5. a. How will the CERB and the US stimulus package impact the
Multiplier effect in Canada and the US
b. What is the difference between Free trade and Protectionism
Answers
a. creates jobs and boosts the economy's growth, resulting in a larger multiplier effect. b.Free trade is an economic concept in which goods and services are exchanged across international borders with no restrictions imposed by governments.Protectionism's aim is to protect domestic industries,
a. How will the CERB and the US stimulus package impact the multiplier effect in Canada and the US?The Multiplier Effect refers to the rise in final income as a result of any new injection of spending.
The new spending becomes income for other people, who then also spend some of it, which in turn becomes income for others, and so on. The process continues until the entire increase in spending is used up.
The Canadian Emergency Response Benefit (CERB) and the US stimulus package would have a substantial impact on the multiplier effect in both countries.
The increase in government spending on programs such as these would increase people's disposable income, resulting in a rise in consumer spending. This spending, in turn, creates jobs and boosts the economy's growth, resulting in a larger multiplier effect.
When the economy is under performing, as it is now, the multiplier effect is particularly important because it can help to stimulate economic growth and alleviate the effects of a recession. However, the multiplier effect may be lower if the spending isn't focused on the areas of the economy that would have the most significant impact on growth. The effectiveness of the CERB and US stimulus package in boosting the economy will be determined by how it is implemented.
b. What is the difference between Free trade and Protectionism?
Free trade is an economic concept in which goods and services are exchanged across international borders with no restrictions imposed by governments. The goal of free trade is to promote economic growth and development, as well as to increase competition and lower prices for consumers.
Free trade does this by lowering the barriers to trade, such as tariffs and quotas, that governments impose to protect domestic industries from foreign competition.Protectionism, on the other hand, is an economic policy that seeks to protect domestic industries from foreign competition.
Tariffs, quotas, and other barriers to trade are imposed by governments to protect their own industries and products. Protectionism's aim is to protect domestic industries, safeguard jobs, and increase domestic output. Protectionist measures, however, typically result in higher prices for consumers, lower quality goods and services, and reduced economic growth overall.
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Related Questions
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
Answers
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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Pool Corporation, Inc., is the world's largest wholesale distributor of swimming pool supplies and equipment. It is a publicly traded corporation that trades on the NASDAQ exchange under the symbol POOL. It sells these products to swimming pool repair and service businesses like Penny's Pool Service & Supply, Inc., swimming pool builders, and retail swimming pool stores. The majority of these customers are small, family-owned businesses like Penny's. Its trial balance and additional information adapted from a recent year ended December 31 are presented below. All numbers are in thousands.
Cash and cash equivalents $ 17,487 Receivables, net 110,555 Product inventories, net 386,924 Prepaid expenses and other current assets 23,035 Property and equipment, net 41,394 Intangible assets 188,841 Other noncurrent assets, net 30,386 Accounts payable $ 177,437
Accrued expenses and other current liabilities 53,398
Current portion of long-term debt 22
Long-term debt 247,300
Other long-term liabilities 40,719
Common stock 47
Additional paid-in capital 173,180
Retained earnings 34,526
Net sales 1,793,318
Cost of sales 1,261,728 Selling and administrative expenses 406,523 Interest expense 7,755 Provision for income taxes 45,319 $ 2,519,947 $ 2,519,947
Required:
1-a. Prepare a classified income statement (with earnings per share) for the current year. Number of shares outstanding used in computation of earnings per share was 48,158. (Enter your answers in thousands. Round "Basic earnings per share" to 2 decimal places.)
1-b. Prepare a classified balance sheet for the current year. (Amounts to be deducted should be indicated by a minus sign. Enter your answers in thousands.)
Answers
Certainly! Here's a breakdown of the classified balance sheet:
Assets:
- Cash and cash equivalents: $17,487 thousand
- Receivables, net: $110,555 thousand
- Product inventories, net: $386,924 thousand
- Prepaid expenses and other current assets: $23,035 thousand
- Property and equipment, net: $41,394 thousand
- Intangible assets: $188,841 thousand
- Other noncurrent assets, net: $30,386 thousand
Liabilities:
- Accounts payable: $177,437 thousand
- Accrued expenses and other current liabilities: $53,398 thousand
- Current portion of long-term debt: $22 thousand
- Long-term debt: $247,300 thousand
- Other long-term liabilities: $40,719 thousand
Equity:
- Common stock: $47 thousand
- Additional paid-in capital: $173,180 thousand
- Retained earnings: $34,526 thousand
To present this information in a classified balance sheet format, we organize the assets, liabilities, and equity into separate sections, typically in the following order:
Assets:
- Current Assets
- Cash and cash equivalents
- Receivables, net
- Product inventories, net
- Prepaid expenses and other current assets
- Property, Plant, and Equipment
- Property and equipment, net
- Intangible Assets
- Intangible assets
- Other Assets
- Other noncurrent assets, net
Liabilities:
- Current Liabilities
- Accounts payable
- Accrued expenses and other current liabilities
- Long-Term Liabilities
- Current portion of long-term debt
- Long-term debt
- Other long-term liabilities
Equity:
- Common stock
- Additional paid-in capital
- Retained earnings
Please note that this is a simplified example, and in practice, the classified balance sheet may contain additional sections or categories based on the specific reporting requirements and accounting standards applicable to the company.
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Which of these statements about a business plan is true?
A. Businesses do not need to document a business plan.
B. Established businesses do not create a business plan.
C. A business plan is a business’s roadmap for the future.
D. A business plan guarantees a business’s success.
Answers
Answer:
The correct answer would be option C, A business plan is a business's road map for the future.
Explanation:
A business plan is basically a written document, in which the goals of the company are written down. The methods to achieve those goals are also written down and the time to achieve the goals are specified. Goals with timelines and deadline are written. This helps a business in setting up a road map to move towards the set goals of the company. Established businesses always create and follow business plans as business plans guarantee a business's success.
Answer: C. A business plan is a business’s roadmap for the future.
Suppose that the demand curve for chairs in Euroland is given by QD = 800,000 − 6,000P, and that the supply curve is given by QS = 14,500P - 225,000. The equilibrium price is €50. The government is thinking about imposing a tax of €10 on chairs. The price received by suppliers after the tax is
Answers
Answer:
€57.07
Explanation:
Given that:
The equilibrium price = € 50
Suppose that the government is imposing tax of €10 on chairs;
Then:
QS = 14500(P-10) - 225000
QS = 14500P- 145000 - 225000
QS = 14500P - 370000
Now, we have to equate QD with the new QS
By equating both together, we have:
800000 - 6000P = 14500P - 370000
Collect like terms
800000 + 370000 = 14500P + 6000P
1170000 = 20500P
Making P the subject of the formula;
P = 1170000/20500
P = € 57.07
This implies the price received by suppliers after the tax is €57.07.
A REIT is a type of closed-end mutual fund that focuses on:
a. regular earnings.
b. high real returns on investment for shareholders.
c. real estate.
d. rollover equities.
Answers
A REIT is a closed-end mutual fund that focuses on real estate (Option c). It allows investors to invest in income-producing real estate, providing diversification, regular income, and potential appreciation.
The REIT is a type of closed-end mutual fund that focuses on real estate. A REIT, or Real Estate Investment Trust, is a kind of investment vehicle. It owns and operates income-producing real estate. To qualify as a REIT, a company must comply with specific standards. For example, it must have a minimum of 100 shareholders, and 90% of its taxable profits must be paid to shareholders as dividends.
It allows investors to invest in portfolios of commercial real estate, which is not always feasible for most individual investors. Additionally, REITs offer investment diversification, regular income, and the potential for long-term appreciation.
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You see Paul dealing with Susan, an upset employee from another department. Susan is complaining about something that your department was supposed to do but didn't. You are in a back room and have not been seen by Susan. Paul is obviously frustrated and unable to deal with Susan effectively. You should:
a. Walk up to the pair and attempt to change the conversation.
b. Introduce yourself to Susan and offer your assistance.
c. Ask your supervisor to offer some interpersonal skills training to Paul.
d. Tell Paul that Susan is needed by the supervisor to end the situation.
Answers
a. a company that is already big and wants to grow bigger needs to recognize the shortcomings of a functional structure in such a situation and proceed with shifting to a divisional structure. b. divisional structure versus functional structure may be an incorrect framing of the issue. apple needs to look at ways to combine the best collaborative and innovative attributes of a functional structure with the superior organization of a division structure. c. operating on a functional basis is what got apple to where it is with its successful collaboration in bringing sought-after products to the market. with its past in mind, changing to a division structure is just too difficult and potentially dangerous for apple.
Answers
Divisional structure versus functional structure can be an incorrect framing of the issue. Apple needs to look at ways to combine the best collaborative and innovative attributes of a functional structure with the superior organization of a division structure.
What is Divisional structure?
Divisional structure is a type of organizational structure in which an organization is divided into multiple divisions based on its products, services, markets, or other factors. Each division is managed by a divisional manager who is responsible for the operations, performance, and strategic planning of that division. Each division is typically responsible for its own profits and losses, and operates independently from the other divisions.
What is Functional structure?
Functional structure is a common type of organizational structure in which the organization is divided into smaller groups based on specific functions such as marketing, finance, and production. Each of these functions is managed by a functional manager who is responsible for the performance of that particular function. This type of structure allows for specialization within the organization and increases efficiency.
Therefore the correct option is Option A.
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In business writing, the main idea of a written work should be located _____. a. at the end of the first paragraph b. in the body of the document c. at the beginning of the first paragraph d. in the salutation of the document
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In business writing, the main idea of a written work should be located at the beginning of the first paragraph.
What is the business letter?A Business letter contains major three parts that are beginning, body part, and ending a paragraph with saluation. Here, in the initial paragraph, it is required to mention about the introduction and purpose for which letter is written.
Therefore, readers would get to know what must be expected from further parts of the letter.
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Answer:
C
Explanation:
Which level of government are Planning workers most likely to work for?
A) state
B) federal
C) local
D) international
Answers
The level of government is Planning workers most likely to work for local. Thus, the correct option is (C).
A single sovereign state's lowest levels of public administration are collectively referred to as "local government" in the United States.
When the word "government" is used in this context, it explicitly alludes to a level of bureaucracy that is geographically confined and has a set of responsibilities.
A variety of essential services for residents and companies in certain areas are handled by the local government.
Therefore, the correct option is "C".
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Please help with all 3 bullet points
You have been invited to speak to a group of Managers at Paychex about increasing the business’s commitment to improved employee health benefits by increasing the opportunity to work remotely.
How will you appeal to their pathos?
How will you appeal to their ethos?
How will you appeal to their logos?
Answers
To appeal to the managers' pathos, I would emphasize the positive impact of remote work on employees' well-being, work-life balance and overall happiness.
How can remote work benefit employees' well-being and happiness?As managers, we must recognize the profound influence of employee well-being on their productivity and loyalty. By increasing the opportunity of work remotely, we offer employees a better work-life balance and flexibility.
This lead to reduced stress levels, increased job satisfaction and improved mental health. Remote work allows employees to save commuting time, spend more quality time with their families and achieve a greater sense of control over their lives.
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how do basic level occupation help society
Answers
Answer:
A job, employment, work or occupation, is a person's role in society. More specifically, a job is an activity, often regular and often performed in exchange for payment ("for a living"). Many people have multiple jobs (e.g., parent, homemaker, and employee). A person can begin a job by becoming an employee, volunteering, starting a business, or becoming a parent. The duration of a job may range from temporary (e.g., hourly odd jobs) to a lifetime (e.g., judges).
Basic level occupation can help our society in many ways. One of them is agricultural. A further explanation is provided below.
Agriculture would be essential employment across the globe even though it's the foundation or the core of all certain vocations, even though people must live.Otherwise, there'll be no significant population for any other activity, resulting in highly impoverished as well as uneducated people throughout the planet."
There are many jobs that a person can do like employee, homemaker, etc. A person can start his career with such jobs.
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The flowchart above illustrates which type of organizational message?
a.
upward
b.
lateral
c.
grapevine
d.
downward
Answers
Answer:
upward is the correct answer
you are directed to taxi to runway 10. you see this sign at a taxiway intersection while taxiing. which way should you proceed?
Answers
Sign 1 is directly in front of you on the opposite side of the intersection, and Sign 2 is on the right side of the aeroplane as you taxi.
A directional sign is a yellow airport sign with black letters and a black arrow. The black arrow directs you toward the taxiway that you want to use to get there. Before the intersection, there will always be directional airport signs with black text on the left side of the taxiway, according to the FAA.
Depending on where they are at the junction, clockwise, they are sorted from left to right. For numbered signs, the same colour restrictions apply; the numbers simply indicate a runway rather than a taxiway.
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Which pair of accounts follows the rules of debit and credit in relation to increases and decreases in the same manner?
a. Dividends Payable and Rent Expense
b. Utilities Expense and Notes Payable
c. Prepaid Insurance and Advertising Expense
d. Service Revenue and Equipment
Answers
c. Prepaid Insurance and Advertising ExpenseThe pair of accounts that follows the rules of debit and credit in relation to increases and decreases in the same manner is c.
Prepaid Insurance and Advertising Expense. Prepaid Insurance is an asset account that represents insurance premiums paid in advance. When an entity pays for insurance coverage in advance, it debits the Prepaid Insurance account to increase it. As time passes or insurance coverage is utilized, the Prepaid Insurance account is gradually decreased by crediting it. Advertising Expense, on the other hand, is an expense account that records the costs incurred for advertising activities. When an entity incurs advertising expenses, it debits the Advertising Expense account to increase it. As the advertising expenses are recognized or allocated over a period of time, the Advertising Expense account is gradually increased by debiting it. In both cases, the accounts are initially increased with a debit entry and subsequently decreased in the same manner with a credit entry.
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On June 1, 2019, 4,000 shares of $10 par value common stock are issued in exchange for new equipment. The equipment has a fair market value of $116,000. In recording this transaction, what amount should be allocated to APIC - CS?
Answers
Answer:
$76,000
Explanation:
Equipment Fair Value = $116,000. Thus, total value of shares issued is same.
No of common shares issued = 4,000
Price per share issued = 116,000/4000 = $29/shares
Par value per share = $10
Total Par Value of Shares issued = 4,000*$10 = $40,000
Amount in excess of par per share = $29 - $10 = $19
Total Amount to be credited in APIC-CS = $19 * 4000 = $76,000. Thus, amount to be allocated to Additional Paid In Capital-CS = $76,000.
commercial banks hold deposits and
Answers
An individual consumes products X and Y and spends $36 per time period. The prices of the two goods are $3 per unit for X and $2 per unit for Y. The consumer in this case has a utility function expressed as:
U(X,Y) = .5XY
a. Express the budget equation mathematically by plugging in the given information. Use capital letters and a single space between operators.
b. Determine the values of X and Y that will maximize utility.
c. Determine the total utility that will be generated per unit of time for this individual. (no decimals)
Answers
Answer:
a) 3X + 2Y = 36
b) X = 6 , Y = 9
c) 27
Explanation:
Individual consumes : X and Y
Spends : $36 per time period
unit cost : $3 per unit for X
$2 per unit for Y
utility function : U( X, Y ) = .5XY
A) Budget equation mathematically
X* Px + Y* Py = M
3X + 2Y = 36
Px and Py = unit cost for X and Y
M = Total spent ( revenue )
b) Values of X and Y that will maximize utility
Maximum utility ( MRS ) = Px / Py ,
MRS = MUx / MUy
= Y/X = 3/2
∴ 2Y = 3X
From BC : 6X = 36 ( X = 6 plug into mathematically equation above )
∴ X = 6 , hence Y = 9
c) Total utility generated per unit of time
U( X,Y ) = .5XY
= 0.5 * 6 * 9 = 27
Why would a business choose to be a private limited company?
Answers
Answer:
Stability due to Limited Liability: Private Limited Company has this feature of limited financial liability of all the shareholders. The liabilities are limited to their shares only. This feature protects the personal assets and income of shareholders at times of any financial crisis faced by the company.
cos of the limited liability of it's share holders.
easier to maintain
it's flexible Management structure
easier to raise capital
it's protection from creditors
What is vulnerability? Give examples of vulnerability and the
mitigation method can be taken to remove it.
Answers
Vulnerability refers to a weakness or flaw in a system, process, or infrastructure that can be exploited by malicious actors to gain unauthorized access, disrupt operations, or compromise data integrity and confidentiality. Vulnerabilities can exist in software, networks, hardware, and even human factors.
Software Vulnerability: A software application may contain coding errors or design flaws that can be exploited.
Network Vulnerability: Weak network configurations, unsecured wireless networks, or outdated protocols can leave networks vulnerable.
Social Engineering Vulnerability: Humans can be a weak link in security.
Hardware Vulnerability: Flaws or weaknesses in hardware components can create vulnerabilities. For example, a hardware keylogger inserted between a keyboard and computer can record keystrokes.
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free 27 points, come on up, and see if u can earn them- i act weird
Answers
Answer:
haha i am wierd too i feel u
Explanation:
Answer:
i shall win them and im wierd also.
Explanation:
What steps will add slicers to a PivotTable? Use the drop-down menu to complete the steps.
Select the Pivot Table.
Click the Pivot Table Tools
tab.
Design, Format, Review, Options
In the group,
Filter, Slicer, Timeline, Data
Click
Insert Timeline, Insert Slicer, Active Field, Group
In the Insert Slicer dialog box, select the fields to create slicers for.
Click OK.
Answers
Answer:
1. options
2.Filter
3. Insert Slicer
Explanation:
I got it correct
The steps are as follows:
optionsFilterInsert SlicerPivot table
Pivot tables are a powerful Excel tool that helps us summarize large amounts of data and saves us a lot of time. Pivot tables are a reporting tool that has a fields section that contains four fields.
What does this table contains?It has four fields, that are:
Rows: Data that is taken as a specifier. Values: Count of the data. Filters: Filters to hide out certain data.Columns: Values under different conditions.Thus, the steps are as follows:
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14. If Bryce could raise his credit score to 760 and keep the $75,000 down payment, could he afford his dream house?
Answers
Answer:
Explanation:
To determine whether Bryce can afford his dream house with a credit score of 760 and a $75,000 down payment, we would need to know the purchase price of the house, as well as other financial details such as his income, debt, and expenses. Without this information, it is impossible to determine if Bryce can afford the house.
However, having a credit score of 760 and a large down payment can improve his chances of getting approved for a mortgage loan and potentially getting a lower interest rate, which would make his monthly payments more affordable.
If Bryce can afford the mortgage payments, property taxes, and other associated costs of owning a home with a credit score of 760 and a $75,000 down payment, then he may be able to afford his dream house.
Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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sofia sells leather winter gloves to retailers at a wholesale price of $24 per pair of gloves. she buys the gloves from china for $11 per pair. she does not have the opportunity make a midseason replenishment. so, at the end of the season, she sells the unsold gloves at a discount price of $7 per pair. mean demand for gloves is 35,000 pairs and standard deviation is 10,000. what is the probability that demand for gloves is between 25,000 and 45,000?
Answers
To calculate the probability that demand for gloves is between 25,000 and 45,000, we first need to calculate the z-scores for these values using the mean demand and standard deviation provided:
z-score for 25,000 = (25,000 - 35,000) / 10,000 = -1
z-score for 45,000 = (45,000 - 35,000) / 10,000 = 1
Next, we can use a standard normal distribution table or calculator to find the area under the curve between these z-scores. The area between -1 and 1 is approximately 0.6827. This means that there is a 68.27% probability that demand for gloves will fall between 25,000 and 45,000 pairs. However, it's important to note that this calculation assumes a normal distribution of demand, which may not always be the case in real-world situations. Additionally, this calculation does not take into account other factors such as competition, consumer preferences, or economic conditions that may affect the demand for the gloves.
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Critique the following statement: “Safety is not important in offices or retail workplaces.”
Answers
Answer:
Safety is important in every workplace. Even in low risk work places, there are certain occupational hazards, like musculoskeletal disorders, including carpal tunnel syndrome and repetitive stress injuries.
Explanation:
The answer the site said after I took it
Answer:
Safety is important in every workplace. Even in low risk work places, there are certain occupational hazards, like musculoskeletal disorders, including carpal tunnel syndrome and repetitive stress injuries.
Explanation:
Sample answer; edge 2021
Tulip Company is made up of two divisions: A and B. Division A produces a widget that Division Buses in the production of its product. Variable cost per widget is $1. 75; full cost is $3. 0. Comparable widgets sell on the open market for $3. 70 each. Division A can produce up to 3. 40 million widgets per year but is currently operating at only 50 percent capacity. Division B expects to use 170. 000 widgets in the current year. Required: 1. Determine the minimum and maximum transfer prices. 2. Calculate Tulip Company's total benefit of having the widgets transferred between these divisions. 3. If the transfer price is set at $1. 75 per unit, determine how much profit Division A will make on the transfer. Determine how much Division B will save by not purchasing the widgets on the open market 4. If the transfer price is sel at $3. 70 per unit, determine how much profit Division A will make on the transfer. Determine how much Division B will save by not purchasing the widgets on the open market
Answers
The cost savings for Division B would be the number of widgets purchased (170,000) multiplied by the difference between the market price and the transfer price.
Cost Savings for Division B = 170,000 × ($3.70 - Transfer Price)
The additional profit for Division A would be the number of widgets transferred (170,000) multiplied by the difference between the transfer price and the full cost per widget.
Additional Profit for Division A = 170,000 × (Transfer Price - $3.00)
If the transfer price is set at $1.75 per unit, Division A will make a profit on the transfer equal to the difference between the transfer price and the full cost per widget:Profit for Division A = 170,000 × ($1.75 - $3.00)
Division B will save by not purchasing the widgets on the open market, which can be calculated by multiplying the number of widgets used (170,000) by the difference between the open market price and the transfer price:
Savings for Division B = 170,000 × ($3.70 - $1.75)
If the transfer price is set at $3.70 per unit, Division A will make a profit on the transfer equal to the difference between the transfer price and the full cost per widget:Profit for Division A = 170,000 × ($3.70 - $3.00)
Division B will still save by not purchasing the widgets on the open market because the transfer price is lower than the market price. The savings can be calculated by multiplying the number of widgets used (170,000) by the difference between the market price and the transfer price:
Savings for Division B = 170,000 × ($3.70 - $3.70) (since transfer price is equal to market price)
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what is the impact of atm on banking sector?
Answers
Answer:
Explanation:
ATM s are of great use to the banks as the reduce the number of people storming the banks for withdrawal of money as well as deposit of money it reduces cost of operation and from customer point of view it is available easily near by hence travelling further distance to the bank is not required
ATMs are one of the most convenient services provided by the banks to customers. It is beneficial to banks as it is to its customers. It helps banks to save cost and time in withdrawing money and various other services which are now provided by ATM.
Automated teller machines, or ATMs as they are more commonly referred to, are a convenient way to conduct one-on-one transactions quickly and easily. One can do self-serviced transactions with these machines without a physical teller's aid or a trip to the bank branch. Cash withdrawals, cash deposits, and fund transfers are just a few of the many transactions possible with automated teller machines, or ATMs. Although the majority of customers only use ATMs to withdraw cash, these additional transactions make the service more effective.
With the advent of the ATM, users' financial lives became simpler because they could now perform simple transactions on their own with the aid of an ATM, which was much more practical than often visiting the bank. The ability for users to transact between banks is another significant advantage of an ATM. This means you can still use basic services like cash withdrawals from the ATM even if you don't have an account with the bank that runs the machine. Again, this saves you time and comes in handy in an emergency because you won't need to go to the ATM at your bank every time you need a quick infusion of cash. ATM helps banks operate more cheaply by lowering the number of human operations. The ATM provides service 24 hours a day which means customers can avail of money and other services at any time of the day.
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What's the appropriate response to receiving a talk about breaking a rule?
Answers
Answer:
Listen, dont be disrespectfull, and learn from it
Explanation: Dont dig a deeper hole
Why do you think economists have different belief systems/theories on economics?
Answers
Answer:The principal disagreement among economists is a matter of economic philosophy. There are two major schools of economic thought: Keynesian economics and free-market, or laissez-faire, economics.
Keynesian economists, named after John Maynard Keynes, who first formulated these ideas into an all-encompassing economic theory in the 1930s, believe that a well-functioning and flourishing economy may be created with a combination of the private sector and government help.
By government help, Keynes meant an active monetary and fiscal policy, which works to control the money supply and adjust Federal Reserve interest rates in accordance with changing economic conditions.
By contrast, the free-market economists advocate a government "hands-off" policy, rejecting the theory that government intervention in the economy is beneficial. Free-market economists—and there are many distinguished advocates of this theory, including Nobel Memorial Prize winner Milton Friedman—prefer to let the marketplace sort out any economic problems. That would mean no government bailouts, no government subsidies of business, no government spending explicitly designed to stimulate the economy, and no other efforts by the government to help what the economists believe is the ability of a free economy to regulate itself.
Explanation:
Ken deposits $200 in a savings account with a 1% interest rate per year. If ken makes no other deposit in this account, approximately how much interest will he earn in 5 years?.
Answers
Based on the amount Ken deposited, the period of compounding, and the interest, the interest earned would be $10.20.
Account balance in 5 yearsThis can be found as:
= Amount x (1 + rate) ^ number of periods
= 200 x (1 + 1%)⁵
= $210.20
Interest earned= Balance after 5 years - Amount invested
= 210.20 - 200
= $10.20
In conclusion, the interest was $10.20
Find out more on interest earned at https://brainly.com/question/3766264.