A. overdraft fees would likely be the highest. you could buy something for $5 and go negative and banks would charge you way more than $5
Answer:
The productivity in sales revenue/labor expense: 3.49
Explanation:
Total sales (revenue) = Sale price per unit x Units sold = $1,710 x 1,231 = $2,105,010
Total labor expense = Total labor hours x Wage rate = 46,453 x $13 = $603,889
The productivity in sales revenue/labor expense is calculated by ussing following formula:
The productivity in sales revenue/labor expense = Total sales/Total labor expense = $2,105,010/$603,889 = 3.49
That means for every dollar lmaster puts into labor, the company potentially makes $3.49 in sales revenue
Answer:
Cat Insanity
An analogy for debt repayment:
a. The multiply rate is... the compound interest rate on the principal.
b. The # of cats is... the number of debts (loans) you hold.
c. Your food scoops are... the periodic repayments of principal and interest.
d. An underfed cat is... a damaged credit rating.
e. A dead cat is... bankruptcy caused by financial distress.
Explanation:
Cat Insanity is a game that teaches students what they will get by acquiring loans which must be repaid. It compares the feeding of cats as debt repayment. The game provides practical learnings for students to be wary of student loans. It concludes that failure to feed the cats leads to damaged credit ratings, and if the cats become dead, the student declares for bankruptcy.
The authors of the game are McKinney GCD Jenny Nicholson, Art Director Kathryn Moffitt, and Copywriter Jade Stoner. Their idea is to connect with students by exposing their future in a way they do not expect it to turn when they continue to acquire more and more student loans.
Answer:
$500,000
Explanation:
The Federal insurance corporation pays a sum of $250,000 to depositor in an insured bank for every category of qualified account owners. Deposits in different banks (but not branches ) are treated different by FDIC for the purpose of insurance.
In a joint deposit account , the federal deposit insurance corporation pays each of the spouse a sum of $250,000 each over the aggregate deposit in the account. All separate accounts owned by the person in a the same banks are merged together.
Rational choice theory states that individuals rely on rational calculations to achieve outcomes that are in line with their personal objectives. These decisions provide people with the greatest benefit or satisfaction — given the choices available — and are also in their highest self-interest.
