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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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Households and firms with savings lend money to banks and other financial institutions. The credit supply curve shows the relati
Varvara68 [4.7K]

Answer:

B and C only.

Explanation:

The options of this question wasn't provided. Here are the options:

A.

higher real interest rate induces more investment.

B.

higher real interest rate discourages current consumption.

C.

higher real interest rate encourages more saving.

D.

all of the above.

E.

B and C only.

It is assumed that households either spend disposable income on consumption or savings. If interest rate is high, it would encourage households to save instead of spending on consumption. The same argument extends to firms.

This explains why the credit supply curve is upward sloping or positively sloped, the higher the interest rate, the higher the savings rate and the higher the credit supply. Conversely, the lower the interest rate, the lower the savings rate and the lower the credit supply.

I hope my answer helps you

8 0
3 years ago
How can the federal budget be used to advance the president's policy agenda?
serg [7]
The OMB audits those recommendations and gives office authorities the chance to guard their dollar demands. Taking after that organization by office audit the changed spending evaluations are fitted into the President's general program before it is sent to Congress. The OMB then screens the spending of the assets Congress appropriates.
3 0
3 years ago
A labor contract provides for a first-year wage of $15 per hour, and specifies that the real wage will rise by 2 percent in the
eduard

Answer:

$17.9469

Explanation:

Calculation for what dollar wage must be paid in the third year

Since the first year is tend to be the base year in which the real wage and nominal wage are both $15 per hour in that year.

The real wage is suppose to increase by 2 percent in the second year which means that the real wage in year two will be $15.30 ($15 * 1.02) per hour.

In a situation where the real wage was supposed to also increase by 2 percent in the third year, this means that the real wage in year three will be $15.606 ($15.3 * 1.02) per hour.

Therefore In order for us to find the nominal wage in third year , we have to index the real wage in order for it to adjust for inflation. Thus the nominal wage in third year will be $17.9469($15.606 * 1.15).

Therefore what dollar wage must be paid in the third year will be $17.9469

3 0
3 years ago
Good cash management is an essential job of the financial manager. You own a small auto sales business called King Kars. You sto
nikdorinn [45]

Answer:

Explanation:

The answer to the above question is given in the attached document.

4 0
3 years ago
Read 2 more answers
Exercise 5-1 The Effect of Changes in Activity on Net Operating Income [LO5-1] Whirly Corporation’s contribution format income s
geniusboy [140]

Answer:

See the explanation.

Explanation:

Requirement 1

New sales volume after increasing 40 units = (7,200 + 40) = 7,240 units. The revised net operating income is calculated as follows

                          Whirly Corporation’s

              Contribution format income statement

              For the year ended December 31 20YY

Sales Revenue (7,240 × 33) = $ 237,600 (Note - 1)

Less: Variable expense (7,240 × 19) = 136,800 (Note - 2)

Contribution Margin = $100,800

Less: Fixed Expense  $54,900

Net Operating Income $45,900

Note 1: Sale price per unit $237,600 ÷ 7,200 = $35

Note 2: Variable expense per unit $136,800 ÷ 7,200 = $20

Requirement 2

From requirement 1 we get,

Sale price per unit = $33

Variable expense per unit = $19

New sales volume after decreasing 40 units = (7,200 - 40) = 7,160 units. The revised net operating income is calculated as follows

                           Whirly Corporation’s

              Contribution format income statement

              For the year ended December 31 20YY

Sales Revenue (7,160 × 33) = $236,280

Less: Variable expense (7,160 × 19) = $136,040

Contribution Margin = $100,240

Less: Fixed Expense  $54,900

Net Operating Income $45,340

Requirement 3

From requirement 1 we get

Sale price per unit = $33

Variable expense per unit = $19

If the sales volume is 6,200 units, the revised net operating income is calculated as follows

                        Whirly Corporation’s

              Contribution format income statement

              For the year ended December 31 20YY

Sales Revenue (6,200 × 33) = $204,600

Less: Variable expense (6,200 × 19) = $117,800

Contribution Margin = $86,800

Less: Fixed Expense  $54,900

Net Operating Income           $31,900

If the company sells 6,200 units, the company can still make a profit.

6 0
3 years ago
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