Apart from the number of cotyledons, other identifying characteristics are as follows: 1  the number of flower parts-monocot flowers are trimerous (in multiples of three). 2  the number of pores in pollen-monocots have one.part from the number of cotyledons, other identifying characteristics are as follows: 1  the number of flower parts-monocot flowers are trimerous (in multiples of three). 2  the number of pores in pollen-monocots have one.
Once the LOC is in place, the clothing store needs to manage cash flow so the business can minimize the interest expense paid on the LOC borrowings. Assume, for example, the interest rate on the LOC is an annual rate of 6% and the store starts the month with a $20,000 cash balance. The store estimates sales for the month to be $50,000, and $40,000 in inventory needs to be purchased to meet customer demand.
As the balance is divided between multiple banks, Fidelity is able to offer FDIC protection on balances up to $1,250,000; the standard FDIC limit is $250,000 per depositor per bank. The Cash Management account is an interest-bearing account. At the time of writing, the current APY for the account is 0.07%. This is much lower rate that 0.20%-0.90% APY offered by Capital One online checking account-read Capital One 360 checking review. Overall, the Fidelity Cash Management account is a solid option for users looking to leave fee-charging traditional banks.