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3 years ago

A no-frills account often has no fees. A. True B. False

Business

1 answer:

Veseljchak [2.6K]3 years ago

3 0

False.

Explanation:

in addition to the service charges applicable to the no frills account was substantially lower than that of the regular savings accounts as a result the zero balance requirement that most banks offered,the account became commonly known as ZERO BALANCE ACCOUNT.

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3 years ago

Regression analysis models helped Avon realize that employee benefits and the appointment fee that representatives pay for mater

12345 [234]

Answer:

False

Explanation:

Correlation tells you if there is association between two or more variables. Regression analysis model allow you to predict one variable from the other.

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3 years ago

If Pete raises his price of muffins from $2 to $3 and his sales revenue increases from $35,000 to $38,000, then:a. this is impos

ElenaW [278]

Answer:

The correct option is C

Explanation:

Provided rise in price increases the revenue from muffin.

That is by $35,000 to $38,000

Rates per muffin = $2 to $3 revised.

Demand at price of $2 = $35,000/$2 = 17,500 units

Demand at price of $3 = $38,000/$3 = 12,667 units approximately

Thus, with increase in price the demand gets to fall in number, though the revenue has increased.

Since the price is increasing by $1 per unit, thus the range is unit elastic.

The correct statement is C

3 0

3 years ago

What is the return rate for brick-and-mortar stores?

irina1246 [14]

Answer:

At brick-and-mortar stores, return rates can average a much lower 8.89%, with apparel being returned 9.96% of the time and footwear 9.13% of the time.

5 0

4 years ago

On January 1, Year 1, Stratton Company borrowed $230,000 on a 10-year, 8% installment note payable. The terms of the note requir

IceJOKER [234]

Answer and Explanation:

The Journal entry is shown below:-

Interest Expense Dr, $17,130

Notes Payable Dr, $17,147

To Cash $34,277

(Being annual amount paid is recorded)

Here we debited the interest expenses and notes payable as it increased the expense and reduced the liabilities and we credited the cash as it also decreased the assets

Working note

For 31 Dec Year 1

Interest expenses = ($230,000 × 8%) = 18,400

Principal paid = $34,277 - $18,400 = $15,877

Ending balance = $230,000 - $15,877 = $214,123

For 31 Dec Year 2

Interest expenses = ($214,123 × 8%) = $17,130

Principal paid = $34,277 - $17,130 = $17,147

6 0

4 years ago