Your savings account pays 1. 75% interest per year. You make a $500 deposit. How much interest does the account earn in the first month. A) $. 14 b) $. 17 c) $. 50 d) $. 73.

Answers

Answer 1

Possibility b is correct. The interest the account earns in the first month is $17.

The annual interest rate is the annual interest rate, assuming interest is compounded each year. For example, a $10,000 loan with an annual interest rate of 5% will cost you $500.

Annual interest rate is applicable only to the principal loan amount. With practice, it becomes more convenient to compare different interest rates from different sources when looking for a loan.

First, multiply the principal P, the interest rate R, and the holding period T by the number of years. For annual interest, divide the P*R*T result by 100. To get monthly interest, divide simple interest by 12 for 1 year, divide by 24 months for 2 years, and so on.

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Answer 2

The account earns $17 in interest in the first month.

Hence, Option B is correct.

How does it occur?

Assuming interest is compounded annually, the annual interest rate is the annual interest rate. For instance, if the annual interest rate on a $10,000 loan is 5%, the cost to you will be $500.Only the loan's principle is subject to the annual interest rate. When looking for a loan, it gets easier with time to compare various interest rates from various providers.First, increase the number of years by the principal P, interest rate R, and holding term T. Divide the P*R*T result by 100 to get the yearly interest rate. Divide simple interest by 12 for a year, by 24 for two years, and so on to obtain monthly interest.

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Related Questions

Which economic system do you think is the most effective in dealing with the problem of scarcity?

Answers

Capitalism can function only under conditions of scarcity.

Scarcity is no longer an issue, at least not in its original form. If used for this purpose, the technological resources currently available are sufficient to meet all human demands. However, capitalism is unable and unwilling to accomplish this.

Only in times of scarcity can capitalism thrive. It limits productive potential and wastes resources, continually reinforcing a false scarcity. That is the modern manifestation of the scarcity problem.

Only when resources are brought under the democratic control of the entire community will society overcome that problem.

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Select the correct answer.
Karson is a manager in a bottle manufacturing company. He wants to check whether 100 bottles were produced and dispatched to the market. Which
department should he consult?
OA human resources
OB. operations
OC. finance
OD. marketing

Answers

Answer:

B. Operations

Explanation:

Karson should consult the operations department to find out if 100 bottles were produced and dispatched to the market, as the operations department would have oversight over such production and shipping tasks.

Why was the Open Door Policy created?

Answers

The Open Door Policy was a policy created by the United States in the late 19th century to ensure that all nations would have equal trading opportunities in China.

At the time, China was a weak and divided country, and several European powers had established "spheres of influence" in different parts of the country, where they had exclusive trading rights. The United States, which did not have a sphere of influence in China, was concerned that it would be shut out of the Chinese market and sought to ensure that all nations would have equal access to Chinese markets.

The policy stated that all nations should be allowed to trade with China on an equal footing, and that no nation should be allowed to establish exclusive control over any part of China. The policy was intended to protect the interests of the United States and other nations that did not have spheres of influence in China and to promote stability in the region.

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ECONOMICS

Which of the following is a primary difference between a privately held corporation and a public corporation? (1 point)
O Shares of privately held corporations are traded on stock exchanges.
O Shares of public corporations are traded on stock exchanges.
Public corporations may issue stock.
O Privately held corporations may issue stock.

Answers

Answer:

A.Shares of privately held corporations are traded on stock exchanges.

B.Shares of public corporations are traded on stock exchanges.

Explanation:

Answer: the answer is B Shares of public corporations are traded on stock exchanges.

Explanation:

The correct answer is b: Shares of public corporations are traded on stock exchanges.

A primary difference between a privately held corporation and a public corporation is that shares of public corporations are traded on stock exchanges. This means that the ownership interests in public corporations, represented by shares of stock, are publicly available for purchase and sale by individual and institutional investors on stock exchanges. The ability to trade shares on stock exchanges provides liquidity and allows for a broader ownership base.

On the other hand, privately held corporations are not traded on stock exchanges. The ownership of privately held corporations is typically limited to a smaller number of individuals, often founders, investors, and employees. The shares of privately held corporations are not available for public trading on stock exchanges. Instead, ownership transfers typically occur through private transactions, such as sales or transfers of shares between existing shareholders.

While both privately held and public corporations may have the ability to issue stock (c), the key distinction is that only public corporations have shares that are traded on stock exchanges (b).

Why is the entrepreneur the most important part of the free enterprise system?

Answers

Because they are prepared to take risks to launch new enterprises, entrepreneurs are crucial to the free market economy. but some do make it, and a few even succeed financially.

What is enterprise system?Large-scale software programmes known as enterprise systems are capable of monitoring and managing all of a company's intricate business activities. For the purpose of business automation, these systems serve as a single command centre that streamlines reporting and decision-making. Systems for managing the supply chain, customer relationships, and business resource planning are a few examples of enterprise systems. Entrepreneurs are crucial because they are ready to take risks in order to launch new enterprises, acting as the engine that drives the free enterprise economy. Nevertheless, a few people make it through and some even succeed financially. resulting in more items, more competitors, increased output, improved quality, and reduced pricing.

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diana is a student studying economics and currently working on her class schedule for next semester. she decides to enroll in a course on economic data analysis because she knows that data analysis is a highly sought-after skill from employers in her career field. weighing what may affect her in the future opportunities demonstrated dependency:

Answers

If she decides to enroll in a course on economic data analysis, she will assess the opportunities that may effect her in the future and how dependency has developed over time.

Economists examine the distribution of resources between production, distribution, and consumption under the premise that people have limitless demands in a world with finite resources.

Microeconomics studies the decisions made by people and firms, while macroeconomics studies the overall, aggregate behavior of the economy.

Greek farmer and poet Hesiod, who lived in the eighth century B.C., is considered one of the earliest economists ever. Hesiod believed that in order to overcome scarcity, it was necessary to manage work, resources, and time effectively. The beginning of the current Western contemporary economic ideas may be traced to Adam Smith's 1776 publication of An Inquiry Into the Nature and Causes of the Wealth of Nations.

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If EBIT equals $200,000 and interest equals $40,000, what is the degree of financial leverage?
A. 5.33x
B. 1.25x
C. .8125x
D. 4.33x

Answers

1.25x is the level of financial leverage if EBIT is $200,000 and the interest rate is $40,000

degree of financial leverage = Ebit / Ebit-interest

                                                = 20/16 = 1.25

Lenders assess interest to borrowers as a proportion of the principle, or lent amount. The typical unit for expressing a loan's interest rate is the annual percentage rate, or APR (APR).

Rates of interest may also apply to the money generated from savings or certificate of deposit accounts at a bank or credit union (CD). An annual percentage return is used to determine the interest on these bank accounts (APY).

In essence, the borrower is charged interest for the use of the asset. Lent assets include money, things for daily use, cars, and real estate. As a result, an interest rate may be thought of as the "cost of money" because it makes borrowing the same amount of money more expensive.

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What is accrual accounting entries?

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Accrual accounting entries recognize revenues and expenses when they are earned or incurred, regardless of when the cash is received or paid.

Accrual accounting is a method of accounting in which revenues and expenses are recorded when they are earned or incurred, rather than when the cash is received or paid.

This method better matches income and expenses to the period in which they were actually earned or incurred. For example, a company may deliver a service in December and invoice its customer in January, but under accrual accounting, the revenue is recorded in December when the service was provided.

Accrual accounting helps to ensure that the financial statements reflect the true performance of the company. Accrual entries are usually made at the end of an accounting period and may include such items as accounts receivable, accounts payable, depreciation, amortization, and interest.

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Which of the following is a characteristic of a scrum master mcq?

Answers

However, as a scrum master you are listening, comprehending, repeating, summarizing, energizing, observing, writing, simplifying, critiquing, suggesting, asserting, chatting, presenting - all in one.

Which of the following is a characteristic of a Scrum Master?

To sum up, Scrum Masters share at least 6 traits: They are responsible, humble, collaborative, committed, influential, knowledgeable. And the first-rate Scrum Masters also recognize when to abide through the rules and when to wreck the rules.

A Scrum master is both a facilitator and educate who helps the Scrum team and broader business enterprise apprehend and practice Scrum principle and practice. The Scrum master helps the Scrum team work extra efficaciously by skillfully doing away with limitations and distractions that may additionally hinder the crew from meeting goals.

Which of the following is a characteristic of a scrum master mcq?responsible, humble, collaborative, committed, influential, knowledgeable.

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An expansionist capacity strategy:
A.can preempt expansion by competitors by announcing a large capacity expansion.
B.reduces the risk of overexpansion based on overly optimistic demand forecasts.
C.meets capacity shortfalls with overtime, temporary workers, subcontracting, and stockouts.
D.lags behind demand.

Answers

An expansionist capacity strategy: (B) .reduces the risk of overexpansion based on overly optimistic demand forecasts.

Lead, lag, and track are three widely used capacity methods. In front of rising demand, a lead capacity plan increases capacity. When a firm is running at or above full capacity, a lag strategy doesn't really increase capacity.

The wait-and-see technique entails falling behind demand and employing short-term solutions to address any deficiencies, such as hiring temporary staff, leasing land and barns, and buying feed.

A larger capacity makes a company more resilient and helps it be ready for future expansion. However, it's crucial to have a plan. Some businesses make the mistake of trying to expand too quickly and struggle to fulfill orders, which affects other departments.

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What is the most effective way to assign the tasks?

Answers

To assign a tasks through the team members, we have to held a discussion.   We have to talk about  availability, priorities, deadlines, ask them which tasks they would like to work on.

Team task management generally can be defined as the process of creating a detailed plan, outlining how your team will complete them, and also schedule of tasks for a project.

Task team also known as action group generally can be defined as a group of people joined temporarily or permanently  to be engaged into some project (or known as collective action) or also to accomplish some task.

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________ is not a part of the technology of "clean coal."

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The technique of "clean coal" DOES NOT include the removal of carbon content from coal prior to burning. As one of the cleanest forms of coal to burn, anthracite produces less smoke than other varieties and is thus utilized for space heating.

With regard to carbon capture and storage, a cutting-edge theoretical procedure that would completely remove or greatly reduce carbon dioxide emissions from coal-based facilities and permanently sequester them, the industry phrase "clean coal" is being used more frequently. The term "clean coal" is a misnomer. An overview of the mining, production, delivery, and disposal of coal demonstrates the impossibility of "clean coal." There is no way to completely offset the terrible effects coal has on the environment, human health, and the climate. Although carbon capture and storage (CCS) is technically feasible, upgrading outdated facilities and building new infrastructure is expensive. The combustion of coal also has additional risks.

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The greater the ________ of a purchase, the higher the consumer's level of involvement will be.A) perceived riskB) cognitive dissonanceC) psychographicsD) heuristicsE) targeting

Answers

The greater the  of a purchase, the higher the consumer's level of involvement will be perceived risk.

The subjective assessment that people have of a risk's qualities and seriousness is known as risk perception. Real dangers are perceived differently because they are influenced by a variety of emotive, cognitive, environmental, and individual factors.

When there are large disparities between brands as well as when the consumer is heavily involved throughout the purchase, complex buying behavior emerges. The acquisition of a new house or a computer may be related to this behavior.

Therefore, the correct answer will be option (A)

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A forecast that projects a company's sales is a. an environmental forecast. b. a demand forecast. C. an economic forecast. d. a technological forecast.

Answers

A demand forecast is a prediction of a company's sales.

The process of predicting future consumer demand over a set time period is known as demand forecasting. (demand forecast). Demand forecasting often uses historical data and other analytical information to produce the most accurate estimates. With the help of a process called demand forecasting, it is possible to predict business needs for a certain good or service. By anticipating future sales, demand forecasting enables organisations to optimise inventory. Demand managers may make well-informed company decisions about anything from inventory planning and warehousing requirements to running flash sales and satisfying consumer expectations by reviewing past sales data.

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3. The discount rate is the
A. targeted inflation rate for an economy
B. nominal interest rate charged by financial intermediaries when they advance loans.
C. interest rate that the Fed charges on the loans it makes.
D. ongoing taxation rate in an economy.
4. The main liability on the Federal Reserve's balance sheet is
A. capital. B. the monetary base. C. securities. D. discount loans.
5. Third Bank has reserves of $12.3 million and transaction accounts of $115 million. If required reserves are 10 percent of transactions accounts, Third Bank has excess reserves of
A. $0. B. ?$0.8 million. C. $0.08 million D. $0.8 million

Answers

The discount rate is the interest rate that the Fed charges on the loans it makes. The main liability on the Federal Reserve's balance sheet is discount loans.

The current value of money paid or received in the future is determined using discount rates.In the cost-benefit analysis, this calculation is used to convert all project-related economic flows into a single year's worth of dollars so that costs and benefits can be compared.

The rates used are typically around 10%, but you should compare them to rates between 5% and 15% to see if the discount rate affects the project's viability. The World Bank or the concerned nation's government define it. The rate of return that financial institutions will experience when they repay the loans they have granted to other institutions is called the discount rate. The amount of money that needs to be worth in order for a financial institution to be able to use that amount of money is called the present value of that amount. The net present value of the money that an institution plans to lend, invest, or spend is determined using the discount rate, allowing the institution to make the best decision for their business.

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A major challenge in inventory management is to maintain a balance between inventory investment and customer service.

Answers

A major challenge in inventory management is to maintain a balance between inventory investment and customer service.

Businesses may decide which products to order when and in what amounts by using inventory management. Inventory is monitored from the time that products are purchased until they are sold. In order to ensure that there is always enough inventory to fulfil customer orders and that there is timely warning of a shortage, the approach recognises patterns and responds to them.After being sold, inventory becomes a source of revenue. Even while inventory is shown on the balance sheet as an asset, it still requires upfront payment. Therefore, owning too much stock causes costs and reduced cash flow.One indication of efficient inventory control is inventory turnover.  

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The complete question is here:

A major challenge in inventory management is to maintain a balance between inventory investment and customer service.

True (Introduction, easy)

A domestic shoe company distributes running shoes and tennis shoes for $95 per pair to it domestic shoe retailers. The marginal cost of producing a pair of running shoes is $60 and the marginal cost of producing a pair of tennis shoes is $45. Ignore any potential issues of bundling the two types of shoes together as part of the sale and any competitive effects that international sales might have on current domestic sales. A Chinese retailer offers to purchase running shoes for $55 per pair and tennis shoes for $55 per pair, for distribution in China. Is the marginal revenue from selling running shoes to the Chinese retailer greater or less than its marginal cost? a. Marginal revenue from selling running shoes to the Chinese retailer is equal to its marginal cost. b. Marginal revenue from selling running shoes to the Chinese retailer is less than its marginal cost. c. Marginal revenue from selling running shoes to the Chinese retailer is not provided in the question above. d. Marginal revenue from selling running shoes to the Chinese retailer is greater than its marginal cost.

Answers

b). The marginal revenue from selling running shoes to the Chinese retailer is less than its marginal cost.

A financial and economic calculation that determines how much revenue a company earns for each additional unit sold is known as marginal revenue. The marginal revenue from selling running shoes to the Chinese retailer would be the price of the shoes minus the marginal cost of producing them.

In this case, the price of the shoes is $55 and the marginal cost is $60, so the marginal revenue would be $55-$60=-$5. This is less than the marginal cost, so it is not profitable for the company to sell running shoes to the Chinese retailer.

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Question1:
according to TCPS 2, the amount of financial compensation or an incentive that is offered to participants must be directly proportional to the level of risk imposed on them by the research. True or false
Question 2: Which of the following statements is/are true (select all that apply)? a. Some individuals are fundamentally vulnerable, and therefore, they should be excluded from most research projects.
b.In general, research involving participants who are pregnant should be avoided because of the risks it may present. c. In general, research involving participants living in low- or middle-income countries should be avoided because the power relationship between the researchers and the participants may impede voluntary consent. d.Individuals of advanced old age sometimes should be excluded from research when the burden of participating in research is greater than the potential benefits to them. e. Some communities are fundamentally vulnerable, and therefore, they should be excluded from most research projects.

Answers

1. False. According to TCPS 2, the amount of financial compensation or an incentive that is offered to participants must be directly proportional to the level of risk imposed on them by the research.

2. When it comes to research the statement that is true is that : Individuals of advanced old age sometimes should be excluded from research when the burden of participating in research is greater than the potential benefits to them. Option D

What is a research?

"Creative and methodical work undertaken to increase the stock of knowledge" is what research is. It entails gathering, organizing, and analyzing data in order to better understand a subject, and is distinguished by a particular focus on identifying and eliminating sources of bias and error.

Research is a methodical process of inquiry that involves gathering data, recording important information, and then analyzing and interpreting that data and information in accordance with appropriate methodologies established by particular academic and professional disciplines.

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Suppose your role at an insurance firm is to enlist 100 individuals per year in health insurance. You would most likely be classified as a(n):

Answers

Suppose your role at an insurance firm is to enlist 100 individuals per year in health insurance. You would most likely be classified as a american revolution .

Between 1765 and 1791, british america underwent a philosophical and political change known as the american revolution. The Thirteen colonies' americans drafted free expresses that decimated the british throughout the american war. American homesteaders complained about being burdened by the British Parliament.

A body they had no direct representation in. Before the 1760s, the british colonies in America enjoyed a high degree of internal autonomy, which was individually represented by numerous legislative organisations. In any case, during the 1760s, the british parliament implemented a number of measures intended to gradually integrate the economies of the states with those of britain and bring the american provinces under more direct control of the british metropole.

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Supply-side rationing is also referred to as:

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Planned rationing, also known as supply-side rationing, is a practise typically used by governments to control access to expensive medical equipment and services.

Planned rationing, often referred to as supply side rationing, entails steps like licensing hospital beds, regulating the medical device and pharmaceutical industries, limiting enrollment in nursing and medical schools, and only offering some immunisations at no cost. Medical technology and pharmaceutical market regulation, admission restrictions to nursing and medical schools, the provision of just a limited number of immunisation vaccinations without charge, hospital bed licencing, and other strategies are examples of supply-side rationing methods.

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What is the advantage to knowing in advance the attitudes of audience members?

Answers

By being aware of the audience's viewpoints on an issue, a speaker can determine the best course of action to take in order to achieve their goals.

What are audience members?

A speaker can choose the best strategy to accomplish their objectives by understanding the opinions of the audience on a subject.

Imagine that a speaker is attempting to persuade the neighborhood to create a park.

The majority of the speech would likely be spent by the speaker outlining the advantages a park would have for the neighborhood.

An audience member is someone who is present during a public body meeting.

The term "audience member" refers to a person present at a government body meeting.

Therefore, by being aware of the audience's viewpoints on an issue, a speaker can determine the best course of action to take in order to achieve their goals.

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What 3 things make a business successful?

Answers

He suggested that All successful firms have three things in common: great vision, great money planning, and great people.

What elements affect a business' success?

Customer satisfaction and a positive client experience are highly valued by the most successful businesses. The first stage is to create the items and services that clients want. But focusing on your customers goes beyond just your products. Customers are tired of calling phone menus and dealing with businesses through automated chatbots.

What factors determine success?

Once you recognize your love for your work, everything in your life and career will start to make sense. As the value of your work increases, taking risks will become vital. Failures serve as lessons, and challenges present opportunities. Imagination, inventiveness, and flexibility.

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If project A has a lower payback period than project B, this ma Sa lower payback period than project B, this may indicate that project A may have a A) lower NPV and be less profitable. B) higher NPV and be less profitable. higher NPV and be more profitable. D) lower NPV and be more profitable.

Answers

If a project has a lower payback period than project B, this may indicate that project A may have a higher NPV and be more profitable.

Having a lower payback period is a major benefit for any business. A lower payback period indicates a quicker return on investment, allowing you to reinvest those profits into other aspects of your business. This can result in increased productivity, efficiency, and profitability over the long run.

Additionally, a lower payback period often requires fewer upfront costs, freeing up capital that can be used elsewhere. Ultimately, a lower payback period is beneficial for any business looking to maximize their profits and increase their operational efficiency.

Hence, the correct option is "C".

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Decisions related to allocating expenses include: (Check all that apply).O how to allocate service department expenses O how to allocate indirect expensesO how to allocate direct expenses O how to allocate operating department expenses

Answers

The correct option is A.  Decisions related to allocating expenses include how to allocate service department expenses.

An expense is an item requiring an outflow of money, or any form of fortune in popular, to every other character or group as payment for an object, service, or other class of prices. For a tenant, rent is a rate. for college students or dads and moms, training is a price. shopping for food, apparel, furnishings, or a car is often known as a rate. A fee is a fee this is "paid" or "remitted", usually in exchange for something of the fee. something that appears to price an exceptional deal is "highly-priced". something that seems to feel little is "less expensive". "expenses of the desk" charges for eating, refreshments, a banquet, etc.

In accounting, price is any particular outflow of coins or different valuable property from someone or an employer to another person or company. This outflow is commonly one facet of a change for products or services which have equal or higher modern or future costs to the purchaser than to the seller. Technically, a rate is an event in which a proprietary stake is faded or exhausted, or a legal responsibility is incurred. In terms of the accounting equation, prices reduce proprietors' equity.

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What are the factors that influence internal factors?

Answers

External elements that can have an impact on internal factors include economic conditions, technological advancements, geopolitical developments, legal and regulatory changes, customer preferences, and competition.

What external elements have an impact on internal factors?External elements can have a significant impact on internal factors. The external environment is made up of numerous elements such as the economy, political environment, technological advances, and the competition. Each of these elements can have an impact on internal factors.The economy can have a major influence on internal factors such as sales, profits and expenses. When the economy is strong, businesses may have an easier time increasing sales and profits. However, when the economy is weak, businesses may struggle to stay afloat and may need to make cuts to their expenses.Technological advances can also have an impact on internal factors. Businesses need to stay up to date with the latest technology if they want to remain competitive. Failure to do so can leave a business at a disadvantage compared to its competitors.Finally, competition can also have an impact on internal factors. Competition can drive down prices and force businesses to become more innovative and efficient. Companies that are unable to compete may be at risk of going out of business.

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Question 6 of 10
Which of the following is a best practice for accountants when using the
telephone at work?
A. rehearse what they will say before calling.
OB. speak as quickly as possible to avoid wasting time
OC. wait a few seconds before answering the phone
OD. avoid putting the caller on hold for any reason

Answers

Answer:

OD. Avoid putting the caller on hold for any reason.

Explanation: It will irritate the caller, then they can report you or get you fired.

Hope this helps!

Answer: D. avoid putting the caller on hold for any reason

Explanation: When it comes to using the telephone at work, accountants should follow certain best practices to ensure effective communication and maintain professionalism. One of these best practices is to avoid putting the caller on hold for any reason, if possible.

Putting a caller on hold can be seen as disrespectful and can give the impression that their time is not valued.  However, there may be situations where putting a caller on hold is necessary, such as when the accountant needs to retrieve information or consult with a colleague.  In such cases, it is important for the accountant to inform the caller about the reason for the hold and provide an estimated time for the hold.

By avoiding putting the caller on hold for unnecessary reasons, accountants demonstrate professionalism, respect, and good customer service.  It helps to create a positive experience for the caller and maintains a good reputation for their business.  Accountants should strive to handle calls knowledgeably, efficiently and provide assistance promptly to ensure effective communication and customer satisfaction.

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banks hold people's cash for free, and sometimes even pay for the privilege of holding it, because:

Answers

Banks hold people's cash for free, and sometimes even pay for the privilege of holding it, because deposits allow banks to make profitable loans.

Banks may keep deposits on hand for a variety of reasons, but they often do so to close the account from your account from being refunded. In other words, before granting you access to the cash, the bank needs to make sure that the transaction is valid.

The amount you deposit may need to be transferred from the payer's bank to your bank over a period of days, based on the type of deposit involved. In the meanwhile, putting a hold on either of those deposited funds enables the payment to pass through your account. Without a hold, you might use your debit card to write cheques, pay bills, or make purchases using your available funds. Your bank would be liable for such expenses if the cheque you placed was ultimately returned due to insufficient funds.

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What are the 3 types of credits?

Answers

The three main types of credit are revolving credit, installment, and open credit.

One sort of credit that has a capped limit and can be utilized up until you hit the set barrier is a line of credit. Although there may be a set repayment schedule, it usually only consists of the regular minimum installments.

A credit card would be a good example because it has a ceiling on how much you can spend on it (the credit card limit), and you can use it as much as you like until you do (then over-limit fees apply). Another illustration is a HELOC (Home Equity Line of Credit).

Another form of credit with a set payment schedule for a predetermined time period is an installment loan. A automobile loan is an example of an installment loan; you are obligated to make regular payments of a certain amount (for instance, $280 per month) until the debt is completely repaid. Mortgages, student loans, and term loans are some further examples.

Open credit is a sort of credit that needs to be paid in full every time a period, such every month, passes. Similar to a credit card limit, there is a maximum amount you can borrow, but you must repay the entire amount borrowed at the end of each period.

An illustration of this would be a cellphone bill. You can make calls, send texts, and use data each month, but you must pay for the services you used at the end of the month (including any additional usage fees). Utility bills would be another illustration (such as electricity usage in your household).

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Which of the following services are considered to be consulting services?Personal financial planning, Tax representation, Personal tax planning?

Answers

The services are considered to be consulting services in Personal financial planning. Thus the correct option is A.

What are consulting services?

A consulting service is referred to as a kind of service that offered suggestions or guidance over the planning or execution of funds in the form of investment which helps in better results.

It helps an individual to decide or design a roadmap about what things will be required in order to perform business operations and to manage the funds effectively in order to obtain better revenue.

Therefore, option A is appropriate.

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Some sources of assistance for helping an entrepreneur with starting, running, and staying in business
Brendon Walsh wants to borrow $30,000 from the bank. The interest rate is 6% and the term is for 5 years.

What is the amount of interest paid?

Answers

The amount of interest paid by Brendon Walsh is equal to $9,000.

How to calculate simple interest?

Mathematically, simple interest can be calculated by using this formula:

S.I = PRT or S.I = A - P

Where:

S.I represents the simple interest.P represents the principal or starting amount.R represents the interest rate.A represents the future value.T represents the time measured in years.

Substituting the given parameters into the simple interest formula, we have;

S.I = 30,000 × 6/100 × 5

S.I = 30,000 × 0.06 × 5

S.I = $9,000.

In conclusion, we can logically deduce that the amount of money paid as interest by Brendon Walsh is $9,000.

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