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2 years ago

One of the benefits of a savings account is that it allows your money to grow but there is a high risk associated with it.

Business

1 answer:

MrRa [10]2 years ago

4 0

Answer:

There is low interest rate. There is minimum balance requirement problem. There is federal withdrawal limit.

Explanation:

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Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows:

laiz [17]

Answer:

Results are below.

Explanation:

Giving the following information:

Sales in Units

April 54,000

May 75,000

June 94,000

July 82,000

Desired ending inventory= 20% of the following month’s sales.

The inventory at the end of March was 10,800 units.

To calculate the production for each month, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

April:

Sales= 54,000

Ending inventory= 75,000*0.2= 15,000

Beginning inventory= (10,800)

Total= 58,200 units

May:

Sales= 75,000

Ending inventory= 94,000*0.2= 18,800

Beginning inventory= (15,000)

Total= 78,800 units

June:

Sales= 94,000

Ending inventory= 82,000*0.2= 16,400

Beginning inventory= (18,800)

Total= 91,600 units

Total for the quarter= 228,600 units

4 0

3 years ago

PLEASE ANSWER WITH 100% THE CORRECT ANSWER ASAP IF YOU DON'T KNOW THE ANSWER THEN DON'T ANSWER

valkas [14]

1. Unions have been in decline since the 1960s because of

Answer: A. foreign competition.

Explanation: Unions were often conducted in the past in order to protect workers from "arbitrary decisions" of employers. Such decisions resulted to the laying off of workers and cutting of wages. On the contrary, business owners have a different goal. They wanted to make more profit by cutting the wages, so they didn't like the unions. However, unions have been in decline in the 1960s, mainly because of international/foreign competitions. This is because the "bargaining power of the unions as they represent the employees were reduced."

2. When a bank evaluates a person for a loan, what does the word "capacity" refer to?

Answer: C. The ability to make payments on time.

Explanation: A bank evaluates a person for a loan according to his "capability to pay" the loaned amount. It is not according to his willingness to pay, but to his "ability to return the money." In order to know whether a person is capable of repaying the money on time, the bank analyzes the borrower's gross income and his debt.

6 0

3 years ago

Spree Company sold $769,300 of goods during the year at a cost of goods sold of $548,600. Inventory was $31,283 at the beginning

Zarrin [17]

Answer:

16.42

Explanation:

Data provided in the question:

Cost of goods sold = $548,600

Beginning inventory of the year = $31,283

Ending inventory of the year = $35,538

Now,

the Inventory turnover ratio is calculated as;

⇒ ( Cost of goods sold ) ÷ ( Average inventory of the year )

Also,

Average inventory of the year = $\frac{\textup{Beginning inventory + Ending inventory}}{\textup{2}}$

= $\frac{\$31,283+\$35,538}{\textup{2}}$

= $33,410.5

Therefore,

Inventory turnover ratio = $548,600 ÷ $33,410.5

= 16.42

6 0

3 years ago

A company's product sells at $12 per unit and has a $5 per unit variable cost. The company's total fixed costs are $98,000. The

lara31 [8.8K]

Answer:

The contribution margin per unit is $7

Explanation:

The contribution margin per unit can be defined as the difference between the selling price per unit and the variable cost per unit.

Contribution margin per unit = Selling price - Variable cost

Contribution margin per unit = $12 - $5

Contribution margin per unit = $7

The contribution margin per unit is $7

6 0

3 years ago

Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages. Michael Mirer worked for Dawson Company for six months t

lisov135 [29]

Answer:

$83.4

Explanation:

Under FUTA, only the first $7000 earning per year will be taxed. Any amounts above $7000 will be tax-exempt.

For Michael, the tax will be calculated as follows.

for the$11200 earned in Dawson company

=0.6% x $7000

=0.06/100 x 7000

=0.006 x 7000

=$42

Amount earned working at McBribe

=0.06% x 6900

=0.006 x $6900

=$41.4

Total to be paid by the two companies

=$42 + $ 41.4

=$83.4

5 0

3 years ago