Having a savings account can contribute to a person s overall financial well-being. Which one of the following is NOT a benefit of maintaining a savings account?a. A savings account provides security in tough financial times
b. With a savings account, you can invest when the opportunity presents itself
c. Having a savings account gives individuals the ability to borrow money from members in the community
d. A savings account allows an individual to fulfill life long dreams

Answers

Answer 1

Answer:

c. Having a savings account gives individuals the ability to borrow money from members in the community.

What are the benefits of a savings account?

Maintaining a savings account offers numerous benefits, but one advantage it does not provide is the ability to borrow money from members in the community.

Savings accounts are designed for individuals to deposit and save their money, not to facilitate borrowing from others. Instead, this type of borrowing is typically facilitated through lending institutions like banks, credit unions, or peer-to-peer lending platforms.

Option C is correct

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Answer 2

Answer: Letter C. Keyword borrowing

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17. Describe why Social Security is considered a retirement account?
help

Answers

because it provides monetary assistance to people with inadequate or no income and it provides benefits to retired people and those who are unemployed or disabled

I hope this helps

Which type of organizational purchase situation is characterized by high purchase importance and complexity, a large and evolving decision-making unit that includes the top of the organization, a long time to decision, extensive information search and analysis techniques, and a dominant strategic focus?

Answers

Answer:

New Task

Explanation:

The new task is a company purchasing scenario where the purchaser initially buys a products or services for the first time with no testing experience.

An comprehensive search is performed to assess alternatives, however. The higher the price or risk concerned, the more decision-making participants ' knowledge is required.

For instance, an organization that purchases raw resources for the first time to produce devices.

In what three ways can companies consolidate

Answers

Consolidation is the merger and/ or acquisition of many smaller companies into much larger ones. There are many ways in which companies can consolidate. They include: Statutory Merger (a business combination that results in the liquidation of the acquired company’s assets and the survival of the purchasing company); Statutory Consolidation (a business combination that creates a new company in which none of the previous companies survive); Stock Acquisition (a business combination in which the purchasing company acquires the majority, more than 50%, of the Common stock of the acquired company and both companies survive).

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Answers

Answer:

tysm

Explanation:

Answer:

Explanation:

9. Zeta Automotive ordered transmissions from the Alpha Transmission Company on May 7, 1990. The terms of sale were FOB destination. The Alpha Company shipped the transmissions on May 22, 1990, and Zeta Automotive received them on June 1, 1990. When should Zeta Automotive record the account payable?

Answers

Answer:

June 1, 1990

Explanation:

FOB Destination stands for free on board destination.

Simply, it means that the goods in transit will be considered as the seller's responsibility until reached the buyer's destination.

Seller will bear all the liability until the order is delivered at buyer's destination.

Hence, Zeta Automotive (Buyer) will record the account payable only when the order is received on the June 1, 1990

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Answers

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