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3 years ago

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Robert wants to get serious about saving for a new car. Which account would you recommend? Why?

1 answer:

ch4aika [34]3 years ago

3 0

Answer:

Robert wants to get serious about saving for a new car. Which account would you recommend? Why?

Since Robert has a long term goal for his money and wants to earn a higher interest rate, a certificate of deposit (CD) will probably be the best choice. It pays a higher interest than a savings account.

Cindy has been working for 8 years, and she’s built up a huge emergency fund -- $45,000, which would be 6 months of her salary. She’s hoping to earn a bit more interest than she currently is with that $45,000 just sitting in her traditional bank’s savings account. Which account would you recommend? Why?

Money market accounts earn a higher interest rate than a normal savings account, but they are generally better suited for individuals that have a relatively high balance in their accounts. Since Cindy has saved $45,000 already in her savings account, now it is time to deposit the money on a money market account.

Janelle likes to keep all her savings goals separate, so she has an account for each one, including an account to save for her college textbooks every semester. She buys books about every 6 months, with roughly $550 due each time. She likes to save the money up in installments, with auto-deposits from each of her twice monthly paychecks. She’s wondering if her online savings account, earning 0.75%, is still her best option for monthly deposits toward her textbooks. Which account would you recommend? Why?

Probably Janelle has already chosen the best possible option. To be honest, there are really few alternatives that you can seek when all you will save is $550 every 6 months. She is already earning a decent interest rate for a savings account, and even if she looked at different options and eventually found one that paid slightly better interest (e.g. 1%), it wouldn't make a great difference.

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Management? Is it for you?

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Answer:

Not really, too much stress imo

Explanation:

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3 years ago

Technician a states that pinching off the flexible brake hoses with vice grip pliers is a recommended method of closing rubber b

Julli [10]

In this case, Technician B is correct.
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3 years ago

All of the following situations contribute to the need for a company to recognize deferred revenues, except for:

blondinia [14]

Answer: C) mutually unexecuted contracts between buyers and sellers.

Explanation:

Mutually Unexecuted contracts refer to a situation where both parties being the buyer and the seller have not executed their parts of the bargain or rather fulfilled their parts of the contract.

In such a case, even though legally, there is an obligation to perform due to the signing of a contract, Accounting wise, there is no need to record a liability.

This is why Mutually Unexecuted contracts do not contribute to the need to recognize deferred revenue.

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3 years ago

The distance a fragment of dna moves into the gel is proportional to the of the fragment in .

strojnjashka [21]

'The distance a fragment of DNA moves into the gel is proportional to the of the fragment in logarithms of the size.

Deoxyribonucleic acid is a polymer composed of two polynucleotide strands twisted together to form a double helix. Polymers carry the genetic instructions for the development, function, growth, and reproduction of all known organisms and many viruses. DNA and ribonucleic acid are nucleic acids.

Intracellular molecules containing genetic information are involved in the development and function of an organism. DNA molecules allow this information to be passed on from generation to generation.

DNA is the information molecule. It stores instructions for making other large molecules called proteins. These instructions are stored in each cell and spread over 46 long structures called chromosomes. These chromosomes are made up of thousands of short DNA segments called genes.

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1 year ago

Sroufe Manufacturing intends to increase capacity by overcoming a bottleneck operation by adding new equipment. Two vendors have

Vaselesa [24]

Answer:

A) Proposal A= 6875 units

B) Proposal B= 6818 units

Explanation:

Giving the following information:

Two vendors have presented proposals.

Proposal A:

Fixed costs= $55000.

Variable cost= $ 14.00.

Proposal B:

Fixed cost= $75000.

Variable cost= $11.00

The revenue generated by each unit is $ 22.00

Break-even point= fixed costs/contribution margin

A) Proposal A= 55000/(22-14)= 6875 units

B) Proposal B= 75000/(22-11)= 6818 units

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3 years ago