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Anettt [7]
2 years ago
6

A certificate of deposit pays a higher interest rate than a savings account because the money is quizlet

Business
1 answer:
storchak [24]2 years ago
6 0

A certificate of deposit pays a higher interest rate than a savings account because the money is kept by banks for a longer time period.

What is the difference between a CD and a savings account?

Since CDs are term deposits, money is held in escrow for a predetermined period. Term deposits are distinct from savings accounts. Savings accounts can be topped off with the money, but once a CD is opened, it usually isn't possible.

Is a CD better than a high-yield savings account?

A high-yield savings account gives far higher liquidity if you want to use the funds as an emergency fund. With a CD, you cannot withdraw your money before it matures without paying a significant penalty. If you have to make an early withdrawal, you might have to pay interest for several months.

Learn more about certificate of deposit: brainly.com/question/13332611

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During the summer months, the local drug store displays everything needed to make s'mores at the front of the store in a campfir
monitta

Answer:

D: Loss leading

Explanation:

Loss leading or the loss leaders is the concept where we decree the price of certain well known and popular products to such a level that customers are amazed. We even start selling that product below its cost as well. The basic logic behind loss leaders is to increase the store traffic and therefore increasing the sales. For example, if everyone is selling eggs at $2 per dozen, and you get it at $1.5 from the whole seller then you can either sell it at the same amount on which you purchasing it from the whole seller, at $1.5 or even below than this at £1.3. People knows that eggs are usually sols at $1.5 but your concept of loss leading will attract them towards your store, and besides purchasing eggs at $1.3, they will also but many other high profit margins products as well.

4 0
3 years ago
Project A requires a $ 385,000 initial investment for new machinery with a five year life and a salvage value of . The company u
Papessa [141]

Answer:

4.2 years

Explanation:

Here is the complete question

Project A requires a $ 385,000 initial investment for new machinery with a five year life and a salvage value of $44,000. The company uses straight - line depreciation . Project A is expected to yield annual net income of $ 23,100 per year for the next five years.

Required:

Compute Project A's payback period.

Payback = amount invested / cash flow

cash flow = net income + depreciation

depreciation = (cost of asset - salvage value) / useful life

(385,000 - 44,000) / 5 = 68,200

Cash flow = 68,200 + $ 23,100 = 91300

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6 0
3 years ago
Lancelot Manufacturing is a small textile manufacturer using machinehours as the single indirectcost rate to allocate manufactur
zhenek [66]

Answer:

$3,927

Explanation:

For the computation of bid price first we need to follow some steps which is shown below:-

Manufacturing overhead rate = Overhead cost ÷ Machine hours

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Total manufacturing cost charged to the school

= 2,000 + 400 + (900 × 0.45)

= $2,805

Markup cost = $2,805 × 0.4

= $1,122

Bid price of job = Total manufacturing cost charged to school + Markup cost

= $2,805 + $1,122

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7 0
3 years ago
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Helga [31]

Answer: Transformational advertising  

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