All categories

3 years ago

Which of these is an advantage of checking accounts?

Business

2 answers:

Stells [14]3 years ago

8 0

Answer:

B - Checking accounts allow convenient ways to deposit or withdraw funds.

Explanation:

I Got It Right On Edge :)

Katarina [22]3 years ago

7 0

Answer:

Checking accounts allow convenient ways to deposit or withdraw funds.

Explanation:

Checking accounts do not have restrictions on the number of withdrawals and deposits that a customer can make. It means one can withdraw and deposit as many times as they want.

The money saves in a savings accounts is considered risk free. The probability of losing the money is negligible. For this reason, a checking account offers a safe and convenient way of depositing and withdrawing.

You might be interested in

Ralph, a regional sales manager, was asked to analyze whether his company should launch a marketing effort to become Right Foods

podryga [215]

Answer:

Switching cost

Explanation:

Switching cost is defined as the cost that is incurred in the course of changing from one supplier to another.Switching cost can be in monetary terms like compensation and termination fees and also in non monetary terms like time , effort and psychological stress.

In the given scenario , the defined activities of Right foods and the intention of Ralph clearly point out the process of potential switch of suppliers , even as the potential switching cost of $0.5 million for termination and $100,000 for replacing of software and retraining of staff are apparent.

4 0

2 years ago

Kathy has naturally curly hair and has often been disappointed with the haircuts she has received. When she moved to a new town,

aivan3 [116]

Answer: Performance risk

Explanation:

Performance risk can be defined as the concern or risk that a person has when acquiring service and that it does not work effectively. A person may have a concern of not knowing if what he is going to acquire is going to work in the desired way, this is the fear presented by Kathy. Kathy has already had a bad experience regarding her hair, where she has not received the best service in terms of haircuts. After she moved to a new city, she started researching where it can get a good haircut. While it is true that she may find someone who does it well, Kathy still has concerns that it may not look good because of her past experiences.

5 0

3 years ago

A firm purchases goods on credit worth $150. The same firm pays off $100 in old credit purchases. An investment is made via the

enot [183]

Answer:

$50 increase

Explanation:

Purchasing goods on credit and paying off credit purchases will reduce cash while issuing equity will increase cash. Cash flow from the three operations listed is:

Cash flow = - credit purchases - credit payments + cash raised for investment

Cash flow = -$150 -$100 + $300

Cash flow = $50

6 0

3 years ago

Mike Hansen has adjusted gross income of $28,000. During the year, Mike decided he needed a larger home. He purchased a home on

masya89 [10]

Answer: The whole of $7,500 moving expenses

Explanation:Mike Hansen is entitled to the deduction of $7,500 moving expenses from his adjusted gross income.

The IRS now allows employees to deduct any moving expenses incurred by them to be deducted from their adjusted gross income before taxation.

4 0

3 years ago

An investment offers to double your money in 30 months (don’t believe it). What rate per six months are you being offered? (Do n

kykrilka [37]

Answer:

9.05%

Explanation:

The formula that would be used to fund the interest rate =

[(FV / PV)^1/N ] - 1

FV / PV = Future value/ present value = 2 (The investment offers to double the investment)

M = 5 (30 months / 6 months )

(2 ^1/8) - 1 = 0.090508 = 9.05%

I hope my answer helps you

6 0

3 years ago