It would be important to have a low minimum balance requirement on a student checking account in order to reflect a student's lifestyle.
<h3>What is a minimum balance requirement?</h3>
A minimum balance requirement refers to the minimum amount of money that is required to keep in a bank account, usually in order to claim the account's monthly fee.
Bank required the depositers and account holders to keep the minimum amount of money in the bank account due to various reasons. The major reason is that, it allows the bank to have more deposits, which in turns allows them to lend more money.
Basically, Banks require minimum balances to maintain certain regulatory financial ratio requirements.
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As used in government accounting, expenditures are decreases in net assets. Hence, option A is correct.
<h3>What is
net assets?</h3>
The net assets are the total assets of the company minus the liability of the company, which is the basic calculation of the net assets. It is calculated at the time of preparing a company's balance sheet, and for this purpose, the person has to calculate the trading and profit and loss of the company.
Net assets are considered the equity of the company, and it is the retained earnings of the company. The corporation retains its profits and does not disperse them to the owners. Profits are retained in the company to support its expansion.
Thus, option A is correct.
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Answer:
c. Your fixed lot size was equal to the EOQ.
Explanation:
At economic order quantity, the Holding cost is equal Ordering cost
. Since Holding cost is higher than the Ordering cost, less number of orders are placed and more inventory is being stored.
Answer:
0.69
Explanation:
From the question above on December 31, 2018 a company has an assets of $29 billion and stockholders equity of $22 billion.
On December 31, 2019 the same company recorded an assets of $55billion and stockholders equity of $17billion
Inorder to calculate the debt-to-assess ratio the first step is to find the amount of liabilities
Liabilities= Assets-Stockholders equity
Assets= $55 billion
Stockholders equity= $17 billion
= $55billion-$17billion
= $38 billion
Therefore, the debt-to-assets ratio can be calculated as follows
Debt-to-assets ratio= Total liabilities/Total Assets
= $38 billion/ $55 billion
= 0.69
Hence on December 31, 3019 the debt-to-assets ratio is 0.69
