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Natalka [10]
3 years ago
6

What does it mean for a savings account to have a minimum balance? a. If you do not keep at least that much money in the account

, you will be assessed fees. b. If the amount of money you have in the account drops below the minimum, the interest rate will increase to replenish your savings to the minimum. c. You must have the minimum amount of money in a separate account before you are allowed to open a savings account. d. You must deposit that much money into the account every month or your account will be closed.
Business
2 answers:
Gelneren [198K]3 years ago
6 0
A) If you do not keep at least that much money in the account, you will be assessed fees
Aleonysh [2.5K]3 years ago
4 0

Answer:

a. If you do not keep at least that much money in the account, you will be assessed fees.

Explanation:

The savings account is the account in which the individual and a company, etc deposit their amount to the bank and withdrawal whenever they need.  

Every bank has its own eligibility criteria for maintaining their saving account by having the minimum balance in their account

If anyone is not maintaining his or her minimum balance amount that he or she has to assessed fees in terms of interest charged by bank or we called as a fine also

So in the given situation, the minimum balance in the savings account means it is a compulsory amount which is to be maintained by the individual or a company, etc that are set by the bank norms.

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​Josiah, Inc. provides the following information for​ 2017:Net income​$350,000Market price per share of common stock​$50 per sha
AURORKA [14]

Answer:

Earnings per share for 2017 = $1.707

Explanation:

Earnings per share relates to the specific period, that how much on each individual share the earnings has been during the period.

Therefore, if there is change in number of equity shares average is taken, for that.

Equity on 1 Jan 2017 = 160,000 shares

Equity on 31 December 2017 = 250,000 shares

Average = \frac{160,000 + 250,000}{2} = 205,000

Earnings per share for 2017 = \frac{Net\ Income}{Average\ number\ of\ shares}

= \frac{350,000}{205,000} = 1.707

Earnings per share = $1.71 (Rounded off)

7 0
3 years ago
High Country Corporation acquired two inventory items at a lump-sum cost of $80,000. The acquisition included 6,000 units of pro
SCORPION-xisa [38]

Answer:

$9,000

Explanation:

Calculation for the amount of gross profit that should be recognize

First step is to calculate the

A's sale value = 6,000 unit*12 per unit

A's sale value = $72,000

Second Step is to calculate B's sale value

B's sale value = 14,000 units*4 per unit

B's sale value= $56,000

Third step is to calculate the Total sale value

Total sale value = $72,000 + $56,000

Total sale value= $128,000

Fourth Step is to calculate the Cost of goods sold of A for 6,000 units and 2,000 units

Cost of goods sold of A for 6,000 units = ($72,000/$128,000) * $80,000

Cost of goods sold of A for 6,000 units = 0.5625*$80,000

Cost of goods sold of A for 6,000 units= $45,000

Cost of goods sold of A for 2,000 units = $45,000*2,000/6,000

Cost of goods sold of A for 2,000 units = $15,000

Last step is to calculate the Gross profit of A for 2,000 units

Gross profit of A for 2,000 units = (2,000*12 per units) - 15,000

Gross profit of A for 2,000 units = $24,000 - $15,000

Gross profit of A for 2,000 units = $9,000

Therefore the amount of gross profit that should be recognize will be $9,000

7 0
3 years ago
Chiến lược phân phối của thương hiệu Omo
inn [45]

Answer:No

si chang chang hoi

Explanation:

6 0
3 years ago
What are the major differences between a distributionchannel for a business making tangible products anda firm producing hospita
max2010maxim [7]

Answer:

Following are the responses to the given question:

Explanation:

The distribution channel contains several interdependent organizations responsible for the production of a material to be used or use. Different types of goods were available - either qualitative and quantitative. Although two may lead to satisfied customers, the advertising and marketing of goods differ greatly.

There are tangible items that we can see, sound, and feel. For example, in my hand, I could hold a DVD. Immaterial materials are not visible. You can hold insurance papers in the hands, for example, but it doesn't purchase. People can buy family life insurance, and they can see, touch and smell.

The tangible product distribution includes stock or retailer. It includes primarily producers, distributors, suppliers, retailers, or customers.

Generosity or travel products are distributed through companies, marketing officials, distributors, and consumers.

4 0
2 years ago
Beach bake, a small maker of a new sunscreen, needs financing to build a warehouse. the owner wants to avoid personal loans. wha
Helen [10]

Beach Bake, a small maker of a new sunscreen, needs financing to build a warehouse. The owner wants to avoid personal loans. Asset-based financing I would recommend.

What is asset based financing?

Working capital and term loans are given to businesses using a specific technique called asset-based finance. As collateral, it uses real estate, accounts receivable, machinery, equipment, and inventories. When a loan to a corporation is backed by one of the company's assets, it is effectively referred to as a secured loan.

How do asset-based loans work?

Asset-based lending refers to a loan or line of credit given to a company and secured by a piece of property. Inventory, equipment, accounts receivable, and other balance-sheet assets are just a few examples of the different types of collateral utilized in asset-based lending.

Learn more about secured loan: brainly.com/question/17077155

#SPJ4

5 0
1 year ago
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