1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
fenix001 [56]
3 years ago
15

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

Business
1 answer:
balu736 [363]3 years ago
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Unlike the long term investments which are withdrawn only upon maturity.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It also deals with small amount withdrawn or deposit.

You might be interested in
Prepare a personal budget for one month. Be sure to think through your sources of income and expenses. Be as detailed as you wis
olchik [2.2K]

Answer:

ikn  

Explanation:

vgrhn nm mbjnbbvb

4 0
3 years ago
A watch manufacturing company has priced its goods at a rate which is higher than what other companies offer. the watches made b
Art [367]

"Stuck in the middle" firm.

These types of companies do not differentiate themselves or offer better prices, so they are stuck in the middle and at a competitive disadvantage in the marketplace.

8 0
2 years ago
Read 2 more answers
Which of these are considered broad economic goals? Dependability, equity, efficiency Freedom, equity, growth Reliability, hones
kodGreya [7K]

Answer:

equity, freedom, security, efficiency, growth

Explanation:

The economic goals include:

1. Equity: occurs in an economy when income and wealth are fairly distributed within a society.

2. Efficiency (efficiency freedom): is achieved when society is able to get the greatest amount of satisfaction from available resources in an economy

3. Economic growth: when there is an increase in the economy's ability to produce goods and services, often indicated by measuring the growth rate of production.

The other economic goals are:

Economic Stability, balance of payment, Price Stability or Controlling Inflation and Full Employment.

8 0
3 years ago
For June, Gold Corp. estimated sales revenue at $400,000. It pays sales commissionsthat are 4% of sales. The sales manager's sal
bogdanovich [222]

Answer:

The budgeted selling expenses for the month of July is $220,000

Explanation:

The computation of the budgeted selling expenses are shown below:

= Sales commission + sales manager's salary +  shipping expenses +  miscellaneous selling expenses

where,

Sales commission = Sales × commission percentage

                              = $400,000 × 4%

                              = $16,000

Shipping expenses = Sales × expenses percentage

                                = $400,000 × 1%

                                = $4,000

The other expenses amount would remain the same

Now put these values to the above formula  

So, the value would equal to

= $16,000 + $190,000 + $4,000 + $10,000

= $220,000

8 0
3 years ago
An account credits interest at an effective rate of 4% for years 1-3, 5% for years 4-6, and 6% for years 7-9. Deposits of $1,000
netineya [11]

Answer:

The accumulated value of the deposits at the end of 9 years is <u>$11,242.18</u>

Explanation:

Note: Find attached the excel file for the calculation.

Since the deposits are made into the account at the end of each year, interest will be earned on the opening balance for each year since it remains the account for 12 months.

No interest will be earned on the deposit of $1,000 made at the end of each year.

The opening balance, interest earned and the deposit for each year are then added together to obtain the closing balance for each year.

Since the closing balance for year 9 is <u>$11,242.18</u>, this is therefore the accumulated value of the deposits at the end of 9 years.

Download xlsx
3 0
3 years ago
Other questions:
  • The system that compares trades of nasdaq issues and reports the trades to the network c tape is called:
    8·1 answer
  • What is economical of scale?
    13·1 answer
  • If the research is subject to Subpart D, which of the following research activities with children would qualify for an exemption
    8·2 answers
  • Charleston Corporation operates a branch operation in a foreign country. Although this branch operates in euros, the U.S. dollar
    15·1 answer
  • One consequence of a property distribution by a corporation to a shareholder is thatA.the holding period of the distributed prop
    6·1 answer
  • Alma is in the business of dairy farming. During the year, one of her barns was completely destroyed by fire. The adjusted basis
    5·1 answer
  • Journalize the following selected transactions of Miramax Rentals. Omit explanations.
    7·1 answer
  • HOW TO GET A MILLION BELLS IN ANIMAL CROSSING NH PLZ TELL MEE CUZ TOM NOOK WILL KILL MEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
    12·1 answer
  • On 1/1/2020, Studebaker Corp. had an Accounts Receivable balance of $500,000 and an Allowance for Doubtful Accounts balance of $
    15·1 answer
  • Enterprise Machinists is always improving upon its core competencies by training its machinists constantly so that they are equi
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!