All categories

3 years ago

What savings account generally pays the least amount of interest of all savings options? account

Business

1 answer:

Hunter-Best [27]3 years ago

5 0

Answer:

Regular savings accounts

Explanation:

Regular savings accounts are also called deposit savings accounts. They are the easiest way to save money in a bank or credit union and receive interest. These types of accounts require a small deposit to open, and the minimum balance is also low. One can avoid monthly charges by maintaining the minimum balance at all times.

The deposit/regular savings accounts are very liquid. Most banks will not have restrictions on the number of deposits and withdrawals per period, say a month. Due to this feature, these accounts earn the lowest interest compared to the other savings accounts. Deposit/ regular accounts are also referred to as transactional savings accounts.

The other types of savings accounts include Money market accounts and Certificates of deposit accounts.

You might be interested in

Westfall Watches has two product lines: Luxury watches and Sporty watches. Income statement data for the most recent year follow

avanturin [10]

Answer:

Net income will be $352,500 more if the company continues with Luxury watches only.

Explanation:

Since the company discontinues Sporty watches operation, the company's variable cost is decreasing. However, the fixed expenses remain same as the company will use the space for producing Luxury watches. The effect of operating income will be as follows:

Westfall Watch

Income Statement (Contribution Margin approach)

Particulars $

Sales Revenue [$400,000+(400,000 x 250%)] 1,400,000

Less: Variable expenses

[$255,000 + ($255,000 x 250%)] (892,500)

Contribution Margin 507,500

Less: Fixed Cost (80,000)

Net Income 427,500

Therefore, the net income will be $427,500 which is $(427,500 - 75,000) = $352,500 more.

6 0

3 years ago

Sam and Talib are reselling their home. If they’re the typical sellers, how much should they expect to pay in transaction costs

iren2701 [21]

6000 to 14000 dollars is the amount that te should both expect to be the transaction cost of selling their home.

<h3>What is the cost of selling a home?</h3>

Several costs usually arises due to the fact that a person wants to sell the home that they own.

One of the costs is the commission fees that these sellers usually pay. The commission fees is usually 5 to 6 percent of the cost of sale.

Read more on commission fees here:

brainly.com/question/24951536

7 0

3 years ago

A company reports the following information: Beginning inventory $ 11,000 Ending inventory 13,000 Expenses 7,000 Net purchases 2

PSYCHO15rus [73]

I think it is B).$34,000 because they are net sales meaning they are after taxes and they wouldnt be getting the clean $38,000 so i that is why i think it is B

4 0

4 years ago

Ted's new company is experiencing a steady decline in profit. He needs external financing to prevent his company's profits from

Degger [83]

Answer:

False

Explanation:

Angel Investors are investors who invest in new start-ups in order to help them get moving and be able to advance with their goals and visions for the business. They do this in exchange for an ownership equity of the startup that they are investing in. This being the case, since Ted wants to exercise sole ownership and control over the firm for as long as possible, it can be said that it will not be easy to find Angel investors willing to help him meet his financial needs.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0

3 years ago

Zoe applies nano technology to invent a device that reduces the half-life of spent plutonium rods used in nuclear-fuel reactors.

Jet001 [13]

Answer: The book Nano Nukes

Explanation: A copyright is a legal type of protection given to the author that states that only the author can decide how others can use her work. With a copyright, work can be used only if the author grants them permission to use it. This means that her work cannot be copied, used or performed without her permission.

However a copyright only protects the written expression of the author's work. This means that the only thing that will be copyright protected is what Zoe physically put in her book, unlike a patent, which protects the idea itself, or other forms of intangible protection laws.

3 0

3 years ago