If the interest rate on a savings account is 0.018%, approximately how much money do you need to keep in this account for 1 year to earn enough interest to cover a single $9.99 Below-Minimum-Balance Fee?
$55,555
$55
$555
$5,555
The interest from an investment is calculated through the equation,
I = P x i
Where I is the interest, P is the principal amount and i is the interest rate.
P = I / i
Substituting the known values,
P = ($9.99) / (0.018/100) = $55,500
The nearest value to the obtained value above is $55,555. Thus, the answer to this item is the first choice.
A best-seller novel sells for $28 in hardback edition and $12 in a paperback edition. a book store's sales of both editions totaled $1,356. if 65 copies of this novel were sold, how many hardback edition were sold
Mark can cook dinner in 30 minutes and wash the laundry in 20 minutes. his roommate takes half as long to do each task. how should the roommates allocate the work?
a. mark should do more cooking based on his comparative advantage
b. mark should do more of the washing based on his comparative advantage
c. mark should do more of the washing based on his absolute advantage
d. there are no gains from trade in this situation
Mark and his roommate should divide tasks based on the concept of comparative advantage. Although they have the same opportunity cost ratio and no comparative advantage over each other, Mark should do more of the washing, and his roommate should do more cooking, which allows them to specialize and complete tasks more efficiently.
Explanation:In the given scenario, Mark can cook dinner in 30 minutes and wash the laundry in 20 minutes, while his roommate can perform each task in half the time it takes Mark. To decide how the roommates should divide the tasks, we need to consider the concept of comparative advantage.
Comparative advantage occurs when someone can perform a task at a lower opportunity cost than others. The roommate takes 15 minutes to cook and 10 minutes to wash, indicating that Mark and his roommate have the same opportunity cost ratio between cooking and washing—they can each give up 1.5 minutes of cooking for every minute of washing they perform. Since there is no difference in their opportunity costs for the tasks, the roommates do not have a comparative advantage over each other.
However, even without a comparative advantage, they can still benefit from specialization and trade. Specifically, Mark should specialize in the task he can perform relatively faster (washing the laundry), and his roommate should specialize in cooking, mainly because they both can perform these tasks at the same opportunity cost ratio, and this specialization will allow them to finish the tasks more efficiently overall despite the lack of comparative advantage.
Why is private property important for technological progress to occur?
Private property is crucial for technological progress because it provides individuals and businesses with the incentive to invest in and develop new technologies. It ensures that creators can reap the benefits of their innovations, leading to more investment in research and development. Without property rights, there would be little motivation to risk time and resources on new technologies.
Private property rights mean that inventors and businesses can control the use of their creations, giving them a financial stake in their innovations. This potential for profit drives them to invest time and resources into developing new technologies.
When companies and individuals know they will benefit from their investments in technology, they are more likely to undertake costly and risky research and development projects. This leads to higher levels of technological advancement and innovation in society.
Without the security of property rights, there would be little to no protection against others copying or stealing innovations, significantly reducing the incentive to innovate. This would slow down technological progress.
Moreover, the profits generated from these technologies can be reinvested into further research and development, creating a cycle of continuous improvement and innovation.
When faced with a business problem, sally, a young grocery store owner, discusses business problems with don, the assistant manager and an employee for over 30 years. sally believes don "has seen it all" and knows there are few really new ideas; plus the business has done many simple things, such as offering friendly service, to create and maintain a competitive edge. sally's management style is best described as?
Clement applies for a home loan at global bank inc. as part of the process, he provides his personal details to the bank. the banker uses clement’s personal information to sell him insurance policies. in this scenario, the banker’s action is considered _____.
The bank’s action is considered to be legal though it is unethical. It is because having to take the information of Clement is legal though it is considered unethical because they used his information just to sell him the insurance policies.
"hunting for a job is a job in itself. use these helpful tips for a successful job search — like having the right attitude, networking, and researching the marketplace — to find and land a job in the career of your choice."
The numbers on the bottom of a typical check represent all of the following EXCEPT? A Social Security Number B Routing Number C Account Number D Check Number
The answer is "A, Social Security Number".
The Social Security number (SSN) was made in 1936 for the sole reason for following the income chronicles of U.S. specialists, for use in deciding Social Security advantage privilege and processing advantage levels. From that point forward, utilization of the SSN has extended significantly. Today the SSN might be the most normally utilized numbering framework in the United States. As of December 2008, the Social Security Administration (SSA) had issued more than 450 million unique SSNs, and about each legitimate occupant of the United States had one.
When inside a closed work environment, it's okay to openly talk with co-workers about pii?
herbert spencer believed that societies evolve from lower to higher forms because as generations pass, the most capable and intelligent members of society prosper, while the less capable die out. Spencer referred to this process as...
A. Survival of the fittest
B. Positivism
C. Social egalitarianism
D. The industrialization of society
The correct answer is A. Survival of the fittest
Explanation:
"Survival of the fittest" was a term used by the English sociologist and biologist Herbert Spencer to describe the way natural selection occurs in human societies. This means, according to Spencer in human societies only the individuals that are fit or have both physical or genetical features to survive and reproduce prevail over time. In this way, according to Spencer's concept societies would change and improve over time as only those with high qualities such as intelligence will prosper while others would disappear. This idea derives from the proposal of Darwin about the evolution of species, although Spencer adapted it to human communities. Thus, the term Spencer use to refer to the process of evolution of societies was the Survival of the fittest.
Gerald is a mechanical engineer who can examine and detect a problem, determine cause and effect, and provide a solution. gerald's skill is called ______ skill.
In order to make up for a budget deficit, the government can do what?
The most appropriate method of which the government should do in having to make up with a budget deficit that have happened, they should issue bonds in which will make bonds stronger, making up with the budget deficit that had occurred.
Purchasing agents derive much of their power within the buying center through which role?
Americans _____ centralized leadership and have consistently sought to _____ its power.
Name two levels of economic activities and explain the two levels that you choose.
What transactions are included in income from continuing operations? briefly explain why it is important to segregate income from continuing operations, from other transactions affecting income?
The final task in designing a management information system (mis) is _____.
Final answer:
The final task in designing an MIS is to communicate results to the client or customer and making sure it fulfills their needs and expectations, with client focus and robust database management being critical for success.
Explanation:
Final Task in Designing a Management Information System (MIS)
The final task in designing a Management Information System (MIS) is to communicate results and ensure the appropriate client or customer is fully informed about the system. This includes confirming the system meets the expected requirements and ensuring end-user participation is considered. The emphasis on client focus, end-user participation, and robust database management is crucial. Without these, the system risks not satisfying the client's needs or failing to be utilized effectively by the end-user, leading to project failure. Database management should consider the metadata and the six essential components of data collection: what, how many, where, when, how, and who collected the data. To facilitate the successful implementation of MIS, it is recommended to involve a skilled database manager who can maintain the system and adapt it to evolving needs.
A payday loan company charges 5.2 percent interest for a two-week period. what would be the annual interest rate from that company? assume an even 52 weeks per year.
Final answer:
The annual interest rate from a payday loan company charging 5.2 percent interest for a two-week period would be 135.2 percent, calculated by multiplying 5.2 percent by the 26 two-week periods in a year.
Explanation:
A payday loan company charges 5.2 percent interest for a two-week period. To calculate the annual interest rate, you would multiply this two-week interest rate by the number of two-week periods in a year. Assuming an even 52 weeks in a year, we have 26 two-week periods. Therefore, the annual interest rate from that company would be 5.2% times 26.
Annual interest rate = 5.2% × 26 = 135.2%
This figure shows the notably high cost of borrowing from payday lenders, especially when compared to other financial institutions that offer annual interest rates.
From papyrus, the _______ made a type of paper. assyrians babylonians egyptians sumerians
Answer:
egyptians
Explanation:
egyptians
John purchases a blender from juicemart. a crack in the plastic casing causes the blade to swing out of control and fly at john's arm. john is shaken up by the incident but otherwise uninjured. john's strict product liability suit will most likely:
The loan period does not affect the total cost of the loan
Trevor's business is the spicy chocolatier café chain. "the spicy chocolatier café" is
The 'spicy chocolatier café' refers to Trevor's business, suggesting it's a café chain offering unique spicy chocolate dishes. As a USP, this would target a niche market of consumers seeking novel sensory experiences.
Explanation:In this sentence, 'the spicy chocolatier café' refers to Trevor's business. It's a chain of cafes that likely specializes in selling spicy chocolate products or beverages. The term captures both the type of business (café chain) and its unique selling point/proposition (USP), which is the spicy chocolate.
This could imply anything from chocolate infused with chili peppers to chocolate-covered spicy snacks. As a business, it would likely focus on marketing these unique combinations to attract customers who are looking for a novel sensory experience. The success of the business would depend on how well the niche market responds to this unique mix of flavors.
Learn more about Trevor's business here:https://brainly.com/question/32929159
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List at least 3 good qualities an employee should have?
The ________ is a document that includes an assessment of the marketing situation, marketing objectives, and marketing initiatives.
Office supplies had a normal starting balance of 75 there were debit postings of 80 and credit posting of 60 during the month the ending balance is a
Which best demonstrates the way consumers and producers influence each other in the free-market system?
The circular flow model is one example or the best model demonstration of explaining or show the model of producers and consumers in how they influence one another using the system of free market. This simplifies and shows the process of how consumers and producers affect one another.
A circular flow model.
If you must apply for a loan, you should?
Answer:
You should visit a loan officer at a financial institution and complete and application.
Explanation:
Correct on Odyssey.
The Law of Demand is called a law because
the principle of _________ is the premise for elliot erwitt’s humorous photograph felix, gladys, and rover.
The answer is variety within unity. It is because this is the principle being described above in which has became a premise of the humorous photograph of Elliot Erwitt towards Felix, Gladys and Rover. It is a principle that changes the character of a certain element.
A low credit score can lead to A. lower monthly loan payments. B. denial of credit or loans. C. a more favorable interest rate. D. access to incentives.
Answer:
B
Explanation:
Right on edge :))