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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.

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No, because Rule 8 applies, it is valid and constitutional, and it permits leaders to plead whatever relief they seek without the court's permission.

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1 year ago
During 2015, LeBron Corporation accepts the following notes receivable.a. On April 1, LeBron provides services to a customer on
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Answer:

The journal entries are as follows:

(a) On April 1, 2015

Notes receivable  A/c          Dr.  $7,000

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(To record provide services to customer on account)

(b) On June 1, 2015

Notes receivable  A/c          Dr.  $11,000

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(c) On November 1, 2015

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3 years ago
Given the following information, what is Macy’s market capitalization? Annual Sales $27.5B Annual Net Income $1.5B Earnings Per
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D) $21.6B

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b. the principle of rights.

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