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2 years ago

Why should teenagers, in particular, look for no-fee savings accounts?

Business

1 answer:

natka813 [3]2 years ago

8 0

Answer:

The correct answer is letter "D": The number of fees a bank charge is likely to be greater than the interest a bank would pay on a teenagers’ balance as they are first starting to save in a savings account.

Explanation:

Banks tend to set higher fees on teenagers' savings accounts because <em>they do not have any credit history</em>. This makes them <em>potentially riskier in financial terms</em> in front of debt for overdrafts, for instance. For the same reason, banks usually provide a low-interest rate on savings and restrictions that are important to be aware of before choosing one bank over another to open the account.

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Sean is spending the day at the water park. He paid to enter the park and can use any water ride an unlimited number of times th

aksik [14]

Answer: a. less than 50 utils.

b. Sean's marginal utility has become negative.

c. fewer times

Explanation:

Utility is the satisfaction derived from consuming a good or service. Marginal Utility is the added satisfaction a consumer gets when he/she consumes an additional unit while the total utility is the sum of how satisfied he/she is after consuming a given number of units.

Marginal utility reduces with every extra unit taken. So Sean's marginal utility of riding the Twisty River the second time is likely less than that of the first time. Consider when you are very thirsty and you take the first sip of water. This is the most satisfying sip and the last one you take is the least satisfying.

As long as marginal utility is positive, total utility will increase. Imagine Sean gets a marginal utility of 50, 40, 30 and 10. The total utility is then 50, 90, 120 and 130 after every ride. If after the fifth ride, his total utility is 115, it means his marginal utility has become negative (maybe he threw up).

Because marginal utility reduces with every additional unit taken, Sean is not likely to keep spending the same amount of money when he is not getting the same amount of satisfaction so he will likely ride the Twisty River fewer times.

6 0

2 years ago

Direct and Indirect Costs Kubin Company's relevant range of production is 18,000 to 22,000 units. When it produces and sells 20,

pychu [463]

Answer:

a) direct manufacturing cost $220,000

b) indirect manufacturing cost $130,000

2 a) the manufacturing department cost will be of $350,000

b) zero as direct material, labor and overhead can be determinated.

3) a) $40,000

b) $50,000 advertizement.

4) No as we can set the object cost to determinate the direct and indirect cost of the adminsitrative expenses.

Explanation:

a) The direct manufacturing cost will be the variable manufacturing cost linked to the unit cost:

Materials $7 + Labor $4 = $11 per unit

20,000 units x $11.00 = $ 220,000

b) indirect manufacturing cost will be the overhead.

20,000 x ($1.5 + $5) = 130,000

a) Materials, labor and overhead.

which totals for 350,000

2 b) all the manufacturing cost are traceable so zero.

fixed selling

20,000 x 3.5 = 70,000

less 50,000 advertizement = 20,000

variable sales:

commisions $1 x 20,000 + 20,000 = 40,000 direct cost (sales persons)

b) the indirect cost will be the advertizement as cannot be linked directly to the sales person cost.

3 0

2 years ago

Compute whiz company's adjusted cash balance per books based on the following information:

Romashka [77]

Hey there!

Beginning: $4,200

Deposit in transit: not counted for ACB

Check printing charge: -$20

Note collected by bank of whiz: -$1,600

4,200 - 20 - 1,600 = 2,580

Adjusted cash balance = $2,580

Hope this helps!

6 0

2 years ago

Miles Company, a wholesaler, budgeted the following sales for the indicated months: June July August Sales on account $2700000 $

Alex Ar [27]

Answer:

$2475000

Explanation:

The computation of the cost of goods sold for the June month is shown below:

As it is given that total sales of June is $2,970,000

And, the marked up is cost plus 20%

So based on the above information, the cost of goods sold is

= $2,970,000 × 100 ÷ 120

= $2,475,000

Therefore, all the other information which is given is not relevant. Hence, ignored it

8 0

2 years ago

For june, gold corp. estimated sales revenue at $600,000. it pays sales commissions that are 4% of sales. the sales manager’s sa

hjlf

In July, Goldcorp had sales of $540,000. Of this, the 4% sales commission= $21,600, the shipping expenses was 1% at $5400, and the manager's monthly salary was $23,750, plus miscellaneous expenses was $15,000. So I would say that the budgeted expenses would be $21,600+$5400+$23750= $50,750, assuming that miscellaneous expenses were not budgeted. Total expenses would be $65,750 if the $15,000 was included.

6 0

2 years ago