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mina [271]
2 years ago
8

If a married couple have a joint account with a market value of $1 million and a debit balance of $600,000, all of which is in s

ecurities, how much coverage would this account have?
Business
1 answer:
Cerrena [4.2K]2 years ago
7 0

$400,000 equity will be the coverage provided for the account.

<h3>What is a joint account?</h3>

A joint account is just another saving account, but the difference is that it is shared between two people, i.e, two people are the owner of that account this is generally shared between two partners or a spouse.  

The maximum bandwidth for a joint account is $500,000; but, a margin account only covers the equity, thus the debit balance is deducted from the market value. from deducting the market value of $1 million from the debit balance of $600,00  to leave $400,000 equity.

Learn more about the joint account, here:

brainly.com/question/23507729

#SPJ4

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Jan sold her house on December 31 and took a $35,000 mortgage as part of the payment. The 10-year mortgage has a 8% nominal inte
slamgirl [31]

Answer:

attached below

Explanation:

7 0
3 years ago
Bramble Corp. makes and sells umbrellas. The company is in the process of preparing its Selling and Administrative Expense Budge
azamat

Answer:

$93,840

Explanation:

Calculation to determine how much is the total budgeted variable selling and administrative expenses for October

October Total budgeted variable selling and administrative expenses=

(0.6 + 1.2 + 0.3 + 0.35) x 7200 +6000 + 39,000 + 7,200 + 24,000

October Total budgeted variable selling and administrative expenses=2.45x 7200 +6000 + 39,000 + 7,200 + 24,000

October Total budgeted variable selling and administrative expenses=$17,640+6000 + 39,000 + 7,200 + 24,000

October Total budgeted variable selling and administrative expenses=$93,840

Therefore the total budgeted variable selling and administrative expenses for October is $93,840

4 0
3 years ago
If the _______ are not valued as a strength, they can lead to low morale, diminished trust, reduced productivity, greater tensio
Leto [7]

Answer:

differences within the project team

Explanation:

There are usually a lot of differences between people in a project team. This makes the team to be more diversified and if these differences are not are not valued as a strength, they can lead to low morale, diminished trust, reduced productivity, greater tension, and suspicion and become a serious impediment to team performance. The team members are from different cultural groups and there may be issues in sharing knowledge, trust and productivity. If such issues are not tackled on time, they may become greater problems for an organization.

8 0
3 years ago
Hayward Industries manufactures dining chairs and tables. The following information is available: Dining Chairs Tables Total Cos
Anuta_ua [19.1K]

Answer and Explanation:

The computation is shown below:

Single overhead rate is

= total cost ÷ total labor hours

= ($48000 + $72000 ) ÷ (2600+2400)

= 24 per labour hour

Now  

Dining chairs

= 2600 × 24

= $62400

And,

tables

= 2400 × 24

= $57600

total = $120000

4 0
3 years ago
The tax rate of $.0984 in decimal can be expressed as how many mills? A. 9,840 B. 98.4 C. 90.84 D. 9.84
Andrej [43]
One mill is one thousandth of a currency unit, or 0.001$.

So 0.984 in mills means we have to divide 0.0984 by 0.001 (which means moving the period to the right here): so it would be 98.4 mills (answer B)

6 0
3 years ago
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