1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sedbober [7]
4 years ago
6

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
2 answers:
Mazyrski [523]4 years ago
7 0
I will try my best to answer:

1. <span> c.$10,000
2. </span><span>a.Traditional Bank, Credit Union, Online Bank 
3. </span><span>c.Use a budget to determine how much you can save, then automate the savings by direct depositing that amount from each paycheck
4. False
5. </span><span>c. Invest for your retirement in an IRA </span>
Bas_tet [7]4 years ago
3 0

Answer:

Explanation:

1) Answer is C $10,000

2)Answer is D

3)Answer is B

4)True

5)Answer is D invest into a CD earning 2% interest

You might be interested in
Several managers were having a budget meeting. At first, they were all focused on the issues, though there was mild disagreement
Rzqust [24]

The correct option is task; relationship. The first part of this meeting illustrates the task conflict that later turned into relationship conflict.

<h3>How to manage a conflict?</h3>

It is necessary that organizational departments understand the normality of conflicts in the organizational environment, where there are people with different values ​​and personalities. To reduce tensions, it is necessary to strengthen communication, increase employee motivation and create a culture favorable to development.

Therefore, in the organizational environment there are several types of conflicts with different scopes, which can be reduced through the creation of strong personal relationships and clear and objective communication.

Find out more about conflict management here:

brainly.com/question/26675176

#SPJ1

4 0
2 years ago
What is journal and ledger​
Mila [183]

Answer:

<em>ledger account contains a record of business transactions.</em>

<em>while</em>

<em>  journal is  defined as the book of original entry.</em>

<em>Explanation:</em>

<em>A ledger account contains a record of business transactions. It is a separate record within the general ledger that is assigned to a specific asset, liability, equity item, revenue type, or expense type. Examples of ledger accounts are: Cash. Accounts receivable.</em>

<em>A journal is a detailed account that records all the financial transactions of a business, to be used for future reconciling of and transfer to other official accounting records, such as the general ledger</em>

5 0
3 years ago
Agro corp., based in the country of arahonia, is a company that produces agricultural products. the domestic market of arahonia
Phantasy [73]

Based on the scenario above, this process is being termed as dumping. Dumping is a term used in the international trade’s context where in the export of a company or a country in regards with their product is being priced lower when they are in the foreign importing market than of the domestic market.

6 0
4 years ago
Gentle Ben's Bar and Restaurant uses 6,400 quart bottles of an imported wine each year. The effervescent wine costs $4 per bottl
Sauron [17]

Answer: 523.72 units

Explanation:

Economic Order Quantity = √( 2 * Annual Demand * Order Cost/ holding cost)

holding cost = 35% * Purchase price

= 35% * 4

= $1.40

EOQ = √( 2 * 6,400 * 30/ 1.40)

= 523.72 units

6 0
3 years ago
Larkspur, Inc. issues $3.1 million, 10-year, 8% bonds at 103, with interest payable on January 1. The straight-line method is us
Aleonysh [2.5K]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Download xlsx
5 0
3 years ago
Other questions:
  • Kahn Company paid $240,000 to purchase a machine on January 1, Year 1. During Year 3, a technological breakthrough resulted in t
    13·1 answer
  • The value of a listed put option on a stock is lower when _______________. I. the exercise price is higher II. the contract appr
    15·2 answers
  • Which of the following statements about the Allowance for Doubtful Accounts is correct?
    15·1 answer
  • Why does the government protect inventors and authors by offering them patents and copyrights? a. to encourage free trade c. to
    5·2 answers
  • Jb lumber corporation is downsizing operations and has to decide which of its large saws should be sold. jb currently has four s
    15·1 answer
  • The 2,000 employees working in Toyota's factory in France are an example of the ______ effect of FDI on employment, while the 2,
    12·1 answer
  • The Upstart Company has the following production function.
    5·1 answer
  • Below are descriptions of internal control problems. Identify the one best internal control principle that is related to the pro
    7·1 answer
  • ________ refers to the way entrepreneurs identify new products or services that may lead to promising businesses. A. Focused-bas
    14·1 answer
  • A mobile veterinary business, Portable Paws, Inc., created a mission statement long before it opened its doors for business. The
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!