You have $65 in your savings account at the beginning of a month. The bank pays you2.75% interest on this account each year; interest payments are made each month.
Assuming you make no deposits or withdrawals over the next month, how much
interest will you earn during the month?

Answers

Answer 1
Answer:

Answer:

$0.15

Explanation:

Interest is calculated using the formula below.

I = P x i x t

where I = interest

P= principal amount.

i=interest rate

t=time

Interest is given as an annual percentage. A 2.75 % interest will translate to 2.75/100 divided by 12 monthly interest. Therefore, the applicable interest rate is 0.00229 %

interest for the month will be

i=$65 x 0.00229 x 1

=$0.14895

=$0.15


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The Item column of the ledger account for the opening first entry for the ledger accountsshould contain the
A. word Cash.
c. account title.
B. words Opening Entry.
d. word Balance.

Answers

The first item in the ledger account's Item column for the opening entry should be the account title. This provides a clear description of the account's purpose. Following entries will include transaction details.

  • The question relates to the first item that appears in the Item column of the ledger account when making the first entry for the accounting period, otherwise known as the opening entry.
  • Typically, the first item in the ledger account should be the account title.
  • This means that the correct choice would be 'c. account title'.
  • The account title provides a clear description of what the account is used for.
  • The subsequent entries would then usually involve transactional details including the date, description, debit, credit, and running balance.

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It's either Opening Entry or Account title following this order

Who, what, and When.
Who would be the company or the person's name
What would be if it's a balance sheet, income statement, Chart of accounts, or trial balance.
When is the date.

Example

Stockholm's Company
Balance Sheet
February 1, 2015

Edward is considering a career managing his family's citrus grove. Which club might he be most interested in based on his career goals? HOSA: Health Occupations Students of America TSA: Technology Student Association FFA: An association of Agriscience and Natural Resources students CECF: Cooperative Education Clubs of Florida

Answers

i think it would be FFA because that has to do with agriculture and farming etc. hope i helped!

Answer:

Obviously FFA

Explanation:

A geologist digs two soil pits to investigate the soil profile in an area. The pits are separated by 500 meters. A geologic map indicates that the bedrock in the two areas is the same. In Pit A, the soil layer is much thicker than in Pit B. What most likely accounts for this difference?

Answers

Answer:

Pit A is located on a valley floor while Pit B is along a hillside.

Jamal is part of a management group that is examining whether his company, State Engineering, should offer some important new services that would broaden its business by appealing to a different group of potential clients. Jamal's group is involved with:

Answers

Answer:

strategic planning

Explanation:

In simple words,  Strategic preparation refers to the method of tracking your local small company and setting a pathway — by determining where you're actually at and where you are heading.

Such  strategic plan provides a facility to archive your purpose , dream, and principles, and also your long-term objectives and the formative assessments you will be using to accomplish them.

The importance of management is based upon what

Answers

The importance of management is based upon the economical and effective strategic planning & regulation of operations of an enterprise to  fulfill the  given purposes.

To learn more of the importance of management, see attached file.

Management is important for the growth of an organization and its success. Management is essential for organizing, leading, and controlling the resources of the organization. The importance of management can be based upon the following:Planning: Planning is the most important function of management. Planning helps in determining the goals and objectives of the organization. It involves developing policies, procedures, rules, regulations, and programs to achieve these objectives. Planning is a necessary process as it helps to achieve the goals and objectives of the organization.Organizing: Organizing is another important function of management. It involves determining the resources needed to achieve the objectives of the organization. Organizing involves developing a structure that helps in the smooth flow of information and helps to achieve the goals of the organization.Leadership: Leadership is important in management as it helps to influence and motivate people to achieve the goals of the organization. Leadership involves inspiring, guiding, and directing people to achieve the objectives of the organization.Controlling: Controlling is the last function of management. It involves measuring the performance of the organization and taking corrective measures to improve the performance of the organization. Controlling helps in evaluating the performance of the organization and taking corrective measures to achieve the objectives of the organization.In conclusion, management is important for the growth and success of the organization. Management helps in planning, organizing, leading, and controlling the resources of the organization. These functions help in achieving the goals and objectives of the organization.

Which of the following actions would the Federal Reserve most likely take to rein in spiraling inflation? Generate more money

Increase reserve requirement

Lower the discount rate

Buy of government securities



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Question 2 (Multiple Choice Worth 5 points)

[04.04MC]

Which of the following actions would the Federal Reserve most likely take during an economic recession?

Increase reserve requirement

Raise interest rates

Lower discount rate

Sell government secur

Answers

The right answer for the question that is being asked and shown above is that: "Increase reserve requirement." The action that would the Federal Reserve most likely take to rein in spiraling inflation is that of Increase reserve requirement.

The right answer for the question that is being asked and shown above is that: "Increase reserve requirement." 

Final answer:

The Federal Reserve could increase reserve requirement to control inflation by restricting money supply, and lower the discount rate during an economic recession to stimulate spending and economic activity.

Explanation:

To rein in spiraling inflation, the Federal Reserve would most likely increase reserve requirement. This means they would require banks to hold a larger portion of their assets in reserve, thus decreasing the amount available to lend, stifling the supply of money, and helping to control inflation.

On the other hand, during an economic recession, the Federal Reserve would most likely take the opposite approach. To stimulate the economy, they would likely lower the discount rate. This move would make it cheaper for banks to lend money, thereby encouraging consumer and business spending and potentially help stimulate the economy out of recession.

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