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3 years ago

Why would a smart person keep at least $100 balance in their checking account at all times

1 answer:

4 0

One of the major reasons to keep at least $100 in your checking account is to actually cover for unexpected expenses, and also to avoid bank charges or fees for either an overdraft or a returned unpaid transactions.

It could also come handy if you get stuck somewhere, or if you need to take a taxi after having dinner with your new date, and your debit/credit card is on $0.00, this could save you the ultimate embarrassment by just transfering money from checking to your savings account.

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Blossom Inc. had sales of $2,300,000 for the first quarter of 2020. In making the sales, the company incurred the following cost

n200080 [17]

Answer:

CVP Income Statement

Sales revenue 2,300,000

Less: Total variable cost 1,171,000

Contribution margin 1,129,000

Less: Fixed cost 664,000

Net Operating income $465,000

Note:

Cost of goods sold 936,000

Selling expenses 119,000

Admin expense 116,000

Total variable cost 1,171,000

Cost of goods sold 473,000

Selling expenses 71,000

Admin expense 120,000

Total Fixed cost 664,000

6 0

3 years ago

According to an article in marketing news, fewer checks are being written at grocery store checkout stands than in the past. to

timofeeve [1]

Given:
check written year 1 year 2 year 3
yes 225 175 125
no 275 325 375

The expected number of shoppers who pay by check in year 1 if there is no difference in the proportion of shoppers who pay by check among the three years is 175.

Each year has 500 customers, and its proportion of customers paying in check gradually decreased from 45% to 25%. If there is no difference in proportion, I am assuming that the data is averaged. Thus, (225+175+125) / 3 = 525 / 3 = 175.

8 0

3 years ago

The recent emphasis on sources and treatment of hypertension with respect to occupational health and well-being is an example of

Fiesta28 [93]

The correct answer is medicine.
Obviously, any type of disorder or illness of the body has to do with medicine and the possible ways to cure those complications. Hypertension refers to elevated blood pressure levels, so psychology, sociology, and management have nothing to do with it.

3 0

3 years ago

A regression analysis of 117 homes for sale produced the following regression equation, where price is in thousands of dollars a

puteri [66]

Answer:

(a). For every additional square foot of area of a house, the price is predicted to increase by $61

(b) The asking price is $145410 and the residual is a negative $4100

Explanation:

As per the data given in the question,

a) From regression equation Slope = 0.061

So slope = (0.061 × 1,000) ÷ 1 sq. ft.

= $61 per sq. ft.

For every additional square foot area price is increased by $61

b) If size of the house is = 1600 square foot then

Price = 47.81 + 1600*0.061

=$145,410

The asked price is $4,100 less than estimated price and residual is not positive

Hence,

Asking price = $145,410

Residual price = a negative $4,100

5 0

3 years ago

If the objective of your life insurance program is to get the greatest death protection now for your insurance dollars, you shou

Vladimir79 [104]

I think the answer is a term insurance

7 0

3 years ago