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TiliK225 [7]
3 years ago
13

Which type of account typically has very high liquidity, low or no interest, and low minimum balance?

Business
1 answer:
faltersainse [42]3 years ago
7 0
I would say that it is a CHECKING ACCOUNT. The answer for this would be option A. This type of account can be accessed anytime which makes its liquidity very high, but on the other side, this has very low interest and the minimum balance required is also low. Hope this helps.
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According to the text, why is trade school more
jek_recluse [69]

<u>Explanation</u>:

A trade school is becoming popular this because it serves as a home to acquire technical education.

Thus anyone who wants to learn a skill having no prior experience is a best fit for trade school. A major benefit of the trade school is that it provides practical lessons to students, often times they are grouped together in peers for projects which encourages group learning.

5 0
3 years ago
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At an activity level of 6,900 units in a month, Zeus Corporation's total variable maintenance and repair cost is $408,756, and i
Oliga [24]

Answer:

Total cost= $650,857

Explanation:

Giving the following information:

At an activity level of 6,900 units in a month, Zeus Corporation's total variable maintenance and repair cost is $408,756, and its total fixed maintenance and repair cost is $230,253.

<u>We need to calculate the total cost of 7,100 units. Because it is between the relevant range, fixed costs will remain the same. We need to determine the unitary variable cost.</u>

Unitary variable cost= total variable cost/ unit

Unitary variable cost= 408,756/6,900= $59.24

Total cost= 59.24*7,100 + 230,253= $650,857

6 0
3 years ago
What is the value today of receiving $5,000 at the end of six years, assuming an interest rate of 8% compounded semiannually?
Ulleksa [173]

Answer:

$3,122.96

Explanation:

Future value = 5000

i = 8%

n = 6

m = 2

Present Value = FV(1+i/m)^mn

Present Value = 5,000(1+0.08/2)^-2*6

Present Value = 5,000(1.04)^-12

Present Value = 5,000 / (1.04)^12

Present Value = 5,000 / 1.6010322

Present Value = 3122.985284118583

Present Value = $3,122.96

6 0
3 years ago
Which of the following is an example of discrimination in the workplace? refusing to hire a person because another person is bet
zzz [600]
Refusing to hire a minority. It is illegal to discriminate based on race, gender, etc. The other options are valid reasons to choose not to hire someone
6 0
3 years ago
You have $7,800 to deposit. Regency Bank offers 6 percent per year compounded monthly (.5 percent per month), while King Bank of
hammer [34]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

PV= $7,800

Regency Bank:

i= 0.5 percent per month

n= 19*12= 228

King Bank:

i= 6 percent annually

n=19

To calculate the final value of each bank we need to use the following formula:

FV= PV*(1+i)^n

Regency bank:

FV= 7,800*(1+0.005)^228= $24,319.61

King bank:

FV= 7,800*(1.06)^19= $23,599.68

6 0
3 years ago
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