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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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Revision of Depreciation
alexgriva [62]
  1. The annual depreciation expense is $17,000.
  2. The book value at the end of the twentieth year of use is $425,000.
  3. The depreciation expense for each of the remaining 20 years is $20,000.
<h3>What is the annual depreciation expense?
</h3>

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

Annual depreciation = ($765,000 - $153,000) / 36 = $17,000

Book value in the 20th year = cost of the asset - accumulated depreciation

765,000 - (17,000 x 20) = $425,000

Depreciation expense for each of the 20 years = (book value - new residual value) / new useful life

(425,000 - $25,000) / 20 = $20,000

To learn more about straight line depreciation, please check: brainly.com/question/6982430

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A pharmacy has determined that a healthy person should receive 70 units of proteins, 100 units of carbohydrates and 20 units of
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