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3 years ago

Why do the women from the Financial Diet recommend using direct deposit, mobile banking, and financial apps?

Business

1 answer:

andrew-mc [135]3 years ago

7 0

Answer:

They are useful because you save time and money (and most people consider that time is money). Most apps offer services for free while normally your bank used to charge you for them. Sometimes it is not only what you pay for certain services or not, but the amount of time you spend doing something that can be easily done through an app, e.g. instead of going to an ATM you can just use a cellphone. Those 20-30 minutes that you save cost money. Another advantage of doing things online is that you have the information on hand, and you can check your transactions easily, e.g. when preparing tax returns.

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You purchase an interest rate futures contract that has an initial margin requirement of 14% and a futures price of $121,309. Th

Annette [7]

Answer:

16.54%

Explanation:

Margin = Future price × Initial margin requirement = $121,309 × 14% = $16,983.26

Loss amount = $118,500 - $121,309 = - $2,809

Loss percentage = $2,809/$16,983.26 = 0.1654, or 16.54%

6 0

4 years ago

Monochronic time is a Question 34 options: preference for multitasking. desire to do as little as possible for a period of time.

Nataly_w [17]

Answer:

Preference for doing one thing at a time.

Explanation:

Monochronic time has a simple direct explanation which means the preference of doing one thing at a time. This is directly seen in a managerial and business organisation system or bodies; as it affects working patterns and output of employees. In a world that is seen to be globalized, cultural attitudes and behaviours of people play a crucial role in business and role of output or success of a person. This is said to be so because of time perception tend to change peoples orientation and personal organisations towards meeting, work and some other social functions. The time a European appears to a meeting(on time or minutes before) is different from that of an African(minutes or hours behind schedule).

5 0

4 years ago

Suppose a 5-year, $ 1 comma 000 bond with annual coupons has a price of $ 900 and a yield to maturity of 6 %. What is the bond

NeX [460]

Answer:

3.63%

Explanation:

For computing the bond coupon rate, first we have to determine the PMT by applying the PMT formula that is shown on the attachment

Given that,

Present value = $900

Future value = $1,000

Rate of interest = 6%

NPER = 5 Years

The formula is shown below:

= PMT(Rate;NPER;-PV;FV;type)

The present value come in negative

So, after solving this, the PMT is $36.26

Now the coupon rate is

= $36.26 ÷ $1,000

= 3.63%

6 0

3 years ago

Curtis Corporation's noncallable bonds currently sell for $1,165. They have a 15-year maturity, an annual coupon of $95, and a p

azamat

Answer:

The answer is 7.61%

Explanation:

N(Number of periods) = 15 years

I/Y(Yield to maturity) = ?

PV(present value or market price) = $1,165

PMT( coupon payment) = $95

FV( Future value or par value) = $1,000.

We are using a Financial calculator for this.

N= 15; PV = -1165; PMT = 95; FV= $1,000; CPT I/Y= 7.61

Therefore, the Yield-to-maturity of the bond is 7.61%

7 0

4 years ago

In a multi-step Income Statement:

Anastasy [175]

Answer: B.

Explanation: The multi-step income statement is ultimately used in determining Net Income which is calculated by separately determining :

1. Gross profit( Net sales - cost of goods sold)

2. Operating income( Operating expenses - Gross profit)

3. Operating income combined with non - operating revenue, losses, profit and expenses to obtain the net income or loss.

Conclusively, Gross profit(margin) will be calculated separately, which then be used to obtain the operating income.

7 0

3 years ago