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maw [93]
3 years ago
13

Kelly wants to save money for an emergency fund. She decides to take advantage of the high interest rates of the holiday club he

r bank offers. Evaluate Kelly's decision.
Business
1 answer:
klasskru [66]3 years ago
6 0
I don't think that is a wise decision

Holiday club are designed to the one who wanted to spent big bucks on specific holidays (for example : Christmas) since the value will fall after the holidays
It's not really suitable for someone who wanted to put it aside for emergencies, hope this helps




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3 years ago
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A supplier is offering your firm a cash discount of 2 percent if purchases are paid for within ten days; otherwise, the bill is
UNO [17]

Answer: not, I wouldn't reccomend to borrow from a bank at 18% annual

Explanation: You will pay more, as montlhy interest would be 1.5% and for the 60 days you will pay 3% interest for the loan (18/12*2).

Example:

Price $ 100

with 2% of discount by paying within 10 days would be $98

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3 years ago
a local partnership was in the process of liquidating and reported the following capital account balances: justice, capital (40%
bogdanovich [222]

Based on the capital account balances and the amount in the cash account, the amount that Zobart will receive is $15,467.

<h3>What will Zobart receive?</h3>

The amount that Zobart will receive can be found by the formula:

= (Deficit x percentage in partnership/ 75%) + Capital account balance

Solving for the amount going to Zobart gives:

= (14,000 x 35%/75%) + 22,000

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In conclusion, the amount to Zobart is $15,467.

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8 0
1 year ago
You are reviewing your client’s Multicurrency company Balance Sheet, and the balance as of the previous fiscal year-end for thei
qaws [65]

Answer:

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3 years ago
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Oksana_A [137]

Answer: The correct answer is b.$3,050.

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