Why would corporations want to achieve zero balances in their checking accounts?

Why would corporations want to achieve zero balances in their checking accounts?
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1 Answer

Answer :

to earn more interest
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Last Answer : a. only permanent account balances.

Closing entries a. are prepared before the financial statements. b. reduce the number of permanent accounts. c. cause the revenue and expense accounts to have zero balances. d. summarize the activity in every account.

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For initial audits, additional matters the auditor may consider in the overall audit strategy and audit plan include the following except a. Major issues including the application of accounting principles or any auditing and reporting standards discussed with management. b. Confirmation of material accounts receivable balance at the end of the year. c. Planned audit procedure to obtain sufficient appropriate audit evidence regarding opening balances. d. Assignment of firm personnel with appropriate levels of capabilities and competence to respond to anticipated significant risks

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Last Answer : Confirmation of material accounts receivable balance at the end of the year.

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Last Answer : the costs of reaching different segments. Apex

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Last Answer : Checking accounts are an essential part of life. Many billsrequire a checking account to process payment. Credit applicationsoften require checking account information as a way of verifyingidentity and making ... Theyare free to use as well. Virtual checking accounts provide you witha checkbook and

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Last Answer : You should have your social security number and any current banking information. You'll have to sign a document and fax or mail it back in.

What is the interest rate for Suntrust online checking accounts?

Description : What is the interest rate for Suntrust online checking accounts?

Last Answer : I checked the Suntrust site and couldn't find an "online checking account". Suntrust offers a nice discount on loans in other products to its checking account holders though. BankRate.com compiles data involving the major banks and thier interest rates.

Do you know if banks will still give high interest rates on savings accounts compared to a regular checking account?

Description : Do you know if banks will still give high interest rates on savings accounts compared to a regular checking account?

Last Answer : Most savings accounts hold little to no interest rate currently. They are basically the same as a checking account. If you are looking for higher yield interest, consider purchasing a CD.

Are suntrust online checking accounts free, or do I have to pay any fees?

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Last Answer : Yes, Suntrust online checking accounts are available free under several plans; for instance, Suntrust's Online Banking and Online Banking Bill pay are totally free accounts and Monthly Maintenance ... answers.suntrust.com/ AND https://www.suntrust.com/portal/server.pt/community/chk_free_checking/442

Are there any online checking accounts that pay interest?

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Last Answer : There are a couple options if you are looking for an online checking account that pays interest. One of them is EverBank which accrues 0.61 percent in interest, but requires a minimum $1,500 balance ... an online interest checking option with only a $1 minimum balance to open, but charges a $25 fee.

Does National City Bank offer free checking accounts?

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Last Answer : The benefits are usually that there are no monthly fees, no minimum balance, and only a small balance needed to open the account. The drawbacks are that you do not earn interest in most free ... people, free checking does not allow them to gan interest on the large amount of money they have,

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Which banks pay the best interest on checking accounts.?

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How often does PNC Bank compile interest on checking accounts?

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Last Answer : PNC Bank compiles interest on a checking account yearly. Your statement likely contains potential earned interest every month. It will be compiled every 12 months.

Which financial institutions offer business checking accounts?

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How come for the most part, companies and corporations want their employees to think of them as family, but in turn to them those same employees will never be more than numbers on their bottom line?

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Which of the following conditions indicates a short circuited capacitor when checking its condition with an ohmmeter? A. The capacitor shows charging, but the final resistance reading is appreciably less than normal. B. The reading is practically zero and remains there. C. The capacitor shows no charging action, but indicates a very high resistance. D. The pointer moves quickly to the low resistance side of the scale, then slowly recedes toward infinity.

Description : Which of the following conditions indicates a short circuited capacitor when checking its condition with an ohmmeter? A. The capacitor shows charging, but the final resistance reading is appreciably less ... moves quickly to the low resistance side of the scale, then slowly recedes toward infinity.

Last Answer : Answer: B

Which of the following is not required by PSA No. 315, "Consideration of Fraud in a Financial Statement Audit"? a. Conduct a continuing assessment of the risks of material misstatement due to fraud throughout the audit. b. Conduct a discussion by the audit team of the risks of material misstatement due to fraud. c. Conduct inquiries of the audit committee as to their views about the risks of fraud and their knowledge of any fraud or suspected fraud. d. Conduct the audit with professional skepticism, which includes an attitude that assumes balances are incorrect until verified by the audito

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As the wealth gap widens between the rich and the poor. Why do companies and corporations seem not concerned that before long there will be very few people left that can actually afford their goods and services?

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Describe any five factors that promote the Multinational Corporations (MNCs) to setup their production units in a particular place. -SST 10th

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Last Answer : Factors that promotes MNCs are:- 1.Close proximity to the market. 2.Availability of skilled and unskilled labour at low cost. 3.Assured production 4.Governments liberalized policies. 5.Developed infrastructure. 6.Safety measures.

Explain by giving examples that Multinational Corporations (MNCs) are spreading their productions in different ways. -SST 10th

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Explain by giving examples that Multinational Corporations (MNCs) are spreading their productions in different ways. -SST 10th

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Last Answer : MNCs usually set up production units across the globe in places where the market is nearby, there is the availability of skilled and unskilled labour at low costs and other factors ... of such corporations has contributed to the interlinking of such widely dispersed locations across the globe.

How are multinational corporations (MNCs) controlling and spreading their production across the world ? Explain. -SST 10th

Description : How are multinational corporations (MNCs) controlling and spreading their production across the world ? Explain. -SST 10th

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Describe any three ways in which Multinational Corporations (MNCs) have spread their production and interaction with local producers in other countries. -SST 10th

Description : Describe any three ways in which Multinational Corporations (MNCs) have spread their production and interaction with local producers in other countries. -SST 10th

Last Answer : Multinational Corporations (MNCs) set up their factories or production units close to markets where they can get desired type of skilled or unskilled labour at low costs along with other factors ... for small producers and sell their products under their own brand name to the customers worldwide.

Explain any four ways in which multinational corporations have spread their production and interaction with local producers in various countries across the globe. -SST 10th

Description : Explain any four ways in which multinational corporations have spread their production and interaction with local producers in various countries across the globe. -SST 10th

Last Answer : The multinational corporations have spread their production and interaction with local producers in the following ways : (i) Setting up production jointly with local companies. They provide money for additional ... This helps in greater choice for consumers with a variety of goods at cheap prices.

How are multinational corporations (MNCs) controlling and spreading their productions across the world? Explain. -SST 10th

Description : How are multinational corporations (MNCs) controlling and spreading their productions across the world? Explain. -SST 10th

Last Answer : Multinational Corporations (MNCs) usually set up production where it is close to the markets, where there is skilled and unskilled labour available at low costs and where the availability ... are spreading their production and interacting with local producers in various countries across the globe.

Explain by giving examples that Multinational Corporations (MNCs) are spreading their productions in different ways. -SST 10th

Description : Explain by giving examples that Multinational Corporations (MNCs) are spreading their productions in different ways. -SST 10th

Last Answer : Multinational Corporations are spreading their productions in different ways: (i) By setting up partnership with local companies. (ii) By placing orders with local companies. For example, garments, ... had built a large marketing network in various part of India, where its brand was wellreputed.

How are Multinational Corporations (MNCs) controlling and spreading their productions across the world ? -SST 10th

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Last Answer : The Multinational Corporations (MNCs) are controlling and spreading their production across the world in the following ways: (i) MNCs Set-up their production units close to market. (ii) MNCs ... , quality, delivery and labour conditions for distant producers. (vi) By purchasing local companies.

Which one of the following Writs is issued to courts, corporations, government servants or persons directing them to perform their public duty? (1) Habeas Corpus (2) Quo Warranto (3) Mandamus (4) Prohibition

Description : Which one of the following Writs is issued to courts, corporations, government servants or persons directing them to perform their public duty? (1) Habeas Corpus (2) Quo Warranto (3) Mandamus (4) Prohibition

Last Answer : (3) Mandamus Explanation: Mandamus is a judicial remedy which is in the form of an order from a superior court to any government subordinate court, corporation or public authority to do or forbear from doing ... be, and which is in the nature of public duty and in certain cases of a statutory duty.

Which of the following best describes why publicly-traded corporations follow the practice of having the outside auditor appointed by the board of directors or elected by the stockholders? a. To comply with the regulations of the Accounting Standards Council. b. To emphasize auditor independence from the management of the corporation. c. To encourage a policy of rotation of the independent auditors. d. To provide the corporate owners with an opportunity to voice their opinion concerning the quality of the auditing firm selected by the director

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Last Answer : To emphasize auditor independence from the management of the corporation

Which generation raises voices against economic imperialism of the multinational corporations having their roots in the developed countries? a) Third Generation b) Second generation c) First Generation d) None of these

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The ethical roots of the classical model of corporate social responsibility are found in which statement: A. The idea that the interests of stakeholders are as important as the interests of a corporation's stockholders. B. The free market theory which holds that managers are ethically obliged to ace as much money as possible for their stockholders because to do otherwise would undermine the very foundations of our free society. C. The ethical imperative to cause no harm. D. The ethical imperative to prevent harm.

Description : The ethical roots of the classical model of corporate social responsibility are found in which statement: A. The idea that the interests of stakeholders are as important as the interests of a corporation' ... C. The ethical imperative to cause no harm. D. The ethical imperative to prevent harm.

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According to the private property defense of the classical model of corporate social responsibility, managers who use corporate funds for projects that are not directly devoted to maximizing profits are stealing from their owners. Which statement supports this view? A. Property rights are restricted when they conflict with the basic rules of society as embodied in law and custom. B. The connection between ownership and control that exists for personal property does not legally exist for corporate property. C. Investors buy their stocks with the hope of maximizing return on their investment. D. Stockholders in publicly traded corporations are better understood as investors rather than owners.

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Last Answer : C. Investors buy their stocks with the hope of maximizing return on their investment. D. Stockholders in publicly traded corporations are better understood as investors rather than owners.

A double rule applied to accounts in the ledger during the closing process implies that a. the account is an income statement account. b. the account is a balance sheet account. c. the account balance is not zero. d. a mistake has been made, since double ruling is prescribed.

Description : A double rule applied to accounts in the ledger during the closing process implies that a. the account is an income statement account. b. the account is a balance sheet account. c. the account balance is not zero. d. a mistake has been made, since double ruling is prescribed.

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