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2 years ago

What trophy is earned for transferring $500 into your savings account?

Business

1 answer:

Dmitry [639]2 years ago

8 0

The trophy that is earned for transferring this money to your savings account is emergency fund.

<h3>What is emergency fund?</h3>

This is a term that is used to refer to the fact that a person has financial safety net somewhere.

That is they have money that they can refer to at anytime especially if they are in dire need of money due to a situation.

Read more on emergency funds here:brainly.com/question/13420184

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When is it not necessary to build a new market supply schedule?

AVprozaik [17]

The question is asking to states when is it not necessary to build a new market supply schedule and base on my research and further understanding, I would say that the answer would be when there's no demand or when there's a huge surplus. I hope you are satisfied with my answer and feel free to ask for more

7 0

3 years ago

Why was Megatrends important? A. It changed the way people studied the economy. B. It made Americans realize how far behind they

Romashka [77]

The answer is (D.) It started people thinking about how technology and information would shape the future.
Megatrends are likely used in strategic work for some companies and organizations. These are the great forces in social development that will affect some areas in the nearby futures like in state, civil society, and market. In short, these are the knowledge about the probable future.

8 0

3 years ago

The Easy Pack Company includes one coupon having no expiration date with its deluxe snack pack. Upon return of 10 coupons, Easy

Alinara [238K]

Answer:

premium liability (coupon oustanding) $ 1,500

Explanation:

We will recognize a liablity based on expected coupon redemption of 10%:

Sold 1,000,000 deluxe snack = 1,000,000 coupon

from this we expect 10% will be redeem: 1,000,000 x 10% = 100,000

Then, calculate the cost that this coupon will generate:

Thre will be 100,000 redeem coupons which, every 10 is traded for a 1.50 silver chip clip:

100,000 / 10 x $ 1.50 = $ 15,000

For the sales of we have a premium liablity of 15,000

premium expense 15,000

premium liaiblity 15,000

<u>We also purchase this silver chip clip:</u>

Premium Inventory 15,000

Cash 15,000

During the year, we adjust for the chips clips distributed:

9,000 x $ 1.50 = 13,500

This decreases both, the liablity and the premium inventory.

Premium Liability 13,500 debit

Premium Inventory 13,500 credit

Adjusted year-end balance:

15,000 - 13,500 = 1,500

3 0

2 years ago

Jose wants to cash in his winning lottery ticket. He can either receive five $5,000 annual payments starting today, or he can re

ExtremeBDS [4]

Answer:

The lump sum payment = $23,585.49

Explanation:

The winning lottery is an example of an advanced annuity. <em>An advanced annuity is a series of cash flows that occurs for a certain number of years with the first cash flow occurring now.</em>

The first cash flow is represents one out of the five, so the balance is a four-year annuity.

So we can work out the present value of the annuity for the last four years as follows:

PV = (1 - (1+r)^(-n)/r ) × Annual cash flow

r = 3%=0.03, n = 4, Annual cash flow = 5000

PV = (1- ((1+0.03)^(-4))/0.03) × 5,000

= 3.7170 × 5,000

=$ 18,585.49

The lump sum payment = PV of the first payment + PV of the four year annuity

The lump sum payment = $5000 + $ 18,585.49

= $23,585.49

7 0

3 years ago

Explain how the Federal Reserve Board can increase or decrease the money supply using each of the following tools: reserve requi

Alex17521 [72]

Answer:

Reserve requirements – Reserve requirement increases to decrease the money supply or vice versa.

Open-market activities – the Fed sell the securities to reduce money supply or purchase it to increase the money supply.

Discount rates – Decrease the discount rate to increase the money supply or vice versa.

Explanation:

The Federal Reserve increases or decreases the money supply by using various tools. So in the case of the reserve requirement, the bank increases the percentage of reserve requirement if the Fed wants to decrease the money supply and to increase the money supply it reduces the reserve requirements. In the case of open market operations, the Fed sells securities and bonds in the market in order to reduce the supply of money or to decrease the supply of money it buys the securities from the market.

In the case of a discount rate, the Fed reduces the discount rate to increase the money supply because reducing the discount rate will induce the banks to give more loans. But to decrease the money supply, the Fed increases the discount rate because an increase in the discount rate reduces the ability of banks to give loans.

6 0

2 years ago