1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
pochemuha
3 years ago
6

After reading the new account insert in his monthly​ statement, Tony Mercadante determined that the FDIC considers a joint accou

nt as a separate depositor. He and his wife Cynthia have three accounts at ABC Bank​ & Trust, one joint account with a balance of ​$60 comma 09960,099 and two individual accountsminus−his has a ​$120 comma 712120,712 balance and hers has a ​$253 comma 629253,629 balance. What amount of FDIC coverage do Tony and Cynthia have on their​ accounts?
Business
1 answer:
yarga [219]3 years ago
5 0

Answer: Please refer to Explanation

Explanation:

According to the Federal Deposit Insurance Corporation, the limit to the amount a person can be insured for is, $250,000 per depositor, per insured bank.

That means that Tony's account at a balance of $120,712 is covered completely as it is well below $250,000.

Their Joint account is also completely covered at $60,099.

Cynthia however does not have complete coverage as her bank account exceeds to the coverage limit by $3,629 which will not be covered.

Should be noted that should she transfer this excess to the joint account then she should be fully covered.

You might be interested in
A cut in taxes _____, shifting the aggregate demand curve to the _____. increases corporate profits and investment; left increas
umka2103 [35]

Answer:

Increases disposable income and consumption; right

Explanation:

A reduction in the taxes by the government of a particular nation will increase the disposable income of the consumers of that nation. A disposable income refers to the income of the consumer after deducting the taxes.

Hence, if the disposable income of the consumer increases then as a result this will increase the purchasing capacity of the consumers and  the demand for goods & consumption level also increases.

Due to this increase in the disposable income and consumption level, there is a rightward in the aggregate demand curve.

5 0
3 years ago
Firm A and Firm B are the only two companies that sell mail-order DVD rental subscriptions. For several years, Firm A priced its
sveta [45]

Answer:

b. Firm A engaged in predatory pricing.

Explanation:

Since Firm A and B are the only two companies that sell mail-order DVD rental subscriptions.

Firm A decided to price its subscriptions below average variable cost thereby causing Firm B to also sell subscriptions below average variable cost, but they went bankrupt and exited the market. Firm A then raised prices by 40% and is currently earning large, positive economic profits.

Based on this information only, an argument can be made that Firm A engaged in predatory pricing.

Predatory pricing is a marketing or pricing strategy that involves lowering the cost of goods and services for a short-term, in order to lure competing firms to lower their price, thus causing them to go bankrupt and exiting from the market.

3 0
3 years ago
Which of the following is true of external recruiting, compared to internal recruiting?
Mkey [24]

Answer:

The answer is E. The process takes longer

Explanation:

External recruitment is the process of announcing vacancies to the people outside ones organization while Internal recruitment is the process of announcing vacancies for the internal staffs only.

The process of external recruitment is usually longer and more expensive than internal recruitment. For example, payment to publish the vacancies in any national newspapers or payment for outsourcing company that specializes in recruitment.

Option A is wrong because external recruitment discourages employee loyalty.

Option B in incorrect because this is so for internal recruitment

8 0
3 years ago
Which of the following is the primary reason firms use competitive marketing​ intelligence? A. To assess and respond to a​ compe
Margarita [4]

Answer: Option B

Explanation: Competitive intelligence refers to the study of different factors of the business environment by the organisation for helping the senior management to make strategic decision making.

This study analyzes the factors that directly affects the organisation. The channel of distribution of the competitor can be used to understand their strategy for making their market. An organisation could use this information by improving their channel and gaining a competitive advantage.

Hence from the above we can conclude that the correct option is B

8 0
3 years ago
Explain one impact on business of rising interest rates
Tanya [424]
The rising interest rates make it harder to start concrete businesses (worse loans) so an impact would be online businesses gaining popularity.
8 0
3 years ago
Other questions:
  • According to the video game industry’s statistics, the average gamer is 34 years old. Imagine the standard deviation for age is
    9·1 answer
  • A model for a​ company's revenue from selling a software package is ​r(p)equals=minus−2.52.5p2plus+850850​p, where p is the pric
    9·1 answer
  • In the united states about ________ of all jobs are in consumer services.
    10·1 answer
  • Based on the following​ information, what is the balance on the current​ account? Exports of goods and services​ = $12 billion I
    8·2 answers
  • Pete is trying to get a loan. He has a credit score of 480. How is Pete’s lender likely to view this credit score?
    6·2 answers
  • The proper discount rate when using the dividend discount valuation model is the:
    14·1 answer
  • Colombia has an absolute advantage in producing coffee relative to the United States.
    5·1 answer
  • LP Gas has a cost of equity of 16.31 percent and a pretax cost of debt of 7.8 percent. The debt-equity ratio is .56 and the tax
    8·1 answer
  • Talia’s Tutus bought a new sewing machine for $55,000 that will be depreciated over 5 years using double-declining-balance depre
    10·1 answer
  • If a seller fails to deliver the goods, the buyer can purchase other goods to substitute for those due under the contract, but c
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!