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2 years ago

1. What are the purposes of a checking account?

1 answer:

tatiyna2 years ago

6 0

<h3>Answer:</h3><h2>The main purpose of a checking acc is to store your money in a safe place until further use.✨</h2>

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The following is a free response question released by the College Board from a previous AP exam to be used as practice for futur

astraxan [27]

<u>Solution and Explanation:</u>

(a). Firm in perfect competition produces at minimum efficient scale, MEC where average cost AC is minimum. The price is determined by the market supply and demand.

(b) Note that q1 is at the minimum of AC while Q* is to the left of q1. Similarly, P1 is equal to MC while P* is higher than MC. This shows that firms in perfect competition produce more and charge less than the firms in monopolistically competitive market.

(c) All firms in monopolistically competitive market as well as perfectly competitive market earn zero economic profit in the long run. This is because there is a free entry and exit

(d) Demand is steeper for firms in monopolistically competitive market so that demand is elastic. Demand is horizontal for any quantity which means it is perfectly elastic for a firm in competitive market.

5 0

3 years ago

Opportunity costs refer to:

dybincka [34]

The correct answer is D. Trade-offs associated with financial decisions because the opportunity cost is what you give up in exchange for something else. For example: If you must choose between a hamburger or a hot dog, the one you do not choose is the opportunity cost.

6 0

3 years ago

Read 2 more answers

Which of the following represents the costs associated with safety stock as a cushion? A. Stock-out B. Quality C. Ordering D. Ca

pashok25 [27]

I would say its B quality because of the safety stock you would want good quality.

6 0

4 years ago

5. What is the real rate of interest for an account that offers a 12% nominal rate of return when the rate of inflation is 6% an

Gelneren [198K]

Answer:

Real interest rate= 0.06 = 6%

Explanation:

Giving the following information:

Nominal interest rate= 12%

Inflation rate= 6%

<u>The inflation rate provides the opposite effect on the interest rate. It decreases the purchasing power of an individual. </u>To calculate the real interest rate, we need to deduct the inflation rate.

Real interest rate= 0.12 - 0.06= 0.06

8 0

3 years ago

The income statement for Delta-tec Inc. for the year ended December 31, Year 2, was as follows:

postnew [5]

Answer and Explanation:

Retain earnings, year 2

= retained earnings year 1 + earning for year 2

= $825,000 + ($245,000 - $65,000)

= $825,000 + $180,000

= $1,005,000

Therefore, The December 31, Year 2, Retained Earnings balance is $1,005,000.

trading inverstments are classified under current assets. the closing balance of trading inverstments is:

trading inverstments purchased at cost in year 2 $346,000

trading inverstments sold at cost in year 2 $66,000

balance of trading inverstments at cost $280,000

The balance sheet is present like:

D-Tec Inc

balance sheet

particulars amount($)

current asstes

trading inverstments(at cost) 280,000

valuation allowance for trading inverstment (72,500)

trading inverstments(at fair value) 207,500

8 0

3 years ago

1. What are the purposes of a checking account? ​

1. What are the purposes of a checking account?