Answer:
The common differences in benefits and or fees include :
1. Minimum opening amount
2. Withdrawal limitation - maximum spending or withdrawal depending on age
3. Cost of notification on transaction and monthly statement or hard copy statement fee.
4. Return deposit charge - fee charged on a bounced cheque
5.Overdraft charge - fee charge on unfulfilled commitment
Explanation: The benefits attached and the charges or fees incurred in managing a checking account may differ depending on the policy and business process of the financial establishment.
Answer:
Explanation:
Multiple Choices aren't given, so I will just solve this.
Josiah had "d" dimes and "n" nickels.
There are a total of 35 coins, nickels and dimes.
The value of "d" dimes and "n" nickels is $3.30
Note: Value of nickels is 0.05 and dimes is 0.10 (in dollars)
The system of equations (2) we can use to solve this will be:
1) an equation involving total number of coins
2) an equation stating the value of each coin and total value
Equation 1:
Equation 2:
These are the 2 equations that can be solved simulataneously to find the number of nickels and dimes.
The most cost effective way for John to buy a house in the suburbs is:
a.Move to the suburbs and rent a house for one year before purchasing a home.
This is to test the waters. During this time, he has to acclimatize himself into living in a new environment. He has to discover the pros and cons of living in the suburbs compared to living in the city like travel time in going to work, etc.
If after a year, he finds its more beneficial to live in the suburbs, then he can buy a house there. On the other hand, if he finds it costly to live in the suburbs compared to living in the city, he simply has to pay the necessary rent and utility bills, pack up his bags, and go home.
Answer: The answers are DECLARATION; LIABILITY; REDUCED; HOLDER-OF-RECORD DATE
Explanation: Dividend is a sum of money aid regularly by a company to its owners. A Stockholder listed as an owner on the holder-of- record date is entitled to dividend when declared.
When a dividend is declared, it is stated as a liability as it becomes a debt to the organisation. This dividend payable is taken from the retained earnings of the organisation.
Answer:
(a) 2
(b) 2.25
(c) 12.5%
Explanation:
To solve this question we need to remember that
(a) 10 persons produce 160 valves in 8 hours, this implies a productivity of 2=160/(8x10)
(b) 2.25= 180/(8x10)
(c) Percentage change is given by (2.25-2)/2=.125
