answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
SashulF [63]
2 years ago
13

What are some of the advantages and disadvantages of choosing a federally insured account.? help​

Business
1 answer:
Wewaii [24]2 years ago
5 0

the advantages of the federally insured account is that

- it's generally safer because it's protected by the Insurance made by the federal government, In case the account is stolen, the government would return the amount,

- It's easier to make joint account if you're married.

The disadvantages is that:

- The interest of a federally insured account usually below the inflation rate. So technically the value of your account would reduced over time.

- it has a maximum amount of $ 250,000. You can put more to the account.

You might be interested in
Porter Company uses standard costs for its manufacturing division. Standards specify 0.1 direct labor hours per unit of product.
kkurt [141]

Answer:

1,370.85 Unfavorable

Explanation:

Standard rate :

= Budgeted variable overhead costs ÷ Budgeted direct labor hours

= $13500 ÷ 640

Direct labor hours = $21.09 per direct labor hour

Standard time to produce goods :

= Budgeted direct labor hours  ÷ Production volume

= 640 ÷ 6,400

= 0.10 hours

VOH Efficiency Variance

= ( SH − AH ) × SR

where,

SH are standard direct labor hours allowed

AH are the actual direct labor hours

SR is the standard variable overhead rate

(SH − AH ) × SR

= [(4,200 × 0.10) - 485] × $21.09

= (420 - 485) × $21.09

= 1,370.85 Unfavorable

5 0
2 years ago
Herschel uses an app on his smartphone to keep track of his daily calories from meals. one day his calories from breakfast were
Blizzard [7]
<span>Let the number of calories from lunch be called L. As such, breakfast is then L + 128, and dinner is 2L - 400. We can then sum the three meals and equate it to the total caloric intake, the known value of 1932.
   So: 1932 = L + L + 128 + 2L - 400 = 4L - 272.
   Lunch = 551
 Breakfast = 551 + 128 = 679
 Dinner = 2*551 - 400 = 702</span>
3 0
2 years ago
Read 2 more answers
A middle-aged widowed customer has an investment objective of stable income and would also like to receive occasional "extra" in
Illusion [34]

Answer: Participating preferred

Explanation:

Participating preferred is a stock which pays specific dividends rate to their customers and also receives additional dividends, this is made known Board of Directors and paid by the company, this meets up with the objectives a customers has for investing and having a stable income. It is so known as performance preferred and it gives the holder the benefit of collecting extra dividends.

6 0
1 year ago
Bay City Mining, Inc. has a price of $20 a share, outstanding shares of 2.5 million, retained earnings of $1 million dollars, an
weqwewe [10]

Answer:

a. 50, which is high by historical standards.

Explanation:

a. 50, which is high by historical standards.

It is high because  current price  is high than earnings.

Earning yield is  the reciprocal of price earning ratio that is = 1/ (P/E ratio) expressed as a percentage.

So

PRice Earning ratio = Market price per share/ Earning per share

Price Earning ration= $20/ 0.4 = 50

Earning per share= Earnings/ No of shares outstanding

EPS= $ 1 million/$ 2.5 million = 0.4

5 0
1 year ago
On January 1, 2021, Rick’s Pawn Shop leased a truck from Corey Motors for a six-year period with an option to extend the lease f
Delicious77 [7]

Answer:

Explanation:

CHECK THE ATTACHMENT FOR DETAIL EXPLANATION.

5 0
2 years ago
Other questions:
  • Justin discounts a 115-day note for $26,000 at 8.5%. the effective rate of interest to the nearest tenth percent is:
    7·2 answers
  • If you compute the price elasticity of demand using a quantity of tickets from 1 to 8 and using a quantity of tickets from 1,000
    15·1 answer
  • After deciding to buy a new car, you can either lease the car or purchase it on a two-year loan. The car you wish to buy costs $
    5·1 answer
  • Mercury Inc. purchased equipment in 2019 at a cost of $400,000. The equipment was expected to produce 700,000 units over the nex
    14·2 answers
  • A major bank has an application where customers can see their balances in their checking accounts, the positions in their broker
    5·1 answer
  • Mr. and Mrs. Napper are interested in funding their children's college education by taking out a home equity loan in the amount
    5·1 answer
  • At the start of the case, Cisco’s information systems are failing, yet no one steps forward to lead the effort to replace them.
    6·1 answer
  • Suppose a manufacturing plant is considering three options for expansion. The first one is to expand into a new plant (large), t
    11·2 answers
  • Ford Motor Company has been attacked by its own sustainability committee for failing to do enough to cut vehicular greenhouse ga
    5·1 answer
  • The net profit margin ratio can mathematically be broken down as:______.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!