Why is a savings account better than a checking account for saving money?
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Answers

Answer 1

Answer:

A checking account is a type of bank deposit account that is designed for everyday money transactions. ... Savings accounts have higher interest rates than checking accounts, meaning it is better to let large sums of money (e.g., an emergency fund) sit in savings instead of checking.

Explanation:

Checking accounts are better for everyday transactions such as purchases, bill payments and ATM withdrawals. ... Savings accounts are better for storing money and earning interest, and because of that, you might have a monthly limit on what you can withdraw without paying a fee.

Answer 2

A savings account is better than a checking account as it offers a potentially higher rate of interest for the customer.

What is a savings account?

The most basic type of bank account in which a customer deposits his or her money, with an intention to earn monetary gains and safekeeping of his or her funds, is known as a savings account.

A checking account is ideal for someone who conducts numerous transactions on a daily basis. It also offers a lower rate of interest as compared to a savings account.

Hence, the significance of a savings account is aforementioned.

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Related Questions

Margita has an employee who is struggling with meeting quotas and attendance. You offer her advice by telling her to not use the ________ as it will not provide guidance on improving employee behavior.

Answers

The attribute approach won't not provide guidance on improving employee behavior.

What is employee behavior?

It should be noted that employee behavior simply means the traits that are showed by employees at work.

In this case, Margita has an employee who is struggling with meeting quotas and attendance. Therefore, the advice is that the attribute approach won't not provide guidance on improving employee behavior.

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Identify 3 skills you would expect a bookkeeper to have​

Answers

Answer:

Great data entry skills. ...

Good communication. ...

Knowledge of bookkeeping principles. ...

Organising records. ...

Attention to detail. ...

Have an understanding of the bigger picture. ...

Be disciplined. ...

Have an interest in furthering your education.

Identify the micro and macro challenges of speedy motors

Answers

Based on the fact that Speedy Motors is in the automotive industry, some micro and macro challenges include:

Macro challenges - Government regulation and Economic growth.

Micro challenges - Lack of liquidity and Retaining good labor.

What are micro challenges?

Micro challenges are those that affect a company alone and not the economy.

Companies in the automobile industry face the micro challenge of having poor liquidity because cars might not be sold fast enough. They also have issues with retaining good labor which can help them remain competitive.

What are macro challenges?

These affect the economy and industry at large and so affect the company as well.

Some challenges here include government regulation that is aimed at reducing pollution. This will force an auto company to invest in more expensive equipment to comply.

If economic growth is poor, a car company will experience less sales as well.

In conclusion, there are several challenges affecting Speedy Motors.

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Money serves as a
measure of
of exchange, is a store of value, and serves a a measure of

Answers

Answer:

Medium of exchange

Store of value

Measure of value

Standard of deferred payments

Explanation:

How can you take advantage of the information on social media sites related to careers you are interested in?

Answers

It can easily show a lot of the ups and downs to careers that one may be interested. You can see people's personal experiences and how people view the job compared to what it is. You can get a lot of insight which could sway your choice.

hello , What are three common tools for qualitative research in business and marketing?

Answers

Answer:

they would be in-depth interviews, focus group discussions and observation over data

Explanation:

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A personal network provides ______ to an entrepreneur. advice about rough patches access to power employment financial assistance

Answers

A personal network is able to provide advice about rough patches to an entrepreneur, assisting him in the decision-making process more effectively.

What are the essential characteristics of an entrepreneur?

It is essential that an entrepreneur is an individual with communication skills, innovation and is willing to deal with the risks inherent in a business.

Therefore, a personal network is capable of helping the entrepreneur to have a greater vision of the external and internal environment, generating greater exchange of experiences and positioning in the market.

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Fultz Company has accumulated the following budget data for the year 2020.
1. Sales: 31,120 units, unit selling price $88.
2. Cost of one unit of finished goods: direct materials 1 pound at $6 per pound, direct labor 3 hours at $12 per hour, and manufacturing overhead $8 per direct labor hour.
3. Inventories (raw materials only): beginning, 10,290 pounds; ending, 15,240 pounds.
4. Selling and administrative expenses: $170,000; interest expense: $30,000.
5. Income taxes: 30% of income before income taxes.
Prepare a schedule showing the computation of cost of goods sold for 2017:
Cost of one unit of finished goods:
Direct Materials: $___
Direct Labor: $___
Manufacturing Overhead: $___
TOTAL: $___
COST OF GOODS SOLD: $___
Prepare a budgeted multi-step income statement for 2017:
_____: $___
_____: $___
_____: $___
_____: $___
_____: $___
_____: $___
_____: $___
_____: $___
_____: $___

Answers

Assuming the direct materials is 1 pound , the cost of goods sold is $2,053,920 and the income statement is: $339,248.

Cost of goods sold

Cost of goods sold for 2017

Cost of one unit of finished goods:

Direct materials $6

Direct labor $36

(3×$12)

Manufacturing overhead $24

(3×$8)

Total $66

Cost of goods sold $2,053,920

($66×31,120)

Budgeted multi-step income statement for 2017:

Sales revenue $2,738,560

($88×31,120)

Less cost of goods sold $2,053,920

Gross profit $684,640

Less selling and administrative expense $170,000

Income from operation before interest and tax $514,640

($684,640-$170,000)

Less interest expense $30,000

Profit before tax $484,640

($514,640-$30,000)

Less income tax expense $145,392

(30%×$484,640)

Profit after tax $339,248

($484,640-$145,392)

Inconclusion the cost of goods sold is $2,053,920 and the income statement is: $339,248.

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Suppose you are employed and about to enrolled in philhealth. How will you evaluate reliability? What questions will you ask the compony?​

Answers

Answer:

1. I will evaluate reliability by;

a. asking about the packages they offer

b. checking how long they have been in the business

c. interviewing other users to know how promptly they keep to processing claims

2. Questions I would ask the company include;

1. How competitive are you in the insurance industry?

2. What is your solvency like?

3. How capable are you to handle risks?

Explanation:

Philhealth is a national health insurance company in the Philippines that is meant to care for the insurance needs of people in the Philippines. They cater to several cadres of people which include;

the formal groupthe indigentsthe sponsored membersthe lifetime membersthe senior citizensand the informal economy.

When an employer is offered health insurance under this platform, he would have to make the appropriate findings and ask the necessary questions such as the ones above before he becomes a client of the company.

Philhealth is an acronyms of Philippine Health Insurance Corporation

The Insurance co-operation provides service of Health Insurance which provides payment or reimbursement for one's health care costs as a result of  surgeries, illness which makes one unable to work.

I will evaluate the reliability of Philhealth by checking its review online and its financial record for the last year ended to asses its ability to afford compensation.

In conclusion, in the process of undertaking my Health Insurance policy, i will ask about the process to go through if any claim for heath insurance arises.

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In which type of organizational structure is decision making made at the lowest level of the organization

Answers

Answer:

chain of command

Explanation:

The chain of command organizational structure simplifies decision-making. Employees at the lowest level of the company hierarchy complete the tasks assigned to them for that day.

The lowest level of the organization's hierarchy is where decisions are made in a chain of command organizational structure.

The authority-based ranking of members is known as organizational hierarchy. It alludes to the positions that range from entry-level workers to senior managers or executives.

Organizational hierarchies typically have several levels, with higher positions held by people with more power. A hierarchical organization or hierarchical organization is a type of organizational structure where all but one of the entities are subordinate to one another.

This set up resembles a hierarchy. In an organization, the power structure typically consists of one or more individuals or groups at the top, followed by command lower levels of power.

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In what way is the purchase of a washing machine an investment in a consumer durable rather than a consumption expense?.

Answers

So a washing machine is regarded as a consumer durables rather than a consumption because it’s going to render you services that that you don’t need to purchase very often as compared going to the laundromat . Owning washing machine comes with a cost such as detergent , wear and tear , electric usage and water usage but the it will save you a lot of cost therefore it is considered a consumer durable

Additionally, durable items outlast nondurable ones in terms of economic value retention. Since durable items cost more than nondurable ones, people tend to invest in them when the economy is doing well, and they are feeling prosperous.

What is the investment in a consumer durable?

Products that are used soon after purchase. Cigarettes, beverages, paper products, cosmetics, and food items. For consumers, staples. No matter how the economy is doing, consumers depend on common goods.

Owning a washing machine has costs associated with it, like detergent, wear and tear, electricity use, and water usage, but because of the money you would save, it is regarded as a consumer durable.

Therefore, a washing machine is considered a consumer durable rather than a consumption because it will provide services that, in contrast to using the laundry, you won't need to acquire frequently.

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write any four method any two challenges of federal system?​

Answers

[tex]\huge\bold\red{Answer:-}[/tex]

✭The purpose of this collection is to discuss what we may learn from thinking about the EU in federal terms.

✭Our point of departure is that this represents a two-fold challenge.

✭It is on the one hand a matter of establishing ‘how federal’ the EU is (the EU’s federal challenge).

✭On the other, the EU has federal features but is not a state; thus raises the question of whether federal theory and practice may have to be adapted to take proper account of the EU (the EU’s challenge to federalism).

✭The contributions to this collection supplement and extend existing scholarship through focusing on two important lines of inquiry.

✮The first focuses on the relationship between federalism and democracy, with particular emphasis on how federal systems respond to and deal with citizens’ interests and concerns, within and outside the political system.

✮ Particular emphasis is placed on representation, in the process of federalization, and as a feature of established systems.

✮The second line of inquiry places the emphasis on the relationship among the governments of federal systems.

✭The focus is on intergovernmental relations, and the particular merits that emanate from studying these from a federal perspective.

HOPE IT HELPS❤

Answer:

Constitutional provisions are used by political parties to hide the real issues of corruption, fraud etc.Central government and State Governments’ indifference and apathy towards constitutional scheme of federal structure.Tussles between the agencies of central government and those of state governments stress the cohesive functioning of centre and states.

In a(n) __________, an inexperienced worker learns by working alongside an experienced employee to master the skills and procedures of a craft

Answers

In a(n) apprenticeship, an inexperienced worker learns by working alongside an experienced employee to master the skills and procedures of a craft

Answer the next two questions based on the following
table.
INCOME (DOLLARS)
$10,000
20,000
40,000
80,000
TAX PAID (DOLLARS)
$1,000
2,000
4,000
8,000
3. This tax is
a. progressive.
b. proportional.
C. regressive.
d. none of the above.

Answers

Answer:

i think it is d i think if right hope i help a lot

Explanation:

Listing the pros and cons for each of your options is a part of which step in the decision-making process?.

Answers

Answer:

Listing the consequences of each option.

Explanation:

Click to review the online content. Then answer the question(s) below, using complete sentences. Scroll down to view additional questions. Online Content: Site 1 This site shows the occupations with the highest expected growth rates over the period 2014 - 2024. Which occupation is expected to grow at the highest percentage increase? Is this occupation also expected to have the largest increase in the number of jobs? Explain.

Answers

Answer:

Healthcare practitioners & supporters and Management have highest percentage increase anticipated.

Explanation:

The Healthcare practitioners have most demand in the market is because of the fact that developing countries have higher demand for these jobs and thus they show highest growth.

On the other hand, management is the backbone of the company. We can not imagine a company without management. Hence their is an increased demand in management operations. If the GDP of the country is growing then it means the business is growing and their is increased demand for the management jobs.

The automation will affect most of the difficult jobs and would increase efficiency in the coming future. The occupations that would be affected will be aggriculture production operations.

When the business cycle or economic activity is declining, the economy is said to be in....?

A
the trough

B
contraction

C
expansion

D
recovery

Answers

contraction is to decline the answer is B

50 points!! Help please! “You enjoy working with your hands and like large
machinery. You are not overly fond of sitting at a
desk, but earning a good wage is a high priority.
Which manufacturing jobs might you consider?
you think you'd like them? Why or why not?”

Answers

Answer:

I hope this answer is correct!

Explanation:

"might" (and any subsequent words) was ignored because we limit queries to 32 words.

Farming would be a good one if you keep at it you can make a fair bit

Nikita Enterprises has bonds on the market making annual payments, with eleven years to maturity, a par value of $1,000, and selling for $970. At this price, the bonds yield 7 percent. What must the coupon rate be on the bonds?

Answers

Based on the selling price, the par value and the bond yield, the coupon rate must be 6.62%.

What is the coupon rate?

Use Excel to find the payment using the PMT function.

Rate = 7% = 0.07

Number of payment periods = 12 years

PV = $970 selling price

FV = $1,000 face vaue

Payment will be 66.22 which as a coupon rate is:

= 66.22 / 1,000 face value

= 6.62%

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my uncle is in the hospital need someone to tlk too

Answers

Answer:

Hey, I'm here if you need. I'm sorry about your uncle being in the hospital, I do hope he gets better.

Jonathan is pursuing a degree in marketing. He researched income trends and expects his starting annual salary to be $35,000. Based on his expected income, what would you recommend as his maximum student loan debt

Answers

Jonathan is pursuing a degree in marketing. He researched income trends and expects his starting annual salary to be $35,000. Based on his expected income of $34,000, maximum student loan debt will be recommended.

Creating interest in your company's goods or services is known as marketing. This is accomplished by market research, analysis, and comprehension of the interests of your prospective clientele. Product creation, distribution channels, sales, and advertising are all included in the definition of marketing.

In dictionaries for the first time in 1897, the term "marketing" was defined as the modern process of getting commodities from producer to customer with a focus on sales and advertising. The word marketing is a translation of the Latin word Mercatus, which refers to a market or a trader.

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The American system of democracy would be in serious trouble without ______. a. print media b. a monopoly on news media c. the reporting of skilled journalists d. media aggregators

Answers

The American system of democracy would be in serious trouble without

The reporting of skilled journalists

What is Democracy?

This is simply a system of government that is based on the principle of representative government where the people are represented in government.

With this in mind, we can see that skilled journalists are responsible for holding the American leaders responsible to the people by making reports of their actions and inactions and without this, democracy would be in serious trouble.

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If a company pays dividends on a stock, does that mean that the stock has appreciated in value? Why or why not? Yes, the payment of dividends indicates that a stock’s value has increased. No, the payment of dividends indicates that a company has earned profits. Yes, the payment of dividends indicates that a company’s assets have grown. No, the payment of dividends indicates that a company can repay investors.

Answers

Answer:

No, the payment of dividends indicates that a company has earned profits.

Explanation:

If a company pays dividends on a stock, that means that the stock has appreciated is that No, the payment of dividends indicates that a company has earned profits. The correct option is b.

What is a stock?

A stock is a general term used to describe the ownership certificates of any company. A share, on the other hand, refers to the stock certificate of a particular company. Holding a particular company's share makes you a shareholder.

Stocks are of two types common and preferred. The difference is while the holder of the former has voting rights that can be exercised in corporate decisions, the later doesn't. However, preferred shareholders are legally entitled to receive a certain level of dividend payments before any dividends can be issued to other shareholders. There is also something called 'convertible preferred stock'.

This is basically a preferred stock with an option of converting into a fixed number of common shares, usually any time after a predetermined date.

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How do you transfer credit card balances to another card?.

Answers

Answer:

Examine your current balance and interest rate.

Choose a balance transfer card that meets your requirements.

Read the fine print and make sure you understand the terms and conditions.

Obtain a balance transfer credit card.

To transfer the balance, contact the new credit card company.

Pay off your debt... That's the bottom line.

Explanation:

Determine whether each statement is true or false. A. Price ceilings result in resources being allocated to activities with the highest possible value. B. Price ceilings result in a reduction in mutually beneficial exchanges. C. Though they may face higher prices, consumers usually see an increase in product quality when price ceilings are imposed. D. A problem with price ceilings is that they lead to surpluses. E. When price ceilings are imposed, consumers pay lower explicit prices but often face higher costs in terms of waiting in line for goods and services

Answers

Analyzing the statements about prices, it is possible to characterize each question as true or false as follows:

A) True

B) False

C) True

D) False

E) True

What is a price ceilings?

Corresponds to the mandatory maximum value that a company can buy when selling its product or service, they are generally defined by law and applied to basic products, such as food products and medicines, so as not to become inaccessible to consumers.

Therefore, the price ceiling helps to control prices and maintain economic balance, so that there is quality associated with accessibility to essential products.

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What is a normal consequence of carrying a balance on a credit card?.

Answers

Answer:

interest and it could also cause damage to your credit score

Explanation:

it is sometimes good to actually carry a balance when first getting credit, but generally it is not good to carry large large amounts on your credit card, because then you rack up credit card debt  

What is the Brain Drain Phenomenon and how does it impact developed and developing nations?.

Answers

Brain drain is the emigration of people who are favorably proficient or competent in their domain of study.

What is the brain drain phenomenon?

Brain drain is defined as the emigration of people who are positively experienced or trained in their occupation of investigation.

The avoidance of these groups of experienced professionals may be due to adequate living situations or higher salary.  

The effects of Brain drain on producing countries are countless, but it is better on the opposing side.

The phenomenon has generated a baneful influence on developing countries, mainly in Africa.

As these qualified individuals travel to developed countries, they become more affluent and the developing countries become more deficient.

In emerging countries, this has resulted in a lack of innovation and industrial progress, as well as economic instability, which leads to unemployment, political instability, a loss of education investment, tax income, and a shortage of trained personnel.

Therefore, the brain drain phenomenon impacted the economy in a very negative way.

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A group where there is a great deal of camaraderie is a group experiencing:.

Answers

Answer:

cohesion

Explanation:

the action or fact of forming a united whole.

Suppose at the current price, the price elasticity of demand for a campus film series is 1.5. If administrators cut the price, total revenue will

Answers

If administrators cut the price of the campus film, total revenue will increase.

What is the price elasticity of demand?

The price elasticity of demand measures the percentage change in quantity demanded as a ratio of the percentage change in price.

If the price elasticity of demand is greater the one, it means that demand is elastic. This means that when prices are reduced, revenue would increase as the quantity demanded would increase.

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what is Galileo Galilei's scientific method?​

Answers

Answer:

Galileo devised a method that exhibits some provocative similarities to, and differences from, a Rasch approach to instrument design: Viewed as a whole, Galileo's method then can be analyzed into three steps, intuition or resolution, demonstration, and experiment; using in each case his own favorite terms.

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