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3 years ago

What three factors should you consider when selecting a savings account?

Business

1 answer:

taurus [48]3 years ago

3 0

Answer:

Maximizing Interest Rates. The interest rate on the account offered by the bank is typically what will help you decide the savings account option that is best for you. ...

Fixed Term. ...

Convenience. ...

Minimum Deposits and Avoiding Monthly Fees. ...

Consider Placing Your Savings in More than One Bank.

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When managers use financial performance as the best definition of an ethical choice, they are taking a(n) ______ approach to org

Drupady [299]

The managers are taking a utilitarian approach to organizational decisions.

<h3>What is the Utilitarian Approach?</h3>

This is known to be a kind of assessment of an action that is said to be based on the effect or the consequences or outcomes.

An example is the net benefits and costs to all stakeholders on a personal level. It aim to get the greatest good for the highest or best number while making the least amount of harm.

Learn more about utilitarian approach from

brainly.com/question/14456560

8 0

2 years ago

Julio produces two types of calculator, standard and deluxe. The company is currently using a traditional costing system with ma

Julli [10]

Answer:

Results are below.

Explanation:

<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 313,020 / 58,000

Predetermined manufacturing overhead rate= $5.4 per machine hour

<u>Now, we can allocate overhead:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Standard= 5.4*26,500= $143,100

Deluxe= 5.4*31,500= $170,100

<u>First, we need to calculate the allocation rates:</u>

Material handling= 183,750 / 1,550= $118.55 per material moves

Setup= 179,180 / 660= $271.48 per setup

<u>Now, we can allocate overhead:</u>

Standard= 118.55*625 + 271.48*85= $97,169.55

Deluxe= 118.55*925 + 271.48*575= $265,759.75

8 0

3 years ago

Given the following values of economic aggregates as a percentage of GNP in the U.S. Find the current account balance and the fi

balu736 [363]

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8 0

3 years ago

Your firm has taken out a 521,000 loan with 8.6% APR (compounded monthly) for some commercial property. As is common in commerci

Anni [7]

Answer:

The monthly payment will be = $5161.08

The final payment will be: = $413,684.38

Explanation:

From the given information:

Given that:

the loan amount = $521000

The interest rate for the loan is = 8.6% compounded monthly

the loan is being amortized for 15 years

Thus, the firm will be paying the due amount after 15 years

We use the Excel software to find the monthly payment and the final payment.

a. Using the Excel Function ( =PMT(8.6%/12,15*12,-521000) )

The monthly payment will be = $5161.08

b.Using the Excel Function (=CUMPRINC(8.6%/12,15*12,521000,60,180,1) )

The final payment will be: = $413,684.38

These can be seen in the images attached below.

3 0

3 years ago

A company with 110,000 authorized shares of $8 par common stock issued 49,000 shares at $13. Subsequently, the company declared

Jet001 [13]

Answer:

$29,400

Explanation:

The company will distribute dividends only to outstanding shares, since the number of outstanding shares is not specified, we should assume that all the 49,000 shares issued are outstanding shares. The company declared a 2% dividend, so we must multiply the current value of the stock times 2% = $30 x 2% = $0.60 per share.

The total amount distributed was 49,000 outstanding shares x $0.60 per share = $29,400

8 0

3 years ago