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Elan Coil [88]
3 years ago
5

What is a minimum balance? A. The process of balancing your checkbook register against your bank statement B. The largest number

of checks you can write in a month C. The smallest withdrawal you can make from a bank account D. The smallest amount of money you can keep in a bank account
Business
2 answers:
Airida [17]3 years ago
6 0

Answer:

D. The smallest amount of money you can keep in a bank account

Explanation:

The minimum balance is the minimum amount of money a bank account holder must keep in his account to keep it active. Some banks require the account holder to maintain a minimum amount in order to use the bank's services without paying fees, otherwise the bank will charge a fee during the statement cycle. This is because banks use account balances to make interest-bearing applications. If your balance is not sufficient for the bank to receive a certain amount when applying your money, the monthly fee will be charged to your account.

Leno4ka [110]3 years ago
3 0

Answer:

What is a minimum balance?

D. The smallest amount of money you can keep in a bank account

Explanation:

For bank accounts, the minimum balance is the minimum dollar amount that a customer must have in an account to receive some service benefit, such as keeping the account open or receiving interest

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C should be the correct answer if not it’s A
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3 years ago
An assessor explains to you that the market value of your property was converted to the assessed value using what's called an as
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The assessment ratio, which is used to convert the value of property to the assessed value, can also be considered <u>Equalization Rate</u>.

<h3>What is the equalization rate?</h3>

The equalization rate is the ratio of the total assessed value (AV) to a municipality's total market value (MV).

The equalization rate is a measurement of a municipality's level of assessment (LOA) by the state.

This implies that the municipality determines the AV while the state determines the MV.

Thus, the assessment ratio, which is used to convert the value of property to the assessed value, can also be considered <u>Equalization Rate</u>.

Learn more about the equalization rate at brainly.com/question/5428406

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5 0
2 years ago
The income effect indicates that a ______ price increases the purchasing power of income, enabling consumers to purchase ______
Margaret [11]

Answer:lower;more

Explanation:

5 0
1 year ago
The following information pertains to Lightning Inc., at the end of December: Credit Sales $ 20,000 Accounts Payable 10,000 Acco
OLEGan [10]

Answer:

Lightning Inc.

Computation of Bad Debts Expense:

7% of $7,500 =   $525

21% of $1,600 =    336

46% of $1,300 =   598

Total                 $1,459

Explanation:

a) Data and Calculations:

Credit Sales $ 20,000

Accounts Payable 10,000

Accounts Receivable 10,400

Allowance for Uncollectible Accounts 400 credit

Cash Sales 20,000

Lightning uses the aging method and estimates it will not collect 7% of accounts receivable not yet due, 21% of receivables up to 30 days past due, and 46% of receivables greater than 30 days past due.

The accounts receivable balance of $10,400 consists of $7,500 not yet due, $1,600 up to 30 days past due, and $1,300 greater than 30 days past due.

Age Analysis of Accounts Receivable balance of $10,400

                  Not yet due     up to 30 days         greater than 30

                                               past due              days past due

Percentage         7%                         21%                  46%

Balance           $7,500                  $1,600               $1,300

Bad debts          $525                     $336                 $598

Bad debts Expense = $1,459            

6 0
3 years ago
How would you classify the content distribution channel that uses influencer and outreach marketing to increase a brand's reach?
lidiya [134]

Answer:

Published Category

Explanation:

Content distribution is simply the act of promoting content to online audiences in multiple media formats through various channels. Content distributon channels can come in 4 ways.

1. Paid

2.Owned

3. Earned

4. Published

This falls under the published category because these advertisements are generally found in the form of published media such as books, magazines and even movies.

8 0
3 years ago
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