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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.

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The Digby's workforce complement will grow by 20% (rounded to the nearest person) next year. Ignoring downsizing from automating
Lerok [7]

Complete Question:

Baldwin's workforce complement (number of employees) will grow by 10% next year. Baldwin spends the same amount extra above the $1,000 recruiting base, which is $694 per employee. Complement/work force was 434 and New Hires were 67 for last year. What will they spend this year on recruiting this year?

Answer: $84,700

<u>Explanation:</u>

Total employees = 434 + 67 = 501

As mentioned in the question that Baldwin's workforce will increase by 10%.

Hence, existing employees x 110% = 501 x 110% = 551 (Ignore the decimal as employees cannot be in decimal) Increase of 50 employees

Baldwin will spend $694 + $1,000 = $1,694

Therefore, for 50 employees he would spend $1,694

Baldwin would spend a total of (50 x $1,694) = $ 84,700

5 0
2 years ago
The supply of product x is elastic if the price of x rises by
garri49 [273]
The answer to this question is <span>5% and the quantity supplied rises by 7%.
A product is considered as elastic if the change in prices will also affect the changes in total supply.
Usually, this type of products are not considered unique or rare and there are a lot of substitute for this product in the market</span>
8 0
2 years ago
Krumbly Corporation uses the FIFO method in its process costing system. At the beginning of the month, Department D's work in pr
ss7ja [257]

Answer:

the total cost is $23,200

Explanation:

The computation of the total cost of the 2,000 units transferred is as follows:

= Total cost at that point + other cost

= $13,600 + (2,000 × (1 - 0.40)  × $8)

= $13,600 + 2,000 × 60% × $8

= $13,600 + $9,600

= $23,200

hence, the total cost is $23,200

6 0
2 years ago
An ad for Maybelline age-minimizing makeup in Ladies' Home Journal magazine featured actress Melina Kanakaredes and offered read
mina [271]

Answer:

The correct answer is C

Explanation:

A brand named Maybelline released an ad for the product of age minimizing makeup and offering the readers the $1 off coupon, so in terms of the communication, the source is the term which is described as the person or the reader who use the service or the product.

Therefore, the source of the ad is the readers who redeem the coupon featuring off $1 on the product.

3 0
2 years ago
clarissa wants to fund a growing perpetuity that will pay $5000 per year to a local museum, starting next year. She wants the an
Sergeeva-Olga [200]

Answer:

$166,666.67

Explanation:

Clarissa wants to take charge of finding a growing perpetuity that will pay a total amount of $5,000 per year to a local museum

She wants the annual amount paid to the museum to grow by 5% per year

= 5/100

= 0.05

The interest rate is 8%

= 8/100

= 0.08

Therefore, the amount used to fund the perpetuity can be calculated as follows

Pvo= $5,000/(0.08-0.05)

= $5,000/0.03

= $166,666.67

Hence Clarissa needs $166,666.67 to fund the perpetuity.

4 0
2 years ago
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