If the interest rate on a savings account is 0.018% approximately how much money do you need to keep in this account for one year to earn enough interest to cover a single $9.99 below minimum balance fee

Answers

Answer 1
The bank yearly interest of 0.018% is equivalent to $9.99. 
Solution:
interest = 0.018%= 0.00018
minimum balance fee = $9.99
present savings account = minimum balance fee/ interest rate
present savings account = $55,500
I will have to keep $55,500 dollars in the account just to cover the minimum balance fee of $9.99.


Related Questions

What is the reason for preferring to send a print business letter rather than an email for an initial contact

Answers

It is more professional than an email is the main reason of the preferring to send a print business letter rather than an email for an initial contact.

What is email?

The term email refers to the part of the communication. The email are the medium of the communication as the mostly used to the marketing and the information purposes. The email are the official purposes are the used. The email are the tool of the marketing to the promoted.

According to the Company Act, the public relation was the most important on the maintain the external public relation. The profession email was the quick sending, but there was not to the professional. The business letter was the more effective to the email.

As a result, the significance of the email are the aforementioned.

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Complying with environmental laws is part of which operations activity?
A.)Logistics
B.)Safety and security
C.)Inventory control
D.)Purchasing

Answers

C is the answer to the problem.

Complying with environmental laws is part of which operations activity is Purchasing. Option (D) is correct.

What do you mean by Law?

In order to control conduct, social or political entities make laws that are then enforced.

The process of getting a product from a raw material to a consumer is called supply chain management. Supply management, product and demand planning, sales and operations planning, and supply planning are all included.

Operations management's main purpose is to plan, organize, and strategize everyday tasks and routines. A well-executed strategy can assist in helping a company accomplish its deadlines and production targets.

Therefore, Option (D) is correct. Complying with environmental laws is part of which operations activity is Purchasing.

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The acmeville metropolitan bus service currently charges $0.88 for an all-day ticket, and is used by an average of 513 riders a day. the bus company is not earning a profit, but according to their contract with the city, they cannot cut the number of buses on the road. they must therefore find a way to increase revenues. the bus company is considering increasing the ticket price to $0.99. the marketing department\'s studies indicate this price increase would reduce usage to 249 riders per day. calculate the absolute value of the price elasticity of demand for bus tickets using the simple percentage change method to determine if the bus company should increase price or decrease price to increase revenues.

Answers

Final answer:

To calculate the absolute value of the price elasticity of demand, use the simple percentage change method. In this case, the demand for bus tickets is elastic, so the bus company should decrease the ticket price to increase revenues.

Explanation:

To calculate the absolute value of the price elasticity of demand, we need to use the simple percentage change method. The formula for calculating price elasticity of demand is to divide the percentage change in the quantity requested by the percentage change in price. In this case, the initial quantity demanded is 513 and the final quantity demanded is 249, while the initial price is $0.88 and the final price is $0.99.

The percentage change in quantity demanded is (513 - 249) / 513 = 0.515 and the percentage change in price is (0.99 - 0.88) / 0.88 = 0.125. Therefore, the absolute value of the price elasticity of demand is 0.515 / 0.125 = 4.12.

Since the absolute value of the price elasticity of demand is greater than 1, this means that the demand for bus tickets is elastic. Thus, the bus company should decrease the ticket price in order to increase revenues.

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Product management, llc, has forty members. two of the members died the previous year. under the uniform limited liability company act (ullca), on the death of the two members:

Answers

Under the uniform limited liability company Act, on the death of two members THE OTHER MEMBERS MAY CONTINUE  TO CARRY ON THE LIMITED LIABILITY BUSINESS UNLESS THE OPERATING AGREEMENT PROVIDES OTHERWISE.
The death of members does not leads to the dissolution of a  limited liability company except it is part of the company agreement that the business will be dissolve if a member die.

2. What is possible to know before you commit yourself to begin your career in a specific location?
a. if you will enjoy living in that city
b. how many people will have the same occupation
c. how high the cost of living is in that city
d. where all the best places to eat and shop are located

Answers

I think the answer is C.

The correct answer is C. How high the cost of living is in that city

Explanation:

The cost of living refers to the money you need to have to cover basic needs this includes the cost of housing, food, transportation, entertainment, among others. In the case you begin your career in a place you have not lived in before, one of the elements that is possible to know is the cost of living in that city because it is quite easy to look for information such as the cost of buying/renting an apartment, house or room; the cost of transportation; the cost of food; etc. because you can get this information through internet or by visiting the city one day. Also, other such as whether you will enjoy the city, how many people will have the same occupation or what are the best places to eat or shop cannot are aspects you will know only once live in the city.

Why is zappos experiencing significant implementation problems with holacracy? what else could zappos do to help implementing the new structure more effectively?

Answers

Zappos is experiencing problems implementing holacracy in their organization due to the unforseen rise of favoritism and management issues. This has lead to a significant percentage of employees actually leaving the company for more traditionally structured ones. Also, Zappos has fallen off of Forbe's list of best companies to work for, after consistently being on the list for years. The major step Zappos can take to implement the new structure more effectively is to listen to the concerns of it's current and former employees and take quick action, before it's too late.

True or false: this economy is not currently at its natural rate of unemployment.

Answers

True: The current natural rate of unemployment for quarter 4 of 2017 according to the Federal Reserve Economic Data is 4.74%, which is the normal unemployment rate not including fluctuations in aggregate demand, while the latest release of the United States unemployment rate for October of 2017 is 4.1%. Therefore, the United States is actually has lower unemployment than we would under normal circumstances.

A situation factor influencing the starbucks consumer would be:

Answers

Situation factors and situational influences that are temporary conditions that affect how buyers behave. From these factors depends if the customer will buy the product,buy several of will not buy it at all.
The situation factor can be social, physical, time...
Starbucks uses the physical situation factor : the location of its stores. Starbucks has always central position.

Frederick herzberg believed the best way to motivate employees with through his model of , which expands job content to create more opportunities for job satisfaction

Answers

The answer is:   "job enrichment" .
_____________________________________________
       "Frederick Herzberg believed the best way to motivate employees with through his model of  job enrichment   , which expands job content to create more opportunities for job satisfaction." 
_____________________________________________

Which of these statements is an argument in favor of creating a hierarchical structure in an organization?

Answers

commenting so I can get help too

Hierarchical structures promote efficient decision-making by establishing clear lines of authority and accountability. This clarity streamlines processes, reduces ambiguity, and ensures decisions are made promptly by individuals with appropriate expertise, enhancing organizational effectiveness.a) "Hierarchical structures promote clear lines of authority and accountability, enhancing decision-making efficiency."

The statement that serves as an argument in favor of creating a hierarchical structure in an organization is:

a) "Hierarchical structures promote clear lines of authority and accountability, enhancing decision-making efficiency."

Hierarchical structures establish a chain of command, delineating specific roles and responsibilities for each level of management. This clarity in authority and accountability streamlines decision-making processes by ensuring that decisions are made by individuals with the appropriate expertise and authority. Moreover, it creates a framework where employees understand who they report to and who they can seek guidance from, thereby reducing ambiguity and potential conflicts.

By having a clear hierarchy, organizations can allocate resources effectively and respond swiftly to challenges or opportunities. Decisions can be made promptly without getting bogged down in bureaucracy or confusion about roles. This efficiency is crucial in today's fast-paced business environment where agility and adaptability are paramount for success.

Overall, hierarchical structures provide a framework for efficient decision-making, which is essential for organizational effectiveness and competitiveness in dynamic markets. Therefore, this argument supports the establishment of hierarchical structures within organizations.

Q-Which of these statements is an argument in favor of creating a hierarchical structure in an organization?

a) "Hierarchical structures promote clear lines of authority and accountability, enhancing decision-making efficiency."

b) "Hierarchical structures allow for better control and coordination of tasks across different levels of the organization."

c) "Hierarchical structures facilitate career advancement and provide employees with a clear path for progression."

d) "Hierarchical structures enable specialization and division of labor, leading to increased productivity and expertise."

e) "Hierarchical structures foster a sense of order and stability within the organization, promoting discipline and adherence to policies."

Which of the eight reasons for new-product failure did gopro avoid to ensure the success of gopro's products?

Answers

Go pro avoids an insignificant point of difference as their main way to avoid new product failure. Setting their initial product apart from various products in their market gave them an advantage against competitors because it presented something new which provide a solution to customer problem and needs.



Final answer:

GoPro ensured the success of its products by avoiding common new-product failure reasons such as poor design, lack of uniqueness, and inadequate understanding of consumer needs.

Explanation:

There are eight commonly identified reasons for new-product failure, which include poor design, lack of a unique selling proposition, misunderstanding consumer needs, and poor marketing strategy, among others. GoPro, with its strong brand identity, innovative technology, and ability to tap into the passion of its user base, effectively navigated around these issues. The company offered a durable, high-quality product that fulfilled a unique consumer demand and marketed it adeptly through association with adventure sports and user-generated content.

GoPro's innovative technology played a significant role in its success by offering a product that not only met the durability and functionality expectations but also came with a unique selling point the ability to capture action from the user's point of view. This innovation captured the interest of not just adventure enthusiasts but also broader audiences looking for compact, durable cameras.

Maria escobar works as an attorney for a large east coast consulting firm. maria's job is to act as an advisor to the firm's consultants, to be sure that they do not confront any legal issues when they are working at the various clients' job sites. maria's position would be classified as a __________ position.

Answers

Maria's position would be delegated as a staff position. Employment position inside a hierarchy of leadership of an association that has the duty of giving data and counsel to work force in the line position. 
Maria is the levels of leadership position with the obligation to give data and guidance to line work force.

Answer:

Staff position

Explanation:

Michelle must write a bad-news message to her staff telling them that their hours next month will be reduced. she has just completed phase 1 of the prewriting process and is beginning phase 2. what should she do first?
a. write the rough draft of her message.
b. select an appropriate color of stationery that will be calming to the reader.
c. analyze the bad news to determine how it will affect the reader.
d. gather information and brainstorm ways to present the reasons for the bad news.

Answers

There are stages of a writing process which starts from the prewriting, then drafting, revising, and lastly, editing and proofreading. Since Michelle is already through with the prewriting phase, then the next thing she needs to do is the second phase of the writing process: drafting. Out of the given choices, the correct answer is (a) Write a rough draft of her message.

A leader with strong position power who is​ relationship-oriented will be most effective when​ leader-member relations are​ _____________ and task structure is​ ___________.

Answers

Leader-member relationship are nice,  the task is unstructured, and structure power is weak. A leader you find yourself in a situation where you have good working relationships with employees, the task is structured, and you have and can exercise strong position power. Your leadership behavior and style should be, task-oriented.  

________ measures the percentage of profit earned on each sales dollar before interest and taxes but after all costs and expenses.
a. earnings available to common shareholders
b. operating profit margin
c. net profit margin
d. gross profit margin

Answers

I think it is D. Gross profit margin because that is you profit before all of added taxes and every thing else.

Based on research on their target market, bowl more lanes discovers that 95% are aware of bowl more; 85% have knowledge about it; 80% like it; 70% intend to bowl there; and 65% actually have bowled there. according to the hierarchy of effects model, bowl more should concentrate its promotional efforts on increasing _____ .

Answers

Customer loyalty. This is because 80% of the whole population in the research already like it while the 70% will bowl there and 65% have bowled there already. SInce there is already a high awareness level, you don't need to concentrate so much on it. With the already high customer base, it'll be more prudent to just have them come back regularly such on weekends or events. 

Bowl More Lanes should focus on strategies that convert customer intentions into actual behavior, addressing the 5% gap between the intention to bowl and having bowled.

Based on the hierarchy of effects model, Bowl More Lanes discovers that there is a reduction in percentages at each stage of customer engagement from awareness to actual behavior. The percentages are 95% for awareness, 85% for knowledge, 80% for liking, 70% for intentions, and 65% for actual behavior. Bowl More should concentrate its promotional efforts on converting intentions into actual behavior, as there is a drop from 70% of the target market intending to bowl there to only 65% who have bowled there. This indicates that while a majority of their target market has a positive view and intention towards Bowl More, there is a 5% gap between intention and action that the promotional efforts could aim to close through strategies such as targeted incentives, reminders, or addressing barriers to action.

Which of the following devices electronically sorts mail by zip code? A. Fax-modem B. Electronic organizer C. Hand-held scanner D. Optical character reader

Answers

the answer will be  d. hope that helped
Hello there!


The correct answer is D

Optical character reader.


Sorry for the late answer, I hope this helps!

What is the best way to pay a bank fee?

Answers

When it comes to paying bank fees, one does not have to bother himself or herself about how to pay such fees because TYPICALLY, BANKS TAKE ANY FEES THEY CHARGE YOU RIGHT OUT OF YOUR ACCOUNT IMMEDIATELY.

When a restaurant claims that it sells the world's best cup of coffee, it could be accused of?

Answers

The restaurant can be accused of puffery. In terms of law, puffery is an advertising declaration or claim that states subjective rather than objective opinions, which no "reasonable person" would take accurately. Puffery functions to "puff up" an overstated image of what is being labelled and is particularly featured in statements.

Final answer:

A restaurant claiming to have the 'world's best cup of coffee' might be practising puffery with exaggerated marketing and the FTC allows such subjective statements under the 'let the buyer beware' principle.

Explanation:

When a restaurant claims that it sells the world's best cup of coffee, it may be accused of using exaggerated marketing language or puffery. Puffery is subjective advertising that is not expected to be taken literally by consumers. However, the Federal Trade Commission (FTC) monitors advertising claims to prevent deceptive practices but allows for some leeway when claims are not factual statements but are instead subjective opinions. The FTC acts under the principle of caveat emptor, which means 'let the buyer beware'. This acknowledges that while some advertising can be exaggerated, it is ultimately the responsibility of the consumer to judge the truthfulness of such claims.

The eu became an economic union when the ____ went into effect in 1993.

Answers

Answer: Maastricht Treaty

Larimer mfg. has placed all the die cast machines in one​ area, the machining centers into a different​ area, and the finished goods in a warehouse room. larimer is using​ ______________ departmentalization.

Answers

Departmentalization refers to subdividing a business or organization into sections based on their function or other criteria. There are different types of departmentalization. Some types include functional, product, customer, geographic, process and divisional. Based on the scenario given above, Larimer is using functional departmentalization. 

A company plans to amortize an intangible asset. when they journalize the amortization amount, they should debit an expense account and credit

Answers

A company plans to amortize an intangible asset, when they journalize the amortization amount, they should debit an expense account and credit an accumulated amortization account. The standard practice for accounting for amortization expense is to debit an amortization expense account and credit an accumulated amortization account.

Final answer:

When journalizing the amortization amount, a company debits an expense account and credits the accumulated amortization account.

Explanation:

When journalizing the amortization amount for an intangible asset, a company should debit an expense account and credit the accumulated amortization account.

The expense account represents the amount being recognized as an expense in the current period, reflecting the gradual use of the intangible asset over time. On the other hand, the accumulated amortization account tracks the total amount that has been amortized since the asset was acquired.

By debiting an expense account and crediting the accumulated amortization account, the company properly records the recognition of the used-up value of the intangible asset while maintaining a clear record of the cumulative amortization.

Net Worth is equal to assets minus liabilities. Which event will have the greatest impact (positive or negative) on one's net worth?

Answers

The answer would be: Go on a vacation that costs $3,500 

Paying off money for buying a car will not decrease your net worth as you get the car as assets for the money you use. But the depreciates 20% will cause you to lose $3,000 assets. Assuming you are not buying assets at all, go on a vacation that costs $3,500 will increase liability without any effect on assets. Paying up bills will decrease your asset but it also decreases your liability so the net worth wouldn't change. 

Why is the scientific method a powerful tool?

Answers

The Scientific Method is a powerful tool because by following such steps and analyzing data collected, it gives more precise results and predictions

Operations management planning does not include decisions about:

Answers

Operation management planning refers to achieving business goals through strategic planning. It is an important part of any business plan.
Operation management planning includes all the planning required for the smooth running of any business such as location of a business facility, planning for material requirement, and quality control.
Operation management planning does not include decision about "the actual acquisition of financing for projects".

Here are some decisions that are not included in operations management planning: Product design ,Pricing, Sales, Marketing, Human resources, Finance, Legal, Strategy.

Planning for operations management is centered on ensuring that goods and services are produced effectively and efficiently. It excludes choices made about other business-related issues such product design, price, sales, marketing, human resources, finances, legal issues, and strategy.

Usually, other firm divisions or executives make these decisions. For instance, the product design team is in charge of creating goods that satisfy both client wants and business objectives. Pricing and customer promotion of products fall under the purview of the marketing department. The recruiting and management of personnel fall within the purview of the human resources division. The company's finances are managed by the finance department. The legal division is in charge of making sure the business abides by the law.

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Cheryl is taking classes at an institution that offers face-to-face time with her instructor and classmates and also online time that she can perform at work or at home. Which of the following describes her education situation?

a. apprenticeship
b. blended learning
c. on-the-job training
d. traditional university setting

Answers

The answer is B. Blended Learning. Blended learning combines traditional classroom education with the ability to learn from and utilize an online platform.

Among the following that best describes about Cheryl education situation is blended learning. Option B is correct.

What is blended learning?

A type of teaching called blended learning, often referred to as technology-mediated instruction, web-enhanced instruction, or mixed-mode instruction, mixes online educational resources and possibilities for online engagement with traditional classroom techniques.

Further the teaching approach known as blended learning, also referred to as hybrid learning, combines technology and digital media with traditional instructor-led classroom activities to provide students more freedom to tailor their educational experiences.

Therefore Cheryl is taking classes at an institution that offers face-to-face time with her instructor and classmates and also online time that she can perform at work or at home is learning under blended learning.

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1. The three main types of banks (Large Traditional, Credit Union, Online or Online-Only) have many tradeoffs with respect to technology, convenience, personal experience, fees and savings rates. For this question, put aside all of the trade-offs and look only at savings rate offered on savings accounts. Rank the following from highest to lowest on the interest rates they offer to consumers on savings accounts.

Answers

I would say first the Online Bank which has very low personnel costs could offer the highest interest rates, probably followed by the credit union in which members are all shareholders so they should receive preferential treatment, and finally the Traditional Banks which most likely have a higher overhead than the other two so the result would be lower interest rates on savings accounts to the customer. 

The manager of the abc company has a monthly birthday celebration for employees. this is an example of a ________ leadership style

Answers

Actually this is an great example of a humble, caring and pro-social leadership style very surely, which the manager of the abc company is following, which brings the manager a lot of pride, respect and happiness for himself and also from the employees, and which will also sets a benchmark leadership style for people who are following the manager.

The monthly birthday celebration by the ABC Company's manager reflects a transformational leadership style focused on individualized consideration and team morale.

The manager of the ABC Company, who celebrates employees' birthdays monthly, is demonstrating a transformational leadership style. Transformational leadership involves utilizing charisma, inspiration, and a focus on individualized consideration to motivate employees. This contrasts with a transactional leadership style, which would more likely focus on supervision and achieving organizational goals through systems of rewards and punishments without as much emphasis on such social celebrations.

However, it could be argued that celebrating birthdays might also align with the contingent rewards aspect of a transactional leadership style, where rewards are given for achievements, but the overall spirit of celebrating birthdays to boost relational goals leans more towards the transformational approach.

Amy loves collecting coffee mugs and has been collecting them for years. at the drop of a hat, she will launch into a discussion of her collection, the price of mugs, and her plans for purchasing more mugs. her friends say she must have obsessive-compulsive disorder. you disagree. what do you say to her friends when they ask why you disagree?

Answers

I would say that just because she is passionate about mugs does not mean that she has OCD. If that is the only reason they are concerned that she may have OCD, a doctor would likely require more symptoms before providing that diagnosis.

The palmer acres inn is trying to determine its break-even point during its off-peak season. the inn has 50 rooms that it rents at $ 70 a night. operating costs are as follows. salaries $ 5,700 per month utilities $ 1,200 per month depreciation $ 1,000 per month maintenance $ 3,720 per month maid service $ 14 per room other costs $ 28 per room

Answers

they don't hit their break even point with all of the additional costs. They are still $11060 under the break even point at the end of the month
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