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3 years ago

Why is a savings account better than a checking account for saving money? Read More >>

Business

2 answers:

kotegsom [21]3 years ago

6 0

Answer:

A checking account is a type of bank deposit account that is designed for everyday money transactions. ... Savings accounts have higher interest rates than checking accounts, meaning it is better to let large sums of money (e.g., an emergency fund) sit in savings instead of checking.

Explanation:

Checking accounts are better for everyday transactions such as purchases, bill payments and ATM withdrawals. ... Savings accounts are better for storing money and earning interest, and because of that, you might have a monthly limit on what you can withdraw without paying a fee.

inessss [21]3 years ago

5 0

Answer:

So it is harder for you to spend the money.

Explanation:

If you had a checking account it will be easier to spend it. But if you had a Savings account you will not have a card you will actually have to go to the bank to spend the money.

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Fruit Car Company manufactures 10 fruit themed cars per month. A compact media center is included in each car. Fruit Car Company

Firdavs [7]

The answer for this isss c

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3 years ago

A manufacturing firm has an annual demand of 300,000 units. Using its current operation, the firm pays $800,000 in annual fixed

Elodia [21]

Answer:

It is cheaper to make the units in-house by $300,000.-

Explanation:

First, we need to calculate the total avoidable production costs of making 300,000 units:

Total variable cost= 300,000*15= $4,500,000

Total avoidable fixed cost= 800,000 - 200,000= $600,000

Total production cost= $5,100,000

Now, the total differential cost of buying:

Cost of buying= 300,000*18= $5,400,000

It is cheaper to make the units in-house.

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3 years ago

Hasty and Tasty Foodservice received a 120-day, 9% note for $12,000, dated April 9 from a customer on account. Assume 360 days i

kodGreya [7K]

Answer:

August 7

$12,360

Dr. Cash $12,360

Cr. Interest Income $360

Cr. Note receivable $12,000

Explanation:

Note Receivable is promise in writing to receive a sum of money in future. The money normally consists of Principal and interest.

In this question a note of $120,000 is received from the customer which will mature after 120 days and offer 9% interest on it.

Principal = $12,000

Due date = April 9 + 120 days = August 7

Maturity Value = Principal x ( ( 1 + interest rate ) x time period )

Maturity Value = $12,000 x ( 1 + (9% x 120/360 ) ) = $12,360

Interest Income = $12,360 - $12,000 = $360

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3 years ago

In The General Theory of Employment, Interest, and Money, Keynes rejected the idea that international trade always helps to achi

navik [9.2K]

Answer:

A capitalist economy always gravitates toward high levels of employment.

Explanation:

John Maynard Keynes

This is a man commonly known as an English economist. He was known to be the one wrote a book called "The General Theory of Employment, Interest, and Money" in 1883-1946. It is said that he was most famous for The General Theory of Employment, Interest and Money in 1936. He was known to argued that the best way to deal with prolonged recessions was deficit spending. It was documented that He believed in free market and he is known as the father of modern economics.

The General Theory of Employment, Interest and Money by John Maynard Keynes (1936)

This is said to explains Keynes' theory which was that government deficit spending will help distribute or circulate money, create jobs and promote demand for products.

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2 years ago

Variable Costing Marley Company has the following information for March: Sales $912,000 Variable cost of goods sold 474,000 Fixe

elixir [45]

Answer:

(a) $438,000

(b) $199,900

Explanation:

(a) Manufacturing margin:

= Net sales - Variable cost of goods sold

= $912,000 - $474,000

= $438,000

(b) Contribution margin:

= Manufacturing margin - Variable selling and administrative expenses

= $438,000 - $238,100

= $199,900

= Contribution margin - Fixed selling and administrative expenses - Fixed manufacturing costs

= $199,900 - $54,700 - $82,000

= $63,200

8 0

3 years ago