what is a withdrawal account classified as? (Asset, Liability,Owners equity,Revenue,or Expense account)

Answers

Answer 1

Answer:

Asset

Hope it helps.

Have a good day


Related Questions

What are the total expenses for Forks Gym for the month of March?


$500

$3500

$2000

$1000

Answers

Answer:

7,000 is the answer

Explanation:

First National Bank charges 11.7 percent compounded monthly on its business loans. First United Bank charges 11.9 percent compounded semiannually.

Answers

Answer:

a. EAR for First National Bank  = 12.35%

b. EAR for First United Bank = 12.25%

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

First National Bank charges 11.7 percent compounded monthly on its business loans. First United Bank charges 11.9 percent compounded semiannually.

Calculate the EAR for First National Bank and First United Bank. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

Explanation of the answers is now given as follows:

The effective annual rate (EAR) can be calculated using the following formula:

EAR = ((1 + (i / n))^n) - 1 .............................(1)

Where;

i = Annual interest rate of the bank

n = Number of compounding periods in a year

Therefore, we have:

a. Calculation of the EAR for First National Bank

i = Annual interest rate of First National Bank  = 11.7%, or 0.117

n = Number of compounding periods in a year = 12

Substituting the values into equation (1), we have:

EAR for First National Bank = ((1 + (0.117 / 12))^12) - 1

EAR for First National Bank = 1.12348257790079 - 1

EAR for First National Bank  = 0.12348257790079, or 12.348257790079%

Rounding to 2 decimal places as required, we have:

EAR for First National Bank  = 12.35%

b. Calculation of the EAR for First United Bank

i = Annual interest rate of First United Bank = 11.9%, or 0.119

n = Number of compounding periods in a year = 2

Substituting the values into equation (1), we have:

EAR for First United Bank = ((1 + (0.119 / 2))^2) - 1

EAR for First United Bank = 1.12254025 - 1

EAR for First United Bank = 0.12254025, or 12.254025%

Rounding to 2 decimal places as required, we have:

EAR for First United Bank = 12.25%

Differentiate the Single and Double Entry Book-Keeping in your own words. Furthermore, briefly explain the objectives of Double Entry Book-Keeping.

Answers

Answer:

See below

Explanation:

A single entry book keeping is when a cash book is being maintained to record income and expenses. In a single entry book keeping, only one entry is made per transaction like we have in check register.

Double entry book keeping is when an accounting entries have two sides, debit and credit leg. The right hand side is the debit while the left side is the credit.

Objectives of double entry book keeping

• To provide accurate recording of business transactions to management

• When there are problems in financial matters, book keeping assist in solving this problems through its systematic record of financial transactions .

• Book keeping also provide information to the management for making plans and decisions relating to finances.

1. Employees at a call centre have earned a bonus of 0.25% of their salary. The bonus that an
employee who earns £18000 per year can expect to receive is: (1)
А
B
£45
£72
£720
£4500
с
D

Answers

Answer:

£45

Explanation:

Simply multiply 18000 by 0.0025 and you get your result.

Name at least 2 challenges and at least 2 opportunities for managers in using Organizational Behavior (OB) concepts?

Answers

Answer: Improving Peoples’ Skills

Improving Customer Service

Explanation:

Two challenges and opportunities for managers in using Organizational Behavior (OB) concepts are;

Improving Peoples’ Skills

Improving Customer Service

Improving People's skills would be seen as seeing the people develop in various field and sector where they are performing and an avoidance of this affects the growth of the organization.

Improving the customer service improves the face of the business, once this is catered for, it gives a good reputation about the company.

Well balanced people are more productive employees.
Please select the best answer from the choices provided
ОТ
OF

Answers

Answer:

True

Explanation:

Well adjusted individuals are workers who are more efficient. They often begin with targets.

They've got a long-term target. They provide quick priorities that endorse their lengthy objectives. Oriented still set their targets first.

How does business generate income?

Answers

Hai!

This depends on the Type of Business.

If it is a Selling Business, they sell stuff to Earn Profit.

If its a Free Online Website/Game. They earn money by either in game purchases or Web Site purchases.  

Out of a list of the values 12, 7, 3, 5, 8, and 2, which result would the MIN function return?

Answers

Answer:

2

Explanation:

It’s just right, trust

If Al Maha Company decided to provide a three-year warranty against manufacturer's defects. Based on past experience with similar products, warranty costs are expected to be approximately 3% of sales during the first year, 2% of sales during the second year and 1% sales during the third year. On December 31, 2019, the company reported sales to be QAR 1,900,000. How much the amount of "Warranty expense" that Al Maha Company should report? A. QAR 76,000. B. QAR 57,000. C. QAR 95,000. D. QAR 114,000.

Answers

Answer:

D. QAR 114,000

Explanation:

Calculation for How much the amount of "Warranty expense" that Al Maha Company should report

Using this formula

Warranty expense=[(First year expected warranty costs*Sales)+(Second year expected warranty costs*Sales)+(Third year expected warranty costs*Sales)]

Let plug in the formula

Warranty expense=[(3% 1,900,000)+(2%* 1,900,000)+(1%*1,900,000)]

Warranty expense=57,000+38,000+19,000

Warranty expense=QAR 114,000

Therefore the amount of "Warranty expense" that Al Maha Company should report will be QAR 114,000.

True or False?
Social workers work at both the state and national level.

Answers

True




Explanation: because true

Match the following.

1. the system responsible for carrying blood through the body; the blood carries important nutrients, oxygen, and waste
2. an organism that can only be seen under a microscope; it cannot be seen with the human eye
3. an instrument used to magnify objects
4. critical element needed for cellular respiration; the brain cannot survive without oxygen

circulatory system
microorganism
oxygen
microscope

Answers

Answer:

1. Circulatory system

2.Microorganism

3. Microscope

4. Oxygen

help if you can thank you

Answers

Answer:

3rd one I'm pretty sure, if not then I'm srry lol

Explanation:

its common sense

The Off-Price Store Supply House LLC offers a
trade-discount rate which is 4 times its complement. The net
price is $19.99.
a. What is the list price?
b. What is the trade discount?

Answers

Answer: List price = $99.55

Trade Discount = 80%

Explanation:

Let the complement be represented by x

Trade discount will then be = 4x

Complement + Trade Discount = 100%

x + 4x = 100%

5x = 100%

x = 100%/5

x = 20%

Complement = 20%

Trade Discount = 4x = 4 × 20% = 80%

List price = Net price / Complement of trade discount.

= $19.99 / 20%

= $19.99 / 0.2

= $99.95

When they use Internet ads, marketers get their audience involved by using
interactive content such as
A. links and surveys
B. unique selling propositions
C. scripts and storyboards
D. endcaps and kiosks

Answers

Answer:

A links and surveys

Explanation:

Marketers use interactive content such as links and surveys to get their audience involved in Internet ads.

What are Internet ads?

Online advertising or Internet ads is a type of marketing and advertising that uses the Internet to promote products and services to audiences and platform users. Email marketing, social media marketing, various types of display advertising (including web banner advertising), and mobile advertising are all examples of online advertising.

While using Internet for advertisement or ads, marketers get their audience involved by using interactive content such as links in the social media platforms and conduct surveys using the internet.

Therefore, the correct answer is option A.

To know more about Internet ads, click here: https://brainly.com/question/19820083

#SPJ5

you've been working for a while, but your sister just got a job and is excited to have some of her "own" spending money. Money burns a hole in her pocket. What are some ideas on how she can save some money?

Answers

Answer:

She can put the money in a savings account and only buy thing she needs not wants.

Explanation:

According to the speaker, what are the three traditional Gs of growth?

Answers

Answer:

Consistent, Competitive & Profitable.

Explanation:

correct on edge

The three traditional Gs of growth are Growth, Gratitude, and Giving

What is tradition?

The standard of a piece of information being discussed is indicated by tradition. For instance, "Homer is said to have been born on the island of Chios, although many other places have historically claimed him as their own." It may never be possible to confirm or deny this custom.

Growth: In other words, if you develop your workforce, your business will do the same. Don't you make an effort to hire employees that are smarter than you Give them an opportunity to succeed while guiding them while they do so.tradition

Gratitude can take many different forms. Your customers conducting business with you, internal promotions, and improving someone. Investing in a better world and receiving assistance in whatever form are both aspects of gratitude.

Giving: is a straightforward conclusion; you give it your all without holding back. Giving is recognizing the need and taking action to provide assistance in any form that is practical. Giving ultimately causes the business world to whirl. If you do it, other people will too. That's how easy it is.

Therefore,  Traditional Gs of growth are Growth, Gratitude, and Giving

Learn more about the tradition here:

https://brainly.com/question/8798118

#SPJ2

To RECONCILE you checking account means to compare your records to the banks records.
True
O False

Answers

This is false because RECONCILE doesn’t compare your records.

Select all that apply.

Learning styles include all of the following:


bodily/kinesthetic

verbal/linguistic

naturalistic

personal

Answers

Answer:

bodily/kinesthetic

verbal/linguistic

Explanation:

Learning styles can be regarded as range of competing as well as contested theories which analyse

differences that exist learning of in individuals. It should be noted that the Learning styles includes

✓bodily/kinesthetic

✓verbal/linguistic

Answer:

verbal/linguistic

bodily/kinesthetic

naturalistic

Explanation:

checked answer on Odyssey

Maddie is creating a survey to determine student's favorite place to shop. This type of research is

Primary
Secondary
Media
Product

Answers

Answer:

Primary

Explanation:

Any survey is an example of a primary research.

The research by Maddie, who created a survey to determine students' favorite places to shop, is A. Primary research.

What is primary research?

Primary research depends on direct data and not on previous data collected by another researcher.

For example, Maddie's creation of a survey to determine students' favorite places to shop demonstrates primary research.

Thus, the research by Maddie, who created a survey to determine students' favorite places to shop, is Option A.

Learn more about primary research at https://brainly.com/question/6614599

life is not a bed of roses claim of fact​

Answers

Answer:

um I'm not sure I understand

Explanation:

What is a typical first transaction for a business?
a) Purchase of a building
b) Withdraw cash from company's bank account
c) Invests cash into business
d) Purchase Land

Answers

I think the answer is “A”

Why is it common for producers of services to sell through short distribution channels directly to the end user

Answers

Answer: “The people providing the service often fo so by interacting directly with the user”

Explanation: just took the quiz

Answer: B. The people providing the service often fo so by interacting directly with the user

Explanation: I just took the quiz and the answer was correct

What type of businesses are open "24/7"?

Will mark brainliest!

Answers

Answer: Commercial business. 24/7 service might be offered by a supermarket, convenience store, ATM, automated online assistant, filling station, restaurant, concierge services or a staffed datacenter, or a staffing company that specializes in providing nurses since often nurses cover shifts 24/7 at hospital which are open 24/7.

Explanation:

Accenture is helping a large retailer transform their online sales and services. The Data Analyst audits the client's customer journey and maps out the kind of data they need to collect at each touch point. How does this help the client achieve their objectives?

Answers

Answer: a. by updating their sales platform and adding new features

Explanation:

a. by updating their sales platform and adding new features

b. by shifting the focus away from the customer and towards new products or services

c. by identifying products that are poor sellers and removing them from the inventory

d. by increasing their customer knowledge and leveraging that information to improve customer experience.

From the question, we are informed that the data analyst audits the client's customer journey and then maps out the kind of data they will need to collect at every touch point.

This helps the client to achieve their objectives by updating their sales platform and adding new features. This is because we are informed at first that Accenture wants to help the retailer transform their online sales and services.

Accenture was created for helping clients in becoming cloud first business. Accenture extends technology sevices to its clients by brings together the capabilities and industry knowledge at one place.

Accenture helps the clients in transforming their online sales and services by mapping out the customer journey and the data they need to collect at the touch points.This is done after the audit of data of the client by data analyst.

Helping clients in achieving objectives

Accenture can help its clients by updating and analysing their sales platform and adding new and useful features to it which will help the clients in achieving objectives.

Therefore accenture can help in this manner to its clients in increasing and transforming their online sales.

Learn more about Accenture here:

brainly.com/question/25523572

a. by updating their sales platform and adding new features

Explanation:

a. by updating their sales platform and adding new features

b. by shifting the focus away from the customer and towards new products or services

c. by identifying products that are poor sellers and removing them from the inventory

d. by increasing their customer knowledge and leveraging that information to improve customer experience.

From the question, we are informed that the data analyst audits the client's customer journey and then maps out the kind of data they will need to collect at every touch point.

This helps the client to achieve their objectives by updating their sales platform and adding new features. This is because we are informed at first that Accenture wants to help the retailer transform their online sales and services.

The process of controlling and making decisions about a business is called:
O Leadership
O Management
O Administration

Answers

Answer:

B. Management.

Explanation:

Management can be defined as the process of controlling and making decisions about a business.

The management comprises of top executives, board of directors or managers who generally control the affairs of a business firm or company.

Basically, they are saddled with the responsibility of defining the policies, set of rules, standards, and procedures so as to preserve or protect the company's assets, boost efficiency, enhance financial accountability, and prevent fraudulent behaviors among the employees.

Also, the decision-making process or responsibilities is essentially vested on the management of a business. Therefore, the management is typically responsible for the success, growth and development of their business.

A county three-lane highway that will stretch about 20 miles is being built in Lee Town. This highway is paid for by
A. National government funds
B. State government bonds
C.municipal bonds
D. Commodities

Answers

Answer:

B

Explanation:

Because  the goverment is shareing the bonds

Answer:

xip mon lo

Explanation:

ok ok ok ok ok ok

Click this link to view O*NET’s Tasks section for Human Resources Managers. Note that common tasks are listed toward the top, and less common tasks are listed toward the bottom. According to O*NET, what are some common tasks performed by Human Resources Managers? Check all that apply.

analyzing and modifying compensation and benefits policies
identifying new ways to market a product to potential customers
advising managers on organizational policy matters
performing difficult staffing duties
conducting interviews with customers to determine what they want
serving as a link between management and employees

Answers

Answer:

a. c. d. f

Explanation:

i got them right !

8. If the price of a good changes from £5 to £4 and demand change from 100 to 120 units, the PED
will be...
(1 Point)
-0.25
-1.0
-0.2
-2.0

Answers

Answer:

Explanation:

dvsf

To RECONCILE you checking account means to compare your records to the banks records.
O True
False

Answers

I think it’s true not %

Jeremy is working on a spreadsheet. Which part of the information processing cycle will justify Jeremy's use of the spreadsheet and give the final output?
A. processing
B. input
C. output
D. storage
E. data entry​

Answers

Answer:

A

Explanation:

if its wrong than forsure d

Answer:

its b

Explanation:

im taking the test on plato

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