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mr Goodwill [35]
3 years ago
12

What is the maximum number of withdrawals per month for a money market account?

Business
1 answer:
vladimir2022 [97]3 years ago
7 0
The answer should be 6. Six
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Jerry contributed $8,000 for a 25% interest in a bookstore. He also contributed a cash register, with a fair market value of $49
Marta_Voda [28]

Answer:

The Jerry's partnership basis in the bookstore at the end of the year is $23,350.

Explanation:

Workings

Contributed Capital = $   8,000

Add: Adjusted basis of cash register = $       350

Add: Share of Profit ($60000 X 25%) = $ 15,000

Partnership basis at the end of the year = $ 23,350

8 0
3 years ago
Warren, Inc. purchased a $400,000 life insurance policy on the company president on January 1, 2017. The premium that was paid o
stealth61 [152]

Answer: $10,400

Explanation:

4 0
3 years ago
Walter had to invest. He split the money into three types of investment: small caps earning , global market investments earning
Viktor [21]

Answer:

a big number

Explanation:

6 0
2 years ago
Airline Accessories has the following current assets: cash, $96 million; receivables, $88 million; inventory, $176 million; and
garri49 [273]

Answer and Explanation:

The computation of the current ratio and the acid ratio is shown below:

The current ratio is

= Current assets ÷ current liabilities

= ($96 + $88 + $176 + $12) ÷ ($86 + $29)

= $372 ÷ $115

= 3.23 times

And, the quick ratio is

= Quick assets ÷ current liabilities

= ($372 - $176) ÷  ($86 + $29)

= $196 ÷ $115

= 1.70 times

Hence, the current ratio and the acid-test ratio is 3.23 times and 1.70 times respectively

5 0
3 years ago
5. Calculating tax incidence Suppose that the U.S. government decides to charge cola consumers a tax. Before the tax, 40 billion
vazorg [7]

Answer:

The amount of tax on a case of Cola is ;

= Selling price - Producer gain

= 6 - 2

= $4

The burden that falls on consumers is;

= Current selling price - Previous selling price

= 6 - 5

= $1

The burden that falls on the producers is;

= Selling price less consumer tax - Producer gain

= 5 - 2

= $3

The effect of the tax on the quantity sold would have been larger if the tax had been levied on producers. <u>FALSE. </u>

Whether the tax is on the producer or on the consumer makes no difference because the quantity sold will be the same. The statement is therefore false.

4 0
3 years ago
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