1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Elan Coil [88]
3 years ago
5

How are banks able to attract small savers if small savers can usually receive a higher interest rate from money market mutual f

unds than from bank savings accounts?
Business
1 answer:
oee [108]3 years ago
4 0

Answer: Federal deposit insurance covers deposit in bank savings while money market mutual fund shares are not covered

Explanation:

There is what is called Federal deposit insurance, it covers deposit in bank savings while money market mutual fund shares are not covered. Money market mutual funds restrict savers savers to writing checks only above a specified amount such as $500, this shows that money market savings aren't as liquid as bank deposits

You might be interested in
On April 30, Gomez Services had an Accounts Receivable balance of $31,200. During the month of May, total credits to Accounts Re
Kazeer [188]

Answer:

What was the amount of credit sales during May? $ 60200

Explanation:

                                  April Deb         Cre           May

Account receivable 31200          66400 25000

                                31200 60200 66400 25000

Credit 66400 +

may-31 25000 +

apri-30 -31200 -

       = 60200  

5 0
3 years ago
Light emitting diodes (LED) light bulbs have become required in recent years, but do they make financial sense? Suppose a typica
tangare [24]

Answer:

Annual wattage cost of 60 watts is $3.729

Annual LED cost of 60 watts is $0.185

total annual cost = $3.914

Annual wattage cost of 15 watts is $0.935

Annual LED cost of 15 watts is $0.125

total annual cost = $1.06

l

Explanation:

For the cost of LED and durability

it is require to use a light fixture 500 hours per year

60-watt incandescent light bulb costs $.37 and lasts 1,000 hours. that mean, its last for 2years before buying a new one.

And for a 15-watt LED,  costs $3.00 and lasts for 12,000 hours, thats means it will last for 24 years before purchase of another.

assuming, will are using the 60watts for 24years, a cost of  $.37*12times = $4.44 will be use for buying.

therefore, a 15 watts LED is more cheaper.

For the current charges of LED

for 60watts

if A kilowatt-hour of electricity costs $.113 =

1000 watts = 1hour = $0.113

60 watts  = 1hour  = (60*0.133/1000) = $0.0068

it is said that, the consumption is for 500 hour per year.

therefore, 60watts used per year = 500*0.0068 = $3.39

return of 10% =0.339.

total cost of watts for 500hr for a year = 3.39+0.339 = $3.729

Annual wattage cost of 60 watts is $3.729

Annual LED cost of 60 watts ($0.37/2year) is $0.185

total annual cost = $3.914

for 15 watts

if A kilowatt-hour of electricity costs $.113 =

1000 watts = 1hour = $0.113

15 watts  = 1hour  = (15*0.133/1000) = $0.0017

it is said that, the consumption is for 500 hour per year.

therefore, 15 watts used per year = 500*0.0017 = $0.85

return of 10% =0.085.

total cost of watts for 500hr for a year = 0.85+0.085 = $0.935

Annual wattage cost of 15 watts is $0.935

Annual LED cost of 15 watts ($3/24 years) is $0.125

total annual cost = $1.06

6 0
3 years ago
Mark currently has a balance of $973.70 in an account he has held for 17 years. He opened the account with an initial deposit of
IrinaK [193]

Answer:

Simple interest= $273.7

Explanation:

<em>Simple interest is the interest on earned on the principal amount invested only. Kindly note that under this system, only the principal amount invested would earn interest over the course of the investment period</em>

<em> Simple interest is calculated as follows:</em>

Simple interest = Principal × Rate × Time

or

Simple interest = Future sum - Principal amount invested

DATA

Future sum- $973.70

Principal amount invested-700

Simple interest = 973.70 - 700=273.7

Simple interest= $273.7

5 0
3 years ago
What is the most important thing about meeting new contacts
Dahasolnce [82]
I think A. Because I think it is very important to meet new people and getting to know them.
8 0
3 years ago
Read 2 more answers
Which of the following statements will an auditor most likely add to the negative from of confirmations of accounts receivable t
MrRissso [65]

Answer:

The correct answer is letter "C": "If you do not report any differences with 15 days, it will be assumed that this statement is correct".

Explanation:

Accounts Receivable, or AR, is an accounting term used to refer to the money that is owed to a company by its customers. The customers, who may be individuals or corporations, are the debtors since they owe money for the goods or services provided by the company. When the product is sold in credit the company sets a number of days so that the customer can pay the bill amount. The term usually is 30, 60 or 90 days.

In that sense, and auditor may find 15 days suitable for a debtor for report changes in a statement, otherwise, it is considered as correct.

7 0
3 years ago
Other questions:
  • Who moved from rural villages into towns, where they specialized in a particular trade and produced superior quality products?
    9·2 answers
  • If Pam clicks Rotate Right on the Drawing toolbar twice, how many degrees will her image rotate?
    7·1 answer
  • Jason is conducting research to better understand how consumers respond to the atmosphere and environment in restaurants. He vis
    7·2 answers
  • If interest rates rise, which of the following U.S. Government debt instruments would show the greatest percentage drop in value
    9·1 answer
  • If the sides market (betting on a team against the point spread) for NFL football betting is semi-strong form efficient, what do
    11·1 answer
  • Sophia mentions that $250 is not even 1% of her salary and she does not seem motivated by the amount of the bonus. Based on expe
    11·1 answer
  • Suppose the price elasticity of demand is relatively elastic and the price elasticity of supply is relatively inelastic in a spe
    6·1 answer
  • On December 31, Jarden Co.'s Allowance for Doubtful Accounts has an unadjusted credit balance of $16,500. Jarden prepares a sche
    8·1 answer
  • Prepare an amortization schedule for a three-year loan of $114,000. The interest rate is 11 percent per year, and the loan calls
    7·1 answer
  • PLEASE HELPPP
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!