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oksano4ka [1.4K]
2 years ago
12

Sofia has saved $10,000. She wants to be sure that she is earning interest on her money and can add to her savings. She also wan

ts to be able to access her money if the need should arise.
Which type of account is most suitable for Sofia’s needs?


a money market account

a certificate of deposit

a savings bond

a savings account
Business
2 answers:
vesna_86 [32]2 years ago
4 0

Answer:

a money market account:)

Explanation:

guapka [62]2 years ago
3 0

A money market account is the type of account is most suitable for Sofia’s needs.

A money market account earns interest on the money that is deposited at a higher rate than a normal savings account. Even though this is not a common savings account, the account holder is able to write checks from the account if the money needs to be accessed. A money market account is a 'best of both worlds' account because the holder can benefit like a savings and checking account would allow (with some restrictions).

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Demski Company pays its employees on the 1st and 15th of each month. It is March 31 and Demski is preparing financial statements
Elden [556K]

Answer:

Explanation:

In the given transaction, it would impact the income statement and the balance sheet in the increment manner

That means The income statement would increase by $96,000 as it reflect the wages expense in the debit side of the income statement

And, the balance sheet would increase by $96,000 as it reflect the wages payable in the credit side of the balance statement under the current liabilities side of the balance sheet

6 0
2 years ago
Larkan & Tokodo is a financial institution that sells shares to investors. The funds resulting from the investments are pool
Shtirlitz [24]

Answer:

mutual fund

Explanation:

A mutual fund is an investment vehicle that collects money from investors (usually small investors)  and invests that money in purchasing and selling securities, e.g. bonds, stocks, etc. They are managed by a fund manager (usually not a person, but a company, in this case Larkan & Tokodo) that decides where to invest the funds. The value of a mutual fund is determined by the price of its shares that basically includes a fraction of the investment pool.

3 0
2 years ago
Read 2 more answers
Hubbard Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-
Ghella [55]

Answer:

Instructios are listed below.

Explanation:

Giving the following information:

Hubbard Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During January, the kennel budgeted for 2,100 tenant-days, but its actual level of activity was 2,060 tenant-days.

Wages and salaries:

Fixed= $ 2,300

Variable=  $ 7.20

Estimated Wages and Salaries= 2,300 + 7.2*2,100= $17,420

3 0
2 years ago
A quality control activity analysis indicated the following four activity costs of an administrative department:
Doss [256]

Answer:

total sales are the internal failure costs is 2%

Explanation:

given data

form to reduce errors =  $15,000

customer complaints = 75,000

Verifying = 30,000

Correcting errors = 60,000

Total = $180,000

sales = $3,000,000

to find out

total sales are the internal failure costs

solution

we know here that internal failture cost is express as

internal failture cost  = correcting error in form   ...........1

internal failture cost  =  $60000

and

internal failture cost as % of total cost is here as

internal failture cost to sale = \frac{internal\ failture\ cost}{sales}   .......2

internal failture cost to sale = \frac{60000}{3000000}

internal failture cost to sale = 2%

so total sales are the internal failure costs is 2%

3 0
2 years ago
A country that advances its national interests abroad by prioritizing international cooperation, compromising with foreign allie
Neko [114]

Answer:

A country that advances its national interests abroad by prioritizing international cooperation, compromising with foreign allies, and participating in international organizations such as the United Nations is following a _____.

c. multilateralism grand strategy

Explanation:

The emphasis placed on relationships between other countries is dictated by a country's preferred objectives.  If the country encourages international relationships and cooperation with others, it is engaged in multilateralism.  This refers to an alliance of multiple countries pursuing a common goal, like the United Nations.  The opposite of this diplomatic strategy is called unilateralism.  This implies that the country chooses to go it alone without seekings the cooperation of others.  An example is when one country launches a military attack on another without seeking for the help or approval of other friendly countries.

6 0
1 year ago
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