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Thepotemich [5.8K]
2 years ago
11

Describe at least four ways you can take money out of a checking account

Business
2 answers:
SOVA2 [1]2 years ago
6 0
You can either take it out from the atm yourself, get cash back using the card at a store/gas station, go inside of the bank or move the money from banks if you have an online app or website
Eddi Din [679]2 years ago
3 0

Answer: Visit a branch location, write a check, activate cardless ATM access, and use mobile banking

Explanation: for the first one, you can withdraw money directly from your bank during regular business hours. You'll need a photo ID as well as your account number, which the teller can look up if necessary. For the second one, if you have a checking account, you can write a check to yourself or to cash. The check can be cashed at a bank or even at some supermarkets and retail stores. These locations often stay open after banks close. The third, how many banks provide emergency ATM access to members whose cards have been lost or stolen. A customer service representative will give you a code to access your account and withdraw funds. The last one, Banks like Wells Fargo, Bank of America, and Chase now allow customers to use their phones at ATM machines. rather than a PIN number, you scan a code to withdraw money from an account. You will need to download your Banks mobile application to your device first.

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Assume the following data concerning a purchase of merchandise by Icon Co. on April 2:
Eduardwww [97]

The purchase amount that Icon Co. would record on April 2 would be: <u>c. $4,000</u>.

<h3>What is the purchase amount to be recorded?</h3>

The purchase amount that should be recorded on the date of purchase is the amount of the transaction.  This does not take into account the return and discount which happened later.

This implies that Icon Co. will reduce the purchase amount on April 4 when half of the goods were returned with a contra entry.  And discount will be based on the balance of $2,000 instead of $4,000.

<h3>Data and Calculations:</h3>

Purchase on April 2 = $4,000

Purchases Return on April 4 = $2,000

Thus, the purchase amount that Icon Co. would record on April 2 would be: <u>c. $4,000</u>.

Learn more about recording credit purchases at brainly.com/question/5651500

6 0
2 years ago
The primary drawback of the edison talking machine for sound recording was:
Nataliya [291]
Only one recording of a given sound could be made; copies were not possible. 
Hope this helps! :)

4 0
3 years ago
If Malaysian companies are highly efficient in the production of textiles and U.S. companies are highly efficient in the product
rosijanka [135]

If Malaysian companies were more efficient in textile production and the U.S. was more efficient in computer software, they should sign a <u>Free trade agreement. </u>

<h3>What would a free trade agreement do?</h3>

A free trade agreement allows for countries to be able to trade without any restrictions.

Implementing a free trade agreement here would allow funds to freely move to Malaysia for textile production, and to the U.S. for software companies.

In conclusion, this is a free trade agreement.

Find out more on free trade agreements at brainly.com/question/2201430.

3 0
2 years ago
9. Mackenzie PLC is considering expanding a production line. The new equipment for the line will cost $255,000. In addition, the
NNADVOKAT [17]

Answer:

Net Present Value = $59,632.78

Explanation:

<em>The net present value NPV) of a project is the present value of cash inflow less the present value of cash outflow of the project. </em>

<em>NPV = PV of cash inflow - PV of cash outflow </em>

Present value of cash inflow:

65,000 × (1.09375)^(-1) + 98000 ×(1.09375)^(-2)+ 126,000 ×(1.09375)^(-3)+  132,000 × (1.09375)^(-4)= 326882.7792

PV of annual maintenance cost :

=1,500 × (1- 1.09375^(-4))/0.09375

=4819.84773

NPV = 26882.7792  - 4819.84773 - (255,000+12250)

= 59,632.78

8 0
3 years ago
You decide to invest in a period annuity that offers 4.5% APR compounded monthly for 20 years. How much money will you need to i
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$553,229.03 this is the answer for APEX
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