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3 years ago

Why should teenagers, in particular, look for no fee savings accounts?

1 answer:

4 0

It is best that when teenagers get an account, that they get one that has no fees because they have a limited amount of money coming in.

In general, teenagers don't earn a lot of money, any bank account that they get therefore, should be one that doesn't reduce this little amount of money that they get.

It is therefore best that teenagers try to find accounts that have little or reduced fees. To this end, some banks offer teenage savings accounts that:

Don't charge for ATM withdrawals
Don't charge for transactions on a debit card

In conclusion, teenagers should try to get accounts that do not have fees attached so as not to reduce the limited income they probably get.

<em>Find out more at brainly.com/question/11423959.</em>

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Following is information on two alternative investments being considered by Jolee Company. The company requires a 10% return fro

lutik1710 [3]

Answer:

A. NPV for A= $61,658.06

NPV for B = $25,006.15

B. 1.36

1.17

Project A

Explanation:

Net present value is the present value of after tax cash flows from an investment less the amount invested.

NPV can be calcuated using a financial calculator

for project A :

Cash flow in

Year 0 = $(172,325)

Year 1 41,000

Year 2 47,000

Year 3 85,295

Year 4 86,400

Year 5 56,000

I = 10%

NPV = $61,658.06

for project B

year 0 = $ (145,960)

Cash flow in

Year 1 27,000

Year 2 52,000

Year 3 50,000

Year 4 71,000

Year 5 28,000

I = 10%

NPV = $25,006.15

profitability index = 1 + NPV / Initial investment

for project A, PI = $61,658.06 / 172,325 = 1.36

For project B, PI = $25,006.15 / 145,960 = 1.17

The project with the greater NPV and PI should be chosen. this is project A.

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

3 0

3 years ago

Tara is shopping at a department store in the mall. before checking out she wants to make sure she brought enough money to pay f

finlep [7]

If Tara bought, sweater $ 52, T-shirt $19, Shoes $68, Jeans $72, Necklace $21, the total would be;
52+19+68+72+21 = 230
But a tax rate of 7% was included,
Thus, 230 × 0.07 = 16.1
Therefore, the total amount is 230+16.1 = 246.1
Hence, the Estimate amount of money that Tara expects to pay is $250

3 0

3 years ago

Rayya Co. purchases a machine for $105,000 on January 1, 2019. Straight-line depreciation is taken each year for four years assu

Elina [12.6K]

Answer:

Entry to record the partial year’s depreciation on July 1, 2023:

Debit Depreciation Expense $7,500

Credit Accumulated depreciation account $7,500

1) The machine is sold for $45,500 cash:

Debit Cash $45,500

Debit Accumulated depreciation account $67,500

Credit Gain on asset selling $8,000

Credit Machine asset $105,000

(2) The machine is sold for $25,000 cash

Debit Cash $25,000

Debit Accumulated depreciation account $67,500

Debit Loss on asset selling $12,500

Credit Machine asset $105,000

Explanation:

Rayya Co. uses straight-line depreciation method, Depreciation Expense each year is calculated by following formula:

Annual Depreciation Expense = (Cost of machine − Salvage Value )/Useful Life = ($105,000 - $0)/7 = $15,000

In 2023, the machine is used for 6 months (half year)

Depreciation Expense = $15,000/2 = $7,500

Entry to record the partial year’s depreciation on July 1, 2023:

Debit Depreciation Expense $7,500

Credit Accumulated depreciation account $7,500

On July 1, 2023, Accumulated depreciation = $15,000 x 4 + $7,500 = $67,500

Carrying amount of the machine = $105,000 - $67,500 = $37,500

(1) The machine is sold for $45,500 cash:

Sale price - Carrying amount of the machine = $45,500 - $37,500 = $8,000>0

=> The company recognizes gain on the sales $8,000

Debit Cash $45,500

Debit Accumulated depreciation account $67,500

Credit Gain on asset selling $8,000

Credit Machine asset $105,000

(2) The machine is sold for $25,000 cash

Sale price - Carrying amount of the machine = $25,000 - $37,500 = -$12,500<0

=> The company recognizes loss on the sales $12,500

The entry should be made:

Debit Cash $25,000

Debit Accumulated depreciation account $67,500

Debit Loss on asset selling $12,500

Credit Machine asset $105,000

3 0

3 years ago

A group that sponsors bike helmet poster contests for children to promote bicycle safety is providing which marketing offering

KengaRu [80]

Ideas is your answer

4 0

2 years ago

Researchers assess the value of a project by comparing the Blank______ of answering some of their questions and the Blank______

-BARSIC- [3]

It should be noted that Researchers assess the value of a project by comparing the benefits of answering some of their questions as well as the cost associated with conducting the research.

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

A project can be regarded as an undertaking which is been carried out collaboratively and entail research or design, that is carefully planned to achieve a goal.

It is necessary for a Researchers to assess the value of a project by comparing the benefits of answering some of their questions .

Learn more about a project at;

brainly.com/question/4771644

7 0

2 years ago