What is one TRUE statement about savings accounts? A. Banks cannot legally require you to keep a minimum balance in a savings account. B. Savings accounts always offer the exact same interest rates. C. They will sometimes offer compounding interest rates, which help you make more money. D. Savings accounts can lose up to 10 percent in value every year, making them quite risky.

Cynthia is a hospitality worker in the lodging industry who prefers to cater to small groups of people. she might want to open a

Analyzing and computing accrued warranty liability and expense waymire company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. during the current period, waymire sold 69,000 units and repaired 1,000 units. (a) how much warranty expense must waymire report in its current period income statement? (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? (hint: remember that some units were repaired in the current period.) (c) what analysis issues must we consider with respect to reported warranty liabilities?

Which of the following is one of the main causes of inflation? a. wages drop so workers have to spend a higher percentage of income on necessities. b. demand drops and forces producers to charge more to meet their costs. c. rising unemployment cuts into national income. d. consumers demand goods faster than they can be supplied.