1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
xeze [42]
3 years ago
5

Bill wants to open a checking account to pay bills from and a savings account to cover overdrafts and other emergencies. He want

s online services, and a debit card. He analyzes the following statements of fees from State Bank and Common. Based upon past experience, Bill expects to accidentally overdraft the account 2 times per year, unfortunately, due to unexpected charges and miscommunications. He expects no 2nd copies of statements, and to use network ATMs 4 times per month with State Bank (due to less in-network ATMs being available), or 2 times per month with Common Bank. He has $2500 to deposit to an emergency savings account for overdraft protection, and thinks that the balance will be enough to cover most all overdrafts in the future if automatic transfers are made when needed. Based on the tables of fees, which bank is expected to cost the least amount in fees per year? a. State Bank is expected to cost the least. b. Common Bank is expected to cost the least. c. State Bank and Common Bank would have the same costs for Bill. d. The fees cannot be estimated in advance. \
Business
1 answer:
Sunny_sXe [5.5K]3 years ago
4 0
The correct option is A.
Based on the table of fees, all the banking activities that Bill want to execute will cost more in the common bank compare with the state bank, which has a lower add up charges.
You might be interested in
John would like to save $1,500,000 by the time he retires in 30 years and believes he can earn an annual return of 8%. How much
leonid [27]

Answer:

he need to invest $13,241 each year to achieve his goal

Explanation:

Target Saving Amount = Future value = F = $1,500,000

Number of years = n = 30 years

Inyterest rate = r = 8% = 0.08

Invetment to be made = P = ?

Use following formula to calculate Invetment amount

F = P x ([1 + r]^n - 1 )/r

P = F / ([1 + r]^n - 1 )/r

P = 1,500,000 / ([1 + 0.08]^30 - 1 )/0.08

P = 1,500,000 / 113.2832

P = 13241.15

3 0
3 years ago
For each of the following errors, considered individually, indicate whether the error would cause the adjusted trial balance tot
Mice21 [21]

Answer:

a) The debit  and credit side of the unadjusted trial balance would be increased by $ 5200.

b) The debit side would remain unchanged. No effect will be seen  in the adjusted trial balance.

Explanation:

Effect of adjustments on adjusted Trial Balance.

This first entry would increase the wages expense and increase the liability account in the adjusted trial balance. Both debit and credit side would be increased by an equal amount.

b) This would decrease the Supplies account and increase the supplies expense in the unadjusted account. As both are on the debit side there would be no effect in the debit total.

Sr No                Account                    Debit          Credit

<u>Original Entries</u>

a.               Wages Expense            5200

                      Accounts Payable                         5200

b.             Supplies Expense          1125

                        Supplies Account                          1125

<u>Correct Entries</u>

a.                  Wages Expense          5200

                          Accrued Wages Account Payable       5200

b.             Supplies Expense          1125

                        Supplies Account                          1125

<u>Difference:</u>

<u>a)</u> We see that the first entry which was original passed the debit side is correct but the credit side would have been of accrued wages instead of accounts payable . This is to raise the amount by which wages are still outstanding by an amount 5200 at the end of the month.

This would decrease the accounts payable increase the wages payable . If the adjustment is not made it the salaries payable is understated .

<u>b)This adjusting entry is correct.</u>

5 0
3 years ago
The ______ argues that combining location specific assets or resource endowments and the firm's own unique assets often requires
bulgar [2K]

Answer:

The <u>eclectic paradigm</u> argues that combining location specific assets or resource endowments and the firm's own unique assets often requires FDI.

8 0
2 years ago
How does supply and demand factor into ticket prices
sdas [7]
Tickets are things you use to go into theme parks
8 0
3 years ago
Ziegler Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the
telo118 [61]

Answer:

a. $175.50 and $11,060,000

b. $31,242,500

Explanation:

The computation of the fixed cost and the variable cost per unit by using high low method is shown below:

Variable cost per units = (High total cost - low total cost) ÷ (High units produced - low units produced)

= ($32,120,000- $25,100,000) ÷ (120,000 units - 80,000 units)

= $7,020,000 ÷ 40,000 units

= $175.50

Now the fixed cost equal to

= High total cost - (High units produced × Variable cost per unit)

= $32,120,000 - (120,000 units × $175.50)

= $32,120,000 - $21,060,000

= $11,060,000

Now the estimated total cost is would be

= Fixed cost + expected units of production × variable cost per unit

= $11,060,000 + 115,000 units × $175.50

= $11,060,000 + $20,182,500

= $31,242,500

5 0
3 years ago
Read 2 more answers
Other questions:
  • "what is meant by comparative​ statics? explain with an example".
    9·1 answer
  • David wynn gets an auto loan from his credit union for $10,000. david will make monthly payments over the next four years to rep
    9·1 answer
  • 5. What is the advantage of paying your credit card balance in full each month? *
    13·1 answer
  • Benefit of family buisness​
    5·1 answer
  • Witch most likely indicates a chemical change of occurred
    15·1 answer
  • Why do some job markets offer more potential than others?
    12·1 answer
  • The upper management of Barcelona Restaurant Group believes that success depends on employees who are self-starters and empowere
    7·1 answer
  • Prompt: Write an informative essay that explains the qualities of a hero, and how to recognize heroes in your life.
    6·2 answers
  • How does the government use monetary policy and fiscal policy to achieve its macroeconomic goals?
    10·1 answer
  • Which individual spurred freud’s interest in the unconscious mind?.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!