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zheka24 [161]
4 years ago
9

Ramon's checking account requires that he maintain a minimum balance of $2000 to avoid a monthly service fee, and his balance at

the beginning of this month was $2183.62. If Ramon's transactions so far this month have been a direct deposit of $562.56 on the 3rd of the month, a check written by Ramon on the 6th of the month to his landlord for $750 that cleared the next day, and a cash deposit of $100 on the 9th of the month, has Ramon been able to avoid the monthly service fee?
Business
2 answers:
geniusboy [140]4 years ago
7 0

Answer:

The answer is: No, Ramon wasn't able to avoid paying the monthly service fee.

Explanation:

Ramon's daily balance account was:

1 - $2,183.62

3 - $2,746.18

7 - $1,996.18 His balance is below $2,000

9 - $2096.18

The minimum daily balance of $2,000 is what Ramon's bank required him to at least have in his account in order to avoid paying the monthly service fee. Since his landlord cashed the check the next day, Ramon's balance was lower than the minimum required.

allsm [11]4 years ago
4 0

no his lowest balance so far this month has been $1966.18.

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mars1129 [50]

Answer:

The holding period return is 8%

Explanation:

In this question we need to find the holding period return for the stock, and for that we would need to know what is the stocks current price, what would the stocks price be in one year and how much dividend it will pay during the year. Their last dividend paid was $4 and their dividend is expected to grow at 5% in the future so the dividend paid in the current year would be 4*1.05= 4.2.

To find the current price of the stock we will use the DDM formula

DDM= D*(1+G)/R-G

(4*1.05)/(0.08-0.05)

Price = 140

Now we need to know what the stocks price would be in one year. For that we need to know the previous dividend which is 4.20, the growth rate which is 5% and the required rate of return which is 8%

DDM= (D*(1+G)/R-G

4.2*1.05/0.08-0.05

Price = 147

So now we know the current price, current year dividend and year end price we can calculate the holding period return.

Holding period return = (Dividend +(End of period price-Initial Price))/Initial Price

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Initial Price = 140

Holding period return = 4.20+(147-140)/140

=11.20/140

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5 0
3 years ago
You are attending a training session on the principles that will help you do a better job of managing a new company-wide diversi
Vesnalui [34]

Answer:

Managing a Company-wide Diversity Program

1. The statement that effectively illustrates a diversity principle is:

Statement 2

You will be better able to increase the diversity of your workforce if you interview candidates with entry-level experience even though it might be ideal to hire someone with years of experience.

2. You should choose statement ___2______as the more appropriate strategy for managing diversity, since it is an example of__managing high standards_______.

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Explanation:

Workplace diversity is an important current topic.  Diversity encourages productivity, creativity, innovation, and increased customer service.  Diversity ensures that our limited worldviews are expanded to include others who are not, and do not think, like us but are humans created in Love and Mercy, to work with us, to make the world a better place.  In today's workplace, a diverse culture looks beyond the familiar-cultural boundaries to embrace diverse peoples without minding their sex, race, sexual orientations, education, and other human attributes.

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3 years ago
Corporation includes $200,000 of $1 par common stock and $400,000 par of 6% cumulative preferred stock. The board of directors o
vlabodo [156]

Answer:

The amount of dividends paid to common stockholders in 2021 $18000.

Explanation:

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Total dividend on preferred stock = 24000 + 8000 = $32000

The amount of dividends that common stock holders will receive in 2021 = 50000 - 32000 = $18000

4 0
3 years ago
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allochka39001 [22]

<u>The answer is "False".</u>


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Although taken as a hypothetical instance with the aid of using Lloyd, the ancient death of the commons of Britain and Europe resulted now no longer from misuse of long-held rights of utilization with the aid of using the commoners, however from the commons' owners enclosing and appropriating the land, abrogating the commoners' rights.

To know about tragedy of the commons click here

brainly.com/question/9680058

#SPJ4

8 0
2 years ago
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