Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Kern Company deposited $1,000 in the bank on January 1, 2017, earning 8% interest. Kern Company withdraws the deposit plus accumulated interest on January 1, 2019.
We need to use the following formula:
FV= PV*(1+i)^n
A) i= 0.08 n=2
FV= 1000*(1.08^2)= $1,166.4
B) i= 0.08/2= 0.04 n= 4
FV= 1,000*(1.04^4)= $1,169.86
C) i= 0.02 n= 8
FV= 1,000*(1.02^8)= $1,171.66
Answer:
1. Economic Growth and Regulatory Paperwork Reduction Act - <em>Consumer has less paperwork to go through to buy a new house</em>
The Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA) is a law that requires that the regulatory bodies of Federal Deposit Insured Corporation insured institutions such as banks and savings organisations review the documents they require from said banks to see if there are any unnecessary requirements needed. This will translate to fewer paperwork for the customers of such banks who for instance seek a mortgage to buy a house.
2. Fair Credit Reporting Act - <em>Consumer disputes financial information reported to a credit scoring company</em>
The Fair Credit Reporting Act (FCRA) gives consumers the right to dispute the information reported to a credit scoring company. It also regulates how these companies are allowed to collect and share the acquired data.
3. Federal Deposit Insurance Act - <em>The FDIC has the right to review companies for consumers</em>
4. Children's Online Privacy Act - <em>Consumer refuses to provide their five-year-old child's financial data to a company.</em>
The Children's Online Privacy Protection Act was passed in 1998 as a means to allow parents to determine what information about their children that websites can collect. Children in this case refers to people under the age of 13.
Adrianna's salary $60,000
She has deductions of $3,000
Tax credits of $5,000
Annual tax of $6,000
What is her annual disposable income?
To solve, subtract all the deductions or money leaving her salary and add the credits she receives yearly.
$60,000 - $3,000 = $67,000
$57,000 + $5,000 = $62,000
$62,000 - $6,000 = $56,000
Adrianna's annual disposable income is $56,000.
Answer:
2) an area where the firm can contribute to the green effort, as well as cut costs.
Explanation:
Banks and most private companies are continually looking for ways to reduce costs so that they can make larger profits. In this case, the bank will probably cut some costs by not using paper anymore.
The fact that it can be seen as a green effort is a plus to the cost saving. Green efforts are usually heavily publicized, even more if it's a bank. Banks usually have bad reputations so whatever makes them look good, and better if it's free (or in this case they even save money), just suits them perfectly.
Answer:
The correct answer is C. high-volume, low-variety
Explanation:
Frito-Lays plants produce under the low-variety, high-volume process model common in commercial baked goods and the beer industry. Preventive equipment maintenance is critical to avoid downtime costs.
This model ensures a high flow of products, anticipating the high demand that the company has.
Have a nice day!
