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3 years ago

At what point in life should I using a checking account and why?

Business

1 answer:

Gwar [14]3 years ago

3 0

When you're in middle school or younger, so you can save up money for college, a car, or whatever you need.

You might be interested in

How has private enterprise strengthened the united states economy?

Marina86 [1]

Answer:

to generate prosperity and produce goods and services that meet people's needs and improve their lives.

Explanation:

Because businesses cannot outgrow the economy of their communities

7 0

3 years ago

On January 1, 2018, Lumos Company purchased a machine for $70,200. Lumos uses straight-line depreciation and estimates an eight-

jeka94

Answer:

Gain= $4,200

Explanation:

Giving the following information:

Purchase price (2018)= $70,200

Salvage value= $5,400

Useful life= 8 years

Selling price= $42,000

First, we need to calculate the depreciation expense and accumulated depreciation:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (70,200 - 5,400) / 8

Annual depreciation= $8,100

Accumulated depreciation (ending 2021)= 8,100*4= $32,400

If the selling price is higher than the book value, the company gain from the sale. Now, we need to determine the book value.

Book value= purchase price - accumulated depreciation

Book value= 70,200 - 32,400= $37,800

Gain/loss= selling price - book value

Gain/loss= 42,000 - 37,800

Gain= $4,200

6 0

3 years ago

When everyone correctly anticipates that the Fed will buy government securities, then they know that prices will increase. Which

Veseljchak [2.6K]

Answer:

C. Producers will prevent the price level from increasing and hurting their sales.

Explanation:

When the FED buys securities from the public, the money supply increases and this raises the general price levels.

When general price level increases, workers would demand higher wages and the prices of goods and services would rise.

I hope my answer helps you

6 0

3 years ago

A customer has a fully paid options position and is long marginable stock. Subsequently he receives a margin call on his long st

Feliz [49]

Answer: II and III

Explanation:

From the question, we are informed that a customer has a fully paid options position and is long marginable stock and that subsequently he receives a margin call on his long stock position.

The statements that are true are that the customer cannot borrow against the long options contracts to satisfy the margin call and the long option contracts have a loan value of 0%.

Therefore, option C is the right answer.

8 0

3 years ago

The accounting hired by Forever Fitness have determined total fixed cost to be $75,000, total variable cost to be $130,000, and

yan [13]

Answer:

Option D. Shut down because staying open would be more expensive.

Explanation:

The reason is that the total variable cost is lower than the total revenue which means the company can not reduce its variable cost so it is meaningless to produce the product. So the best option left is not to generate loss by simply shutting down the business.

5 0

3 years ago