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3 years ago

What's the difference between a checking account and a savings account?

Business

1 answer:

elena-s [515]3 years ago

6 0

Answer:

D. A checking account comes with a credit card.

Explanation:

A checking account is opened to facilitate regular bank transactions such as deposits, withdraws, cash transfers, payments, among others. There are no limits to the number of transactions that one can perform per period. Bank's fee and charges are applicable per transaction. To facilitate payments, withdrawals, and deposits, banks provide debit cards to customers.

Savings accounts are designed to help customers accumulate funds for future use. Banks limit withdrawals and offer interest payments to encourage customers to save. Savings accounts have fewer charges and don't come with debit cards.

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Omicron Technologies has $60 million in excess cash and no debt. The firm expects to generate additional free cash flows of $48

pochemuha

Answer:

The closest answer is option (A) $4.45

Explanation:

Solution

Now

Let us assume that Omicron spends the entire $60 million to re-bought shares.

Thus

The amount of the regular yearly dividends in the future is nearest to:

Enterprise value =$48/0.10 = $480 million

The market value = Enterprise value + cash = $480 + $60 = $540 million

Share price = market value / shares outstanding = $540 million / 12 million = $45

Now

The number of shares re-bought = $60 million / $45 = 1,333,333 shares

Shares outstanding = 12,000,000 - 1,333,333 = 10,666,667

Dividend = $48 million free cash flow / 10,666,667 = $4.49

Therefore The amount of the regular yearly dividends in the future is closest to $4.45

4 0

3 years ago

Hypotension in a child with blunt or penetrating trauma is particularly significant because?

kifflom [539]

Hypotension in a child with blunt or penetrating trauma is particularly significant because it often indicates the loss of half of his or her blood volume.

<h3>What is a Hypotension?</h3>

This refers to the decrease in systemic blood pressure below accepted low values. There is no accepted standard hypotensive value, but any pressures less than 90/60 are recognized as hypotensive.

Therefore, the condition is significant because it often indicates the loss of half of his or her blood volume.

Read more about Hypotension

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6 0

1 year ago

A credit card had an Apr of 12.87% all of last year and compounded interest daily. What was the credit card's effective interest

alisha [4.7K]

Answer:

13.73%

Explanation:

Effective annual rate = (1 + APR / m ) ^m - 1

M = number of compounding = 365

$(1 + \frac{0.1287}{365} )^{365} - 1$

$(1.000353)^{365} - 1$ = 0.1373 = 13.73%

7 0

3 years ago

the financial system consists of financial _____, such as commercial banks, and financial markets, such as the stock market.

vazorg [7]

The financial system consists of financial intermediaries, such as commercial banks, and financial markets, such as the stock market. This is further explained below.

<h3>What are financial intermediaries?</h3>

Generally, financial intermediaries are simply defined as Banks, building societies, and unit-trust companies are all examples of financial intermediaries.

In conclusion, Institutions like commercial banks and marketplaces for trading financial instruments like stocks and bonds make up the financial system.

Read more about financial intermediaries

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5 0

2 years ago

Explain the importance of reconciling the bank at set dates

zmey [24]

Answer:

The goal of the bank reconciliation process is to find out if there are any differences between the two cash balances. ... A monthly reconciliation helps to catch and identify any unusual transactions that might be caused by fraud or accounting errors, especially if your business uses more than one bank account.

8 0

2 years ago