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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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The quality of a product or service that consumers are willing and able to buy at a given price is called

viktelen [127]

Do you mean quantity?

8 0

4 years ago

In a recent annual report, Fourth Wall Inc. (formerly Greencube) disclosed that 61,700,000 shares of common stock have been auth

Nimfa-mama [501]

Answer:

The number of outstanding shares is 26,065,900.00

Explanation:

The number of shares outstanding at the end of the year comprises of all issued shares minus all treasury stock.

The company had issued 35,959,092 shares as well as 567,265 shares till date,hence total issued shares is 36,526,357 shares(35,959,092+567,265)

However,the total number of treasury stock to date is 10,460,457 (7,341,269+3,119,188)

Outstanding shares=36,526,357-10,460,457= 26,065,900.00

6 0

3 years ago

You want to be able to withdraw $45,000 from your account each year for 30 years after you retire. You expect to retire in 25 ye

Amanda [17]

Answer:

Expected withdrawal is $45,000 for 30 years = total of $1,350,000

You will be required to invest in $25.063 every year.

Explanation:

By applying the goal seek formula in excel to determine the annual invested fund, based on a compounded interest rate of 6% over a duration of up to a maximum of 25 years from Year 0, we can clearly see that Savings ought to be $25,063 for every year.

The future Value of each saved fund is derived and added to future value of each years subsequent saved fund to arrive at a total expectation of $1,350,000 expected value after 25 years (i.e. $45,000 annual withdrawal x 30 years of withdrawal)

This brings total savings to $626,572 for the entire 25 years

Kindly refer to the attachment for breakdown of workings.

4 0

4 years ago

Consumer mobility refers to the idea that consumers like to find the same products everywhere. An example of a company that sell

dedylja [7]

Group of answer choices.

a. McDonald's Restaurants.

b. Intercontinental Hotels.

c. Fuji Film.

d. All of the above

e. None of the above

Answer:

d. All of the above

Explanation:

A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.

Consumer mobility can be defined as an idea or situation in which consumers of goods and services like to find the same products they have interest in everywhere i.e across the world.

In this context, some example of a company that sells its products everywhere in the world due to the fact that its customers are found all over the world are: McDonald's Restaurants, Intercontinental Hotels, Apple Inc., Microsoft Inc., and Fuji Film.

8 0

3 years ago

The cost that varies depending on the values of the decision variables is a: ____________

ankoles [38]

Answer:

The cost that varies depending on the values of the decision variables is a: ____________

c. relevant cost.

Explanation:

The relevant cost affects a decision outcome. It is not like the sunk cost, which is fixed in total, no matter the decision being made. A relevant cost is also known as a differential or incremental cost, because it makes a different under some decision alternatives. Relevant costs are important to consider whenever a business entity is making a buy or make decision. Relevant costs have their unit costs fixed while the total costs vary according to the alternatives.

7 0

3 years ago