3 years ago

Which financial institution usually offers the higher interest rate on savings accounts?

Business

1 answer:

zaharov [31]3 years ago

4 0

Answer is credit union. in a credit union you are offered higher saving rates and lower loan rates. <span />

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For tax reasons, your client wishes to purchase an annuity that pays $100,000 each year for 6 years, with the first payment in o

Ne4ueva [31]

Answer:

the amount that should be invested now is $476,654

Explanation:

The computation of the amount that should be invested now is shown below:

= Payment made each year × (1 - (1 + rate of interest)^-number of years) ÷ rate of interest

= $100,000 × [1 - (1 + 7%)^-6] ÷ 7%

= $476,654

hence, the amount that should be invested now is $476,654

5 0

3 years ago

What two words are often associated with centrally planned economies?

yan [13]

Answer:

two words are socialism and communism

3 0

3 years ago

Read 2 more answers

During November, TaskMaster purchased 208,000 pounds of direct materials at a total cost of $436,800. The total factory wages fo

aniked [119]

Answer:

See below

Explanation:

Given the above information,

Direct material price variance is computed as;

= (Actual price - Standard price) × Actual quantity

Actual price = $436,800/208,000

Standard price = $436,800/182,000

Actual quantity = 208,000

Direct material price variance

=[ ($436,800 / 208,000) - ($436,800 / 182,000 ] × 208,000

= ($2.1 - $2.4) × 208,000

= $62,400 unfavourable

8 0

3 years ago

the yellow company has a current ratio of 2.65 . The acid test ratio is 2.01 . The current liabilities of the are company $45,00

ivann1987 [24]

Answer:

Amount of inventory = $28,800

Explanation:

Given:

Current ratio = 2.65

Acid test ratio = 2.01

Current liabilities = $45,000

Prepaid expenses = $0

Find:

Amount of inventory

Computation:

Current ratio = Current assets / Current liabilities

2.65 = Current assets / 45,000

Current assets = $119,250

Acid test ratio = [Current assets - Inventory - Prepaid expenses] / Current liabilities

2.01 = [119,250 - Inventory - 0] / 45,000

90,450 =119,250 - Inventory

Amount of inventory = $28,800

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3 years ago

Ray Jene earns $900 a week at a Publix supermarket. Ray's payroll deductions are 28%. What is Ray's take-home pay?

kaheart [24]

If Ray earns $900 a week and deductions are 28% Ray's take home pay is:
$648 a week

If we assume that the deductions of 28% are taken out of the $900 weekly we will multiply 900 by 0.28 = 252. Then subtract 252 which is the deduction amount from the 900 and we end up with take home pay of $648.

7 0

3 years ago