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3 years ago

The bank closes your account. which statements are true?

1 answer:

8 0

At least 5 things you need to do as soon your bank closes your account: you need to understand and check with your bank why the account was closed, stop your direct deposits or automatic bill payments, check for outstanding overdrafts, get a copy of your chex systems report and evaluate your options for a new account.

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Patrick Inc. sells industrial solvents in 5-gallon drums. Patrick expects the following units to be sold in the first three mont

rewona [7]

Answer:

The sales budget is prepared below. See table below.

Explanation:

A sales budget shows the expected revenue and units to be sold for a forth coming accounting period. The sales budget for Patrick Inc would look as follows:

Sales budget

Month Units Revenue($)

January 41,000 1,435,000

February 38,000 1,330,000

March 50,000 1,750,000

4,515,000

Note the revenue per month is determined by multiplying the unit to be sold by the price per unit of $35

6 0

3 years ago

Which statement does not accurately describe a characteristic of cash value for whole life insurance?

otez555 [7]

If this question has the same list of choices as the ones posted before, the statement that does not accurately describe a characteristic of cash value for whole life insurance is:
"Policy that accumulates cash value is less expensive than a policy that does not accumulate cash value."

3 0

3 years ago

The common stock of Detroit Engines has a beta of 1.34 and a standard deviation of 11.4 percent. The market rate of return is 11

stealth61 [152]

Answer:

The firm's cost of equity is C. 14.05 percent

Explanation:

Hi, we need to use the following formula in order to find the cost of equity of this firm.

$r(e)=rf+beta(rm-rf)$

Where:

r(e) = Cost of equity

rf = risk free rate

rm = Market rate of return

Everything should look like this.

$r(e)=0.04+1.34(0.115-0.04)=0.1405$

So, this firm´s cost of equity is 14.05%

Best of luck

6 0

3 years ago

Your family owns a small construction company, CopperBuild, that builds custom homes for an upscale architectural firm. Your two

beks73 [17]

Answer:

All the statements apply

Explanation:

1. Avoid mere mechanical descriptions.

This statement applies because it is an architectural proposal, thus, it should include aesthetic descriptions.

2. Emphasize the benefits to the recipient.

The proposal should include the ways CopperBuild would benefit the investors of the shopping center, from an architectural, and financial point of view.

3. Detail your expertise and accomplishments.

CopperBuild should add a few pages highlighting the firm's past experience, this in order to obtain more credibility.

4. Proposals are sales presentations.

This is a good analogy because what CopperBuild is doing by means of the proposal is selling "itself" (its experience, credibility, prestige) to the investors in order to get the contract.

7 0

3 years ago

The use of the money supply to influence the economy is: a. initiated through actions of Congress. b. called countercyclical pol

iogann1982 [59]

Answer:

The correct answer is (E)

Explanation:

There are two major policies which can directly affect the economy of a country; fiscal policy and monetary policy. Monetary policy is generally controlled by federal or state bank which is used to increase or decrease the overall money supply in the economy. Some important tools of monetary policy are interest rate, discount rate and open market operations etc. The monetary policy is often used to target inflation

5 0

3 years ago