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
Lostsunrise [7]
3 years ago
10

2. If the interest rate on a savings account is 0.018%, approximately how much money do you need to keep in this account for 1 y

ear to earn enough interest to cover a single $9.99 Below-Minimum-Balance Fee?
Business
1 answer:
MA_775_DIABLO [31]3 years ago
7 0

The interest from an investment is calculated through the equation,

    I = P x i

Where I is the interest, P is the principal amount and i is the interest rate.

   P = I / i

Substituting the known values,

   P = ($9.99) / (0.018/100) = $55,500

The answer to this item is therefore approximately $55,500. 

You might be interested in
9-10. Armstrong Inc. is a calendar-year corporation. Its financial statements for the years ended 12/31/14 and 12/31/15 containe
IceJOKER [234]

Answer:

Consider the following explanation

Explanation:

If these error are nit corrected, the income before taxes be overstated by $ 35,000 .

As, Overstatement of Ending Inventory will affect the gross profit (Increase) by $ 25,000 and then understatement of Depreciation will further increase Net Profit by $ 10,000

5 0
2 years ago
Brian is a manager at a clothing store. He spends most of his time in the store with his employees, making sure they work their
Sophie [7]

Answer:

First line manager

Explanation:

First line managers are the lowest forms of managers in an organizational structure. They are the managers that deals with employees directly. They operate their departments by assigning work to the employees and monitoring their actions. In this case, the activities of Brian which included making sure they work their scheduled hours, watching them interact with customers and so on indicates that he is a First-Level Manager.

8 0
2 years ago
Cindy has just opened a hair salon and wants to bring more customers in. She's just starting out so she doesn't having anything
valentinak56 [21]

Answer:

Discount

Explanation:

8 0
3 years ago
Read 2 more answers
Ainsley is a middle manager at a large, multinational corporation. She prefers to involve her subordinates in decision making an
lapo4ka [179]

Answer:

<em>The above statement is false.</em>

Explanation:

Max Weber claimed that if the staff actually did what they were told the company would do well.

He already presumed that large organizations would only be capable of functioning effectively if regulations and guidelines were developed, and that everyone accurately followed those regulations.

7 0
3 years ago
Need help fast please!!
arsen [322]
I think it’s C if I’m wrong I’m so sorry
4 0
2 years ago
Other questions:
  • What term refers to the United States’ sale of steel to Germany?
    10·2 answers
  • McRae Corporation's total current assets are $396,000, its noncurrent assets are $512,000, its total current liabilities are $34
    13·1 answer
  • An 85-year old risk averse investor is not happy about the minimal return she is earning on her current investments. She is stre
    8·1 answer
  • Cedar Designs Company, a custom cabinet manufacturing company, is setting standard costs for one of its products. The main mater
    6·1 answer
  • Under IRS rules, if a customer selling shares of stock wishes to use specific identification instead of FIFO for cost basis repo
    9·1 answer
  • Jerome, a manager at Welford Nonprofit Group, is known for his selflessness and willingness to give to others. He likes working
    6·2 answers
  • What is the present value of $5,000 received 5 years from now if the discount rate is 5% (rounded to the nearest dollar?a. $6,38
    5·1 answer
  • The purchase of new car is included in: investment expenditure consumption expenditure on services consumption expenditure on no
    11·1 answer
  • 3. Which answer best shows all of the
    13·2 answers
  • Shale Remodeling uses time and materials pricing. It is setting prices for next year using the following information: Labor rate
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!