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mixer [17]
3 years ago
12

checking account A charges a monthly service fee of $23 and a wire transfer fee of $7.50, while checking account B charges a mon

thly service fee of $14 and a wire transfer fee of $9.50. Which checking account is the better deal if four wire transfer are made per month?
Business
2 answers:
emmainna [20.7K]3 years ago
6 0
Checking account B by one dollar
Schach [20]3 years ago
5 0

Answer:

The checking account that is the better deal if four wire transfer are made per month is account B.

Explanation:

If four wire transfer are made per month:

Account A:                                          

service fee= $23

Wire transfer fee= $7.50*4= $30

Cost per month= $53

Account B:                                          

service fee= $14

Wire transfer fee= $9.50*4= $38

Cost per month= $52

Account A cost $53 and account B cost $52.

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On an afternoon that a class meets, you could alternatively study for an exam that will take place in another class the next mor
EastWind [94]

Answer:

D) being unable to engage in all three of the above activities.

Explanation:

An opportunity cost is the cost (or lost benefit) of choosing one activity or investment over another. In this case, if the student decides to attend afternoon class, he/she will not be able to benefit from:

  • taking a nap
  • seeing a movie with a friend
  • studying for next morning's test

So all the three activities represent the opportunity cost of attending afternoon class.

4 0
3 years ago
jacob owns a policy that pays a death benefit only if he dies within the 20-year policy period. if jacob dies anytime that the p
galina1969 [7]

Jacob owns a policy that pays a death benefit only if he dies within the 20-year policy period. if jacob dies anytime that the policy is in force, his beneficiary will receive $100,000. the premium that jacob pays for this policy will be the same throughout the 20-year policy period. jacob owns A level term policy.

A purposeful set of rules designed to direct behavior and produce logical results is called a policy. A policy is a declaration of intent that is carried out through a method or protocol. Typically, a governance board inside a company adopts policies. Both subjective and objective decision-making can benefit from policies.

A government or other institution's policy may be a legislation, rule, process, administrative decision, inducement, or voluntary practice. Resource allocations frequently reflect policy decisions. Policies in many different industries can affect health.

Learn more about policy here

brainly.com/question/1578160

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5 0
2 years ago
3. If a balance sheet were prepared for Pala Medical Co. on June 30, 20Y1, what amount should be reported as cash?
Andru [333]

Complete Question:

The cash account for Pala Medical Co. at June 30, 20Y1, indicated a balance of $166,436. The bank statement indicated a balance of $195,688 on June 30, 20Y1. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items:

a.  Checks outstanding totaled $19,427.

b.  A deposit of $12,300, representing receipts of June 30, had been made too late to appear on the bank statement.

c.  The bank collected $26,500 on a $25,000 note, including interest of $1,500.

d.  A check for $4,000 returned with the statement had been incorrectly recorded by Pala Medical Co. as $400. The check was for the payment of an obligation to Skyline Supply Co. for a purchase on account.

e.  A check drawn for $195 had been erroneously charged by the bank as $915.

f.  Bank service charges for June amounted to $55.

Answer:

Pala Medical Co.

Cash amount in the balance sheet = $189,281

Explanation:

a) Calculations:

Adjusted Cash balance at June 30, 20Y1

Cash balance                      $166,436

c) Note received by bank      25,000

c) Interest on the note             1,500

d) Returned check                 (3,600)

e) Bank charges                         (55)

Adjusted cash balance     $189,281

b) Balance as per bank statement = $195,688

a.  Checks outstanding totaled           ($19,427)

b.  A deposit of                                     $12,300

e. Overstated cheque                               720

Adjusted bank statement balance   $189,281

c) Preparing a bank reconciliation helps to identify discrepancies between the cash book balance of Pala Medical Co and the company's bank statement balance.  After the necessary adjustments, the two balances always agree and the adjusted figure is taken to the balance sheet.

4 0
3 years ago
On January 1, Year 1, Raven Limo Service, Inc. paid $64,000 cash to purchase a limousine. The limo was expected to have a six ye
MAXImum [283]

Assuming Raven uses straight-line depreciation, the Company would recognize a $2,000 gain.

<h3>What is straight-line depreciation?</h3>

The simplest way to determine depreciation over time is through straight-line depreciation. According to this strategy, an asset's value is reduced by the same amount for each year that it is in use.

<h3>Depreciation formula:</h3>

(Depreciation expense per year = (Cost of the asset - Salvage value) ÷ Useful life.

The given data is -

The cost of asses is given as $64,000.

The salvage value is given as $10,000.

The sole price is $30,000.

Calculation for the depreciation-

Depreciation expense per year = ($64,000 Cost - $10,000 Salvage) ÷ (6               Year life)

Depreciation expense per year = $9,000

Accumulated depreciation on January 1, Year 5 = ($9,000 per year) × (4 years)

Accumulated depreciation on January 1, Year 5 = $36,000.

Book value = $64,000 Cost - $36,000 Accumulated depreciation

                    = $28,000

Gain on sale = $30,000 Sales price - $28,000 Book value

                     = $2,000)

Therefore, the gain on the scale is  $2,000.

To know more about calculation for annual depreciation using the straight-line depreciation method, here

brainly.com/question/27971176

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4 0
2 years ago
The goal of study skills and strategy instruction is to
Norma-Jean [14]
STUDY EVERYDAY AND MAKE SURE IF YOU NEED HELP ASK
3 0
3 years ago
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