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aev [14]
3 years ago
9

If the interest rate on a savings account is 0.018%, approximately how much money do you need to keep in this account for 1 year

to earn enough interest to cover a single $9.99 Below-Minimum-Balance Fee?
A. $55,555
B. $55
C. $555
D. $5,555
Business
1 answer:
d1i1m1o1n [39]3 years ago
7 0
The answer to this question would be: <span>A. $55,555
</span>In this question, the interest rate is 0.018% and you need to have $9.99 interest. That mean, you need to divide the target interest value with the current interest rate. The equation should be:

interest = bank account * interest rate
$9.99 = bank account * 0.018%
bank account = $9.99/ 0.018%   (don't forget the % mean 1/100)
bank account = $55,500

If we assume that the $9.99 value is $9.99... then the answer would be $55,555
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Answer:

c. ethnographic

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3 years ago
The proprietorship form of business organization Question 5 options: must have at least two owners in most states. generally rec
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Answer:

generally receives favorable tax treatment relative to a corporation.

Explanation:

The sole proprietorship is the business organization in which the business is controlled by single person only. The business records would be separated with the owner personal records in this type of business also it would not be classified as a separate legal entity just like corporation

But in this it received the favorable tax treatment as compared with the corporation

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3 years ago
Mervon Company has two operating departments: Mixing and Bottling. Mixing has 350 employees and Bottling has 350 employees. Indi
krok68 [10]

Answer:

Allocated administrative cost for mixing is $81000

And allocated administrative cost for for bottling is $81000

Explanation:

We have given total number of employs for mixing = 350

And total number of employs for bottling = 350

Administrative cost = $162000

So total number of employs = 350+350 = 700

So allocation base for mixing =\frac{350}{700}=0.5

So allocated amount for mixing = 0.5×$162000 = $81000

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So allocated amount for bottling = 0.5×$162000 = $81000

3 0
3 years ago
An investor set up his own IRA several years ago and has now decided to get professional advice from an investment adviser. When
Nezavi [6.7K]

Answer:

Municipal bond fund

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He should be most concerned about this fund because these investments are in the investors IRA, the investment aadviser should be immediately concerned about the municipal bond fund investment.

We have seen that this is a tax deferred account, so a tax free investment is not going to be suitable.

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givi [52]

Answer:

The correct option is false.

Explanation:

Knowing the past inclination is said to exist when an individual overestimates his/her capacity of foreseeing the results of any occasion which are by difficult to be anticipated.  

For instance, an individual X anticipating the triumph of Indian group as the consequence of India-Australia cricket coordinate. In spite of the fact that the Indian group may dominate the game, yet that was not a result of the expectation of individual X's forecast.  

Here, Eduardo isn't anticipating any results, however is adhering to being honest and straightforward to his clients. Henceforth, knowing the past predisposition doesn't exist.

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3 years ago
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