $107,100 (510 × $600 × 35%)  

Receipts from credit sales $198,900  (510 × $600 × 65%)  

Budgeted cash receipts for June $306,000

Hence, the budgeted cash receipts for June is $306,000

Amend Inc. debited Accounts Receivable and credited Allowance for Uncollectible Accounts to reestablish an account previously written off. Amend Inc. should also debit _______ and credit _______. Multiple choice question. Accounts Receivable; Cash Cash; Allowance for Uncollectible Accounts Cash; Accounts Receivable Allowance for Uncollectible Accounts; Cash

Answers

Answer:

Cash; account receivable

Explanation:

The journal entry to reestablish an account previously written off is given below:

Cash Dr XXXXX

   To account receivable XXXXX

(being the reestablish an account previously written off is recorded)

Here the cash is debited as it increased the assets and account receivable is credited as it decreased the assets

A company has the following inventory data: July 1 Beginning inventory 20 units at $19 $ 380 7 Purchases 70 units at $20 1,400 22 Purchases 10 units at $22 220 $2,000 A physical count of merchandise inventory on July 30 reveals that there are 32 units on hand. Using the FIFO inventory method and a periodic inventory system, the amount allocated to ending inventory for July is

Answers

Answer:

$820.

1022=220; 3020=600;

220+600=820

Flowers, a married taxpayer, purchased an annuity for $64,400 that will pay $700 per month over the life of Flowers and Flowers' spouse. At the time of purchase the couple's joint life expectancy was 23 years. Flowers received payment beginning April 1, year 1, amounting to $6,300 in the first year of the annuity contract. How much is includible in Flowers' gross income in the first year

Answers

Answer:

Explanation:

$6,300ANSWER: C. $4200

23 x 12 x 700= 193,200

64,400/193200=0.333

700*0.333 = 467 = 467*9= $4203

Alberto is a lawyer and needs to calculate how much to charge a client for his services. He charges $225 for each hour. He spent 2 1/4 hours consulting with the client, 4 1/2 hours researching the client’s case, 3 hours negotiating with the other party’s lawyer, and 3 1/2 hours drawing up and filing court papers. How much will he charge?

Answers

Answer:

$2,475

Explanation:

Consulting with the client = 2 1/4 hours

Researching the client’s case = 4 1/2 hours

Negotiating with the other party’s lawyer = 3 hours

Drawing up and filing court papers = 3 1/2 hours

Total hours = 2 1/4 + 4 1/2 + 3 + 3 1/2

= 9/4 + 9/4 + 3 + 7/2

= (9+9+12+14) / 4

= 44/4

= 11 hours

Total hours = 11 hours

Charges per hour = $225

Total charges = Charges per hour × Total hours

= $225 × 11

= $2,475

Total charges = $2,475

Angelina hires Brad to drive a truck to a depot 200 mile away.She specifies the route that he is to take and tells him to be sure to arrive by 5:00 pm.On the way,Brad finds himself nodding off due to hunger.He checks the time and finds that he has plenty of time to make the 5:00 pm deadline so he decides to stop at a diner that he is familiar with.The diner is ¾ of a mile off of the route that Angelina had specified.Brad does not call Angelina to ask for permission.On the way to the diner,Brad runs a light and has a collision with Billy Bob.Billy Bob sues Angelina.
A) Angelina wins because Brad was on a detour, freeing her from liability
B) Angelina wins because Brad was on a frolic, freeing her from liability
C) Angelina loses because Brad was on a detour, so she is liable
D) Angelina loses because Brad was on a frolic, so she is liable

Answers

Answer: C) Angelina loses because Brad was on a detour, so she is liable.

Explanation:

Brad was acting under the employ of Angelina so Angelina will be liable for his actions while he is on duty so long as he is acting under the bounds of his employment commitments to her.

According to U.S. law, an employee is still within the bounds of employment commitment if they take a detour vs a frolic. As Brad only took a detour, he is still maintaining his commitments which means that Angelina is liable for his actions.

What is TRUE about time as a factor in investing?


A.

The more time the investor has, the more risk they can take because there is time to weather the declines in a stock and wait for it to regain some of its value before selling.


B.

Time rarely plays a large role in investment decisions or outcomes, and typically waiting to make decisions lowers an investor’s overall risk.


C.

If you have 10 years or more to invest, opening a savings account can be a good option for high-risk, high-reward investing.


D.

If you have a shorter time period to invest because you are nearing retirement, a higher-risk investment is generally a better choice.


plz help :)

Answers

Answer:

A. The more time the investor has, the more risk they can take because there is time to weather the declines in a stock and wait for it to regain some of its value before selling.

Explanation:

This is basically the reason why younger investors can afford higher risks than older investors. If you are 60 years old, you will probably invest in very secure stocks or bonds. Instead, when you are 25, you can afford investing in risky stocks that have higher than average growth potential.

Answer:

The more time the investor has, the more risk they can take because there is time to weather the declines in a stock and wait for it to regain some of its value before selling.

Explanation:

I got it right on the test nun to worry about.

An all-equity new firm is developing its business plan. It will require $615,000 of assets (which equals common equity), and it projects $450,000 of sales and $355,000 of operating costs for the first year. Management is reasonably sure of these numbers because of contracts with its customers and suppliers. It can borrow at a rate of 7.5%, but the bank requires it to have a TIE of at least 4.0. The firm will use debt and common equity for financing. What is the maximum debt to capital ratio (measured as debt/total common equity) the firm can use

Answers

Answer:

51.49%

Explanation:

Calculation to determine the maximum debt to capital ratio (measured as debt/total common equity) the firm can use

First step is calculate the Interest Expense

Using this formula

Times Interest earned ratio = Earning Before Interest and Tax / Interest Expense

Let plug in the formula

4.0 = ( Sales - operating costs ) / Interest Expense

4.0 = ( $450,000 - $355,000 ) / Interest Expense

4.0 = $95,000 / Interest Expense

Interest Expense = $95,000 / 4.0

Interest Expense = $23,750

Second step is to calculate the Total Debt

Interest Expense = Total Debt * Interest on Debt

$23,750 = Total Debt *7.50%

Total Debt = $23,750 / 7.50%

Total Debt = $316,667

Now let determine the Debt ratio

Debt ratio = Total Debt / Total Assets

Debt ratio = $316,667 / 615,000

Debt ratio = 51.49%

Therefore the maximum debt to capital ratio (measured as debt/total common equity) the firm can use is 51.49%

for private goods allocated in markets, a. prices guide the decisions of buyers and sellers and these decisions lead to an inefficient allocation of resources. b. the government guides the decisions of buyers and sellers and these decisions lead to an efficient allocation of resources. c. prices guide the decisions of buyers and sellers and these decisions lead to an efficient allocation of resources. d. the government guides the decisions of buyers and sellers and these decisions lead to an inefficient allocation of resources

Answers

Answer:

c. prices guide the decisions of buyers and sellers and these decisions lead to an efficient allocation of resources.

Explanation:

As we know that the private goods are considered to be the rival and excludable so the consumers who pay for the private goods and the producers of the private goods could exercise the property rights over and across them. Also the market efficiently distributed the resources for private goods production

So as per the given situation, the option c is correct

what is decomposition?Name two types of decomposers and describe their importance.....​

Answers

Answer:

A decomposer is an organism that decomposes, or breaks down, organic material such as the remains of dead organisms. Decomposers include bacteria and fungi. Mushrooms, such as those in the image above, are a type of fungus and play a role in decomposition.

Industry value chains Multiple choice question. generally have little effect on the company's cost competitiveness and customer value proposition. include both suppliers and forward channel partners. do not take into consideration the buyer or end-user value chain. tend to be highly similar across industries.

Answers

Answer:

include both suppliers and forward channel partners.

Explanation:

An industry value chain can be defined as a physical representation of all of the activities and processes undertaken by a company or business firm for the manufacturing of goods and services, especially starting with the purchase of raw materials, manufacturing of finished goods and then ending with the delivery of the finished goods (products) to the market and consumers through a supply chain.

This ultimately implies that, industry value chains include both suppliers and forward channel partners.

In conclusion, an industry value chain should comprise of the margins of suppliers, value-creating activities and processes, costs, and forward channel partners.

Bill plans to deposit $200 into a bank account at the end of every month. The bank account has a nominal interest rate of 8 percent and interest is compounded monthly. How much will Bill have in the account at the end of 2½ years (30 months)?

Answers

I think you will have 6,000 by the end of 2 years

The amount that should have in the account at the closing of 30 months is $6,617.77.

Given that,

The rate of interest = 8% ÷ 12 = 0.6666%The nper is = 2.5 × 12 = 30The monthly payment or pmt is $200The present value be $0

Now the following formula should be used:

=-FV(RATE,NPER,PMT,PV,TYPE)

After applying the above formula, the future value is $6,617.77.

Therefore we can conclude that The amount that should have in the account at the closing of 30 months is $6,617.77.

Learn more about the future value here: brainly.com/question/8286272

Your boss at work is known as a one-solution-fits-all problems type manager. This approach to problem solving is most characteristics of Group of answer choices younger adults. older adults. individuals experiencing terminal decline. concrete operational thinkers.

Answers

Answer:

older adults.

Explanation:

From the question we are informed about an instance whereby your boss at work is known as a one-solution-fits-all problems type manager. This approach to problem solving is most characteristics of older adults. One-solution-fits-all problems approach can be regarded as problem solving approach whereby there is standard approach to all problems, in this case it is not tailored to individual problem needs. The style and approach that is used by that particular manager in solving problems in that particular organization will fit in to solve all related problems that could surface.

Suppose that a worker in Cornland can grow either 40 bushels of corn or 10 bushels of oats per year, and a worker in Oatland can grow either 5 bushels of corn or 50 bushels of oats per year. There are 20 workers in Cornland and 20 workers in Oatland. If the two countries do not trade, Cornland will produce and consume 400 bushels of corn and 100 bushels of oats, while Oatland will produce and consume 60 bushels of corn and 400 bushels of oats. If each country made the decision to specialize in producing the good in which it has a comparative advantage, then the combined yearly output of the two countries would increase by

Answers

Answer:

see. I hope it's helpful for you lol

Explanation:

i need friend lol can you my friend

If C= 450+0.5 Yd la= 275 billion Ga= 875 billion (X-M)a= - 50 billion, calculate the multiplier for this economy. Show method -

Answers

Answer:

Multiplier = 2

Explanation:

Below is the calculation of multiplier:

Given, C = 450 + 0.5Yd

la = 275

Ga = 875

X-M = -50 billion

Plug these values in the below formula:

AD = C + Ia + Ga + ( X - M )a

Y = 450 + 0.5Y  + 275 + 875 + 50

0.5Y = 1650

"A"  is the autonomous expenditure.

Thus, A = 1650

0.5Y = A

Multiplier= Change in Y/ Change A

Change in Y/ Change A =1/0.5

Change in Y/ Change A =2

Thus, Multiplier = 2

If a loan has a nominal annual rate of 8%, then the effective rate can never be greater than 8%. b. If a loan or investment has annual payments, then the effective, periodic, and nominal rates of interest will all be different. c. The present value of a 3-year, $150 annuity due will exceed the present value of a 3-year, $150 ordinary annuity. d. The proportion of the payment that goes toward interest on a fully amortized loan increases over time.

Answers

Answer:

c. The present value of a 3 year, $150 annuity due will exceed the present value of a 3 year, $150 ordinary annuity.

Explanation:

Annuity is a lump sum payment of the present value of invested amount or profits which is to be received by the investor at the maturity date. The annual profits are summed up and then annuity is calculated to identify the real worth of money expected to be received in future.

A company is considering the purchase of a new machine for $48,000. Management expects that the machine can produce sales of $16,000 each year for the next 10 years. Expenses are expected to include direct materials, direct labor, and factory overhead totaling $8,000 per year plus depreciation of $4,000 per year. All revenues and expenses except depreciation are on a cash basis. The payback period for the machine is 12 years. True False

Answers

Answer:

False

Explanation:

Annual cash inflow = Sales revenue - Cash expenses

Annual cash inflow = $16,000 - $8,000

Annual cash inflow = $8,000

Cost of machine = $48,000

Payback period = Cost of machine/Annual cash inflows

Payback period = $48,000/$8,000

Payback period = 6 years

So, the payback period for the machine is 6 years.

During July at Pool Company, $65,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $4,000. The journal entry to record this requisition would include a debit to Manufacturing Overhead of: Multiple Choice $65,000 $4,000 $0 $61,000

Answers

Answer:

$4,000

Explanation:

Preparation of the journal entry.

Based on the information given we were told that The indirect materials totaled the amount of $4,000 which means that the appropriate journal entry to record this requisition would include a DEBIT TO MANUFACTURING OVERHEAD of the amount of $4,000.

(To record requisition)

Assume two economies are identical in every way except that one has a higher saving rate. According to the Solow growth model, in the steady state the country with the higher saving rate will have ______ level of output per person and ______ rate of growth of output per worker as/than the country with the lower saving rate. A. the same; the same B. the same; a higher C. a higher; the same D. a higher; a higher

Answers

Answer:

a higher; the same

Explanation:

Solow's law attempts to explain how long term productivity is affected by capital accumulation and population growth.

As population increases the steady state of capital per person decreases.

However when the rate of savings is high in the economy there will be a larger capital stock and higher output in the long run.

If the economies are identical as is stated above the the rate of growth of output per worker will be the same.


Name FIVE factors that must be considered when choosing a form of ownership.

Answers

Answer:

1) financing, taxation,risk tolerance, continuity and transferability,entrepreneurial ability

Explanation:

,

(A) If variances are prorated at the end of the accounting period, an unfavorable direct materials price variance will, when prorated, increase the value of the Finished Goods Inventory. (B) Insignificant variances are not generally prorated at the end of the accounting period and are closed to the Cost of Goods Sold. Group of answer choices

Answers

Answer:

Both A and B are correct.

Explanation:

Variance analysis help the business to identify the deviation from their budgeted expenditures. The budget cost or volume is analyzed against the actual expenditure or production volume. Variance can be favorable or unfavorable. An unfavorable material price variance will increase the cost of finished goods.

The statements that are true include C. Both of these are true.

From the complete question, it should be noted that if variances are prorated at the end of the accounting period, an unfavorable direct materials price variance will increase the value of the finished goods inventory when prorated.

The price variance is the difference between the expected cost of an item and the actual cost of the item when it was purchased. Also, insignificant variances are not generally prorated at the end of the accounting period and are closed to the cost of goods sold.

Therefore, both options are true.

Read related link on:

https://brainly.com/question/48729440

What would be Tipical Day for a Doctor ?​

Answers

Answer:

20 patients would be tipical Day for a doctor

hope it is helpful to you

With an average of 20 patients daily, physicians jump from patient to patient and diagnosis to diagnosis. One may come in with a rash; the next complains of heartburn; the next, chest pain; and so on.

Mr. Branson is the CEO for a social media firm and works with his office door closed. At the same time every hour he opens the door to see what his employees are doing. The employees have learned to work especially hard during the five minutes before and while the door is open. Their work pattern is typical of responses that are reinforced on a ________ schedule

Answers

Answer:

fixed-interval

Explanation:

Fixed interval schedule of monitoring by Supervisors in a workplace is the used of a fixed time to evaluate the activities that are happening in an organisation.

For example in this case Branson is at the same time every hour he opens the door to see what his employees are doing.

However they only work hard when the door opens and relax afterwards.

The main disadvantage of fixed interval schedule is that responses are high at the point of monitoring and declines afterwards.

The best option will be to use a random schedule that way the respondents will always be doing their best in case they are being monitored

can someone who owns a successful business give me inspiration on achieving to be a successful business owner​

Answers

Answer: Have a sellable plan, be innovative & consistent

Explanation:

There are some things to consider that would guide you on a successful part in any venture you going into.

1) Have a plan, a sellable one; people would only buy what they need, so going into business, are you selling what they need or what you feel like doing?

2) Be innovative; innovation is one item that keeps you in market above others for a long time, if you can't be innovative, you'll leave the market earlier than you would ever imagined.

3) Be consistent; doing business is really hard, especially when you intend succeeding. You have to be consistent both in good and bad days, the result of these speaks over time.

If you 2,000,000,000 dollars what would you do with all that money

Answers

Answer:

put about 500,000,000 in stocks ,and 200,000,000 in bitcoin. Than start my own business save 1,100,000,000 in a bank or store it somewhere no one else can find it and than buy a beach side home and classic mustang cuz why not im rich

Explanation:

cuz I can

Josie is interested in purchasing a computer and is overwhelmed by the many different models available. She decides to consult a magazine devoted to reviewing the quality of home computers. After reading a number of articles stating the pros and cons of each model, she decides on a computer. Josie has been persuaded to purchase this particular computer because of the _____ route to persuasion.

Answers

Answer:

Central

Explanation:

From the question, we are informed about Josie who is interested in purchasing a computer and is overwhelmed by the many different models available. She decides to consult a magazine devoted to reviewing the quality of home computers. After reading a number of articles stating the pros and cons of each model, she decides on a computer. Josie has been persuaded to purchase this particular computer in this case, because of the central route to persuasion. Persuasion can be regarded as the act of making people to act or do something. The primary types are central route and peripheral route.

The central route to persuasion can be regarded as type of persuasion consisting of thoughtful consideration about the arguments i.e about the ideas as well as content of the message.once central processing starts by the receiver then the receiver has become active participant in the process of persuasion.The central route to persuasion make use of facts as well as information in persuading potential consumers.

What do we call a business that focused on building products that meet consumers' needs?

Answers

Answer: Market oriented business

Explanation:

Market orientation refers to the business philosophy whereby companies identifies the needs of their customers and make products that meet such needs or wants.

A business that's using market orientation will research the current trends in the market and make products that meet them. Strong brands use market orientation approach to meet customers needs.

This is a receipt for a purchase made at a restaurant in Sacramento, California. The total cost of the food and drinks before taxes was . The buyer paid in sales tax. Based on the receipt, Sacramento has a sales tax rate of .

Answers

Answer:

Total bill = $10.00Sales tax = $0.85Sales tax rate = 8.5%

Explanation:

According to the receipt in question, the buyer paid a total bill of $10.00.

Buyer also paid a sales tax of $0.85.

The total cost of the food was $10.00 and a sales tax of $0.85 was paid.

The sales tax is based on the amount paid so the sales tax rate is the percentage of $10 that $0.85 is.

= Sales Tax / Total bill * 100%

= 0.85 / 10 * 100%

=  0.085 * 100%

= 8.5%

Answer:

1- B) $10.00

2- A) $0.85

3- B) 8.5%

Explanation:

I did it on edge and got it right

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