Daryl would like to open new checking and savings accounts. One of his primary concerns is avoiding bank fees. Which type of banking institution is most suitable for Daryl?

Answers

Answer 1

Answer: I found the same question but it had choices. The choices were:
a) retail bank
b) commercial bank
c) savings and loans
d) credit union

The type of banking institution that is most suitable for Daryl is CREDIT UNION.

Credit Union is defined as a member-owned financial cooperative. They offer banking services but these are offered to their members. They grant loans and interest paid on those loans are also given to member-owners as dividends.

Daryl will not only earn interest from his checking and savings accounts, he will also earn dividends. Any bank fees issued by the cooperative will be returned to them in the form of dividends.

Related Questions

A fee for using an ATM is usually NOT assessed ifa. the ATM is owned by the bank of the account holder. b. the account has enough money to cover the withdrawal. c. the ATM is located in an airport. d. the account holder has never had a returned check. What is the purpose of the Federal Deposit Insurance Corporation? a. to keep banks on the gold standard b. to protect depositors from loss c. to charter state banks d. to end banking regulation
At the sales presentation for EFTPS (a type of software for making the payment of all federal taxes secure, easy, and fast), it would be most logical for which member of the sales staff to demonstrate how payments can be set up 12 months in advance and how easy it is to view payment history?
Gabrielle is the first person in her family to attend university. As an accounting major her relatives look to her for financial information and guidance. During a recent family dinner, her relatives asked the following questions.Uncle Louis: My 8-year-old grandson will be attending college in 10 years. As a result, I just opened a savings for him and deposited $7,000 into it. What will be the value of the account in 10 years if the interest rate is 4.0 percent compounded annually? My brokerage firm offers two different savings accounts. One savings account provides a tax-free yield of 7%, while another savings account provides a taxable yield of 9.5%. If I am in the 28% marginal tax bracket, which account provides a better return on my savings?
Automatic stabilizers are critical to the success of supply-side policies. True or False
The loyalty of customers to a 4 is called _____,a. satisfaction b. goodwill c. partnership d. sole proprietorship

Sending products by _____ is the most expensive option available to producers. Answer rail truck ship plane

Answers

The correct answer for the question that is being presented above is this one: "plane." Sending products by plane is the most expensive option available to producers. Using plane as a way to transport products can be quite expensive compared to rail, truck or ship.

A company had net income of $259440. Depreciation expense is $23920. During the year, accounts receivable and inventory increased $13800 and $36800, respectively. Prepaid expenses and accounts payable decreased $1840 and $12880, respectively. There was also a loss on the sale of equipment of $15640. How much cash was provided by operating activities

Answers

Answer:

Net cash flow from operating activities $237,360

Explanation:

The computation of the cash was provided by operating activities

Net income $259,440

Add: depreciation expense $23,920

Less: Increase in account receivable -$13,800

Less: increase in inventory -$36,800

Add: Decrease in prepaid expense $1,840

Less: decrease in account payable -$12,880

Add: loss on sale of equipment -$15,640

Net cash flow from operating activities $237,360

Stephanie, a recent college graduate in computer programming, is interested in several positions with global companies because she knows that working in other countries exhibits ________ to potential employers, according to management recruiters.A. independence, flexibility, and disciplineB. ethnocentricity
C. polycentricity and strong leadership skills
D. Discipline and flexibility
E. independence, resourcefulness, and entrepreneurship

Answers

Answer: (E) Independence, resourcefulness, and entrepreneurship

Explanation:

According to the given question, the Stephanie is the student and she recently done his graduation in the computer programming subject a she is interested in the various types global companies profiles.

So, working in the different countries exhibiting the independence, entrepreneurship and also the resourcefulness skills that helps in managing the good position in an organization.

The above mentions skills helps in providing the effective managerial skills and also resourceful mindset is one of the type of ability that helps in providing the good visualizing for achieving the desirable goals in an organization.

Therefore, Option (E) is correct answer.

Ashley, a manager at a toy manufacturing company, needs to create a financial document for the company that would show how the company's operating, investing, and financing activities are expected to affect the asset, liability, and owners' equity accounts. To prepare this document, Ashley needs to collect data from:

Answers

Answer:

The answer is: Ashley needs to collect information from the budgeted income statement, cash budget and capital expenditure budget.

Explanation:

The budgeted income statement is the forecast of next year's income statement.

The cash budget includes all the company's expected cash inflows and outflows estimating cash receipts and cash payments.

The capital expenditure budget includes all the money the company expects to invest in purchasing new long term assets or improving and maintaining existing long term assets.

If a deaf person goes to court, do they call it a hearing?

Answers

Probably. They call a hearing a hearing because the judge hears both sides of the story, not the victim/convict.

In our accounting department, one of the actions taken by a clerk has been to identify the most frequently used forms and to put them in an area where they can be easily accessed. The other less frequently used forms have been tagged and put in their own separate area. This action likely occurred from the use of which lean tool?

Answers

Answer:

a 5S program

Explanation:

This action likely occurred from the use of a 5S program. This is a program that focuses on the 5 S' which are Sort, Set in Order, Shine, Standardize, Sustain. These are used in order to analyze everything in an area in order to decide what is or isn't necessary, put things in order, cleaning, and setting up procedures for performing these tasks on a regular basis. Which is what the clerk has done by identifying these most and least frequent forms and organizing them accordingly for use on a regular basis.

Final answer:

The clerk likely used the lean tool 5S to organize the forms in the accounting department.

Explanation:

The lean tool that was likely used in the accounting department is 5S. 5S is a workplace organization method that focuses on sorting, setting in order, shining, standardizing, and sustaining. By identifying the most frequently used forms and putting them in an easily accessible area, and tagging and separating the less frequently used forms, the clerk applied the principles of 5S to improve efficiency and productivity.

Learn more about Organizational Efficiency here:

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Production costs are determined not only by the prices of inputs, but also by _______.a. intangiblesc. competitionb. technologyd. consumer needsProduction costs are determined not only by the prices of inputs, but also by _______.a. intangiblesc. competitionb. technologyd. consumer needs

Marginal benefit is A. the additional cost of producing one more unit. B. the additional benefit from consuming one more unit. C. a legally determined maximum price that sellers may charge. D. the difference between the highest price a consumer is willing to pay and the price the consumer actually pays.

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Lavender Corporation sells 100 jars of essential oil to Bed, Bath, and Relax on December 1, 20X5, for $10 each. Lavender offers a right to return the product for any reason. Based on past sales, Lavender expects Bed, Bath, and Relax to return 5 jars. What adjusting journal entry, if any, should Lavender record on December 31, 20X5, to reflect Bed, Bath, and Relax's right of return