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Natalka [10]
2 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]2 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]2 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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Business a decides to increase production of cars by buying new robots this is an example of
Korolek [52]

Answer:

Do you have any answer choices?

Explanation:

5 0
3 years ago
In September, Year 1, West Corp. made a dividend distribution of one right for each of its 120,000 shares ofoutstanding common s
Sphinxa [80]

Answer:

The correct answer is option C.

Explanation:

Dividend distribution in the first year = 120,000 shares of outstanding common stock

Each right was exercisable.

Though none of the rights have been exercised.

The shares have been redeemed by paying each stockholder=$0.10/right

Reduction in the West's stockholder's equity

=Number of shares*amount paid for redemption

=120,000*$.10

=$12,000

So, option C is the right answer.

8 0
3 years ago
Somebody report all my post thank you ‍♀️ I wanted everything deteled !!!!
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I’m sorry to hear that
7 0
2 years ago
Which of the following are good choices for your appearance in an interview?
nexus9112 [7]

-dress nicely

-be prepared

-empathize

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4 0
3 years ago
Read 2 more answers
Selected current year company information follows:
koban [17]

Answer:

b. 2.81 times

Explanation:

Calculation to determine Total stockholders' equity, end-of-year 121,851

Total asset turnover is:

First step is to calculate the Total assets

Beginning Ending

Total liabilities $83,932 $103,201

Total equity 198,935 121,851

Total assets $282,867 $225,052

Now let determine the Total asset turnover

Total asset turnover = $712,855/[($282,867 + $225,052)/2]

Total asset turnover= 2.81 Times

Therefore Total stockholders' equity, end-of-year 121,851

Total asset turnover is:2.81 Times

6 0
2 years ago
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