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Sidana [21]
2 years ago
11

What can be a cost of opening a basic checking account?

Business
2 answers:
ivanzaharov [21]2 years ago
5 0

Answer: High Fees

Explanation:

Checking accounts are very useful to the common person because of the liquidity they offer. With a Checking account, you are able to make withdrawals whenever you want by way of checks or ATM cards as many times as you want. Electronic transfers are available and depositing is quite simple.

In exchange for this high Liquidity though, the account receives low interest and can be subject to quite a number of fees.

Depending on the bank there are different fees attached with some of the most common being, Card processing fees, electronic and mobile banking fees, Overdraft fees, Maintenance fees and sometimes even a fee for letting the account drop below a minimum value.

dedylja [7]2 years ago
4 0

The CORRECT ANSWER is "check writing limits" I just took the test:) Hope this helps

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Lawrence has been asked to learn how many cars drive by a specific location that his company is considering for a new restaurant
lapo4ka [179]

Answer:

The answer is  Investigating Primary Sources

Explanation:

I chose this answer because According to this problem, even though it doesnt say it, the smartest way to investigate a location you want to make a business  

really you would need to see the sources for it.

3 0
2 years ago
identify and discuss three or four of the major elements required in the statement on standards for valuation services (SSVS). B
vichka [17]

Explanation:

Statement on standards for valuation services:

AICPA members are required to follow the statement of standards for valuation services , Valuation of business , Business ownership interest , Security or Intangible asset when they perform engagements to estimate value that culminates in the expression of a conclusion of value or a calculated value.

<u>Major Elements:</u>

  i) Sufficient evidence

Sufficient evidence must be gathered by such means as inspection, inquiry  computation, and analysis to ensure that the business valuation conclusion and report are properly supported.

  ii) Documentation

The valuation analyse must document matters , which are important in providing evidence to ;

  a) Support the business valuation conclusion;

  b) Justify decision made in the contact of engagements and;

  c) Demonstrate that the engagement was carried out in accordance with the standards for valuation services of the AICPA.

 iii) Minority , Majority and common issues

The valuation analyst should consider anything that may affect minority  majority or control issues , including but not limited to:

          - Laws

          - Agreements and contracts

          - Possible strategic or synergistic value

          - Veto power

          - Other relevant factors

 iv) Scope of work

Scope should be supportable and consistent with expectation of participants and peers in the market for similar services and in compliance with these valuation standards.

7 0
3 years ago
Green T-Shirt Processing has a unit sales price of $20 for their t-shirt. The contribution margin percentage is 70%. If they sol
Rom4ik [11]

Answer:

Net operating income= 88,000

Explanation:

Giving the following information:

Selling price= $20

Unitary variable cost= 20*0.3= 6

Fixed costs= $10,000

Units sold= 7,000

<u>We need to calculate the net operating income:</u>

Sales= 20*7,000= 140,000

Variable cost= 6*7,000= (42,000)

Contribution margin= 98,000

Fixed costs= (10,000)

Net operating income= 88,000

7 0
2 years ago
When are product costs included on the income statement?
ioda

Answer:

The correct answer is D. When the product is sold and delivered to a customer.

Explanation:

It is recognized at the time of the sale, because the company receives an income as a result of the recovery of its cost plus the established profit margin. When the sale has not been made, it remains within the product inventories until the sale occurs and becomes an operational income.

4 0
2 years ago
Mandel transferred property to his new corporation in a section 351 transaction. Among the several properties transferred by Man
JulsSmile [24]

Answer:

False

Explanation:

§ 351 establishes that businesses shall not recognize any capital gain or loss from property transferred to them in exchange of stocks or partnership share. So the businesses have to record this type of transactions at their fair market value and not their tax basis.

5 0
2 years ago
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