James has $1500 to open a checking account. He can maintain a monthly balance of at least $1000. He plans to use the ATM four times per month at his local branch. He does not overdraft his account and plans to use direct deposit. He also plans to pay his bills online and he averages 8 bills per month. Bank Account Terms and Conditions Bank Account terms and conditions. Bank A is best for James. James wants an account with the lowest fees. Which checking account would be best for James? Account A Account B Account C Account D
Answers
Answer: Account A
Explanation:
Account A would be best for James as it provides the most value for the things he would like to do.
ATM charges are free with this account so he can use the ATM four times in the month at no chargeHe would pay no monthly fees as he uses direct debitHe would pay an annual fee of $0And as online payments are free, he would not have to worry about getting charged for the 8 bills to process in the month.
Answer:
account a
Explanation:
Related Questions
Todd is the owner of TodVac, a producer of high performance commercial vacuum cleaners based in Texas. Todd knows that some companies use technology that has been proven over the years to efficiently create components very similar to the components in his vacuums. Unfortunately, Todd has never seen this technology and does not have a clue how it works. How should Todd go about learning how to improve his production with time-tested technology?
Answers
Answer:
The internet is good place to learn
Explanation:
From an economic perspective, Todd stands to spend less if he decides to carry out an extensive research on the internet.
Vacuum cleaners are more than ever before been refunished with modern technology.
With simply a tap of a button on Google, Todd can look the various technologies used by or companies that has been proven over the years to efficiently create components very similar to the components in his vacuums.
__________ is associated with a person who is crafty or understands right/wrong behavior but uses tricks to obtain an unfair advantage.
Answers
Answer:
Guile
Explanation:
Guile is associated with a person who is crafty or understands right/wrong behavior but uses tricks to obtain an unfair advantage.
For instance, you have an urgent appointment such as a meeting with a business partner but you chose to deceitfully distract him from the fact that you are already lagging behind schedule (time) by telling a joke or mind blowing story. This is typically an example of Guile.
When there is an economic downturn, Congress and the President use fiscal policyLOADING... to stabilize real GDP. But the conduct of the fiscal policy involves several time lags, such as the recognition time lag that causes a delay in identification of the economic problem, the action time lag that is caused by the delay in Congressional approval of the policy, and the effect time lag that arises because policy actions take time to exert their full effects on the economy. These time lags could actually cause discretionary fiscal policy to
Answers
Answer:
The correct approach will be "Destabilize real GDP". The further explanation is given below.
Explanation:
Destroy gross Domestic Product (GDP) because by the moment an intervention starts having its consequences.The population could already rebound as well as the economic development can drive up gross Domestic product faster than expected, constantly making GDP somewhat sustainable as either a result.In light of the facts that many organizations do not pay incentives and many employees discount or take for granted the value of benefits, base wages and salaries are often ____________________________ of the compensation system in the eyes of employees.
Answers
Answer:
In light of the facts that many organizations do not pay incentives and many employees discount or take for granted the value of benefits, base wages and salaries are often the focus of the compensation system in the eyes of employees.
Explanation:
The scenario talks about the base wages and salaries which is significant portion of their salary. If the company doesn't pay incentives then the employee thinks that it doesn't matter how motivated he works because he will be paid base salary or wage. Hence the motivation factor gets affected by the compensation factor and employee thinks the only focus of compensation is their base wage or salary.
XYZ assigns $6,000,000 of its accounts receivables as collateral for a $2 million 8% loan with a bank. Sun Inc. also pays a finance fee of 1% on the transaction upfront. What would be recorded as a gain (loss) on the transfer of receivables
Answers
Answer:
$0
Explanation:
Data provided in the question
Account receivable assigned = $6,000,000
For Collateral = $2 million
Percentage = 8%
Finance fee = 1%
Based on the above information, the amount of gain or loss that should be recorded at the time of transfer of receivable is zero as the account receivable is used for a collateral purpose ,not for sale purpose
Therefore, the $0 should be recorded
Harlose Suits faced a lot of complaints from customers when its recent batch of goods was dispatched. The employees at Harlose Suits, hence, had to rework on the returned items, and in some cases, the company had to even replace the faulty goods. In this case, the costs incurred by Harlose Suits are an example of _____.
Answers
Answer:
External failure costs.
Explanation:
These are explained to be the faults or defects a customer finds out or see after receiving his good and leaves the factory or finds out when goods or services has been delivered to him/her.
This can be either internal or external. When seen to be an internal aspect of the failure, costs result from identification of defects before they are shipped to customers. Some of these could include rejected products, reworking of defective units, scrap and also downtime caused by quality problem. It is said that a firms appraisal activities creates chances greater than the chance of catching defects internally and the greater the level of internal failure costs. This is the price that is paid to avoid incurring external failure costs, which can be devastating.
Answer: im trying to get points
1 2 3 4 5 6 7 8 9
n your own words define employment-at-will and explain whether or not you agree with this principle. Next, discuss your thoughts on workplace testing and its role in the hiring process. Do you feel this is a fair hiring practice? Why or why not?
Answers
Answer:
a) Employment-at-will is a form of employer-employee relationship which may be terminated by the employer at any time without due consultation with the employee as long as the reason for the termination is not against the law.
b) Work Place Testing: This refers to all the series of tests that an employer can and may administer to a job applicant in order to ascertain their suitability for the role and ensure that they are a culture fit.
Workplace Testing is a fair hiring practice. There is no use hiring an employee only to discover few months later that they cannot do the job as they asserted on their resume. This can be very detrimental to the business as it can leave the business very vulnerable.
e If a candidate is turned down after testing, it doesn't mean they are not capable of being productive at all. It only means that they don't match the person specification for the current job under consideration.
Cheers!
A________ is a plan in which an individual balances available resources and expenses.
Answers
Answer:
Budget
Explanation:
You're sorting out your investments and spending habits. Often sorting out all of your needs to fit in a well balanced budget
A company has bonds outstanding with a par value of $100,000. The unamortized discount on these bonds is $4,500. The company retired these bonds by buying them on the open market at 97. What is the gain or loss on this retirement
Answers
Answer:
$1,500 loss
Explanation:
Calculation for the gain or loss on this retirement
First step is to find the 97% of the bond outstanding $100,000
Par value of bond=97%*$100,000
Par value of bond=$3,000
Second step is to calculate for the gain or loss on the retirement using this formula
Carrying value of bond=Par value of bond-Unamortized discount on bond
Let plug in the formula
Carrying value of bond=$3,000-$4,500
Carrying value of bond= -$1,500
Therefore the loss on this retirement will be $1,500
Sectoral shifts, frictional unemployment, and job searches Suppose the world price of steel falls substantially. The demand for labor among steel-producing firms in Pennsylvania will _____. The demand for labor among automobile-producing firms in Michigan, for which steel is an input, will _____. The temporary unemployment resulting from such sectoral shifts in the economy is best described as _____ unemployment.
Suppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve this goal? Check all that apply.
a. Taxing the price of placing a resume or posting a job opening on a job-search website
b. Improving a widely used job-search website so that it matches workers to job vacancies more effectively
c. Increasing the benefits offered to unemployed workers through the government's unemployment insurance program
Answers
Answer:
fall
rise
frictional
b. Improving a widely used job-search website so that it matches workers to job vacancies more effectively
Explanation:
A fall in the price of steel would reduce the profitability of producing steel for steel producing companies. Hence, the supply of steel would fall. as a result, less labour would be needed, so the demand for labour would fall.
A fall in the price of steel would reduce the cost of producing cars and thus increase the production of cars. as a result, more labour would be employed to make cars.
Frictional unemployment is when labour is unemployed between the time he leaves his current employment and time he finds another. by improving on the job search website, workers would be matched faster with available jobs, this frictional unemployment would decrease.
Pure competition is important to economists because it is __________________ . Pure competition is important to economists because it is __________________ . the lowest cost to the buyer the benchmark of efficiency to compare all other models against both a. and b. none of the above
Answers
Answer:
a and b
Explanation:
A perfect or pure competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
Due to maximum competition in a pure competition, it is the lowest cost to the buyer.
Pure competition is efficient because, goods are priced at equilibrum
The Great Depression was caused by all of the following factors except Group of answer choices American industries and banks were not involved in the European economy some of the major banks did not have enough reserves to withstand an economic downturn prosperity was dependent on a few basic industries too few Americans were able to purchase goods produced by American industries there was an overwhelming maldistribution of wealth
Answers
Answer:
Correct answer:
1. American industries and banks were not involved in the European economy
Explanation:
The Great Depression is one of the worst period in the history of America where Americans where hit with severe economic crises. It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors.
Over the next several years, consumer spending and investment dropped, causing steep declines in industrial output and employment as failing companies laid off workers.
A U.S. company that manufactures home appliances is interested in entering the Chinese market. The company has many national appliance competitors in China, all of which have a better understanding of the unique needs of Chinese customers. Based on these facts, the U.S. company should consider which strategy for entering the Chinese market
Answers
Answer: Global strategic alliance
Explanation:
A global strategic alliance is an arrangement that takes place between two companies when they both go into a project that is mutually beneficial even though the independence of each company is still retained.
Based on these facts that have been given in the question, the U.S. company should consider using this strategy for entering the Chinese market.
Financial statement data for the year ending December 31 for Navajo Company follow: Sales $2,550,000 Net income 1,258,000 Fixed assets (net): Beginning of year 800,000 End of year 985,000 The fixed asset turnover ratio for Navajo Company on December 31 would be 2.9. 2.6. 1.4. None of these choices are correct.
Answers
Answer:
Fixed Asset Turnover Ratio=2.9 Times
Explanation:
Calculation for the fixed asset turnover ratio for Navajo Company on December 31
The first step is to find the Average fixed asset
Using this formula
Average fixed assets=Beginning of year fixed assets + End of year Fixed assets/2
Let plug in the formula
Average Fixed assets =800,000+985,000/2
Average Fixed assets =$1,785,000/2
Average Fixed assets=$892,500
The next step is to calculate for the Fixed asset turnover ratio
Using this formula
Fixed asset turnover ratio=Sales/Average
Let plug in the formula
Fixed Asset Turnover Ratio=$2,550,000/$892,500
Fixed Asset Turnover Ratio=2.9 Times
Therefore fixed asset turnover ratio for Navajo Company on December 31 will be 2.9 Times
Jamie was participating in a market research study regarding computers when he was presented with 24 different computers that varied on four criteria. He was asked to rank all 24 descriptions in terms of his preference for those combinations of features. Which approach to assess the relative importance Jamie places on evaluative criteria was this research using?
Answers
Answer:
conjoint analysis
Explanation:
In the market research study being described, they were using conjoint analysis. This is a statistical technique that helps determine how potential customers value different attributes such as a specific feature, function, or benefit that makes up an individual product or service. In this particular scenario, Jamie was asked to rank the different computers based on each ones unique/different criteria or features.
Incident action planning and strategic communication planning
A. should be contracted to incident action planning specialists during emergency responses.
B. are both managed by the planning section chief.
C. have no relationship.
D. are related because the first step to each is understanding the situation.
Answers
Answer:
D. are related because the first step to each is understanding the situation.
Explanation:
An incident action plan is a course of panning, which aims to resolve all identified phases of incident control within a time limit. it begins foundationally with an understanding of the the situation and objectives built to solve the problems that situation imposes.
Strategic communication planning is the alignment of an organization's core objectives with its communication function. The aim is to drive plans and tactics that would prompt the performance of an organization. It is however pertinent to understand the situation like identifying whom should be communicated to, determining the reasons for the communication etc , which is the first step.
A public radio station with a June 30 year end collects $100,000 in annual membership dues every January 1. Paying membership dues provides few direct benefits, which are not restricted to members. On January 1, the radio station should record the $100,000 as ______.
Answers
Answer:
Deferred Revenue
Explanation:
The public radio station has a year ending of June 30 and collects these dues on an annual basis therefore the dues received in January 1 are not yet earned. Under accrual accounting, and applying the revenue recognition principle, revenue which is received in this way has not yet been earned since these dues are collected/recorded annually but are billed before(january 1)the year end,and therefore are charged as liability until they are earned at year end then they are converted to revenue
Iggie took a university teaching job as an assistant professor in 1980 at a salary of $15,000. By 2011, she had been promoted to full professor, with a salary of $70,000. If the price index was 82 in 1980 and 225 in 2011, then what is Iggie's 2011 salary in 1980 dollars
Answers
Answer:
$25,511.11
Explanation:
Iggie's salary in 1980 dollars = (salary / 2011 price index) x 1980 price index = ($70,000 / 225) x 82 = $25,511.11
The price index shows us how much the value of money has changed over time. In this case, $82 in 1980 could purchase X goods. In 2011, you would need $225 in order to be able to purchase the same amount of X goods.
The Smiths are saving money for a down payment on a house. The Smiths have $25,000 in cash, and they estimate that in 5 years they will have approximately $31,000 if they deposit their cash in a savings account that compounds interest yearly. To calculate the $31,000 amount, the Smiths determined
Answers
Options :
A)net present value of the $25,000.
B)future value of the $25,000.
C)internal rate of the return on the $25,000.
D)present value of $25,000.
Answer: B)future value of the $25,000.
Explanation: The Smith's calculation and subsequent result which yielded $31,000 refers to the future value of $25,000. The initial $25000 is the present value of the amount held. If the initial amount is saved or deposited over a certain number of years in an account which yields a certain rate of interest per annum and is compounded either on a monthly, yearly, quarterly or semiannual basis as the case may be, in this scenario above, the interest is called mounded annually. This initial amount will grow and yield an amount which is greater than the present deposit. This is called the future value of the initial deposit.
Attestation standards apply when a CPA is engaged to issue a practitioner’s report on A preparation service. The subject matter of a compilation. An examination after performing agreed-upon procedures. A review of an assertion about subject matter that is the responsibility of another party.
Answers
Answer:
A review of an assertion about the subject matter that is the responsibility of another party
Explanation:
An attest engagement is defined as the independent review of a subject matter by a professional other than the auditor by conducting a specific procedure and he is expected to issue a report of his findings on the reliability of the subject matter.
The three stages of attestation services are compilation ,review and audit.
Attestation engagement is governed by the Statements on standard for attestation engagement (SSAE)
You've just won the lottery! Your winnings will be paid as a monthly annuity of $1,000 per month for 50 years. Assume an interest rate of 10 percent compounded monthly. (Do not round intermediate calculations. Round your final answer two decimal places.) What is the present value of your winnings if the first payment starts today
Answers
Answer:
$119,220.57
Explanation:
in order to calculate the present value of your lottery winnings, we can use the present value annuity factor:
present value = monthly payment x annuity factor (PV annuity factor, ¹⁰/₁₂%, 600 periods)
monthly payment = $1,000annuity factor = 119.22057present value = $1,000 x 119.22057 = $119,220.57
In trying to understand the evacuation of the World Trade Center when it was first bombed in 1993, B. E. Aguirre, Dennis Wenger, and Gabriela Vigo argue that the more "the search for meaning in the milling process focuses upon defining the situation as serious, the quicker should be the mobilization of people and the initiation of collective behavior." What type of theory are they using to make this prediction?
Answers
Answer: Emergent norm theory
Explanation: The emergent norm theory could be explained as the energy, discipline and panache which surrounds a particular situation. When there is a situation at hand, the extent at which the issue or situation is managed hinges on the social interaction or atmosphere within the crowd or pool of participants. It defines the importance, seriousness and norm exhibited by members who make up the pool or crowd. The crowd behavior reverberates around individual members and as such influences their behavior by adopting or following the trend due to the nature of the circumstance at ahead which has given rise to a change in the individual attribute or character of the people.
Two twelve-year-old boys were seriously injured when riding on a go-kart. The boys were riding on public streets, ran a stop sign, and were hit by a car that did not see them. The go-kart had clear warning labels on the sides stating that it was only for off-road use only. The manual stated the go-kart not to be used on public streets. The parents sued the go-kart manufacturer. One basic issue in this case would be:
Answers
Answer:
Disobedience of the law or it may be ignorance
Explanation:
It may be that the kids didnt see the sign or it might be ignorance
Michael is the owner of a restaurant in downtown Buffalo and recently signed a long-term lease with the building's owner. Since Michael will be staying in his current location for the long-term, he decides to install new commercial ovens and dishwashers. These installations are examples of what...? Trade Fixtures Interim Fixtures Installations Real Property
Answers
Answer:
The answer is trade fixtures
Explanation:
Trade fixtures are a tenant's installments which become a part of the land during the leasing contract period but they are not belong to the landlord thereafter. The tenant reserves the right to remove the the installments at the end of the contract term.
Answer:
A. Trade Fixtures
Explanation:
Trade Fixtures are the pieces of property installed by a business tenant in a leased building to help him run his business. The pieces of equipment could be equipment or installations that are useful in the running of the business. The tenant or business owner should ensure that whatever equipment he installs in the property can be easily detached because failure to do so would make the fixture become the landlord's own.
Examples of trade fixtures could be counters installed in the building, or even show glasses constructed to showcase goods. He should ensure that these properties can be moved when he eventually leaves the building.
The Mars acquisition of the Wrigley assets was part of its related constrained diversification and added market share to the
Answers
Answer:
Mars Wrigley Integrated Firm
Explanation:
This acquisition provided the extended reach to the company, as with this merger of both the companies, there are certain assured benefits:
1) Increase in sales value by selling at a price higher than the prevailing price in the market, or
2) Decreasing the cost of product manufacturing as prevailing in the industry for that product.
This joint would automatically gain the major share in the market as with increase in profits and diversification in providing goods, expands the company in all respects.
Tapestry Corporation will spend $1 million for special production equipment. Shipping and installation charges will amount to $175,000 and an initial increase in net working capital of $50,000 will be required. The equipment will replace an existing machine that has a salvage value of $85,000 and a book value of $100,000. Executives expect revenue to increase by $200,000 per year with no increase in operating expenses. If Tapestry has a corporate tax rate of 21%, what is the amount of the initial outlay for this project?
Answers
Answer:
($1,136,850)
Explanation:
The computation of the initial outlay is shown below:
Purchase price (-1,000,000 - $175,000) (1,175,000) (A)
machine proceeds
{$85,000 + ($100,000 - $85,000) × 0.21} $88,150 (B)
Net working capital ($50,000) (C)
Initial outlay ($1,136,850) (A - B + C)
Hence, the initial outlay is ($1,136,850)
We basically applied the above calculation to arrive at the answer
11.Which of the following is not one of the problems and risks ofstrategic alliances between domestic and foreign firms? A. Overcoming language and cultural barriers B. The amount of time required to build trust, effective communication, and coordination between allies C. Developing mutually agreeable ways of dealing with key issues or differences D. Making it harder to pursue a multidomestic strategy as compared to a global strategy E. Suspicions about whether allies are being forthright in exchanging information and expertise.
Answers
Answer:
A. Overcoming language and cultural barriers.
Explanation:
When a company operates in markets of two or more countries strategic issues can arise and which leads to weaker management, fear of market insulation, and less efficient communication and poor allocation of resources. The overcoming of time language and cultural barrier is not an issue or risk of strategic alliances.Ashley bought a desktop computer and a laptop computer. Before finance charges, the laptop cost $350 more than the desktop. She paid for the computers using two different financing plans. For the desktop the interest rate was 7% per year, and for the laptop it was 6% per year. The total finance charges for one year were $398. How much did each computer cost before finance charges
Answers
Answer:
Laptop = $3250
Desktop = $2900
Explanation:
Total finance charge = $398
Laptop cost = 350 + x
Desktop = X
Workings
Finance cost = (7% *X ) + (6% * 350+x ) = 398
0,07 X + 0.06 X + 21 = 398
0.13 X + 21 = 398
0.13 X = 398 -21
0.13 X = 377
Therefore ,X = 377/0.13
=2900
Cost of Desktop = 2900
Cost of Laptop =2900+350 =3,250
In an open-market operation, the Fed buys $10 million of government bonds from individual investors. If the required reserve ratio is 10 percent, the largest possible increase in the money supply that could result is $________ million, and the smallest possible increase is $_________ million.
Answers
Answer:
$100 million ; $10 million
Explanation:
Required reserve ratio (r) = 10%
Worth of bond = $10,000,000
The smallest increase can be thought of as being the $10million generated from open market operation and could be held by the bank as reserve.
To calculate the largest increase in deposit:
Money multiplier * deposit (worth of bond)
Money multiplier = (1 / reserve ratio)
Money multiplier = (1 / 0.1) = 10
Increase in deposit = 10 * $10,000,000 = $100,000,000 ( $100 million)
"A client surrenders a variable annuity contract 5 years after purchase because of poor performance. The customer invested $50,000 and redeemed it when the NAV was $40,000, however the customer only received $37,000 because a $3,000 surrender fee was imposed. The tax consequence is:"
Answers
Answer: D. $10,000 deductible ordinary loss and $3,000 non-deductible loss
Explanation:
Should a person surrender a variable annuity early, their cost basis will be the amount they invested to get the annuity and the redemption amount will be considered as sales proceeds. If the sales proceeds are less than the cost basis, this is a loss and will be treated as a deductible ordinary loss.
The surrender fee will not however be treated as an deductible loss meaning that in this case $3,000 would be a non-deductible loss and $10,000 would be a deductible ordinary loss.
