Answer:
C. Savings accounts have low interest rates.
'Savings accounts have low interest rates,' is not an advantage of a savings account.
What is a savings account?A savings account is a deposit account that lets you deposit money safely with a bank. It also ensures safety and access to your money whenever you need. You can withdraw your money, either digitally or in person, at any point in time, from your savings account.
In savings accounts, interest can be compounded, either by daily, monthly, or quarterly means and you can earn interest based on that. In exchange for the ease and liquidity that savings accounts offer, one earns a lower rate than that paid by more restrictive savings instruments and investments.
Why does a savings account offer low interest rates?When rates on loans are low, banks like to keep savings account rates even lower so that they can continue making money on them. Another reason of low interest rates is that, the RBI has slashed the repo rate from 6.25% to 6% on cues of low inflation.
Thus, this has enabled banks to get funds from RBI at lower interest rates. So this leads to the reduction of the interest rates on savings accounts and fixed deposits for its customers.
Hence, option C is correct.
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As a bank loan officer, you are considering a loan application by Endurance Sporting Goods. The company has provided you with the following information:
Cash $ 25,000
Account Receivable $45,000
Inventory $140,000
Fixed Assets $190,000
Current Liabilities $70,000
Long-Term Liabilities $90,000
Endurance Sporting Goods’ debt to owners' equity ratio (rounded to the nearest tenth of a percent) is
Endurance Sporting Goods’ debt to owners' equity ratio is 66.7%.
First step is to calculate the Owner's Equity
Owner's Equity=Total Assets - Total Liabilities
Where:
Total Assets =$25,000 + $45,000 + $140,000 + $190,000
Total Assets = $400,000
Total Liabilities =$70,000 + $90,000
Total Liabilities=$160,000
Let plug in the formula
Owner's Equity=$400,000-$160,000
Owner's Equity=$240,000
Second step is to calculate debt to owners equity ratio using this formula
Debt to owners equity ratio= Debt (total Liabilities)/Owner's Equity
Let plug in the formula
Debt to owners equity ratio = $160,000/$240,000
Debt to owners equity ratio = 0.667×100
Debt to owners equity ratio= 66.7%
Inconclusion Endurance Sporting Goods’ debt to owners' equity ratio is 66.7%.
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As a high school student, which of the three error types would you be most concerned about? Why?
The three error types i would be most concerned about is wrong address, misspelled name and wrong name because they could lead to lower credit scores
The error in this context related to credit report errors which can happen while been a high school student.
Credit report refers to the organized record database of borrower's credit history from different sources.Based on statistics, the student responded that the error they are most concerned about includes:
Wrong AddressMisspelled NameWrong Name.Hence, the three error types i would be most concerned about is wrong address, misspelled name and wrong name because they could lead to lower credit scores.
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Which of the following is an example of a consumer service?
• brickmaker
• refrigerator repair
automobile manufacturer
laptop builder
Answer:
refrigerator repair
Explanation:
a successful advertised campaign affects
A:supply of the advertised good
B:quantity supplied of the advertised good
C:demand for the advertised good
D:quantity demanded of the advertised good
Answer:
B the responsiveness of quantity demanded of a good due to a change in its price.
Explanation:
B ...
Temporary Aid to Needy Families (TANF) a. A welfare program that replaced AFDC in 1996. It introduced a new education requirement that was designed to push welfare recipients into special college and GED programs. b. A welfare program that replaced Social Security in 1965. It introduced a work requirement that was designed to push welfare recipients into the low wage labor market. c. None of the other answers. d. A welfare program that replaced AFDC in 1996. It eliminated the New Deal era work requirement that many people believed was designed to effectively re-enslave African Americans. e. A welfare program that replaced AFDC in 1965. It introduced a work requirement that was designed to push welfare recipients into the low wage workforce.
Explanation:
D: A welfare program that replaced AFDC in 1996. It eliminated the New Deal era work requirement that many people believed was designed to effectively re-enslave African Americans
Alpha and Beta Companies can borrow for a five-year term at the following rates: Alpha Beta Moody’s credit rating Aa Baa Fixed-rate borrowing cost 10.5% 12.0% Floating-rate borrowing cost LIBOR LIBOR + 1% This time assuming more realistically that a swap bank is involved as an intermediary. Assume the swap bank is quoting five-year dollar interest rate swaps at 10.7% - 10.8% against LIBOR flat. Consequently, Alpha will issue fixed-rate debt at 10.5% and Beta will issue floating rate-debt at LIBOR + 1%. Alpha will receive 10.7% from the swap bank and pay it LIBOR. Beta will pay 10.8% to the swap bank and receive from it LIBOR. If this is done, Alpha’s floating-rate all-in-cost is: 10.5% + LIBOR - 10.7% = LIBOR - .20%, a .20% savings over issuing floating-rate debt on its own. Beta’s fixed-rate all-in-cost is: LIBOR+ 1% + 10.8% - LIBOR = 11.8%, a .20% savings over issuing fixed-rate debt. Is that analysis correct?
Based on the information given about the LIBOR, it can be deduced that the analysis is correct. Therefore, it's true.
From the information given, the quality spread differential will be calculated thus:
= Differential fixed rate debt - Differential floating rate debt
= (12.0% - 10.5% - 1%)
= 0.5%
In this case, a positive quality spread differential implies that the swap is in favor of both parties.
In conclusion, the analysis that's given is correct.
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A group of 10 golfing buddies have the following annual incomes: $32,000, $12,000, $56,000, $120,000, $10,000, $38,000, $70,000, $16,000, $20,000, $24,000. The share of income received by the lowest quintile of this income distribution is
The lowest quintile received $22,000.
Data and Calculations:
The number of golfing buddies = 10
A. = $10,000
B. = $12,000
C. = $16,000
D. = $20,000
E. = $24,000
F. = $32,000
G. = $38,000
H. = $56,000
I. = $70,000
J. = $120,000
Total - $398,000
The lowest, first, or bottom quintile is between 0 to 20%.
Thus, the lowest quintile received $22,000 ($10,000 + $12,000) from the income distribution.
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give two examples of graphs and two examples of charts.
Answer:
A Bar Chart. A PIE CHART. LINE CHART. Area Chart. Dot Plot. A Pictogram. Radar Chart.Explanation:
Answer:
Types of Graphs and Charts
Bar Chart/Graph.Pie Chart.Line Graph or Chart.Histogram Chart.Area Chart.Dot Graph or Plot.Scatter Plot.Bubble Chart.The language used in texting is acceptable in business writing. True or false
Answer: The answer is generally false.
Once an online catalog is in place, there are high costs in maintaining and accessing it.
True
False
Answer:
False, once an online catalog is in place, there is little cost in maintaining it
The airline business is a very capital intensive business, what do you think it consists of ?
please sort in order the top three are based or further researched information and describe.
Internet domain names are linked to trademark issues. Technology makes it easy to copy and distribute music and movies without paying royalties. Business conducted on the internet raise security and privacy issues. What legal concerns are raised by these issues
Considering the situation described above, the legal concerns raised by these issues are "Piracy."
What is Piracy?Piracy is a term used to describe the unauthorized use or reproduction of another person's work.
Given that the issues above were centered on trademark, royalties, and privacy issues relating to works on the internet, this is an example of Piracy issues.
Hence, in this case, it is concluded that the correct answer is "Piracy."
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A lessor enters a sales-type lease with an unguaranteed residual. The lessor will record:____.
a. A credit to sales revenue for the fair value of the asset less the gross amount of the unguaranteed residual value.
b. A debit to lease receivable for the gross amount less the present value of the unguaranteed residual value.
c. A credit to sales revenue for the fair value of the asset.
d. A credit to sales revenue for the fair value of the asset less the present value of the unguaranteed residual value.
Answer:
b
Explanation:
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What should I make handmade for a Christmas gift
Answer:
it really depends on the person what is that person into like maybe draw one of theree favroite things paint them something thats all i can think of for homemade
Explanation:
Miguel won $600 at Lucky Casino and $1,450 at Riverboat Casino. His losses for the year at Lucky Casino were $800, and his losses at Riverboat Casino were $1,000. He also spent $200 for lottery tickets without winning anything. How much can he deduct for gambling losses on Schedule A, Itemized Deductions
Based on Miguel's activities in the casinos, the amount that can be deducted is $2,000.
Gambling tax laws are such that one can set off their gambling losses against their wins. This means that one can deduct the lower amount between their winnings and their losses for the year.
Miguel's winnings:
= 600 + 1,450
= $2,050
Miguel's losses:
= 800 + 1,000 + 200
= $2,000
The amount he can deduct is therefore $2,000.
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10 roles of insurance in a business
Considering the benefits and importance of insurance, the ten roles of insurance in a business include "security and safety."
The other roles of insurance in a business are:Mitigation of riskProvision of insurance service by the insurance company Protection from unexpected lossesEase of getting loansProvision of social cooperationIt enhances saving habitsIt aids some contracts that require it.There are tax benefits.Promotion of trades and industry, etc.Hence, in this case, it is concluded that insurance plays various roles in business.
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Nexis Corp. issues 1,000 shares of $15 par value common stock at $25 per share. When the transaction is recorded, credits are made to: Group of answer choices Common Stock $15,000 and Paid-in Capital in Excess of Par Value $10,000. Common Stock $25,000 and Retained Earnings $15,000. Common Stock $15,000 and Paid-in Capital in Excess of Stated Value $10,000. Common Stock $25,000.
Based on the information given the transaction that is recorded are: credits are made to: Common Stock, $15,000, and Paid-In Capital in Excess of Par, $10,000.
Nexis Corp. Journal entry
Debit Cash $25,000
($25×1,000 shares)
Credit Common Stock, $15,000
($15×1,000 shares)
Credit Paid-In Capital in Excess of Par, $10,000
[($25-$15)× 1,000 shares]
(To record common stock)
Inconclusion the transaction that is recorded are: credits are made to: Common Stock, $15,000, and Paid-In Capital in Excess of Par, $10,000.
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Kennedy, Inc. reported the following data: Net income $128,451 Depreciation expense 12,655 Loss on disposal of equipment (8,582) Gain on sale of building 20,190 Increase in accounts receivable 9,009 Decrease in accounts payable (3,174) Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. Use the minus sign to indicate cash outflows, a decrease in cash, cash payments, or any negative adjustments. Kennedy, Inc. Statement of Cash Flow Cash flows from operating activities: $- Select - Adjustments to reconcile net income to net cash flow from operating activities: - Select - - Select - - Select - Changes in current operating assets and liabilities: - Select - - Select - Net cash flow from operating activitiesomPrepare the cash flows from operating activities section of the statement of cash flows using the indirect method. Refer to the list of Amount Descriptions for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required.
Statement of Cash Flows (partial)
1 Cash flows from operating activities:
2
3 Adjustments to reconcile net income to net cash flow from operating activities:
4
5
6
7 Changes in current operating assets and liabilities:
8
9
10
Answer:
god help you
Explanation:
to long question, sumerize it Please
Unlike perfectly competitive markets, health insurance and health care markets are characterized by asymmetric information in many forms. To see the consequences, consider the following scenario: The population is evenly divided between 2 types of people: healthy people and unhealthy people. Healthy people have expected health care costs of $1000 per year. Unhealthy people have expected health care costs of $5000 per year. Unhealthy people can become healthy by working out, eating healthier, and taking preventive care. Assume that the cost of becoming healthy in terms of time and effort is $2000 per year. These people live in a city with one employer who will hire anyone who is willing to work. This employer provides complete health care to all its employees; all health care costs are covered by the insurance.
1. Do the unhealthy employees have an incentive to become healthy?
a. Yes.
b. No.
c. Not enough information.
2. What would the new actuarially fair cost of insurance be at the original firm?
3. What is the actuarial fair cost of insurance for all the workers?
1. No, unhealthy employees do not have an incentive to become healthy.
2. The new actuarially fair cost of insurance would be $5000 at the original firm.
3. The actuarial fair cost of insurance for all the workers would be $3000
1.No, unhealthy employees do not have an incentive to become healthy. This is due to the fact that the only employer in the city is giving jobs to everyone regardless of their health status. Besides, their health care cost is covered and managed by the employer by the insurance. Therefore, unhealthy employees do not have an incentive to become healthy.
2.The new actuarially fair cost of insurance can be determined by taking the probability of healthy employees and unhealthy employees with their health costs.
However, provided that all healthy people worked for the new employee, it implies that the original firm comprise of only the unhealthy workers and the new actuarially fair cost of insurance can be computed as follows:
∴
Actuarial Fair cost of insurance = Probability ( Healthy employee × cost of health) + Probability (unhealthy employee × cost of health)
Actuarial Fair cost of insurance = (0 × $1000) + (1 × $5000)
Actuarial Fair cost of insurance = $5000
Therefore, the new actuarially fair cost of insurance would be $5000 at the original firm.
3.The actuarial fair cost of insurance for all the workers refers to the total sum of required payoffs for both the healthy employees and unhealthy employees
Actuarial Fair cost of insurance = Probability ( Healthy employee × cost of health) + Probability (unhealthy employee × cost of health)
Actuarial Fair cost of insurance = [tex]\mathbf{(\dfrac{1}{2} \times \$1000) + (\dfrac{1}{2} \times \$5000)}[/tex]
Actuarial Fair cost of insurance = $500 + $2500
Actuarial Fair cost of insurance = $3000
Therefore, the actuarial fair cost of insurance for all the workers would be $3000
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A remotely located air sampling station can be powered by solar cells or by running an electric line to the site and using conventional power. Solar cells will cost $15,000 to install and will have a useful life of 4 years with no salvage value. Annual costs for inspection, cleaning, etc. are expected to be $1,500. A new power line will cost $13,000 to install, with power costs expected to be $1,200 per year. Since the air sampling project will end in 4 years, the salvage value of the line is considered to be zero. At an interest rate of 14% per year, which alternative should be selected on the basis of a future worth analysis?
Answer:
Since the total future worth of running an electric line of $19,353.42 is less than the total future worth of solar cells is $24,132.22, it will be cheaper to run an electric line than to use solar cells. So running an electric line should be the answer.
What is polycentricity?
O A. Independent elements that are separate by bound to each other
O B. Independent elements that are separate
OC. Independent elements that are only nominally separate
O D. The consolidation of independent elements
Answer:
Definition of polycentric
: having more than one center (as of development or control): such as. a : having several centromeres polycentric chromosomes.
Explanation:
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Provide some examples of the application of the following from a to f in the hospitality or travel businesses.
a. Volume discounts.
b. Discounts based on time of purchase.
c. Psychological pricing.
d. initiating price increases.
e. buyer reactions to price changes.
f. competitor reactions to price changes.
Answer:
weight of discount
disfount on festival offer
Freer trade, advances in information technology, and more global customers are pressuring many large global companies to:
Firms are often involve in different kinds of trade. Freer trade, advances in information technology, and more global customers are pressuring many large global companies to shift from functional structures to geographically based divisionalized structures.
There are great advances in information technology (IT). Firms often get benefits of free trade in IT as they are able to expand their business into other different new areas with less effective charges.
FTA is known to be very good to optimal sharing of resources in the region as it helps to boast the efficiency of economic activities and also increase the stock of a country's technology.
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