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riadik2000 [5.3K]
3 years ago
7

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

Business
1 answer:
k0ka [10]3 years ago
8 0

Answer:

1) Money Market Savings Account

2) Online Savings Account

Explanation:

1) Money market accounts which are also known as money market savings or deposit accounts, are accounts that may give interest on a tier bases and may also give waivers on due fees if a customer is able to maintain a particular balance per month

Money market accounts are accounts that is better adapted for a customer that is able to maintain a substantial balance in their bank accounts and would like to be offered a higher interest than that which is given by a basic savings account

2) For Janelle, given that her savings duration are for a period of t months and the amount save is $550, the savings account with a high combined interest rate and flexibility is the online savings account, and given that her current online savings account earns 0.75%, which is high compared to average interest rate of online savings account, her online savings account is still her best option.

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Money functions as a store of value if it allows you to:
fenix001 [56]

Money is called a store of value because it allows us to:

  • Save
  • Allocate capital
  • Have confidence in money

When money is a store of value, it means that it is capable of being held such that it can increase our wealth and net worth. This is why it can be saved and used as a means of capital.

When money is a store of value, we have confidence in its ability to be used to carry our wealth into the future.

In conclusion, money being a store of value means that we have confidence in it.

<em>Find out more about the </em><em>functions </em><em>of </em><em>money </em><em>at brainly.com/question/3182649. </em>

5 0
2 years ago
The following information is available at the end of May:Balance in work in process on May 1 $57,600Direct material costs for Ma
Vsevolod [243]

Answer:

Work in process account= $76,680

Explanation:

Giving the following information:

Balance in work in process on May 1 $57,600

Direct material costs for May $89,200

Overhead applied at a rate of 120% of direct labor dollars

Direct labor= $76,500

Jobs completed during May and transferred to finished goods inventory was $242,420

Work in process account= Beginning work in process+direct materials + direct labor + manufacturing overhead - Jobs completed during May

Work in process account=57600 + 89200 + 76500 + (76500*1.20)- 242420

Work in process account= $76,680

5 0
2 years ago
A company received $5,000 for 100 one−year subscriptions on july 1. the journal entry to record this cash receipt would include
seropon [69]

A credit to Unearned Revenue for $5,000

7 0
3 years ago
Read 2 more answers
On her way to office, Mandy bought a cup of cappuccino from a newly opened café. She loved the drink, and recommended the café t
Serhud [2]

Answer:

On her way to office, Mandy bought a cup of cappuccino from a newly opened café. She loved the drink, and recommended the café to her colleague. In the given scenario, Mandy's recommendation is an example of <em>Word-of-Mouth advertising which is an unpaid form of promotion in which, satisfied customers tell other people how much they like a business, product or service. Word-of-mouth advertising is important for every business, as each happy customer can steer dozens of new ones your way.</em>

Explanation:

Word-of-mouth marketing (WOM) is an age old marketing technique that has stood the test of time to remain the most effective form of marketing. It is a powerful asset in our line of work which retains its influential power on the purchase behaviour of customers because it is based on trust, piques people's interestand and gets people talking.  

It is also called word of mouth advertising which is incorrect because, by definition, advertising is a paid and non-personal communication.

There are different word of mouth marketing techniques that may used when something is done or created unique are:

- Set up word of mouth triggers.

- Use visual triggers as emotional provocation.

- Encourage user generated content.

- Positive WOM is to provide information for consumers which highlights the strengths of a product or service and encourages consumers to adopt a product or service.

- Push ratings and reviews hard: about 62% of consumers search online for reviews and information before purchasing a product and a whopping; 90% believe brand recommendations from friends; 28% of consumers say word of mouth is the most important factor in strengthening or eroding brand affinity.  

Marketing executives considered mouth to mouth to be the most effective form of promotion and indicated that they believe word of mouth is the most effective form of marketing.

7 0
3 years ago
In the short run, the quantity of output that firms supply can deviate from the natural level of output if the actual price leve
alisha [4.7K]

Answer:

1. A fall in prices of soybean

2. Reduce quantity she supplies

3. Falls below

Explanation:

We are to fill in the blanks here

1. In this question the farmer expected price level of 100 but the actual price realized was 90 so there would be a fall in the price of soybean.

2. If farmer feels that price of other goods caused this fall, she would reduce the quantity of soybean that she supplies

3. The quantity supplied is then going to fall below natural level in the short run

8 0
3 years ago
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