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Verizon [17]
3 years ago
11

What are two main reasons for having a savings account

Business
1 answer:
jasenka [17]3 years ago
5 0

Answer:

two main reasons for having a savings account:

  • It can be used as a vacation fund.
  • An account to pay cash for new things and cover repairs.
  • Can be used as an emergency account.

Hope it helps!

You might be interested in
What quality control technique attempts to keep errors from reaching the final customer?
anzhelika [568]

100% Inspection method is the quality control technique that attempts to keep errors from reaching the final customers.

100% inspection method is a quality control technique which involves assessing  and looking at all the parts of a product.

This type of quality control is done to rule out flaws in products so that they do not reach to the customers.

This method is commonly used to evaluate the valuable metals and products.

When conducting the 100% inspection method  data about the manufacturing process is required and software is also needed to analyze inventory of the products.

To know more about the quality control techniques here:

brainly.com/question/20892066

#SPJ4

8 0
1 year ago
A study of college graduates involves three variables: income level, job satisfaction, and one-way commute times to work. List s
pickupchik [31]

Answer:

One-way commute times may be long because affordable housing is distant from the job.

A working spouse could affect all three variables.

People might be very satisfied with their career as long as the income is high.

People may have a career following their passion, but have a low income or a long commute.

Explanation:

As we know that the study in college for graduation generally includes the three types of variables i.e. level of the income, job satisfaction and the one way commute

Now there are some ways that may be cofounded such as the one way commute could belong as if the house is far from the job, for the working spouse the above three variables could be impacted, when the income of the people are high they feel very satisfied and they follow their passion but they have the low income or long commute travelled at the same time

7 0
2 years ago
Harry has just inherited $300,000. Harry has decided to quit his job and go to school full time for the next five years by livin
never [62]

Answer:

$ 75131

Explanation:

Given:

Amount inherited = $ 300000

Present amount of annuity = $ 300000

Interest rate, i = 8% = 0.08

number of years, n = 5

Now,

the formula for the present amount of annuity is given as:

Present amount of annuity = P[\frac{1-(1+i)^{-n}}{i}]

where,

P is the periodic payment

n is the number of years

now, on substituting the values, we get

$ 300000 = P[\frac{1-(1+0.08)^{-5}}{0.08}]

or

$ 300000 = P × 3.993

or

P = $ 75131.48 ≈ $ 75131

hence, the amount he can withdraw is $ 75131

3 0
3 years ago
A company has only two divisions: division a and division
Sloan [31]

Answer – Division A

 

EXPLANATION’

 

Given for last year,

Division A made 60% of the company's total revenue.

Let the company’s total revenue for last year be x

60% of x = 0.6x

Division A made 0.6x last year

 

Also given for last year,

Division B made 40% of the company's total revenue.

If the company’s total revenue for last year is x

40% of x = 0.4x

Division B made 0.4x last year

 

For this year,

We are told that division A's revenue has decreased by 35%

Last year’s revenue was 0.6x

Division A’s revenue for this year = 0.6x – (35% of 0.6x)

= (100% of 0.6x) – (35% of 0.6x)

= (100% * 0.6x) – (35% * 0.6x)

= (100% - 35%) * 0.6x

= 65% * 0.6x

= 65/100 * 0.6x

= 0.39x

Therefore this year, Division A’s revenue is 0.39x

 

Again for this year,

We are told that division B's revenue has decreased by 5%

Last year’s revenue was 0.4x

Division B’s revenue for this year = 0.4x – (5% of 0.4x)

= (100% of 0.4x) – (5% of 0.6x)

= (100% * 0.4x) – (5% * 0.4x)

= (100% - 5%) * 0.4x

= 95% * 0.4x

= 0.38x

Therefore this year, Division B’s revenue is 0.38x

 

If Division A’s revenue is 0.39x, and Division B’s revenue is 0.38x; then Division A had higher revenue this year.

4 0
3 years ago
Ann is a teacher who became interested in helping adults in some of the poorer neighborhoods learn how to read. She plans to sta
garik1379 [7]

Answer:

correct answer is nonprofit organization

Explanation:

  • The nonprofit organization primarily represents organizations based on scientific, educational, research and religious concerns.
  • The nonprofit organization represents voluntary and association type organizations that do not pay income tax.
  • In question, Ana is a professional teacher and she wants to help a poor student in her studies and open a center known as a non-profit organization.

so correct answer is nonprofit organization

5 0
3 years ago
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