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3 years ago

Which list includes the most important factors to consider when opening a savings account?

Business

1 answer:

Svetach [21]3 years ago

6 0

Answer: a. The fees, the interest rates, and the minimum deposit to open the account.

Explanation:

It is important that when opening a savings account, one looks at the financial requirements as well as the gain to them.

They should look at how much they are to pay to maintain the account in terms of bank fees to know if it is an unreasonable figure.

They should look at the interest rates to find out how much their money would increase by. If it isn't high enough, they can leave it.

They should also look at the minimum deposit required so that they are sure of the amount to put in to activate the account.

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What are examples of financial goals? Check all that apply.

goldfiish [28.3K]

Answer:

Skylar wants to pay off her college student loans within five years and Lukas wants to earn at least $40,000 per year.

3 0

3 years ago

Read 2 more answers

RT is about to loan his granddaughter Cynthia $10,000 for 1 year. RT’s TVOM, based upon his current investment earnings, is 12%,

qaws [65]

Answer:

They should not be able to successfully negotiate the terms of this loan within these parameters.

Explanation:

It has been provided that RT earns 12% on his current investments and would not like to receive an interest rate of less than 12% on the loan he gives.

if RT gives a loan of $10,000 for one year, he would charge an interest rate of minimum 12%.

Interest = $10,000*0.12

= $1,200

RT requires $1,200 in interest.

It has been provided that Cynthia earns 8% on her investment.

If she borrows $10,000 and invests the amount for one year, she can earn 8% return on such amount.

Earning = $10,000*0.08

= $800

Cynthia is going to earn $800

RT requires a minimum of $1,200 as interest for 1-year loan he gives while Cynthia can pay a maximum of $10,000 as interest for 1-year loan she takes. there is mismatch between the minimum expectation to receive of lender and the maximum expectation to pay of borrower.

Therefore, They should not be able to successfully negotiate the terms of this loan within these parameters.

6 0

3 years ago

Forner, Inc., manufactures and sells two products: Product Z1 and Product Z8. The company has an activity-based costing system w

Alona [7]

Answer:

$184.34

Explanation:

The computation of activity rate for the Order Size activity cost pool is shown below:-

The Activity rate for Order size = Estimated order size overhead cost ÷ Total machine hours

= 1,069,190 ÷ 5,800

= $184.34

Therefore for computing the activity rate for the Order Size activity cost pool we simply applied the above formula and ignore all other value.

7 0

3 years ago

An international children’s charity collects donations, which are used to buy clothing and toys for children in need. The charit

MatroZZZ [7]

Answer:

Required 1

General Journal

Cash $8,500 (debit)

Donations Revenue $8,500 (credit)

Cash and Checks received as Donation Revenue

Wages Expenses $3,000 (debit)

Cash $3,000 (credit)

Wages to employee paid

Note Payable $3,420 (debit)

Cash $3,420 (credit)

Repayment of Short Term Loan

Supplies $4,920 (debit)

Cash $2,080 (credit)

Note Payable $2,840 (credit)

Purchase of Toys on cash and on credit

Supplies $4,020 (debit)

Donations Revenue $4,020 (credit)

Donations revenue received in form of Toy Supplies

Required 2

Net Income is $9,520

Explanation:

Calculation of Charity’s preliminary net income.

Donations Revenue ($8,500 + $4,020) $12,520

Less Expenses :

Wages ($3,000)

Net Income/ (Loss) $9,520

7 0

3 years ago

a. The owner invested $18,000 cash in the company in exchange for its common stock. b. The company purchased supplies for $1,250

BlackZzzverrR [31]

Answer:

since there is not enough room here I used an excel spreadsheet

Explanation:

Download pdf

6 0

3 years ago