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RUDIKE [14]
3 years ago
6

A certificate of deposit will often result in a penalty for withdrawing funds before the maturity date. If the penalty involves

two months of interest, what would be the amount for early withdrawal on a $20,000, 4 percent CD?
Business
1 answer:
Advocard [28]3 years ago
7 0

Answer:

The amount worth $133 for the prior withdrawal

Explanation:

The amount of annual interest is computed as:

Annual Interest = Withdrawal Amount × Percentage of Certificate Deposit (CD)

where

Withdrawal Amount is $20,000

Percentage of Certificate Deposit (CD) is 4%

Putting the values above:

Annual Interest = $20,000 × 4%

= $800

The amount of Penalty is computed as:

Penalty amount = 2 months of Annual Interest

= 2/ 12 × $800

= $133.33 or $133

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3 years ago
Donald discovers major flaws in the packaging department. He consults the production manager and formulates control measures to
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Answer:

The most suitable answer here is D. Concurrent Control.

Explanation:

Concurrent control is also known as preventive controls and steering controls where the aim of the control procedure is to identify the possible flaws of a process and to prevent them before occurring.

Furthermore, in this scenario as you can see, Donald consults production manager and formulates measures as the process is ongoing. This makes it more of a "concurrent control" as well.

So Why did we not use any of the other options?

Option A, reactive controls is incorrect in this case, because reactive measures are completely spontaneous actions that respond to an accident.

Option B is incorrect too, because feedback controls are done after a process has been completed and through identification of falls happened.

Option C, feed forward controls are not correct in this scenario as well. Although it is a type of preventive control, in this scenario it is not entirely preventive. They are formulating measures even as the process is ongoing.

5 0
3 years ago
An optimum that occurs as a corner solution A. cannot exhaust the budget constraint. B. includes only one good. C. cannot be an
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Answer:

B. includes only one good.

Explanation:

A corner solution is a microeconomics concept, which is used to illustrate the graphical representation of a situation where an individual wouldn't do some things at any cost or for any price.

Optimum is usually experienced on the consumer graph at the point where the indifference curve (IC) is just tangential to the consumer's budget constraint. Thus, the corner solution lies at the non-zero interior, which then means that none of the other goods is contained in the optimum.

Hence, an optimum that occurs as a corner solution includes only one good.

<em>For instance, Tracy saying she wouldn't buy a XYZ phone for any price, or Sarah saying she would visit a museum no matter how much it will cost her are some examples of corner solution. </em>

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Answer: Social Vocation

Explanation:

This is because she derives joy from helping others.

Great interpersonal relationship, compassion are characteristics. So also she’ll have enough time to do all the humanitarian work she loves.

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sveticcg [70]

Answer:

Sophie is a little hesitant and unsure about accepting the game because legally it would be considered _________. B. Pirated software

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A term used to describe the act of illegally using, copying or distributing software without ownership or legal rights.

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