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4 years ago

What is one advantage of keeping your money in a savings account

1 answer:

4 0

The advantage of keeping your money in a savings account is that you can withdraw money whenever you want from your account.

<u>Explanation:</u>

Unlike the long term investments which are withdrawn only upon maturity.

The initial investment is also very low which is depending on the type of savings account., as compared to the long term investment.

People who need to frequently deposit or withdraw amount in their bank accounts prefers savings account.

It also deals with small amount withdrawn or deposit.

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It costs $1,200 to produce 50 pounds of a chemical and it costs $2,200 to produce 150 pounds. The chemical sells for $15 per pou

sashaice [31]

Answer:

C(y) = mx + b

y = cost in dollars

x = amount of chemical

m = per unit variable cost

b = fixed cost

Use High low Method to calculate the Variable cost from the total cost given

Variable Cost = ( Highest activity cost - Lowest activity cost ) / ( Highest Number of Units - Lowest Number of Units )

Variable Cost = ( $2,200 - $1,200 ) / ( 150 - 50 )

Variable Cost = $1,000 / 100

Variable Cost = $10 per unit

Fixed Cost = $2,200 - ( 150 x $10 )

Fixed Cost = $2,200 - $1,500

Fixed Cost = $700

Contribution Per Unit = Price - Variable cost

Contribution Per Unit = $15 - $10

Contribution Per Unit = $5

Break-even point = $700 / $5

Break-even point = 140 Pounds

Revenue = 140 x $15 = $2,100

Cost = 140 x 10 = $1,400

8 0

4 years ago

Read 2 more answers

Sea & Sail Corporation makes boats and boating supplies. Theresa files a product liability suit against Sea & Sail, alle

snow_lady [41]

Answer:

Effect on the product

Explanation:

The reason is that the effect of design would be consider to consider whether or not it causes harm to the party, in which case the court will order the other party to compensate the claimant because the defender has breached the contract which resulted in harm to the claimant. So the settlement amount depends upon the resultant loss to the claimant.

5 0

3 years ago

Ayayai Corporation reported net cash provided by operating activities of $345,000, net cash used by investing activities of $145

Furkat [3]

Answer:

the free cash flow is $145,000

Explanation:

The computation of the free cash flow is given below:

The free cash flow is

= cash flow from operating activities - capital expenditures

= $345,000 - $200,000

= $145,000

hence, the free cash flow is $145,000

The same should be considered and relevant

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3 years ago

You took ACC111 where the Owner's Equity section consisted of Capital and Owner's Withdrawals. Now that you've seen the corporat

kap26 [50]

Answer:

Revenues are closed out to Equity (Retained Earnings) for Corporate.

Explanation:

Actually, for both Sole Proprietor and Corporate, the account that is closed out to Capital or Equity is the difference between the Revenue and the Expenses for the accounting period. This is more specifically referred to as Net Income. This is the bottom-line profit, which is available for distribution to the owners of the entity in the form of capital withdrawals for Sole Proprietorships and dividends for Corporate entities.

4 0

3 years ago

Which of the following are government policies designed to deal with monopolies?

Ipatiy [6.2K]

Answer:

All options apply

Explanation:

i) The government can establish antitrust laws to increase market competition.

ii) The government can set rules that regulate the behavior of monopolies, e.g. setting price ceilings

iii) Some natural private monopolies can be bought by the government (usually local or regional) and turned into public companies, e.g. utilities

iv) The government can simply do nothing at all and hope that the market will by itself correct this issue when new competitors enter the market, e.g. Microsoft

4 0

3 years ago