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3 years ago

What’s the purpose of balancing or monitoring your checking account?

2 answers:

6 0

The purpose is to prevent going into the negative zone. When you start paying with checks and you don't have money on your account that's the same as stealing things which means that you can get arrested for paying with checks while not having money. It's like fraud. Also, in case you're late with payments, you can get interest rates that don't suit you.
Please mark brainliest, thank you! c:

Rom4ik [11]3 years ago

4 0

Balancing and/or monitoring your checking account will prevent catastrophic lack of funds during your monthly billing expenditure cycle; i.e. so you don't go broke before you can pay your bills each month.

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Your seller wants to net $100,000 after the 5% commission is paid. Assuming no closing costs, at what price does the home need t

AleksandrR [38]

Answer:

The home needs to sell for $105,263.16 for the seller to receive net of $100,000.00

Explanation:

The amount that the home needs to sell can derived from the net to seller's formula given as: Net to seller = Sale Price * (100% - commission rate)

Net to seller=$100000

Sale price is unknown

commission rate is 5%

$100000=sale price*(100%-5%)

$100000=sale price *95%

sale price =$100000/95%

sale price =$105263.16

For the seller to receive $100000 after 5% commission the property must e sold for $105,263.16

3 0

2 years ago

Souped Inc., a firm that manufactures ready-to-eat soups, offers incentives based on an employee's performance rating and the em

mel-nik [20]

Answer: B -Merit Pay

Explanation: Merit pay is a performance based incentive to employees. It is financial in nature which means that an employee might be given a bonus or a pay rise for an outstanding performance.

Merit pay is a good performance compensation policy which helps to boost employees performance and there by increasing a company's overall goals of profit making.

Merit pay is a very good incentive which gives employees a sense of belonging in an organisation. it helps employees boost their moral as they are sure that their efforts will be well compensated by the organisation.

5 0

2 years ago

Assume Aircastle reported $20 million in goodwill on its acquisition of Broadvision. Assume the fair value of the earnout in agr

hoa [83]

Answer:

Journal Entry

Dr. Contingent Consideration Liability $500,000

Cr. Goodwill $500,000

Explanation:

It is assumed that the decline in the fair value is the correction of the acquisition entry. It means due to this event the consideration liability and goodwill are overstated we need to rectify the balances.

Hence,

The contingent consideration liability will be debited to reduce the liability and goodwill will also be decreased by crediting the goodwill account.

4 0

2 years ago

Assume Canada can either produce three bushels of barley or six bushels of hay in a set period of time, and China can produce ei

mario62 [17]

Answer:

Explanation:

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5 0

3 years ago

What is the stock price per share for a stock that has a required return of 16%, an expected dividend $2.7 per share, and a cons

Anit [1.1K]

Answer:

Price of stock = $49.5

Explanation:

<em>The Dividend Valuation Model(DVM) is a technique used to value the worth of an asset. According to this model, the value of an asset is the sum of the present values of the future cash flows would that arise from the asset discounted at the required rate of return. </em>

If dividend is expected to grow at a given rate , the value of a share is calculated using the formula below:

Price of stock=Do (1+g)/(k-g)

Do - dividend in the following year, K- requited rate of return , g- growth rate

DATA:

D0- 2.7

g- 10%

K- 16%

Price of stock = ( 2.7×1.1)/(0.16-0.1) = 49.5

Price of stock = $49.5

3 0

2 years ago