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bazaltina [42]
2 years ago
6

The bank is considering paying interest to customers carrying daily checking account balances in excess of a certain amount. If

the bank does not want to pay interest to more than 4% of its checking account customers, what is the minimum daily balance on which it should be willing to pay interest? (Round your answer to the nearest dollar)
Business
1 answer:
olya-2409 [2.1K]2 years ago
5 0

Answer:

If the amount is 1 for example,

And the bank does not want to pay more than 4%, then the amount will be,

4/100 ×1= 0.04

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Many people have argued that an income tax should be​ "marriage neutral," that​ is, two people should pay the same total tax whe
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Ben would pay more in taxes.

Explanation:

A progressive income tax increases the tax rate as the taxpayer earns more money.

In this case, Ben would be taxed as earnings $60,000 which is probably a much higher tax rate than the applicable one for $30,000. If we use the current tax brackets for 2020, Ben would fall under the 22% tax bracket while both Cathy and Dylan would fall under the 12% tax bracket. Obviously Ben would pay much more in taxes.

7 0
3 years ago
analysis, formulation, and implementation are the pillars of research and knowledge about strategic management. this activity is
AlekseyPX

The constant planning, monitoring, analysis, and assessment of all requirements that a company requires to accomplish its goals and objectives is known as strategic management. Organizations will have to reevaluate their success methods on a regular basis as a result of changes in the business environment. The strategic management process aids businesses in taking stock of their current condition, developing and implementing management plans, and evaluating their efficacy. There are five fundamental tactics for strategic management, and how they are implemented will vary based on the situation. On-site and mobile platforms both require strategic management.

The benefits of strategic management are typically seen as both financial and non-financial. A key duty of a board of directors is carried out via a strategic management process, which aids a business and its leadership in thinking about and making plans for the future. The organization's and its employees' direction is established by strategic management. Effective strategic management continuously prepares, monitors, and tests an organization's activities in contrast to static strategic plans, increasing operational effectiveness, market share, and profitability.

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8 0
11 months ago
Gray Company, a closely held C corporation, incurs a $50,000 loss on a passive activity during the year. The company has active
-Dominant- [34]

Answer:

B) False: since it is still a closely held C corporation, it cannot reduce its ordinary income through passive losses. If it hadn't been a closely held C corporation then it could have made the deductions.

Explanation:

Passive losses are losses resulting from financial activities, i.e. investments in other corporations where the investor doesn't participate in.

Passive losses cannot offset ordinary income, they must be matched against passive gains only. If passive losses exceed passive gains, they can be carried forward without limitation.

The only exception applies to C corporations that are not;

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Qualifying C corporations can actually deduct passive losses from certain ordinary income.  

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6 0
3 years ago
The Easy Pack Company includes one coupon having no expiration date with its deluxe snack pack. Upon return of 10 coupons, Easy
Alinara [238K]

Answer:

premium liability (coupon oustanding) $ 1,500

Explanation:

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from this we expect 10% will be redeem: 1,000,000 x 10% = 100,000

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For the sales of we have a premium liablity of 15,000

premium expense    15,000

          premium liaiblity            15,000

<u>We also purchase this silver chip clip:</u>

Premium Inventory 15,000

                Cash                   15,000

During the year, we adjust for the chips clips distributed:

9,000 x $ 1.50 = 13,500

This decreases both, the liablity and the premium inventory.

Premium Liability        13,500 debit

            Premium Inventory       13,500 credit

Adjusted year-end balance:

15,000 - 13,500 = 1,500

3 0
2 years ago
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