All categories

3 years ago

What is the difference between a savings account and a certificate of deposit?

1 answer:

6 0

A savings account you can redraw from, while a certificate of deposite has to be left alone for a certain while, and it ussually gains more interest.

You might be interested in

The function of media advertising is to support the economy, provide information about products, and underwrite media costs asso

Lynna [10]

The function of media advertising is to support the economy, provide information about products, and underwrite media costs associated with: Promotion of consumption
By using media advertising, a company will be able to obtain larger reach to inform potential customers about the existence of their product, which will persuade the potential buyers to spend their saving to consume their products.

6 0

3 years ago

When identifying the sources of ineffective performance, managers often: a. ignore external conditions an employee faces. b. ign

AlekseyPX

Answer:

Correct option is D

When identifying the sources of ineffective performance, managers often attribute poor performance to a lack of ability of individual performers.

Explanation:

The principle explanation for this low capacity of a solitary individual is on the grounds that the activity doled out to them doesn't coordinate with their capacity.

6 0

3 years ago

Naomi has a home loan amount of $120,000. Her monthly principal and interest payment is $679.00 for thirty years. How much inter

Viktor [21]

Answer:

$124,440

Explanation:

Given a monthly principal and interest payment of $679, over the 30 year period, Naomi would have paid back

$679 * 30 year * 12 months in a year

= $244,440

With a loan amount of @120,000, the interest portion of the total repayment is therefore = total repayment less the loan amount

= $244,440 - $120000

= $124,440.

8 0

3 years ago

In its first month of operations, Bethke Company made three purchases of merchandise in the following sequence: (1) 300 units at

Annette [7]

Answer:

(1) $2,720

(2) $2,220

Explanation:

Given the following sequence:

300 units at $6, 400 units at $7 and 200 units at $8

(1) FIFO method

Ending inventory = 360 units

Cost of ending Inventory:

= 200 units at $8 + 160 units at $7

= 200 × $8 + 160 × $7

= 1,600 + 1,120

= $2,720

(2) LIFO method

Cost of ending Inventory:

= 300 units at $6 + 60 units at $7

= 300 × $6 + 60 × $7

= 1,800 + 420

= $2,220

4 0

3 years ago

a. If Canace Company, with a break-even point at $960,000 of sales, has actual sales of $1,200,000, what is the margin of safety

lutik1710 [3]

Answer:

Results are below.

Explanation:

Giving the following information:

Break-even point in sales= $960,000

Actual sales= $1,200,000

To calculate the margin of safety in dollars and as a percentage, we need to use the following formulas:

Margin of safety= (current sales level - break-even point)

Margin of safety= (1,200,000 - 960,000)

Margin of safety= $240,000

Margin of safety ratio= (current sales level - break-even

point)/current sales level

Margin of safety ratio= 240,000 / 1,200,000

Margin of safety ratio= 0.2 = 20%

8 0

2 years ago