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4 years ago

Elliot wants to open a checking account.

Business

2 answers:

Paraphin [41]4 years ago

5 0

Answer:

The common differences in benefits and or fees include :

1. Minimum opening amount

2. Withdrawal limitation - maximum spending or withdrawal depending on age

3. Cost of notification on transaction and monthly statement or hard copy statement fee.

4. Return deposit charge - fee charged on a bounced cheque

5.Overdraft charge - fee charge on unfulfilled commitment

Explanation: The benefits attached and the charges or fees incurred in managing a checking account may differ depending on the policy and business process of the financial establishment.

AnnyKZ [126]4 years ago

3 0

Answer:

The accounts may differ in minimum balance required, interest rate, ATM fees, overdraw protection, the monthly service fee, and the annual fee.

Explanation:

Please just trust me on this one (edg2020)

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During the year, a firm purchased $256,900 of merchandise and paid freight charges of $36,870. If the total purchases returns an

olga nikolaevna [1]

The net delivered cost of purchases is $270920

<u>Explanation:</u>

The given data in the question is as follows:

purchases = $256900, freight charges paid = $36870, purchase returns and allowances = $13690, purchase discounts = $9160

The net delivered cost of purchases is calculated as follows:

Purchases plus frieght charges minus purchase returns and allowances and minus purchase discounts

Purchases = $256900

add: freight charges paid = $36870

less: purchase returns and allowances = $13690

less: purchase discounts = $9160

net delivered cost = $270920

Therefore, the correct answer is $270920

6 0

3 years ago

A sunk cost is:A) a cost that may be saved by not adopting an alternative.B) a cost that may be shifted to the future with littl

Alex Ar [27]

Answer: The correct answer is "C) a cost that cannot be avoided because it has already been incurred.".

Explanation: Sunk costs are those costs that have already been incurred and cannot be recovered in the future.

Example: Suppose a company wants to launch a new product for which it has commissioned a market study whose cost is $ 5000.

Once the market study is obtained, the company is not convinced that the product will be successful. When analyzing the decision The first thing to recognize that the expenses incurred ($ 5000) are sunk costs, will not be recovered and therefore should not influence the decision about the product.

4 0

3 years ago

You just purchased a brand new BMW 7-series for $97,600 using a dealer loan at an interest rate of 6.75 percent and zero down pa

Ivenika [448]

To calculate the loan balance after making the third payment, we use the future value concept, which shows the balance as $61,153.54.

<h3>What is the future value concept?</h3>

The future value concept describes the idea that the present value of cash flows today are not worth the same as their future value because of the time value of money.

The future value can be computed using the following future value formula:

FV = PV(1+r)^{n}

FV = future value

PV = present value

r = annual interest rate

{n} = number of periods interest held

Alternatively, we can use an online finance calculator to determine the future value of the loan after the third payment as follows:

<h3>Data and Calculations:</h3>

N (# of periods) = 7 years

I/Y (Interest per year) = $6.75

PV (Present Value) = $97,600

FV (Future Value) = $0

<u>Results:</u>

Annual Payment = $16,817.29

Sum of all periodic payments = $117,721.04 ($16,817.29 x 7)

Total Interest = $20,121.04 ($117,721.04 - $97,600)

Balance after the third payment = $61,153.54

<h3>Schedule of Payment:</h3>

Period PV PMT Interest FV

1 $97,600.00 $16,817.29 $5,452.83 $86,235.54

2 $86,235.54 $16,817.29 $4,685.73 $74,103.98

3 $74,103.98 $16,817.29 $3,866.85 $61,153.54

4 $61,153.54 $16,817.29 $2,992.70 $47,328.95

5 $47,328.95 $16,817.29 $2,059.54 $32,571.19

6 $32,571.19 $16,817.29 $1,063.39 $16,817.29

7 $16,817.29 $16,817.29 $0.00 $0.00

Thus, the loan balance after making the third payment is $61,153.54.

Learn more about determining the loan balance at brainly.com/question/22846480

8 0

3 years ago

Strategic alliances refer to a.Multinational firms that have as many different product variations, brand names, and advertising

pentagon [3]

Agreements between two or more independent firms to cooperate for the purpose of achieving common goals such as a competitive advantage or customer value.

Answer: Option D.

<u>Explanation:</u>

Strategic alliance is the alliance of two or more firms or companies with each other. This alliance has been formed by tow or more companies with each other in order to achieve common goals.

But this does not mean that these firms and companies will give up their independence in forming their alliance. The goals for forming this is to earn profits and get access to the market.

3 0

4 years ago

An example of public relations is a ____________.

BARSIC [14]

Answer:

D- charitable activity such as an exhibit or parade sponsored by a business

Explanation:

charity commissions a public relations agency to create an advertising campaign to raise money to find a cure for a disease.

5 0

3 years ago