Business, 20.10.2019 12:00 anna8352

Week 5 quiz - saving (15pts) 1. if the interest rate on a savings account is 0.01%, approximately how much money do you need to keep in this account for 1 year to earn enough interest to cover a single .$9.99 below-minimum-balance fee? a.$100,000 b.$100 c.$10,000 d.$1,000 2. the three main types of banks (traditional, credit union, online or online-only) have many tradeoffs with respect to technology, convenience, personal experience, fees and savings rates. for this question, put aside all of the trade-offs and look only at savings rate offered on savings accounts. rank the following from highest to lowest on the interest rates they offer to consumers on savings accounts. a. traditional bank, credit union, online bank b. credit union, online bank, traditional bank c. credit union, traditional bank, online bank d. online bank, credit union, traditional bank 3. for most people, the most effective way to save is: a. transfer money from a checking account into a saving account b. use a budget to determine how much you can save, then transfer that amount into a savings account c. use a budget to determine how much you can save, then automate the savings by direct depositing that amount from each paycheck d. deposit extra money into a saving account 4. true or false, you can never save too much? a. true b. false 5. assume you have just started a new job, have a car loan, and have a student loan. you have just received a cash gift of $1,000 from a relative, which of the following is the best use of this money? a. deposit into an unfunded emergency fund b. deposit into a 529 savings account for college c. invest for your retirement in an ira d. deposit into a cd earning 2% interest

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 22:10

3. now assume that carnival booked lady antebellum in december 2016 to perform on the june 2017 western caribbean cruise. further assume that carnival pays lady antebellum its entire performance fee of $52,000 on december 28, 2016, for the june 2017 cruise. what journal entry will carnival make on december 28, 2016, for its payment to lady antebellum?

Answers: 1

Answer

Business, 22.06.2019 17:00

Aaron corporation, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 102 units in beginning inventory 0 units produced 4,900 units sold 4,260 units in ending inventory 640 variable costs per unit: direct materials $ 20 direct labor $ 41 variable manufacturing overhead $ 5 variable selling and administrative expense $ 4 fixed costs: fixed manufacturing overhead $ 64,200 fixed selling and administrative expense $ 2,900 the total contribution margin for the month under variable costing is:

Answers: 2

Answer

Business, 22.06.2019 20:30

This problem has been solved! see the answercompute and interpret altman's z-scoresfollowing is selected financial information for ebay, for its fiscal years 2005 and 2006.(in millions, except per share data) 2006 2005current assets $ 4,970.59 $ 3,183.24current liabilities 2,518.39 1,484.93total assets 13,494.01 11,788.99total liabilities 2,589.38 1,741.00shares outstanding 1,368.51 1,404.18retained earnings 4,538.35 2,819.64stock price per share 30.07 43.22sales 5,969.74 4,552.40earnings before interest and taxes 1,439.77 1,445.18compute and interpret altman z-scores for the company for both years. (do not round until your final answer; then round your answers to two decimal places.)2006 z-score = answer2005 z-score = answerwhich of the following best describes the company's likelihood to go bankrupt given the z-score in 2006 compared to 2007.the z-score in 2006 is half of the 2005 score. both z-scores are well above the score that represents a healthy company.the z-score in 2006 is double the 2005 score. the z-score has increased sharply, which suggests the company has greatly increased the risk of bankruptcy.the z-score in 2006 is half of the 2005 score. the z-score has decreased sharply, which suggests the company is in financial distress.the z-score in 2006 is double the 2005 score. the z-score has increased sharply, which suggests the company has greatly lowered the risk of bankruptcy.

Answers: 3

Answer

Business, 22.06.2019 22:50

Adding a complementary product to what is currently being produced is a demand management strategy used when: a. capacity exceeds demand for a product that has stable demand.b. price increases have failed to bring about demand management.c. demand exceeds capacity.d. demand exceeds 100 percent.e. the existing product has seasonal or cyclical demand.

Answers: 3

Answer

You know the right answer?

Week 5 quiz - saving (15pts) 1. if the interest rate on a savings account is 0.01%, approximately ho...

Questions