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steposvetlana [31]
4 years ago
13

Week 5 Quiz - Saving (15pts) 1. If the interest rate on a savings account is 0.01%, 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.$100,000 b.$100 c.$10,000 d.$1,000 2. The three main types of banks (Traditional, Credit Union, Online or Online-Only) have many tradeoffs with respect to technology, convenience, personal experience, fees and savings rates. For this question, put aside all of the trade-offs and look only at savings rate offered on savings accounts. Rank the following from highest to lowest on the interest rates they offer to consumers on savings accounts. a.Traditional Bank, Credit Union, Online Bank b.Credit Union, Online Bank, Traditional Bank c.Credit Union, Traditional Bank, Online Bank d.Online Bank, Credit Union, Traditional Bank 3. For most people, the most effective way to save is: a.Transfer money from a checking account into a saving account b.Use a budget to determine how much you can save, then transfer that amount into a savings account c.Use a budget to determine how much you can save, then automate the savings by direct depositing that amount from each paycheck d.Deposit extra money into a saving account 4. True or False, you can never save too much? a.True b.False 5. Assume you have just started a new job, have a car loan, and have a student loan. You have just received a cash gift of $1,000 from a relative, which of the following is the best use of this money? a.Deposit into an unfunded emergency fund b.Deposit into a 529 savings account for college c.Invest for your retirement in an IRA d.Deposit into a CD earning 2% interest
Business
1 answer:
jeka57 [31]4 years ago
6 0
The anser is A. Yes. It's A.
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Porter identified three generic strategies that a business could follow after identifying a market it wanted to enter.Which of t
gogolik [260]

Answer:

B) Supplier cost differentiation

Explanation:

As per the Porter model of generic strategies, there are three strategies which are as follows

1. Cost leadership strategy: It deals with less cost to reach broad market

2. Differentiation strategy: It deals with offering different products to reach broad market

3. Focus strategy: In terms of cost leadership and differentitaion, it focused with less cost and offered unique products at narrow market segment

Therefore the option B is not included

6 0
4 years ago
All operating expenses are paid in cash in the month incurred. If HDC expects to sell 20,000 units of inventory, the total budge
Eddi Din [679]

Answer:

$123,400

Explanation:

Calculation to determine what amount on the January pro forma income statement

Freight-out $5,000

(20,000 units x 0.25)

Depreciation on Admin. Equipment $10,000

Sales and Admin Sal. $46,400

[$40,000 + (.02 x $320,000)]

Advertising $12,000

Lease $45,000

Miscellaneous $5,000

Total $123,400

Therefore what amount on the January pro forma income statement is $123,400

8 0
3 years ago
Toys-For-All is a toy manufacturing company. As the new production manager, Craig notices that the production unit has been unde
disa [49]

Answer:

Procedure that is used in order to produce the desired quantity of products being produced.

Explanation:

Based on the information being described in this scenario it can be said that the HR specialist will have Craig define the Procedure that is used in order to produce the desired quantity of products being produced. Without this information the HR specialist can not help him conduct a work flow analysis because he does not have the information required to know what the employees should be doing and how the current company is working.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0
3 years ago
The Melrose Corporation produces a single product, Product C. Melrose has the capacity to produce 90,000 units of Product C each
expeople1 [14]

Answer:

Indifferent selling price =$67 per units

Explanation:

The selling at which Mel rose would be economically be indifferent between accepting and rejecting the special order from Moore is that that equates the relevant cost of making to the revenue from t

Relevant variable cost making

= 22.80 + 18.60 + 14.20 + (75%×12.80) = $65.2

                                                                                                    $

Variable cost of special order (= $65.2 × 3,500)=           228,200

Cost of machine                                                                 <u>6,300</u>

Total relevant cost of  special order                                 <u>234,500 </u>

<u> </u>

The price at which Melrose would be indifferent

= total relevant cost/ number of units

$234,500/3500 units

=$67 per units

4 0
3 years ago
In year 1, Company A has the following info in its financial statements: Retained Earnings (beginning balance) of $32,000; Retai
Anastasy [175]

Answer:

b.$70,000

Explanation:

The net income could be computed by two method

First method is

Net income = Revenue - expenses

= $100,000 - $30,000

= $70,000

And, the second method is

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

$95,000 = $32,000 + net income - $7,000

So, the net income is $70,000

3 0
3 years ago
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