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bagirrra123 [75]
3 years ago
10

If the federal reserve lowers the federal funds rate, what will happen to bank savings account?

Business
1 answer:
daser333 [38]3 years ago
3 0
The savings account interest will remained the same
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Ron and Amie invested $5,000 in an educational savings account for their daughter when she was born. They were unable to ever ad
galina1969 [7]

Answer:

R=8.333%%

Explanation:

Given,Invested amount =   Principal=P=\$ 5000

Return amount =Amount=A=\$ 10000

Rate=R%%

Time=T=12years

Solution,

Simple interest=S.I=P\times R\times T/100

S.I=\$ 10000-\$ 5000

S.I=\$ 5000

5000=P\times R\times T/100

5000=5000\times R\times 12/100

5000\times 100/5000=R\times 12

R=100/12

R=8.333%%

4 0
3 years ago
Matt and Sarah are selling their home and moving to a new neighborhood. Sarah is going to start college in the fall. She did NOT
marshall27 [118]

Answer:

Matt and Sarah can withdraw the following two types of funds: higher education and medical expenses . While they cannot withdraw any funds for their new home that they are moving into because that will cost them the 10% penalty.

Hope that answers the question, have a great day!

6 0
3 years ago
Morris Company self-insures its workers compensation loss exposure. The risk manager of Morris Company is concerned about the po
Lady_Fox [76]

Answer:

B) excess insurance.

Explanation:

An excess insurance policy covers any risk of loss beyond the scope of a primary insurance coverage. When a company purchases excess insurance, they do not have to pay any money in case a claim or a loss exceeds their primary insurance policy. It's basically having a double insurance in case your loss is too large, the second insurance will take care of it.

3 0
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New-product strategy Group of answer choices a. Experimenting with recipes to adjust seasoning and structural integrity b. All-d
Murljashka [212]

Answer:

c. Plans for new manufacturing lines to meet potential demand  

Explanation:

A new product strategy refers to industrial plans for new manufacturing lines that aim to meet potential demand.

These new products aim to satisfy old consumers, with upgrades to their favorite products, or to attract new consumers, through a new manufacturing segment that can even leave the niche that the company is part of.

This is a way for the company to diversify its product offer or meet a rising demand, thus creating greater and complete revenue.

3 0
2 years ago
Read 2 more answers
Record the necessary entries in the Journal Entry Worksheet below
Snezhnost [94]

Explanation:

The journal entries are shown below:

1. Salaries expense A/c Dr $1,200       ($400 × 3 days)

      To Salary payable A/c Dr $1,200

(Being the accrued salary is recorded)

The 3 days are calculated from December 28 to December 31

2. Salaries expense A/c Dr $4,400         ($400 × 11 days)

Salary payable A/c Dr $1,200

                       To Cash A/c $5,600

(Being the payment is recorded)

3. Now the adjusted balance of Salaries Payable is

= Salaries Payable before adjustment in 2015 + Adjusted balance

= $0 + $1,200

= $1,200

5 0
3 years ago
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