How does it affect the saving to a country when you put your
lottery winnings into your bank account?
Answers
The country's savings increase when you put your lottery winnings into your bank account.
When you win a lottery, and you put the amount in your bank account, you are giving the bank a deposit which they could then use to fund investments and loans. The bank could use the deposits as collateral to borrow funds from other sources to make more loans. If the bank earns an interest rate from loan payments that is higher than the interest rate they pay on savings accounts, then they make money.
A country's savings increase when there is a high rate of deposits in their financial institutions. However, when a lot of people hold lottery winnings and keep it as cash or spend it, it doesn't contribute to an increase in the country's savings. Lottery winnings held as cash don't contribute to the national economy, and spending it all doesn't contribute to savings. It is vital for governments to encourage people to keep their lottery winnings in a bank account to promote a saving culture in their countries.
Thus, the country's savings increase when you put your lottery winnings into your bank account.
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Related Questions
Which of the following is true about
your "gross" pay?
A. It is the money you make before taxes.
B. It is the money you take home after taxes are taken
out..
C. It is the amount of money you pay in social security
tax.
D. It is the amount of money you pay in federal tax.
Answers
According to the environment industry organization for model cell 2 represents which of these environments
Answers
It should be noted that in the environment industry organization model, cell 2 simply means B. Complex stable environment.
The business or industry environment simply means the environment where an organization operates. It includes the customers, partners, suppliers, etc.
In the environment industry organization model, cell 2 simply means the complex stable environment.
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U.S. is established as a country based on freedom is to the early america era as federal support for the growth of big business is to the?
Answers
U.S. is established as a country based on freedom is to the early America era as federal support for the growth of big business is to the Industrial revolution.
What is American Industrial revolution?The 1870s saw the beginning of the Revolution, also referred to as the American Manufacturing Revolution, which lasted until the conclusion of World War II. During this time, new transport methods like steamships, vehicles, and airplanes were developed along with the mechanization of industry and agriculture.
What are the four root reasons of the American Industrial Revolution?The advent of capitalism, European imperialism, efforts to mine coal, and the effects of the agricultural revolution are some of the factors that historians have recognised as contributing to the Industrial Revolution.
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A customer has a total purchase of $84.75. She hands the person at the
register four $20 bills, three $1 bills, six quarters, one dime, one nickel, and
five pennies. Which of the following is true?
Answers
Answer: The Customer Still owes 0.05
Explanation:
The customer owed $0.05 because She hands the person at the register four $20 bills, three $1 bills, six quarters, one dime, one nickel, and five pennies.
What does purchase cost mean?The total Purchase Price is the total sum that the buyer is required to pay for the goods or services under the terms of the purchase agreement, excluding any taxes, fees for administration, and financing costs.
The term "buy cost" refers to the complete cost of the good or service, including any applicable taxes, shipping charges, additional fees, and contingencies.
Given,
Purchase cost = $84.75
Repayment of cost are as follows = 4 * 20 = $80
= 3 * 1 = $3
= 6 * 0.25= $1.5
= 1 * 0.10 = $0.10
= 1 * 0.05 = $0.05
= 5 * 0.01 = $0.05
The total Payment made by the customer is = $84.70
Thus, the customer pays only $84.70 out of $84.75 which is $0.05 short.
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if a bond is to pay off $324 in exactly one year from now, and the market interest rate is 8 percent, the price of the bond today is
Answers
The main answer to your question is that the price of the bond today would be $300. To calculate the price of a bond, we use the present value formula, which is:
PV = FV / (1 + r)^n
Where:
PV = present value of the bond
FV = future value of the bond
r = market interest rate
n = number of years until maturity
In this case, the FV of the bond is $324, the market interest rate is 8%, and the number of years until maturity is 1. Plugging these values into the formula, we get:
PV = $324 / (1 + 0.08)^1
PV = $300
Therefore, the price of the bond today is $300.
To calculate the price of the bond today, given that it will pay off $324 in exactly one year and the market interest rate is 8 percent, you can use the following formula:
Price of bond today = Future value / (1 + interest rate)
The price of the bond today is $300.
1. Convert the interest rate to a decimal: 8% = 0.08
2. Add 1 to the interest rate: 1 + 0.08 = 1.08
3. Divide the future value of the bond ($324) by the result from step 2 (1.08): $324 / 1.08 = $300
So, the price of the bond today is $300, considering the market interest rate of 8 percent.
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Check my work [The following information applies to the questions displayed below.] 14.28 points Tamar Co. manufactures a single product in two departments. All direct materials are added at the beginning of the Forming process. Conversion costs are added evenly throughout the process. During May, the Forming department started 21,600 units, and transferred 22,200 units of product to the Assembly department. Its 3,000 units of beginning work in process consisted of $19,800 of direct materials and $221,940 of conversion costs. It has 2,400 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end. During the month, $496,800 of direct materials costs and $2,165,940 of conversion costs were charged to the Forming department. eBook Print References 2. Prepare the journal entry dated May 31 to transfer the cost of units to Assembly View transaction list Journal entry worksheet Record the transfer of goods to next department.
Answers
Answers
This journal entry records the transfer of 22,200 units from the Forming department to the Assembly department. The cost per unit transferred is calculated by dividing the total conversion costs by the number of units transferred.
To prepare the journal entry dated May 31 to transfer the cost of units to the Assembly department, we need to consider the units transferred from the Forming department to the Assembly department and their associated costs.
Given the information provided, the journal entry would be as follows:
Date: May 31
Account Debit Credit
Work in Process - Forming 72,420 (22,200 units x $3.26)
Work in Process - Assembly 72,420 (22,200 units x $3.26)
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Anna got a high-paying job as a lab technician upon graduation. She took
five years to graduate from a public university and did take out a lot of
loans. What kind of return on investment (ROI) does Anna demonstrate?
Can't determine ROI
Negative ROI
Positive ROI
ОО
Neutral ROI
Answers
Answer:
Positive ROI
Explanation:
A positive ROI or positive rate of return occurs when the benefits realized from a project are much more than the costs incurred. Positive implies that a net effect of a number greater than zero.
Anna did not incur a lot of debts while in college. It suggests she controlled her expenses well. Since Anna has a well-paying job, her income and the cost incurred in college compare favorable. Her benefits are more compared to the cost of education.
B- The return on investments (ROI) that Anna should demonstrate is a positive Return on Investment (ROI). This is due to the excess loans taken by Anna during her education before getting the job.
Anna needs to maintain a hefty savings and needs to pay her liabilities in the forms of loans first because she is under obligation of the lending authority to pay for her education loan along with interest accrued.
Anna will not end up saving for herself and her needs if she is unable to save the money after paying her dues towards her loan. She has to make sure a healthy return on investments made by her.Usually an education loan is an expensive loan with higher rates of interests charged by the bank due to shortage of jobs in the economy due to unemployment flair and hence avoiding the risk associated.If her interest rate of loan is around 8% she has to make sure her salary is saving her way more than this loan amount with interest which will be due periodically.Hence, option B is correct that Anna will have to maintain and demonstrate a positive return on investments followed by her high paying job.
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when the money market is drawn with the value of money on the vertical axis, if the price level is above the equilibrium level, there is an
Answers
Answer:
There will be an increase in the price level.
Explanation:
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What are the two benefits of a certificate of deposit?
Answers
A set rate of interest. You select the precise amount and duration of your investment when you open a certificate of deposit (CD). greater profits. These average interest rates are usually higher than what you'd get from a conventional savings account.
A certificate of deposit (CD) is a type of time deposit that is frequently offered by banks, thrifts, and credit unions in the US. Savings accounts and certificates of deposit (CDs) are different from one another since a CD often has a fixed interest rate and a set duration (commonly one, three, or six months). The bank anticipates that the CD will be kept until it matures, after which it can be withdrawn and interest collected. Similar to savings accounts, certificates of deposit (CDs) are guaranteed "money in the bank" (in the US, up to $250,000), making them virtually risk-free up to the local insured deposit limit. In the US, CDs are covered by the National Credit Union Administration (NCUA) for credit unions and the Federal Deposit Insurance Corporation (FDIC) for banks. Institutions typically give greater interest rates for deposits made by customers for a predetermined period of time than they do for demand-withdrawal accounts, though this may not always be the case when the yield curve is inverted. Although variable rates are not as prevalent as fixed rates, certain institutions do issue CDs with them.
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reid incorporated received a $90,000 cash payment, of which only $50,000 was taxable income. if reid's marginal tax rate is 40%, compute reid's after-tax cash flow. multiple choice $54,000 $50,000 $30,000 none of these choices are correct.
Answers
Reid's cash flow was $70,000 after taxes ($90,000 in pre-tax cash minus $20,000 in tax on $50,000 in income).
The correct answer is none of these
Who Pays Taxes?Taxes are mandatory payments that citizens or corporations must make to their local, state, or federal government. Tax revenue is used to pay for public projects and programs like Medicare and Social Security as well as infrastructure like roads and schools.
What does it mean to be an excise tax?In the United States, the word "excise" has at least two different meanings: (A) anything tax other than a property tax and capitation (i.e., an excise is indeed an indirect tax in the sense of constitutional law); or (B) a tax that is simply referred to as an excise.
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Costs in beginning work in process inventory was $4,500 and $37,800 in costs were added during the period. If there are 7,050 equivalent units, the cost per equivalent unit under the weighted-average method is $
Answers
The cost per equivalent unit under the weighted-average method is $6.
Cost per equivalent unitUsing this formula
Cost per equivalent unit= Beginning work in process inventory+Cost added/Equivalent units
Where:
Beginning work in process inventory=$4500
Cost added=$37800
Equivalent units=7050
Let plug in the formula
Cost per equivalent unit=(4500+37800)/7050
Cost per equivalent unit=42300/7050
Cost per equivalent unit= $6
Inconclusion the cost per equivalent unit under the weighted-average method is $6.
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Which form of organization provides limited liability for the firm but yet allows the professionals working within that firm to be sued personally?
A) Limited liability partnership
B) Limited liability company
C) Sole proprietorship
D) Professional corporation
Answers
Answer: A) Limited liability partnership
Explanation:
The form of organization provides limited liability for the firm but yet allows the professionals working within that firm to be sued personally Limited liability partnerships.
Which type of business structure offers the firm limited liability but yet permits the professionals who work there to be sued individually?The structure of the company limits the firm's responsibility while still allowing its employees to be sued personally. a company with expertise (doctors, dentists, etc.)
Which type of business structure offers the company limited liability?Stockholders are only subject to liabilities up to the amount they personally invested in the company. Additionally, creditors are prohibited from seizing personal property to pay off debts (although now creditors often request personal guarantees on business loans).
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how has mariam’s experience in prison changed her as a person?
Answers
Mariam’s experience in prison changed her as a person, and this can be seen through different aspects of her life. She develops from a submissive girl into a courageous woman who can stand for herself.
Mariam’s prison experience makes her mature quickly as she sees the world with a new set of eyes that offer her an insight into life she had never considered before. She learns that life can be cruel, and it is full of hardships and obstacles that one has to overcome to be successful. This knowledge strengthens her and makes her a better person.Being in prison has also taught Mariam to be patient. In prison, she learns how to live with others, and it teaches her that everyone is different, and people have different perspectives. In the end, Mariam learns to forgive herself and others, and she moves on with her life with newfound strength and vigor.
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stacey wanted someone to paint her house. jessica offered to do it for $300 while nancy offered to do it for $250. a few days after stacey entered into a contract with nancy, nancy increased her fee to $400. by this time, jessica was not interested in entering into a contract with stacey anymore. stacey can seek to be compensated on the basis of a:
Answers
Stacey can seek to be compensated on the basis of a breach of contract by Nancy. When Stacey entered into a contract with Nancy, they agreed on a specific price for the painting job.
However, Nancy increased the price after the contract was made, which is a breach of the contract. Stacey can argue that she relied on the initial agreed-upon price and made a decision based on that. Stacey can seek to be compensated for the difference between the initial agreed-upon price and the new increased price charged by Nancy. However, the specific legal remedies available to Stacey may depend on the laws and regulations in her jurisdiction.
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Shout Magazine focuses its marketing efforts on reaching teen-aged girls interested in fashion and celebrity culture. The firm believes that they are positioned to profitably serve this group of consumers. Shout utilizes the strategy of
Answers
Considering the situation described above, Shout utilizes the strategy of Concentrated Marketing.
Concentrated Marketing is a type of Marketing strategy whereby firms or companies direct all endeavors and resources to develop and market a product for a particular target group segment.
Thus, when Shout Magazine focuses its marketing efforts on reaching teenaged girls interested in fashion and celebrity culture, this is a form of Concentrated Marketing.
Concentrated Marketing is often referred to as Niche Marketing, and it is considered more effective in small businesses.
Hence, in this case, it is concluded that the correct answer is "Concentrated Marketing."
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With the help of online research, write a short report on “glocalization.”
Answers
The phenomena of Glocalization, which is best described as Thinking Globally, Acting Locally, is created when the two terms of globalisation and localization are combined.
To put it more properly, we may say that although if a single brand is produced, sold, and distributed globally, it is nevertheless personalised and customised to suit the tastes and preferences of customers in the many global marketplaces.
It is carried out since each region of the world has its own unique culture, linguistic preferences, demands, and desires.
By adjusting their offerings and products to meet the needs of that specific market, businesses may effectively position and place their items, resulting in high revenues and devoted customers.
The following are all global brands, although they cater to the demands of their customers in various parts of the world while selling items.
Chips by Lays (They sell different flavours in different parts of the world, according to the taste preference and eating habits of that country).
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New batteries are needed to power our electronic devices—our cell phones, tablets, and computers—and that market is exploding. Researchers are developing lithium-ion batteries that will be vital to clean-energy and automobile manufacturing and could open up huge new markets. Currently, the domestic production accounts for about 12 percent of the world's production. The country has a domestic supply of raw materials, but production is limited and prices remain high compared to imported batteries.
The government could invest in technology and research.
The government could purchase domestic batteries exclusively.
The government could impose heavy tariffs on all imported batteries.
The government could ban imported batteries.
Answers
Answer:
The government could impose heavy tariffs on all imported batteries.
Explanation:
Import tariffs are taxes imposed on imported commodities. Should the government impose heavy tariffs on the imported batteries, their prices in the domestic market will go up.
One of the objectives of a tariff is to protect locally produced goods from unfair competition by low-priced imports. The imposed tax become a cost to the imported batteries, which will make them more expensive. The locally produced batteries will compete favorably with the imports. The domestic industry will grow since it has raw materials and a market to sell its products.
the proprietor introduce another $5000 cash in to the firm
Answers
The firm paid out $5,000 in cash. The equation stays in harmony. >> Property. 5. Financial Interest.
What does existing proprietor mean?A sole proprietor is an individual who owns an unincorporated business on his or her own. A proprietor is defined as someone who owns or runs a business. A shoe shop proprietor is an example of a proprietor. 1. An only proprietor is the sole owner of an unincorporated enterprise. The business owner, also known as a proprietor or a trader, uses their legal name to conduct business. They can also choose to do business under a different name by registering a trade name with their local government. the owner of a business, a hotel, etc. a person who has the sole right or title to something; an owner, as of real estate a group of proprietors; exclusive.To learn more about proprietor, refer to:
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In a just-in-time system a.a worker is viewed as an expert in one function only. b.a worker typically performs only one function. c.workers typically identify better with the end product because of performing a single function. d.workers typically identify better with the end product because of performing several functions.
Answers
Answer:
d. workers typically identify better with the end product because of performing several functions.
Explanation:
The just-in-time refers to an inventory management system (JIT) wherein manufacturers' raw-material orders with production schedules. Companies use this inventory method to improve productivity and minimize waste by only acquiring products when they need them for the manufacturing process, which decreases the cost of inventories. This approach demands that the producers correctly predict demand. The specialization of labor helps workers to maximize the output of the concerned product.
what factors should the staff consider when determining new sources of business to replace the old corporate contracts?
Answers
When deciding on new sources of business to replace outdated corporate contracts, the staff should take into account a number of factors. They should examine their current clientele first to see which markets or demographics they have not yet entered.
Surveys of customers and market research can be used to accomplish this. Second, they should investigate new trends in their business and think about how to position themselves to benefit from them. Thirdly, they should evaluate their competitive environment to find areas where they might set themselves apart from their rivals.
Fourth, they should assess their sales and marketing plans to make sure they are successfully interacting with their target market. Finally, businesses must make sure they have the resources and examine the financial ramifications of recruiting new clients. In conclusion, the staff can find new sources of business that can help them replace outdated corporate contracts and promote sustainable growth by taking these elements into account.
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Why is it important to check bank statements on a regular basis?.
Answers
Answer:
By checking bank statements regularly you are checking what things need to be worked on and what things don't, ex: 1. how much money your putting into a business vs. how much money your making 2. how much money in loans have been taken out 3. what loans need paid 4. how much debt you have etc.
1. Based on the profit-loss statement, does Rings and Things have a positive or negative cash flow?
Why?
Answers
Answer:
They have a negative cash flow.
Explanation:
Because their net operating activities is not breaking even, in other words, they are losing money.
________________ economists place an emphasis on __________ run economic performance.
Answers
Neoclassical economists place an emphasis on Long run economic performance.
What is Neoclassical economics?Neoclassical economics is a type of economics that focuses on the amount of goods and services that is demanded to produce.
This theory believes that without quantity demanded, production of goods cannot be possible.
Therefore, Neoclassical economists place an emphasis on long run economic performance.
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Jan's Jams makes a credit sale for $300 with terms of 2/10,n/30. The cost of the merchandise is $200. The required journal entry to record the sale and the cost of the sale is: _________
a) debit Accounts Receivable $200; credit Sales $200;
b) debit Cost of Goods Sold $300; and credit Merchandise Inventory $300
c) debit Accounts Receivable $300; credit Sales $300;
d) debit Cost of Goods Sold $200; and credit Merchandise Inventory $200
e) debit Sales $300 and credit Cost of Goods Sold $300
f) debit Accounts Payable $300; and credit Sales $300
Answers
Answer: debt Accounts receivable $300; credit Sales $300; debit Cost of Goods Sold $200; and credit Merchandise Inventory $200
Explanation: see attachment for more help
The correct options are C and D respectively. The required journal entry to record the sale and the cost of the sale is debit Accounts Receivable $300; credit Sales $300; debit Cost of Goods Sold $200; and credit Merchandise Inventory $200.
What is the difference between accounts payable and accounts receivable?The terms "accounts payable" and "accounts receivable" refer to the same thing. Accounts receivables represent the money that customers owe your company, as opposed to Accounts Payables, which represent the money that your company owes to suppliers.
An's Jams makes a credit sale for $300 with terms of 2/10,n/30. The cost of the merchandise is $200. The following are required journal entries to pass debit Accounts Receivable $300; credit Sales $300; debit Cost of Goods Sold $200; and credit Merchandise Inventory.
Thus, the proper answers are C and D, respectively.
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When purchase costs are ____________, fifo will report the lowest cost of goods sold yielding the highest gross profit and net income.
Answers
When purchase costs are rising, FIFO will report the lowest cost of goods sold yielding the highest gross profit and net income.
FIFO is one method for monitoring closing inventory. The inventory is recorded at the new cost because it is first in, first out when it is recorded. Because the inventory with the lowest cost will be used up first, the inventory purchased last will be recorded, which will increase revenue or decrease the cost of goods sold depending on the circumstance.
When prices are rising, the more expensive, newer inventory is kept on the balance sheet. Since COGS are calculated using inventory that may be several years old and was purchased at a lower price, FIFO can boost net profitability.
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Paul is the owner of Paul's Cabinets, which is a sole proprietorship. The firm cannot pay its bills because a large customer defaulted on payment. Which one of the following statements is correct given this situation? (Points : 3) O The creditors of Paul's Cabinets can only collect payment if Paul's Cabinets receives payment from its customer. O The only course of action the creditors of Paul's Cabinets has is to sell the assets of Paul's Cabinets. O The creditors of Paul's Cabinets can assume the assets of Paul's Cabinets, but only in an amount that exceeds Paul's investment in the firm.
Answers
The creditors of Paul's Cabinets cannot assume the assets of Paul's Cabinets or sell the assets, since it is a sole proprietorship. The only course of action the creditors of Paul's Cabinets have is to collect payment from the large customer that defaulted on payment.
The creditors cannot force the customer to pay, so the only option for them is to wait for the customer to pay the debt or have the customer enter into a payment plan. Paul's Cabinets will be responsible for any unpaid debts, and the creditors can take legal action against Paul if the debt is not paid off.
The creditors may also negotiate with the customer to accept partial payments until the full amount is paid. In any case, the creditors of Paul's Cabinets can only collect payment if Paul's Cabinets receives payment from its customer.
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__________ is used to enable or disable startup services, set boot options such as booting into safe mode, access tools like action center and event viewer, and more
Answers
The missing term is "System Configuration Utility" or "msconfig" (the common name for the utility) which is used to perform the mentioned tasks.
It is a built-in Windows utility that allows users to manage various system settings and configurations. With System Configuration, you can enable or disable startup services and programs, control the boot options such as booting into safe mode or diagnostic mode, access system tools like the Action Center and Event Viewer, configure system services, and modify other startup-related settings. It provides a centralized interface for users to customize their system's startup behavior, troubleshoot issues, and optimize performance by controlling which programs and services run at startup.
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Which one of the following is a factor that could increase the level of risk in a business
a) seasonal demand
b) having a large target market
c) employing a large number of employees
Answers
Answer:
I guess the answer is , a) seasonal demand
Explanation:
seasonal demand :-
Seasonal demand is defined as a certain time series with repetitive or predictable patterns of demand due to re-occurring seasonal events.
Which situation is an example of direct taxation?
O A. A government charges a bank a fee on its deposits, so banks raise
rates for customers.
B. The government charges a tax on imports, which companies pass
on in the prices they charge buyers,
C. Businesses must send a portion of their income each year to the
government
D. Stores charge sales tax on each purchase and send that money to
the government
Answers
When Businesses pay a portion of their income to the government in the form of taxes, such a situation is an example of direct taxes. Therefore, (C) is the correct option.
What is Direct Taxes?Direct taxes are paid by the citizens directly to the government without any other stakeholder in between. there are majorly two types of direct taxes, corporate Tax, and Income tax.
Businesses pay corporate tax on their income, which is a form of direct tax.
Therefore, (C) is the correct option.
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Identify the type of conic section consisting of the set of points in a plane that are equidistant from a fixed point and a fixed line. Choose the correct answer below. A. ellipse B. parabola C. circle D. hyperbola
Answers
The type of conic section consisting of the set of points in a plane that are equidistant from a fixed point and a fixed line is called a b) parabola.
A parabola is defined as a symmetrical, open plane curve formed by the intersection of a cone with a plane parallel to its side. The focus and the directrix are the two fixed points that define a parabola. The directrix is a fixed line that is equidistant from all points on the parabola, while the focus is a fixed point that is also equidistant from all points on the parabola.
A parabola can open upwards or downwards, depending on the position of the focus and the directrix. When the vertex of a parabola is at the origin and the axis of symmetry is vertical, the equation of the parabola is given by y^2 = 4ax, where a is the distance from the vertex to the focus.
Therefore, the correct answer is b) parabola.
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