What is the key difference between a transaction account (checking) and a time deposit (savings, CD, etc.)?

Answers

Answer 1

Answer:

A checking account is operated using a cheque book while a time deposit is operated by the use of a pass book

Explanation:

Here, we want to examine the difference between a transaction account and a time deposit account.

While both of these are accounts types used in banks, there are some key differences between them.

For a checking account, it is operated using a cheque book to request for funds inside while bearing a very little amount of interest due to the fact that withdrawals can be effected regularly.

For a time deposit account, although it bears a small difference with normal savings account due to the fact that the interest rate is lower. However, the difference here is that a passbook is used in requesting funds from it and it bears a higher interest rate compared to a checking account


Related Questions

Kenda needs her manager to review the memo she wrote so that she can send it out to her clients before the end of the day. what's the best way for kendra to end her email to her manager? question 1 options: a.please review the memo for any spelling or grammatical errors. b.here's the memo i want to send clients today. c.please review the memo and let me know if you have any changes by 3 p.m. today. d.do you think this looks ok?

Answers

The BEST way for Kendra to end her email to her manager is option A: Please review the memo and let me know if you have any changes by 3 p.m. today.

What do you mean of review?

A review is an opinion or analysis of something's quality. Review can also refer to going through a subject again as part of a study session or returning to something.

Note that when used as a noun and a verb, review has numerous additional meanings. A review is a critique of something, telling both its strengths as well as weaknesses.

Therefore, a book memo is an analysis of the book, or a review. A review, which is more than just a summary, presents an argument.

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What is the structure of Public corporation

Answers

Public corporate structures are managed by a board of directors. The members of the board are from all walks of industry and commerce. The chairmen of these corporations are appointed by the government. The entire capital is financed by the government.

Give 2 advantages of a corporation?

Answers

2 advantages of a business corporation include...

personal liability protectionbusiness security and perpetuity

Hope this helps!! Good luck with your work :))

Brainliest? I'm trying to rank up please UvU

Answer:

Limited Liability

In a corporation, the owners of the company are only liable for the amount of money which they have invested through purchasing shares. This means that if the company goes bankrupt and has no money left to pay back the creditors and lenders, the money invested by its shareholders into the company (by purchasing its shares) will be used to pay back the creditors and lenders. Hence, the shareholders will lose the amount invested. Creditors and lenders, however, have no claim on the personal properties and assets of the owners. This is what limited liability means: limited up to the extent of the amount invested.

Easy Availability of Capital

In a corporation form of business organization, it is relatively easy to raise huge sums of capital through the public. Since the total money a company wishes to raise is divided into thousands and lakhs of shares, the price of each share comes out to be very small. A small price allows a number of people to purchase the shares of the company. Hence, it becomes easy to raise a big amount for a corporation by dividing it into smaller units.

Explanation:

Please mark Brainliest, it really helps.

the positive view of advertising suggests that it contributes to economic efficiency in the economy.A. TrueB. False

Answers

The statement "the positive view of advertising suggests that it contributes to economic efficiency in the economy" is true.

Advertising is considered to have a positive impact on the economy because it helps to promote products and services, leading to increased sales and revenue for businesses. This, in turn, leads to job creation and economic growth.

Advertising also helps to increase competition in the market, which drives down prices and increases efficiency in the economy. Companies are forced to innovate and improve their products and services to remain competitive, which benefits consumers.

Additionally, advertising helps to inform consumers about new products and services, which can lead to improved consumer choices and satisfaction. This is because advertising helps to provide consumers with information about the features, benefits, and prices of different products and services, allowing them to make more informed purchasing decisions.

Overall, advertising is considered to be an important contributor to economic efficiency in the economy. It helps to promote competition, innovation, and consumer choice, which ultimately leads to increased economic growth and prosperity.

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Discuss reasons why a business might choose to sell direct to customers through a website with e-commerce facilities, as opposed to through fixed (physical ‘bricks and mortar') premises.

Answers

Answer:

Businesses might prefer selling direct to customers through a website with e-commerce facilities because:

1. For covering a wider distance, distance is not a barrier.

2. For flexibility for customers, as some e-commerce even accepts cryptocurrency payments.

3. For product and price comparison.

4. For saving cost incurred from having fixed (physical ‘bricks and mortar') premises.

5. For saving the cost of paying workers.

6. For maintaining social distancing protocol given by the government especially during the pandemic. This doesn't put anyone at risk.

Explanation:

The question above asks for justifications why a business might choose to sell direct to customers through a website with e-commerce facilities rather than selling to customers through fixed (physical ‘bricks and mortar') premises.

First, selling to customers through a website with e-commerce facilities involve virtual transactions with customers paying for goods and services they are interested in over the internet. With this, customers can pay with their bank cards through e-commerce websites. While selling through fixed (physical ‘bricks and mortar') premises involve direct contact in-person with the customer and possibly payment is made in cash or through any other accepted methods.

How can we apply accounting and bookkeeping in our daily lives?

Answers

Draw up a monthly budget. A monthly budget can do wonders for managing your month-to-month living expenses

Does the Way Your Classroom Is Decorated Affect Your Learning?

Answers

No it never has. I just focus a lot and try not to look if my classroom is decorated.
honestly yes, if there are posters of the subject around the room that helps the students learn it will affect it in a positive way

Suppose the city of Austin, TX chooses to regulate the number of street vendors operating near the University of Texas by requiring each vendor to own a permit in order to operate. The city gives free permits to all existing vendors and announces that no new permits will ever be issued. Prior to regulation, the costs (including implicit costs) of operating were $85,000 and revenues were $150,000. The city ordinance allows the permits to be bought and sold without restriction. The permits have no expiration date. The interest rate is 10 percent. After regulation, existing street vendors earn an
A. accounting profit of zero.
B. economic profit of $130,000.
C. economic rent of $65,000
D. economic loss.

Answers

Answer:

economic rent of $65,000

Explanation:

Economic rent is the amount of money paid in excess to a factor of production in excess of what is socially optimum

Economic rent = $150,000 - $85,000 = $65,000

Accounting profit= total revenue - explicit cost

Total revenue =price x quantity sold  

Explicit cost includes the amount expended in running the business. They include rent , salary and cost of raw materials

Economic profit = accounting profit - implicit cost

Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives

Without the regulation, economic profit would be driven to zero.

How did your participation in the personal and professional development activities go?

Answers

If you have any questions related to personal or professional development activities, I would be happy to try and assist you with them.

Professional development is the process of acquiring new knowledge, skills, and competencies that are necessary to advance in one's career or profession. It is a lifelong learning process that enables individuals to stay up-to-date with the latest trends, technologies, and best practices in their field. Professional development can take many forms, including attending conferences, workshops, and seminars, participating in online courses or webinars, reading industry journals or books, and networking with peers.

Professional development is essential for individuals who want to remain competitive in today's rapidly changing job market. It helps them to improve their job performance, enhance their job satisfaction, and increase their earning potential. Moreover, professional development is beneficial for employers as well, as it allows them to maintain a skilled and knowledgeable workforce that is capable of meeting the demands of their business.

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PLEASE HELP!!! What is the name for the highest amount a policyholder pays for deductibles, coinsurance, and co payments?
A. benefit maximum
B. coverage maximum
C. out-of-pocket maximum
D. premium maximum

Answers

C. Out-of-pocket maximum

Answer:

out of pocket

Explanation:

plato

when jamal graduated from college recently, his parents gave him $1,000 and told him to use it wisely. jamal decided to use the money to start a retirement account. after doing some research about different options, he put the entire amount into a tax-deferred ira that pays 11 percent interest, compounded annually. calculate how much money jamal will have in his ira at the end of 10 years, assuming that the interest rate remains the same and that he does not deposit any additional money.

Answers

Jamal's IRA will have $3,593.74 at 10 years' end, considering compounding interest on the initial $1,000 investment.

To calculate the future value of Jamal's IRA after 10 years, we can use the formula for compound interest:

Future Value = Principal * (1 + Interest Rate)^Number of Periods

In this case, the principal is $1,000, the interest rate is 11 percent (or 0.11), and the number of periods is 10 years. Plugging these values into the formula, we get:

Future Value = $1,000 * (1 + 0.11)^10

= $1,000 * (1.11)^10

= $1,000 * 2.8531167065

= $2,853.12

Therefore, Jamal will have approximately $2,853.12 in his IRA after 10 years. However, it's important to note that the question asks for the amount at the end of 10 years, and since the interest is compounded annually, there will be one more year of compounding.

To calculate the final amount, we need to compound the interest for one more year:

Future Value = $2,853.12 * (1 + 0.11)

= $2,853.12 * 1.11

= $3,167.84

Rounding to the nearest cent, Jamal will have approximately $3,167.84 in his IRA at the end of 10 years.

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1 point

10. In reviewing your account statement, you see a Balance Transfer Fee.

Based on the information you see in the statement, what would be the fee

if you transferred $3,000 from another credit card? *

Answers

Answer:

Find attached statement and the question which question number 10.

The correct option is C,$90

Explanation:

In the statement you would notice that the balance transfer from another credit card was $785,upon which balance transfer levy of  $23.55 was  charged(Section 7)

Intuitively, the percentage of balance transfer charge is $23.55 divided by the amount of balance transfer i.e $785

balance transfer charge(%)=$23.55/$785=3%

However, if the balance transfer were $3000,the charge is 3% of $3000 i.e $90 ($3000*3%).

The correct option then is C,$90

agile projects should begin with the simplest possible tasks.T/F

Answers

Answer:

True. Agile projects often prioritize starting with the simplest possible tasks to facilitate early progress and validation

Explanation:

Agile methodologies advocate for breaking down projects into smaller, manageable tasks or user stories. By beginning with the simplest tasks, teams can quickly demonstrate tangible results and gather feedback.

This iterative approach enables the identification of potential issues or adjustments early on, leading to increased flexibility and adaptability throughout the project. Starting with simplicity allows for efficient development, fosters a sense of momentum, and sets a solid foundation for further iterations and enhancements.

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comparing actual results to a budget based on the actual activity for the period is possible with the use of a:

Answers

Comparing actual results to a budget based on the actual activity for the period is possible with the use of a variance analysis.

A variance analysis is a tool that helps identify the differences between actual results and the budgeted amounts, which are often based on a set of assumptions about the level of activity that will occur during a specific period.

This tool helps organizations determine how closely they have been able to meet their financial goals and objectives, and whether they need to adjust their spending or revenue projections in order to achieve better outcomes in the future.

To conduct a variance analysis, an organization typically compares the actual results of its operations to the budgeted amounts for each expense and revenue category. This comparison helps identify areas where the organization has overspent or underspent its budget, as well as areas where it has generated more or less revenue than expected.

The analysis can be conducted on a monthly, quarterly, or annual basis, depending on the organization's needs and the level of detail required. By comparing actual results to a budget, organizations can better understand their financial performance and make more informed decisions about how to allocate their resources in the future.

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payment/adjustment code wo paiddescriptionprovideramount check number unapplied quizlet mach the terms

Answers

1. Payment/Adjustment Code: This refers to a code that is used in the healthcare industry to identify the type of payment or adjustment being made for a specific service or procedure. These codes are typically alphanumeric and are used to communicate information about the payment or adjustment to insurance companies and other healthcare providers. 2. Paid Description: This term refers to a description or explanation of the payment that has been made for a particular service or procedure. It may include details such as the date of payment, the amount paid, and any relevant information about the payment.

3. Provider: In the context of healthcare, a provider refers to an individual or organization that delivers healthcare services to patients. This can include doctors, nurses, hospitals, clinics, and other healthcare professionals or facilities.4. Amount: The amount refers to the numerical value or quantity of something, in this case, it could be the amount of money paid or the amount of a particular item or service. 5. Check Number: A check number is a unique number that is printed on a check and is used to identify and track the specific check. It helps to ensure that checks are processed correctly and can be used for record-keeping purposes.

6. Unapplied: In the context of payments, unapplied refers to a payment that has been received but has not yet been applied to a specific account or invoice. This could be due to a lack of information or a delay in processing the payment. 7. Quizlet: Quizlet is an online learning platform that allows users to create and study flashcards, quizzes, and other study materials. It can be a useful tool for students to review and reinforce their understanding of various subjects. Please note that the terms you provided seem to be disconnected and do not form a clear question. If you have any specific questions or need further clarification on any of these terms, please let me know, and I'll be happy to assist you.

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Select the education or qualification that is best demonstrated in each example.

Harsha comes up with ideas for ways to improve a software application.

Bill can stay focused for long periods of time while working alone.

Edith has a four-year college degree in computer science.

Tawana is an expert in writing code for websites.

Answers

Answer:

So it should be:

creativity

independence

a bachelor's degree

knowledge of programming languages

Explanation:

is this correct?

1. Harsha's ability to generate ideas for improving a software application suggests that they possess strong creativity and problem-solving skills.

What does qualification describe?

The term "qualification" typically refers to a person's education, training, skills, or experience that make them suitable or eligible for a particular job, role, or task. Qualifications can be formal, such as degrees, certifications, or licenses, or they can be informal, such as skills learned through on-the-job experience or self-study.

Qualifications may also refer to specific requirements that must be met in order to obtain a particular position or achieve a certain level of recognition or accreditation.

Here are some education or qualification that is best demonstrated in each example:

2. Bill's ability to maintain focus for extended periods of time while working independently demonstrates good concentration and discipline.

3. Edith's four-year college degree in computer science demonstrates that she has completed a formal education in the field of computer science and likely has a broad understanding of various topics within the discipline.

4. Tawana's expertise in writing code for websites suggests that she has developed specialized knowledge and skills in this area through training and experience.

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A company owes employee salaries of $5,000 on december 31 for work completed in the current year, but the company doesn’t plan to pay those salaries until the following year. what adjusting entry, if any, is needed on december 31?

Answers

The journal entry we would submit in the scenario will be as follows:

Debit Salaries Expense for $5,000; Credit Salaries Payable for $5,000

What are Journal entries?

The act of logging any transaction, whether or not it is an economic one, is known as a journal entry.

Transactions are recorded in an accounting journal that shows the debit and credit balances of a company.

The journal entry may contain many recordings, each of which is either a debit or a credit.

For the journal entry to be deemed balanced, the sum of the debits and credits must be equal.

Recurring items that can be included in journal entries include depreciation and bond amortization.

The general ledger is typically affected indirectly by the sub-ledger for accounts payable, and journal entries are frequently entered using a distinct module of accounting software.

So, in the given situation the journal entry we would pass will be as follows:

Debit Salaries Expense for $5,000; Credit Salaries Payable for $5,000

Therefore, the journal entry we would submit in the scenario will be as follows:

Debit Salaries Expense for $5,000; Credit Salaries Payable for $5,000


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The federal reserve can affect you through

Answers

As the Federal Reserve conducts monetary policy, it influences employment and inflation primarily through using its policy tools to influence the availability and cost of credit in the economy.

What happens to the total expenditures for a product with elastic demand when its price goes up?

Answers

Answer:

Elasticity is more than One (Ed > 1): When demand is elastic, a fall in the price of a commodity results in increase in total expenditure on it. On the other hand, when price increases, total expenditure decreases. It means, in case of highly elastic demand, price and total expenditure move in the opposite directions.

Explanation:

hope it helps yoou

4.
If a person is self-employed and earns $70,000
annually, the person
A. does not have to pay federal income tax
because his salary is too low.
b. must pay estimated income taxes every
quarter.
C. is only responsible for paying FICA tax to
cover Social Security.
d. will not have to pay any local or state
taxes.

Answers

Answer:

B

Explanation:

That's the only one that is fair

during the early stages of a project, tactics are more integral to success than strategy. group of answer choices true false

Answers

During the early stages of a project, strategy is more integral to success than tactics the answer is False. In project management, strategy refers to the overall plan or approach to achieve the project's objectives. It involves determining the project's goals, defining the scope, identifying key stakeholders, and establishing a high-level roadmap for execution.  .

Strategy provides a clear direction and sets the foundation for the project's success. Tactics, on the other hand, are the specific actions and techniques used to implement the strategy. They are the detailed steps and activities that are undertaken to accomplish the project tasks and milestones.

While tactics are important for executing the project plan and achieving specific objectives, they are guided by the underlying strategy. Without a well-defined strategy, tactics may lack coherence and fail to contribute to the overall project success. Strategy provides the framework within which tactics operate, ensuring that they are aligned with the project's objectives and overall vision.

Therefore, during the early stages of a project, it is crucial to develop a sound strategy that outlines the project's goals and sets the direction for all subsequent tactics and actions.

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you have a credit card and the average balance on that card, year after year, is $4,000. The credit card company charges 21% annual intrest on your average balance, how much extra money would you have to invest each year if you weren’t paying intrest on that credit card debt?

A. $117
B. $840
C. $273
D. $791

Answers

the answer is b. 840$

The amount of $840 will be extra money one will have to invest each year if you are not paying interest on that credit card debt.

What is a credit service?

This is a loan service provided by credit firm to an individual, business etc which is expected to be repaid with interest.

Extra money = $4,000 * 21%

Extra money = $840

Therefore, the Option B is correct.

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There are three directors' seats up for election. if you own 1,000 shares of stock and you can cast 1,000 votes in each of the three elections, then the firm uses the voting procedure referred to as:___.

Answers

There are three directors' seats up for election. If you own 1,000 shares of stock and you can cast 1,000 votes in each of the three elections, then the firm uses the voting procedure referred to as Cumulative Voting.

Cumulative voting gives the shareholders one vote for each share held times the number of directors being voted for. To allow minority shareholders to acquire representation on the board of directors

So,

You have 1000 shares

Votes obtained: 1000

Number of Directors up for election: 3

Hence,

Vote = Shares x No. Of Directors

Vote = Shares x No. Of Directors = 1000 x 3

Vote = Shares x No. Of Directors = 1000 x 3 = 3000

It helps the minority to be representative enough.

Cumulative Voting

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in the context of systems theory, _____ are the products and services that organizations create.

Answers

In the context of systems theory, "outputs" are the products and services that organizations create. This theory emphasizes the interconnectedness and interdependence of elements within a system, where inputs are transformed through processes to generate outputs, such as products and services.

Products and services are the tangible and intangible outputs that organizations create in order to fulfill their goals and meet the needs of their customers. These products and services are seen as essential components of the larger organizational system, and are designed and developed in a way that supports the overall functioning of the system. In this sense, products and services are not just individual offerings, but are interconnected elements of a larger organizational structure that work together to create value for stakeholders.

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Claire opened her own Starbucks franchise in her community. She is pleased with how quickly she was able to open her franchise and that she
was able to establish a good customer base from the start because of name recognition. However, since she started this business to be her
own boss, Claire is likely to

A. Invest in his own capital and national and local advertising programs
B. Take sole responsibility for all the decisions in the business
C. Embrace the franchisors restrictions because they lead to a greater chance for success
D. Resent the management training and support the franchiser provides
E. Get frustrated with the restrictions of the franchise

Answers

C. Embrace the franchise restrictions

Claire is likely to Embrace the franchisors restrictions because they lead to a greater chance for success option(c) is correct.

Who was Claire?

Claire was a person who gradually opened her Starbucks actually in her community she established a good customer base merely of her name in that organization.

As she is her own boss she accordingly embraces the franchisors restrictions which actually lead for more and more success of her.

Therefore Option(c) is correct.

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explain processes of distribution channels in economics​

Answers

Answer:

Distribution channels in economics refer to the various intermediaries that are involved in the movement of goods and services from the producer to the final consumer. These intermediaries play a critical role in ensuring that products reach the end-users in the most efficient and effective manner possible.

The following are the processes involved in distribution channels in economics:

1. Producer: The first step in the distribution channel is the producer. The producer is the entity that creates the product or service. The producer may be a manufacturer, a farmer, or a service provider.

2. Wholesaler: The next step in the distribution channel is the wholesaler. The wholesaler buys products in bulk from the producer and then sells them to retailers. Wholesalers are often used when the producer cannot sell directly to retailers due to logistical or other reasons.

3. Retailer: The retailer is the next step in the distribution channel. The retailer buys products from the wholesaler or directly from the producer and then sells them to the final consumer. Retailers are often used when the producer cannot sell directly to the final consumer due to logistical or other reasons.

4. Consumer: The final step in the distribution channel is the consumer. The consumer is the end-user of the product or service. The consumer buys the product or service from the retailer.

5. Logistics: Logistics is an important process in the distribution channel. Logistics involves the movement of products from the producer to the retailer or directly to the consumer. Logistics includes transportation, storage, and delivery.

6. Marketing: Marketing is another important process in the distribution channel. Marketing involves promoting the product or service to potential consumers. Marketing includes advertising, public relations, and sales promotions.

7. After-sales service: After-sales service is the final process in the distribution channel. After-sales service involves providing support and assistance to consumers after they have purchased the product or service. After-sales service includes warranties, repairs, and customer service.

In conclusion, the distribution channel is a critical component of the economy. It ensures that products and services reach the end-users in the most efficient and effective manner possible. The various processes involved in the distribution channel include the producer, wholesaler, retailer, consumer, logistics, marketing, and after-sales service.

When a company has a diverse workforce, which of the following is likely to
be true?
A. Wages can be decreased.
B. There is potential for discrimination.
C. The workforce will be all male.
D. HR managers will be all males.

Answers

i think it’s D but i’m not sure

The correct option is D. When a company has a diverse workforce, HR managers will be all males is likely to be true.

Because every team member—from the leadership to the frontline staff to mobile workers—brings their own distinct backgrounds, experiences, and viewpoints to the table, workplace diversity fosters creativity and innovation.

How does diversity affect the workplace?

Productivity is strongly impacted by the greater variety of talents and abilities that come with workplace diversity. Because diverse employees have a range of talents, skills, and preferred fields of work, workplaces with greater variety typically have higher productivity.

Beyond political correctness, a diverse workforce has several advantages. Including people from all backgrounds and viewpoints can promote better decision-making, more innovation, and increased workplace engagement. Additionally, it might enhance a business's reputation and make it simpler to draw in top employees.

Thus, The right answer is D. A corporation is more likely to have all male HR managers if its workforce is diverse.

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"What a given group of people appreciates" are their ___________. A. Cultural contexts b. Culture shock c. Cultural education d. Cultural values Please select the best answer from the choices provided A B C D

Answers

Answer:

d. Cultural values

Explanation:

Cultural values are the values and norms that are followed by a distinct society or a group of people. In other terms, values and norms developed within the society to form its basis are said to be the cultural values. The people believe, follow, and appreciate the values. They help in defining the ways of living and leading the life. The behavior, nature, and thinking of the society is influenced or structured as per the cultural values.

Answer:

D

Explanation:

I just took the assignment

In what areas do federal agencies regulate to ensure safety and the general
wellness of US citizens?

a. Businesses
b. Environment
c. Products
d. All of the above

Answers

Answer:

d. All of the above

Explanation:

Government regulations are the rules that players in an industry must abide by. In a free-market economy like the US, the government's main role is to regulate economic activities. The government enforces regulation through its various agencies.

The areas of regulations include but are not limited to

Protecting consumers from undue exploitation by businesses, Encourage fair business competition Promote a healthy, safe work environment for employees Promote and sustain a clean environmentPrivate data protection and security

In the past year, 15% of all garments made in a factory had a...
In the past year, 15% of all garments made in a factory had a defect of some kind. To reduce the proportion of defective garments, the factory manager offers a $100 bonus for each employee if she fins convincing evidence that the proportion of defective garments produced during the next month is less than 0.15. At the end of the month, the manager selects a random sample of 200garments and finds that 26 of them have a defect.
a) Draw a picture of the sampling distribution of the sample proportion of defective garments for random samples of size 200. Label appropriate values and justify your reasoning for its shape.
b) Calculate the probability of getting a sample proportion of defective garments of 26/200 or less. Show work.
c) Based on your previous answers, is there convincing evidence that the proportion of garments produced this month with defects is less than 0.15? Eplain

Answers

The mean of the sampling distribution is equal to the population proportion of defective garments, which is 0.15. Using the standard normal distribution table, the probability of getting a z-score of -0.606 or less is 0.2723

(a) The standard deviation of the sampling distribution can be calculated using the formula: sqrt(p × (1-p) ÷ n).

The standard deviation of the sampling distribution is:

sqrt(0.15 × (1-0.15) ÷ 200) = 0.033. 

(b) The sample proportion using the formula: z = (x - mu) / sigma. The probability of getting a sample proportion of defective garments of 26/200 or less is 0.2723.

(c) The probability of getting a sample proportion of defective garments of 26/200 or less is 0.2723, which is relatively high. As a result, the factory manager cannot offer the $100 bonus to the employees based on the evidence obtained from the sample.

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In the past year, 15% of all garments made in a factory had a...In the past year, 15% of all garments
In the past year, 15% of all garments made in a factory had a...In the past year, 15% of all garments
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