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What else can I help you with?
Is Cozumel in South America?
Neither. It belongs to Mexico, a country that is usually classified as a North American country.
Can you open a bank account at sixteen?
If you have an adult to sign with you, any kind you want. You have to be 18 to open an account without an adult. As long as you have some money, because usually (although not always) you have to keep a small minimum balance in a checking account. But you can buy any kind of service a bank offers as far as I know.
Time difference between New Zealand and Singapore?
it five hours behind so if it 5.00 in nz it will be noon in Singapore
Can you explain the difference between adjusting entries and entries that would be made to correct errors?
Adjusting entries are journal entries that are made to adjust the balances of certain accounts, usually at the end of a period. An example of an adjusting entry is accumulating depreciation on equipment. Another example would be reducing the balance of Office Suplies Inventory to its end of period amount. An error correction entry is just as it sounds. It's an entry to correct an error. Anyway, they are all the same because after preparing Trial Balance we have to find error, we have to change by posting new entries to adjust the balances. those errors or mistakes can be because of the failure to record the transaction or there's no transaction but some accounts need to be realized. see example below for details: http://www.accounting7.com/content/exercise-adjusting-account-entries-accounting
How do you compare Diminishing Interest to Float Interest?
You have confused between the terms. Simple interest and interest at flat rate is one and the same. The other type of interest is diminishing balance or reducing balance. These are interests associated with loans or finances sought. Well a simple rule of thumb is that usually simple interest rate is about half of rate on reducing balance. For e. g. if rate at reducing balance is 12% then simple interest for the same will be around or just more than 6%
Do most high interest saving accounts require a minimum balance?
Yes, most high interest savings accounts require a minimum balance. Since it is high interest, it is usually a high minimum account balance as well.
On a company's balance sheet where is accounts receivable classified?
on a company's balence sheet account receivable is classified under assets. Accounts Receivable is a Current Asset and usually listed below Cash and Cash Equivalents.
Can I open a savings account if I have a judgment against me?
Yes, you can open a savings account if a bank allows you to. Usually banks are not as strict with savings accounts as they are with checking accounts.
What is the high interest savings accounts?
High interest savings accounts are savings accounts that banks give you that let you earn lots of interest with benefits. They usually are the toughest to get because you need to deposit a certain amount of money.
What is the difference between a checking and savings account in terms of interest rates?
Usually, most checking accounts don't pay interest at all or if they do, a very high minimum balance is needed. Usually when it is available, savings does have more interest paid, but not a significant amount more. Because checking accounts are made to be used, interest is often lower. Savings, and variations of it, tend to be higher because it is not touched...as often.
What are the advantages of high yield savings accounts?
Some advantages of high yield savings accounts include security, guarantee, development of good savings habits, and growth. The maintenance of such an account is usually performed online.
Which savings vehicle usually requires a high minimum balance?
A money market account typically requires a high minimum balance compared to regular savings accounts. These accounts often offer higher interest rates and may come with check-writing privileges, but they also impose minimum deposit requirements that can range from hundreds to thousands of dollars. Maintaining the minimum balance is essential to avoid fees and to earn the advertised interest rate.
What amount of money in a checking or a savings account upon which interest is based?
The amount of money in a checking or a savings account is the balance. The interest is usually based on the balance.
What is a money market account good for?
Money Market accounts are just like having a savings account, only they usually offer a higher interest rate than a normal savings account. Unlike regular savings accounts, Money Market accounts have limitation on how often you can make a withdrawal.
What is the feature used to define best savings accounts in the UK?
The feature used to define the best savings accounts in the UK is usually the one's that offer the highest rate of interest. The higher the interest rate the more their savings will increase in value each year.
What are the benefits of an offshore savings?
The main benefits of an offshore savings account is that it is usually subject to advantageous tax benefits, or no tax at all. Offshore accounts are usually held in Guernsey or the Isle of Man.
Do savings accounts provide you with a checkbook?
Usually not. Checking accounts give you a checkbook, but the idea behind a savings account is that you try to save the money instead of using it regularly, so usually checks and debit cards are only attached to the checking account. Of course online it is just as easy to access your savings account as your checking account.
