One could argue that selecting an account with minimal fees is more important than selecting a savings account based on interest rate right now. Why might this be true?

Answers

Answer 1

Answer: EASYYY PEASYYY AHEM UWU

Explanation:

A checking account is a bank account you can write checks from, or access several other ways, which tends to make it your go-to, daily transaction bank account. A savings account is where you stash funds that you aren't ready to use yet, often with the goal of accumulating more.

Answer 2

Saving account are bank account which are used the for benefit of interest accrued on capital being saved therein.

However, there are operation charges on the saving account which might deplete the real amount of interest been accrued.

Using a checking account have no or minimal fee, so they are seen as alternative to saving account because of charges.

In conclusion, people might prefer checking account over saving account during this period because interest rate on saving rate are low which will might make operation charges deduct from interest amount till negative.

Learn more about Checking & Saving account here

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Related Questions

Shadow Corp. estimates its uncollectible accounts by aging its accounts receivable and applying percentages to various aged categories of accounts. Shadow computes a total of $26,880 in estimated losses from uncollectible accounts as of December 31, 2021 based on its aging analysis. Its Accounts Receivable account has a balance of $902,400 and its Allowance for Uncollectible Accounts has a credit balance of $3,840 before adjustment at December 31, 2021. How much bad debt expense will Shadow Corp report in 2021

Answers

Answer:

the bad debt expense reported is $23,040

Explanation:

The computation of the bad debt expense reported is shown below:

= Estimated losses arise from uncollectible accounts - credit balance of allowance for uncollectible accounts

= $26,880 - $3,840

= $23,040

Hence, the bad debt expense reported is $23,040

The above formula should be used for calculating the bad debt expense

Three sisters are interested in forming a business together. They have three initial concerns: How to maximize their benefits from the fact that the business is not expected to earn money for at least the first 2 years Making sure that the business will be able to continue in the event one or two of the sisters dies Minimizing their personal liability for the obligations of the business On the basis of the sister's concerns, which form of business is appropriate for the situation

Answers

Answer:

Limited liability company

Explanation:

A limited liability company is one that the owners are not personally liable for the business. Rather the company is a legal entity on its own and can be sued legally as a sepearte entity from its owners.

It combines features of a corporation and a partnership or sole proprietorship.

This will be the best type of business given that the business will not be expected to earn for the first two years. The sisters will not be personally liable for any debt incurred.

Also the business will continue even if only one of the sisters remains.

So an LLC is the best option for them.

Economic fine-tuning is the (usually frequent) use of Group of answer choices fiscal policy that both balances the budget and counteracts even small undesirable movements in economic activity. monetary and fiscal policies to counteract even small undesirable movements in economic activity. only fiscal policy to counteract even small undesirable movements in economic activity. monetary policy that is based on a predetermined steady growth rate in the money supply to counteract even small undesirable movements in economic activity.

Answers

Answer:

monetary and fiscal policies to counteract even small undesirable movements in economic activity.

Explanation:

Economic fine-tuning is the (usually frequent) use of monetary and fiscal policies to counteract or subvert even small undesirable movements in economic activity.

Monetary policy can be defined as the actions (macroeconomic policies) adopted and undertaken by the central bank of a particular country to control the money supply and interest rates so as to boost or enhance economic growth. The central bank uses monetary policies to manage inflation, economic growth through long-term interest rates and level of unemployment in a country. In order to boost economic growth, monetary policy is used to increase money supply (liquidity) while it is also used to prevent inflation by reducing money supply.

On the other hand, Fiscal policy refers to the use of government expenditures (spending) and revenues (taxation) in order to influence macroeconomic conditions such as Aggregate Demand (AD), inflation, and employment within a country. Fiscal policy is in relation to the Keynesian macroeconomic theory by John Maynard Keynes.

what is democracy????​

Answers

Explanation:

a system of government by the whole population or all the eligible members of a state, typically through elected representatives.

Answer:

A system in which government is selected by the citizens....

what do u mean by book keeping why is it important?​

Answers

Jawaban

Bookeeping involves the recording, on a regular basis, of a company's financial transactions. ... With proper Bookkeeping, companles are able to track all information on its books to make key operating, investing, and financing decisions. Bookkepers are individuals who manage all financial data for companies.

Which of the following statement about capital market stakeholders is true Group of answer choices oftentimes capital market stakeholders, product market stakeholders, and organizational stakeholders disagree with each other Offering cash dividends to stockholders will please all the capital market stakeholders within groups, capital market stakeholders are always agree with each others for all the firms, capital market stakeholders are the most important stakeholders for firms to cater to

Answers

Answer: Often times capital market stakeholders, product market stakeholders, and organizational stakeholders disagree with each other

Explanation:

The various stakeholders a company will often times find that they are clashing with each other as they try to push their agenda at the expense of other stakeholders.

Capital market stakeholders for instance, provide capital to the business and so would prefer if it kept costs as low as possible so that they the capital providers can get an adequate return. Product market stakeholders such as suppliers would be trying to increase their prices so as to make more money and this would go against the wishes of the capital providers leading to a disagreement between both classes.

What is the impact of changes in the cost of energy, raw materials, borrowing, and premises on your
chosen enterprise?
(What happens if these costs increase/decrease and how will this impact the price of goods/services your enterprise provides)

Answers

Answer:

Answer shortly

Explanation:

Running an enterprise may seem daunting at times especially when the economy isn't healthy and lack adequate commercial infrastructure. The running cost incurred on energy especially in a star without stable electricity to power engines and machines and as such leading to increased reliability on fuel and gas eats up a large chunk of revenue.

Raw materials are at the heart of producton, they are so important since they are the basis of what is being produced. This has a direct impact or say on the price of goods produced and ultimately the profit made from revenue.

Borrowing has formed a common part of a business setup, Running an enterprise would require the need taking loans, the impact of loans on business may be the repayment plan and interest rates. High Interest may result in unreasonable borrowing plan or inability to take loans to fund enterprise growth.

Identifying required environment or arrangement required for the business to thrive.

Generally, increase in energy cost and raw materials and borrowing will lower revenue as production cost will soar and high interest eats deep into profit.

A bank agreed to lend a merchant $10,000 for one year at 8% interest. The loan proceeds were to be disbursed within two weeks. The merchant intended to use the loan proceeds to purchase a specific shipment of carpets for resale at an expected profit of $5,000 but said nothing about these plans to the bank. The bank failed to disburse the proceeds and refused to assure the merchant that it would do so. The merchant was able to secure a loan from another lender at 10% interest for one year. However, by the time the merchant started the application process for a substitute loan, it was too late to pursue the opportunity to buy the shipment of carpets. In an action against the bank for breach of contract, which of the following amounts is the merchant likely to recover?
Answers:
A. Nothing, because damages lost opportunities are not recoverable.
B. Nothing, because the parties failed to tacitly agree that the merchant would be entitled to damages in the event of a breach by the bank.
C. The difference in cost over time between a loan at 10% and a loan at 8%.
D. $5,000, the merchant's foreseeable loss.

Answers

Answer: C. The difference in cost over time between a loan at 10% and a loan at 8%.

Explanation:

The first bank cannot be held liable for damages relating to the loss of the opportunity to buy the carpets because they were not informed of it and so could not have made a decision based on it.

Another thing they cannot be held liable for is the merchant's inability to get another loan in time because it is assumed that there are other banks that the merchant could have gone to. What they can be held liable for however, is the difference in the types of loans.

The merchant had to get a loan with a higher interest rate because they couldn't honor their agreement so they will pay the difference in interest between their loan and the one the merchant was able to get.

Frederick Taylor, the founder of scientific management, examined labor efficiency and effectiveness. His goal was to change: Group of answer choices the motivation factors that relate to job satisfaction and the hygiene factors that relate to job dissatisfaction. the work conditions related to satisfaction of the need for psychological growth. the relationship between technology and labor efficiency. the relationship between management and labor from one of conflict to one of cooperation.

Answers

Answer:

the relationship between management and labor from one of conflict to one of cooperation.

Explanation:

The goal of Frederick Taylor and scientific management is to increase labor efficiency. He proposed specialization and training in order to have more efficient workers that can produce more per hour. At the same time, Taylor advocated for higher pay if efficiency and productivity increased. For example, if a worker produces 100 units, he/she should be paid twice than a worker that produces only 50 units.

the reasons why socio economic issues pose a challenge to businesses ​

Answers

Answer:

Socio-economic issues affect consumer spending due to poverty and unemployment. These issues place extra burdens and expenditure on businesses as they have to develop policies/support systems/ informative programs to address them.

Explanation:

In the balance sheet at the end of its first year of operations, Dinty Inc. reported an allowance for uncollectible accounts of $82,000 During the year. Dinty wrote off $32,000 of accounts receivable they had attempted to collect and failed. Credit sales for the year were $2, 200,000, and cash collections from credit customers totaled $1, 950,000.
What bed debt expense would Dinty report in its first-year income statement?
A. $50,000.
B. $12,000.
C. $114.000.
D. Can't be determined from the given information.
What accounts receivable balance would Dinty report in its first year-end balance sheet?.
A. $196,000.
B. $211000.
C. $230,000.
D. None of the above is correct
Dim's adjusting entry for bad debts at year-end, which of these would be included?
A. Debit to bed debt expense for SI 14.000
B. Credit to allowance for uncollectible accounts for $82,000
C. Debit to accounts receivable for $32,000
D. All of the above are correct.

Answers

Answer and Explanation:

The computation is shown below:

a. The bad debt expense is

= change in allowance balance + wrote offs

= $82000 + $32000

= $112,000

b. the account receivable balance that should be reported is

= credit sales - cash collection - wrote offs

= $2,200,000 - $1,950,000 - $32,000

= $218,000

c. The adusting entry should be

Bad debt expense Dr $114,000

       To allowance for doubtful debts $114,000

(Being bad debt expense is recorded)

here the correct option is a.

explain the meaning of personal account,real account and nominal account,give five examples each​

Answers

Answer:

An example of a Real Account is a Bank Account. A Personal account is a General ledger account connected to all persons like individuals, firms and associations. ... A Nominal account is a General ledger account pertaining to all income, expenses, losses and gains. An example of a Nominal Account is an Interest Account

Jon is considering providing substantial funding to a new startup company called Ampére located in Spain. The company is planning to begin producing electric vehicles that are equipped with fully autonomous driving technology in two years. Jon is concerned that customers in Spain are not receptive to fully autonomous cars as recent country-wide research shows that the company ranks 17th (out of 20 countries surveyed) on the autonomous vehicle readiness index. Customers in Spain do not seem to be willing to adopt these technologies yet. Which of the following PESTEL dimensions should Jon most closely follow in order to assess whether customers' attitudes towards autonomous technologies will begin to change in the near future?

a) Technological
b) Economic
c) Sociocultural
d) Ecological
e) Legal

Answers

Answer:

c) Sociocultural

Explanation:

The attidudes of Spanish consumers towards autonomous cars are mainly influenced by sociological and cultural factors, in other words, they belong the sociocultural dimension of PESTEL.

Some of these factors may be: opennes to experience, education level of the population, demographic structure, income distribution, prevailing ideas or ideology in the populace, and so on.

These are the factors that Jon should look closely to in order to determine as objectively as possible the consumer attidue towards autonomous cars, so that he can decide whether or not to start this type of business.

Assume the market value of Fords' equity, preferred stock, and debt are$6 billion, $2 billion, and $13 billion, respectively. Ford has a beta of 1.7, the market risk premium is 8%, and the risk-free rate of interest is 3%. Ford's preferred stock pays a dividend of $4 each year and trades at a price of $30 per share. Ford's debt trades with a yield to maturity of 8.0%. What is Ford's weighted average cost of capital if its tax rate is 30%

Answers

Answer:

Explanation:

Cost of equity (Re) = Risk free rate + Equity rate*Market risk premium

Cost of equity (Re) = 0.03+(1.7*0.08)

Cost of equity (Re) = 0.03 + 0.136

Cost of equity (Re) = 0.166

Cost of preferred stock (Rpfd) = Dividend/stock price

Cost of preferred stock (Rpfd) = 4/30

Cost of preferred stock (Rpfd) = 0.1333

==> 6 billion + 2 billion + 13 billion = 21 billion

Debt % = 13 billion / 21 billion = 0.619 \

Equity % = 6 billion / 21 billion = 0.286

Preferred stock % = 2 billion / 21 billion = 0.095

Debt capital (Rd) = Its comes from yield to maturity of 8%

Tax rate= 30%

WACC = Re*E% + Rpfd*P% + Rd(1-Tc)D%

WACC = (0.166)*(0.286) + (0.1333)*(0.095) + (0.08)*(1-0.3))*(0.619)

WACC = 0.047476 + 0.0126635 + 0.034664

WACC = 0.0948035

WACC = 9.48%

So, Ford's weighted average cost of capital is 9.48%

How do I do this? I’m confused

Answers

Answer:

hello ! i don't have sure if my answer is right because to be sincere i'm not the best in math, but i'm gonna answer it because i wanna try to help you, so i'm sorry if it's not right, but my intentions are good.

my answer is 212,000

Explanation:

i found out 5% of 2,000=100

then 100X2000=200000

1200+200000= 212000

假設你目前正經營一項事業,你預計將在海外開設一個營運據點。 1. 請自行設定你的事業內容,並予以說明。 2. 請自行設定你預計在海外何處開設營運據點,以及營運據點的功能為何(如負責銷售或生產)。請說明你的設定,以及解釋為何選擇在該國設置據點。 3. 請蒐集資料分析在你所選擇的國家設置營運據點,在營運時,可能需要注意的政治風險有哪些,對你的事業可能會產生什麼樣的影響? ※政治風險包含的層面很廣,包含當地政府對於資金匯回的管制、匯兌管制、對污染及勞工權益的態度、對外國企業的額外賦稅規定、當地消費者的態度(如傾向於買國貨)、當地政府的運作不效率或腐敗,以及戰爭等。

Answers

the question is

Suppose you are currently running a business and you expect to open an operating base overseas. 1. Please set your own business content and explain it. 2. Please set yourself where you plan to open an operation base overseas and what the functions of the operation base are (such as responsible for sales or production). Please explain your settings and explain why you chose to set up a base in this country. 3. Please collect data and analyze the establishment of an operating base in the country of your choice. What are the political risks that you may need to pay attention to when operating, and what impact may it have on your business? ※Political risks include a wide range of levels, including local government's control of fund repatriation, exchange control, attitudes to pollution and labor rights, additional tax regulations for foreign companies, and local consumers' attitudes (such as tending to buy domestic products) , Inefficiency or corruption of local government operations, and wars.

Interview a business owner in your local community on the negative impact of crime on his/her business and provide evidence of the interview.​

Answers

It’s not surprising when the business owner makes it sound like the local community doesn’t have a high crime rate. But when it does we must ask ourselves. How can this change? Well first how good is the security? Are their security camera’s? And how easy would it be for a criminal to walk into the business?

Which of the following is NOT one of Modigliani and Miller's set of conditions referred to as perfect capital markets?
A. All investors hold the efficient portfolio of assets.
B. There are no taxes, transaction costs, or issuance costs associated with security trading.
C. A firm's financing decisions do not change the cash flows generated by its investments, nor do they reveal new information about them.
D. Investors and firms can trade the same set of securities at competitive market prices equal to the present value of their future cash flows.

Answers

Answer:

c

Explanation:

here are their assumptions

All expectations on expected cash flows are homogenous bonds and shares are traded in perfect markets - there are no transaction costs. two investments with identical cash flows, terms and risk must trade at the same price investors can borrow and lend at the risk free rate there are no agency cost investing and financing decisions are independent of each other

The option, NOT one of Modigliani and Miller's set of conditions often referred to as perfect capital markets, is A. All investors hold the efficient portfolio of assets.

Modigliani and Miller's theory is based on the assumptions that there are no taxes, transaction, issuance, and bankruptcy costs in security trading. It relies on the symmetry of market information and the same borrowing cost for investors and companies.  These assumptions do not apply in the real world.

Thus, the wrong option is A. All investors hold the efficient portfolio of assets.

Learn more about Modigliani and Miller's set of conditions here: https://brainly.com/question/15580530

Andrea Arenas is the owner of 2 Places at 1 Time, a concierge company. She and her staff of 60 perform everyday services, such as walking the dog, picking up cleaning, waiting for the repairman, and going to the post office, for people who are too busy to perform these simple acts. One way she tries to ensure ___________ of services for her regular customers is to make sure that the same well-trained person is always assigned to work for them.

Answers

Answer:

consistency.

Explanation:

A service can be defined as an intangible (immaterial), non-physical activities, satisfactions or benefits that are offered for sale by a business service or provided to accompany the sales of a product. Thus, it's an action that involves offering something to a service taker or customer in return for an amount of money as payment.

Basically, a service is expected to have certain characteristics and these includes;

I. Intangibility.

II. Heterogeneity.

III. Perishability.

IV. Lack of ownership.

V. Inseparability.

VI. Variability.

VIII. Quality management.

In this scenario, one of the ways Andrea Arenas tries to ensure consistency of services for her regular customers is to ensure that the same well-trained person (employee) is always assigned to work for them.

This ultimately implies that, she ensures her regular customers get the same level of quality service at all times by assigning a well-trained person (employee) to work for them.

How much do alcohol related crashes cost Florida every year

Answers

like $44 millon

hopes it help

Discuss the meaning of taxation​

Answers

Answer:

the meaning of taxation is the levying of tax.

Rich receives a 3.5% commission for selling cleaning supplies. What is his commission on sales of $122,591?

Answers

Answer:

$4290.69

Explanation:

Given :-

Rate = 3.5%

Amount = $122,591

To find = commission

=> 3.5% (122,591)

=> 3.5/100 (122,591)

=> 0.035 (122,591)

=> 4290.685

= 4290.69 [Since amount can not have 3 decimal places, we have to estimate it]

Therefore the commission received is $4290.69

$4,290.69 I think


Correct me if I’m wrong

impact of lockdown on business​

Answers

Explanation:

Impact on lockdown on business It has been very tough time for buisness  as far as we know buisness hasnt last long enough and there has been very huge losses.

An economy produces wind turbines, pizza, automobiles, and haircuts. Consumers purchase pizza and haircuts, as well as T-shirts made in another country. Firms purchase wind turbines, as well as x-ray machines made in another country. The government purchases automobiles. An increase in the price of x-ray machines will increase the _____ price index. An increase in the price of T-shirts will increase the _____ price index.

Answers

Answer:

An increase in the price of x-ray machines will increase the _Inflation____ price index. An increase in the price of T-shirts will increase the __Inflation___ price index.

Explanation:

Given -

The price of the X ray machine and the T-shirt is rising and people's income is stable. In this scenario, the purchasing ability of a person declines and he/she will not be able to buy these two commodities thereby increasing the inflation price index.

An increase in the price of x-ray machines will increase the _Inflation____ price index. An increase in the price of T-shirts will increase the __Inflation___ price index.

Orange, an online-gaming site, has millions of users. The site has many games which pit users against each other. The relative standing of each user is presented in the form of an elaborate ranking system for each game. Users pride themselves on gaining the highest points and the highest rank possible. This rise in user participation has increased the value of Orange significantly. This is an example of ________.

Answers

Answer:

C) network effects

Explanation:

Theses are the options for the question

A) monopolistic competition

B) internal marketing

C) network effects

D) guerilla marketing

From the question we are informed about Orange, which is an online-gaming site, has millions of users. The site has many games which pit users against each other. The relative standing of each user is presented in the form of an elaborate ranking system for each game. Users pride themselves on gaining the highest points and the highest rank possible. This rise in user participation has increased the value of Orange significantly. This is an example of network effects. The network effect can be regarded as phenomenon which occur as a result of increased numbers of people or increase in participants improvement about the value of a good or service. One of the example of this effect is Internet. Initially, there were few number of users on the Internet, because people do not see much value then , it was some military and some research scientists that values it, but now almost everyone values it.

Calculate the forward rate for (i) the second year; (ii) the third year; (iii) the fourth year. (Do not round intermediate calculations. Round your answers to the nearest whole percent.) Maturity (years) Price of Bond 1 $ 943.40 2 898.47 3 847.62 4 792.16

Answers

Answer:

Bond 1 : 4.38%

Bond 2 : 5.91%

Bond 3 : 6.07%

Bond 4 : 7.21%

Explanation:

The face value of the bond is assumed to be $1,000

Price of Bond 1 : 943.40 = 1000 / (1 + x1) ^1

x1 = 4.38%

Price of Bond 2 : 898.47 = 1000 / (1 + x1) ^2

x1 = 5.91%

Price of Bond 3 : 847.62 = 1000 / (1 + x1) ^3

x1 = 6.07%

Price of Bond 1 : 792.16 = 1000 / (1 + x1) ^4

x1 = 7.21%

vhegg The company that you manage has invested $5 million in developing a new product, but the development is not quite finished. At a recent meeting, your salespeople report that the introduction of competing products has reduced the expected sales of your new product to $3 million. If it would cost $1 million to finish development and make the product, youshould go ahead and do so. The most you should pay to complete development is $2.0 million.

Answers

Answer:

Yes; $2.0 million

Explanation:

Yes, YOU SHOULD GO AHEAD and do so reason been that the TOTAL LOSS would then be the amount of $3 million calculated as [( -$5million)+(-$1 million)+$3 million=-$3 million] instead of the amount of $5 million which therefore means that The MOST YOU SHOULD PAY in order to complete the development would be the amount of $2 million calculated as ($5 Million-$3 Million).

According to Olivier Blanchard, Europeans are more likely to use increases in real wages resulting from technological progress to increase ______, and Americans are more likely to use these increases in real wages to increase ______. unemployment insurance benefits; efficiency wages hours of leisure; consumption of goods and services hours of work; hours of leisure consumption of goods and services; hours of leisure

Answers

Answer: hours of leisure consumption of goods and services;

Explanation:

Real wage is the wage that has been adjusted as a result od inflation.

Based on the information given, according to Olivier Blanchard, Europeans are more likely to use increases in real wages resulting from technological progress to increase (hours of leisure) and Americans are more likely to use these increases in real wages to increase the (consumption of goods and services).

Benny spends all of his money buying wine and cheese. The marginal utility of the last bottle of wine he bought is 60, and the marginal utility of the last block of cheese he bought is 30. The price of wine is $3, and the price of cheese is $2. Benny: Group of answer choices is buying wine and cheese in the utility-maximizing amounts. should buy more wine and less cheese. should buy more cheese and less wine. is spending too much money on wine and cheese.

Answers

Answer:

should buy more wine and less cheese

Explanation:

Marginal utility is the additional utility derived from consuming one more unit of a good

The consumption decision is to consume more units of a good that gives the higher utility per good.  

Marginal utility per good = marginal utility / price of the good  

Wine = 60 / $3 = 20

Cheese = 30 / $2 = 15

Wine has a higher utility per good when compared with cheese. Benny should buy more wine and less cheese

The 1974-1975 recession was a result of a: ANSWER Unselected supply shock that caused a leftward shift of the short-run aggregate supply curve Unselected housing bubble collapse that caused a leftward shift of the aggregate demand curve Unselected supply shock that caused a leftward shift of the long-run aggregate supply curve Unselected I DON'T KNOW YET

Answers

Answer: supply shock that caused a leftward shift of the short-run aggregate supply curve

Explanation:

One of the main causes of the 1974 - 1975 recessions was the raising of oil prices and then the subsequent oil embargo on the United States by Arab members of the Organization of the Petroleum Exporting Countries(OPEC).

OPEC did not like the support that the United States was giving Israel and so placed an embargo on the U.S. such that the U.S. could no longer get much oil from the Middle East which she heavily relied upon.

This reduced the supply of oil drastically to the U.S. and resulted in a supply shock that shifted the short run aggregate supply curve to the left to reflect the fuel scarcity and the effect it had on the economy as production slowed down.

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