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Lena [83]
1 year ago
12

Select each of the tasks associated with opening a checking account.

Business
1 answer:
garri49 [273]1 year ago
5 0

Tasks associated with opening a checking account are:

  • Provide information such as name, address, date of birth, and Social Security Number.
  • Provide identification.
  • Deposit at least the minimum balance.
  • Sign an authorization card.

A checking account makes it simple to access your money for daily transactions while also keeping it safe. Typically, customers can pay their bills or make purchases using a debit card or a cheque. Different methods may be available for accounts to help avoid the monthly service charge.

A checking account's main function is to store your money in a safe location for a brief period of time, making it accessible when you need it to cover bills and other costs.

Customers who open checking account consent to make deposits into the account, and in return, the bank is obligated to carry out their payment instructions.

Before creating a checking account, it is important to weigh your options and find out whether or not the entity will charge you for maintaining the account and any related items. Being of legal age and fulfilling the conditions established by the chosen financial institution are the second prerequisites you must meet in order to open a checking account.

To know more about checking accounts refer to:  brainly.com/question/17014586

#SPJ1

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A country with a relatively low level of real GDP per person is considering adopting two policies to promote economic growth.The
Tomtit [17]

Answer:

The correct answer is: neither the first nor the second would promote growth.

Explanation:

A country with a relatively low level of real GDP per person is considering adopting two policies to promote economic growth.The first is to increase barriers to trade.The second is to restrict foreign portfolio investment.Which of these policies would most economist think would promote growth

One of the main statistical indicators used to measure the economic evolution of a country is the Gross Domestic Product (GDP). In the macroeconomic analysis of any State, the interpretation of this value is essential to know the degree of economic development and its trends.

The weak growth of productivity in many advanced and emerging market economies after the international financial crisis is raising concerns about growth prospects. A new study indicates that reducing barriers to international trade and foreign direct investment (FDI) could stimulate productivity and output.

The entry of portfolio investment into the country is associated with the yield and risk differentials of the country abroad. This means that a change in the perception of country risk is not necessary. Rather, they need to change in relation to existing alternatives in other countries. Therefore, significant movements in this area do not necessarily reflect a change in the state of the country's economy, however, they can have important repercussions on the exchange rate and other fundamental variables of the financial markets.

7 0
3 years ago
Bill took out a $100,000 non-recourse loan and bought an apartment building. The building is not security for the loan. Bill spe
natta225 [31]

Answer:

Bill has $25,000 at-risk and he can also deduct $25,000 from his income due to the losses associated with his rental activity.

Explanation:

At risk amounts are the money that investors can lose due to a bad business decision or performance. The maximum amount that an investor can deduct is equal to the at-risk amount that he/she has invested.

Bill's at-risk $25,000 are equal to the money he spent on house repairs.

3 0
3 years ago
S. Lamar performed legal services for E. Garr. Due to a cash shortage, an agreement was reached whereby E. Garr. would pay S. La
Likurg_2 [28]

Answer:

The correct entries would as follows:

Dr Organization/legal fees(3000*$4.5)     $13,500

Cr Common stock($1*3000)                                    $3,000

Cr paid in capital in excess of par($4.5-$1)*3000)) $10,500

Explanation:

The total cost incurred has increased to $13,500 since the stock needs to be recorded at its fair value on the date of the agreement and the approximate fair value is the market price.

As a result,legal fees expenses is debited with $13,500 while the common stock account is credited with par value of $1 per share and the excess over par value of $3.5 is credited to paid in capital in excess of par.

6 0
3 years ago
If a company issues 2,500,000 shares with voting rights, how many shares must an investor buy to be assured control of the compa
lbvjy [14]
If<span> each </span>investor<span> receives </span>voting rights<span> for </span>company<span> decisions based on </span>share<span> ownership, every shareholder has 10% </span><span>control. 
 
 </span><span>If a company issues 2,500,000 = (approx)= </span><span>1,250,000 shares

example: </span><span>If the company issues another 25,000,000 options or shares over the intervening five years so there are  50,000,000 shares at the IPO (typically either as part of fundraising including an IPO or to hire employees), you’re left with .01% – one basis point or half of your original percentage. You have had 50% dilution. You now make half as much for the same company value.

hope it understands !</span>
3 0
3 years ago
The following information was available for the year ended December 31, 2013: Net sales $ 803,000 Average accounts receivable fo
WARRIOR [948]

Answer: 3.70  

Explanation: Stock turnover can be calculated using following formula :-

stock\:turnover\:ratio=\frac{cost\:of\:goods\:sold}{average\:stock}

where,

cost of goods sold =598,600

average stock = 162,000

now, putting the values into equation above, we get :-

stock\:turnover\:ratio=\frac{598,600}{162,000}

                                           = 3.70

8 0
2 years ago
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