What is the difference between a single account and a joint account?
Single accounts have a designated beneficiary, while joint accounts do not.
Single accounts can be considered retirement accounts but joint accounts cannot.
Single accounts are held by one person, while joint accounts have two or more holders. single accounts are insured by the FDIC up to $250,000, while joint accounts are insured up to $500,000.​

Answers

Answer 1

Answer:

Single accounts are held by one person, while joint accounts have two or more holders.

Explanation:

The main difference between a single account and a joint account lies in the ownership of the account, that is, in how many people can be owners of said account. Thus, single accounts can only have one owner, that is, a single account owner. On the other hand, joint accounts can have more than one holder, with which the bank account can be shared by several people at the same time.


Related Questions

Why does Starbucks Coffee consider internal leadership development such an important part of its core business process?

Answers

Answer:

Because Starbucks embraces and openly admires the idea of planning for one's own succession.

Explanation:

Internal leadership development is a process by which firms continue to solve real-life issues while developing their employees for more significant or leadership roles.

At Starbuck Coffee, it is widely believed that internal leadership development is an essential part of business operations, which helps in the promotion of organizational culture and structure of the company, such that the traditions, missions, and vision of the firm are fully upheld with every leader or CEO successor.

To Starbucks, this is one of the essential values ingrained in their culture, which helps them in attracting potential future leaders, and in turn, assists in planning in advance for the firm to easily replace their top-level leaders from in-house when the time is right,

The rationale why companies offer customers credit is because: a. offering customers credit, helps with the firm's cash flow position. b. offering customers credit, helps match revenues with expenses for the same time period. c. allowing customers to pay with credit cards or on credit, makes it easier for them to buy, and it also attracts new customers. d. allowing customers to pay with credit card or on credit, forces a company to rely less on accounts receivables and more on accounts payables.

Answers

Answer:

c. allowing customers to pay with credit cards or on credit, makes it easier for them to buy, and it also attracts new customers

Explanation:

What is credit?

Credit is the amount you can borrow for a certain time.

Sales on credit means that the sale is done without the use of cash with the conditions given for a certain time limit.

Now purchasing without cash is a facility every customer enjoys. The basic objective of sales on credit is to increase the purchasing power of customer thus attracting more customers to the specific products.

Choice c is the best option.

Choice a is incorrect because cash flows involve cash as well.

Choice b is also incorrect because matching principle is not a market strategy . It is an accounting method.

The company needs increase in sales, which involves a marketing strategy.

In the matching principle the revenues are matched with expenses therefore credit sales ( revenue) will be matched with the expenses incurred to be able to make sales.

Choice d is incorrect credit sales increase accounts receivable not accounts payable.

The rationale why companies offer customers credit is because offering customers credit, helps with the firm's cash flow position. The correct option is A.

The company can align revenues with the expenses incurred in producing those goods or services and ensuring a more accurate representation of financial performance for a given time period.

This approach can improve cash flow management, enhance customer satisfaction and foster loyalty. It can attract new customers and stimulate repeat business as it offers convenience and ease of purchase.

Therefore, the correct option is A.

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The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 Inventories Raw materials $ 49,500 $ 65,000 Work in process 11,500 23,900 Finished goods 69,500 48,600 Activities and information for May Raw materials purchases (paid with cash) 223,000 Factory payroll (paid with cash) 371,000 Factory overhead Indirect materials 28,000 Indirect labor 93,000 Other overhead costs 133,000 Sales (received in cash) 1,530,000 Predetermined overhead rate based on direct labor cost 80 % Determine whether there is over or underapplied overhead. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods So

Answers

Answer:

Your answer is given below:

Explanation:

In a
contract, at least one party has the option of canceling the
contract.
O A. defective
O B. voidable
O C. binding
O D. void

Answers

Answer: voidable

Explanation: just took test

Helpp plz Calculate this mortgage payment.

Answers

The answer is c i got an 1200

6 major jobs of the federal reserve

Answers

clearing checks

acting as government fiscal agent

supervising members bankers

regulate money supply

supply paper currency

setting reserve requirements

What is one difference between common and preferred stock?
A. Common stockholders receive higher dividends than preferred
stockholders,
B. Holders of common stock are paid off sooner than holders of
preferred stock if the business goes bankrupt.
C. Common stock costs more than preferred stock
D. Common stock value can appreciate more than preferred stock.

Answers

Answer:

C. Common stock costs more than preferred stock

Explanation:

help me plzzz

true or false

1.negotiating styles have been standardized in international markets
2.political risk refers to political decisions, conditions, events or activities in a country business climate​

Answers

Answer:
1.false
2.true

The normal rate of unemployment around which the unemployment rate fluctuates is called cyclical unemployment.
True
False

Answers

Yo, the answer to your question is FALSE

Personal selling can be done either orally or in written form.


False

True

Answers

Answer:

The given statement is True.

Explanation:

A person-to-person marketing method, whereby salespeople utilize their communication skills to convince a client should purchase a certain commodity, is termed as Personal selling.Instead, it allows people to understand their likes, their routines, their perspectives as well as their emotions.

Thus the above is the right answer.

What is total amount spent on wages and salary before any tax is being taken? [those ernings above £40000 are paying 40% income tax on income tax over £40000 and 20% on anything below £40000

Answers

Answer: hello your question is open ended hence I will give you a more general answer

answer : $12,000 * number of workers  or $24,000 * number of workers

Explanation:

Income taxes are taxes been levied directly on the  income earned by the tax payer.

According to Tax rules there is a certain amount of income an individual would have to earned before any tax will be taken, incomes below $12,000  are tax free ( for singles ) and $24,000 for married individuals ; Hence the Total amount spent on wages and salary before tax is being taken = $12,000 * number of workers or $24,000 * number of workers . ( unless otherwise stated )

Jones Company allocates manufacturing overhead based on machine hours. Each chair produced should require 3 machine hours. According to the static budget, the following is expected to incur: 1,200 machine hours per month (400 chairs x 3 hours per chair) $6,000 in variable manufacturing overhead costs $8,400 in fixed manufacturing overhead costs During January, Jones Company actually used 1,100 machine hours to make 410 chairs. The company spent $5,800 in variable manufacturing overhead costs and $8,100 in fixed manufacturing overhead costs. What is the fixed manufacturing overhead allocation rate (to the nearest cent)

Answers

Answer:

the fixed manufacturing overhead allocation rate is $7 per hour

Explanation:

The computation of the fixed manufacturing overhead allocation rate is shown below;

Fixed manufacturing overhead allocation rate is

= Budgeted Fixed overhead  ÷ Budgeted allocation base

= $8,400 ÷ 1,200 budgeted machine hours

= $7.00 per hour

Hence, the fixed manufacturing overhead allocation rate is $7 per hour

lcm of 8 12 7 8 7 pls tell fast​

Answers

Explanation:

factorise the above numbers:

8=2^3

12=2^2×3

7=7

In the above question,

there are two 7 and two 8 from which we have to write only one 7 and one 8 as takeing common we write 8,12,7,8,7 as 8,12,7

Then,

L.C.M=2^3×3×7

=168

In L.C.M ,we take both common as well as remaining numbers but in H.C.F,we take only common numbers .

You just got a job and plan to spend your earnings on clothes and entertainment. What kind of bank account would be best for you?

Answers

Checking Account is the kind of bank account would be best for you. Hence, option D is correct.

What is Checking Account?

A checking account is a sort of bank account that enables simple deposits and withdrawals of cash for everyday use. For instance, you may use your debit card to withdraw cash, deposit a check you receive, or set up direct deposit to get your paychecks.

Regular checking accounts, premium checking accounts, student checking accounts, senior checking accounts, interest-bearing accounts, business checking accounts, and rewards checking accounts are a few of the several types of checking accounts.

The ability to write checks from and access your bank account in a variety of other ways makes a checking account your default daily transaction bank account. You store money in a savings account that you aren't ready to use quite yet, frequently with the intention of building up more.

Thus, option D is correct.

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The options were missing-

A: Money Market Account

B: Savings Account

C: Certificate of Deposit (CD)

D: Checking Account

How is private public partnership structured ???

Answers

A typical PPP structure can be quite complex involving contractual arrangements between a number of parties including the government, project sponsor, project operator, financiers, suppliers, contractors, engineers, third parties (such as an escrow agent), and customers.

The time value of money simply means that the value of cash flows depends on when it happens.
True
False

Answers

False only the IRS uses time value of money

Dixon Company produced 6,000 units of product that required 1.5 standard hours per unit. The standard fixed overhead cost per unit is $0.50 per hour at 10,000 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance. a.$2,000 unfavorable b.$2,000 favorable c.$500 unfavorable d.$500 favorable

Answers

Answer:

the fixed factory overhead volume variance is $500 unfavorable

Explanation:

The computation of the fixed factory overhead volume variance is shown below:

Fixed factory overhead volume variance

= (6,000 × 1.5 - 10,000) × $0.50 per hour

= (9000 - 10000) × $0.50

= $500 Unfavorable

Hence, the fixed factory overhead volume variance is $500 unfavorable

Therefore the last option is c

Is competition good for business?
Is it good for consumers?

Answers

It helps promote better safety, innovation and technology—and lower prices. it benefits consumers by keeping prices low and the quality and choice of goods and services high.

Answer:

yes and yes

Explanation:

When the economy is in a recession, the government will want to increase output. If the multiplier equals 3.5 and the government increases spending by 150, how much will output increase by

Answers

And you can see how you are e

The average mututal fund includes 90-200 companies.
O True
O False

Answers

I’m pretty sure it is true

Answer:

I think it will be false

why do the prices of goods or services vary from place to place? explain with examples.​

Answers

Answer:

Convenience, customer service, values (saving the planet!) and selection are all ways retailers can compete beyond price. Because the number of buyers and sellers (and the ability of buyers and sellers to enter the market) can vary between markets, market concentration and ability of buyers and sellers to set prices can vary as well. For Example, in Walmart the prices of shampoo is not the same as in Publix, because they have a difference in buyers who choose to buy in either or.

Explanation:

Hope this helps :D

Why do you think different college majors pay for themselves at different rates?

Answers

in my opinion, i think this happens because different majors can you get different jobs, where people are making different amounts of money! so if you had a education degree, it would take longer to pay it “off” verses say a law degree! hope that kinda helped :)

GAWAIN 2
Panuto, Gamit ang Venn diagram, Thambing ang mga katangian ng balalawiting panudyo,
lugmang de gulong, hugtong, apalalaman, Teulat sa aimang bahagi ang pagkakatulad ng
dalawang karunungang hayang inihahambing,
Tulal Awiting
Papudyo
Tugmang de Galang
Pagkakatulad
Bulong
Palaisipan
Pagkakatulad​

Answers

Explanation:

ANG TUGMANG DE GULONG AY ISANG TUMANG TULAANG TUGMANG DE GULONG AY ISANG TUMANG TULA꧁#CarryOnLearning꧂ANG TUGMANG DE GULONG AY ISANG TUMANG TULA꧁#CarryOnLearning꧂❀⊱─━━━━━━⊱༻●༺⊰━━━━━━─⊰❀

write a letter to an electronic shop manager lodging your complain about a television and attitude of the sales girl

Answers

Answer:

A consumer has every right to submit a letter of complaint to a company, it is necessary, however, to be clear and objective in a justification, so that the company can solve its problem in the best possible way.

Explanation:

Dear XX store manager,

I made a purchase of a HD Smart Tech television, on the date YY, at the store located in the Z shopping mall in the southern region of the city YZ, but when I got home I found that the television is not capturing the image in HD even though I did it all the procedures indicated by the saleswoman Paola, who incidentally, provided me with excellent service, solving my doubts and indicating a device that corresponded to my needs and desires. However, most likely I was unlucky to have received a defective TV from my stock at my home.

I would like a solution to make the exchange as soon as possible, since tv is a necessary item in my home and routine.

I await an answer.

Kind Regards,

xxx

What can accountants do for businesses or individuals?

Answers

My mom actually has her accountant degree but she quit after a few years and got a different degree. any ways here you go!

An accountant can advise on business structure.

An accountant can issue invoices.

An accountant can record sales.

An accountant can manage and pay invoices from suppliers.

An accountant can manage payroll.

An accountant can keep you up to date with tax laws and changes.

Barry Olson has mastered strong technical skills as the manager of a large toy store. He is very skilled at all the aspects of managing the store and the employees of the store. Soon, he will take a new position as regional manager for several toy stores. His boss remarked to him last week that he will be utilizing his _____ skills to communicate, coach, and motivate managers who have positions similar to his old position.

Answers

Answer:

human

Explanation:

Human skills are the skills that can be related to one another. The person who have the strong human skills that could easily engaged with the audience, potential customer. ALso at the same time they would able to connect with the people and those people who feel the individual at personally level

So as per the given situation it is a human skills

I need help on number 8 9 and 10 please help

Answers

Answer:

8. The opportunity cost is c. wearing the shoes

9. To gain the most satisfaction possible

10. A new toy is less exciting to a child with many toys

Explanation:

what would be one duty of a network administrator

Answers

Answer:

to manage network and cyber crime

The price a person pays for the use of credit is called

A. Collateral
B. Debt
C. Insert
D. Security interest

Answers

I think it is D because that’s what my parents said

IF YOU WANT TO BE A VET READ THIS!!!

Requierments:

- They never take students who do not have straight A's, so keep working hard!!

- To go into collage you must have at least 2 years of language (this doesn't mean you have to be fluent or even know it, its just good for applications)

- Have volunteer hours

- Have a clean slate, no laws broken, detentions, etc... (just show your a good person)

- Have good credits

And of course much more, but those are just the basics.



PET VETS:

College: 8+ years
Average Wage: $100,000-$110,000+ yearly
Aedemics: D.V.M or V.D.M


FARM VETS:

College: 6+ years
Average Wage: $100,000-$105,000+ yearly
Aedemics: D.V.M or V.D.M

ZOO VETS:

College: 6+ years
Average Wage: $86,757-$104,000+ yearly
Aedemics: D.V.M or V.D.M

AQUATIC VETS:

College: 8+ years
Wage: $90,000-$100,000+ yearly
Aedemics: D.V.M or V.D.M


I hope this helps you!
Please answer in the vet proffession that you would like and your favorite animal in that group and why!

PLEASE DO NOT REPORT!! I know this isn't a question but it is important information i find interesting to share!

Have a great day!

Answers

Yes! I am in going into 10th grade and am so excited to do vet school! I take a vet class and a marine biology class every week! I already started looking into colleges like UCDavis and the university of Colorado! I have birds fish and dogs as well!
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