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In-s [12.5K]
3 years ago
6

5. An ATM allows a customer to withdraw a maximum of $400. If the customer withdraws more than $200, the service charge is 3% of

only the amount over $200. If the customer does not have sufficient money in the account, the ATM informs the customer about the insufficient funds and gives the customer the option to withdraw the money for a service charge of $30.
Business
1 answer:
tankabanditka [31]3 years ago
4 0

Answer:

//algorithm for ATM money withdrawal

Algorithm: Algorithm for cash withdrawals from ATM.

Input: withdraw_amount

Output: amount+service_charges.

Algorithm:

step 1:

  balance =account balance.

  withdraw_amount = (Get input from user)

 

step 2:

  if(withdraw_amount>400)

      then, print "maximum limit exceeds"

 

step 3:

  if(withdraw_amout<1)

      then, print "enter a valid amount"

 

 

step 4:

  if(withdraw_amount>balance)

      then, print "insufficient balance.. withdraw money $30 as service charges "

 

 

step 5:

  if(withdraw_amount<400 && withdraw_amount<balance)

      if(withdraw_amount>200)

          service_charge=withdraw_amount*(3/100)

          print " Your cash is dispensed... total amount withdrawn +service_charges 30% (withdraw_amount +service_charge) "

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Price floors and price supports set a minimum price below which a good or service cannot be sold. Minimum wage laws and agricult
Sergeu [11.5K]

Answer:

C. A surplus of agricultural goods

Explanation:

Un-intervened markets are at equilibrium where Market Demand = Market Supply. Market Supply curve is upward sloping, due to price - supply direct relationship. Market demand curve is downward sloping, due to price - demand inverse relationship. Both curves intersect at equilibrium.

Price floor is minimum mandated price by government, below which a good cant be sold in the markets. It is usually set above market price, to protect the interest of sellers. Eg : Minimum Support price, of agricultural goods, set for protecting interests of sellers (farmers) from volatile prices.

This mandate set artificially high price : leads to supply being more than demand, as supply is directly & demand is inversely related to price. So, supply > demand implies that agricultural goods are at surplus in markets.

7 0
4 years ago
In a balanced budget, the amount you ______ is ______ the amount you earn.
Anit [1.1K]

Answer:

Answer is b

Explanation:

brainliest maybe?

5 0
2 years ago
Read 2 more answers
You run a stop sign and hit another vehicle. Which type of insurance will pay for the repair of your vehicle
Elena L [17]

You run a stop sign and hit another vehicle. Collisions are the type of that insurance will pay for the repair of your vehicle

This is further explained below.

<h3>What is collision insurance?</h3>

Generally, Collision insurance is a kind of coverage that may assist pay for the repair or replacement of your vehicle in the event that it is damaged in an accident with another vehicle or object, such as a tree or a fence. When you lease or finance a vehicle, the lender will almost always demand you to have collision coverage on the vehicle.

In conclusion, You blow through a stop sign and collide with another car. Your auto insurance company will pay for the repairs to your car if it was damaged in a collision.

Read more about Collisions insurance

brainly.com/question/2738751

#SPJ1

3 0
2 years ago
The law of increasing opportunity costs Multiple Choice applies to land-intensive commodities but not to labor-intensive or capi
yan [13]

Answer:

may limit the extent to which a nation specializes in producing of a particular product.

Explanation:

Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.

Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.

For instance, if you decide to invest resources such as money in a food business (restaurant), your opportunity cost would be the profits you could have earned if you had invested the same amount of resources in a salon business or any other business as the case may be.

The law of increasing opportunity costs can be defined as a principle in business which states that, if an organization or business firm continually raise (increase) its level of production, its opportunity cost also increases (rises).

Consequently, this may limit the extent to which a nation or country in any part of the world specializes in producing of a particular product so as to reduce or lower its opportunity cost.

3 0
3 years ago
1. Answer the below question based upon the following information on Fitbit: Fitbit Year0 Year1 RRF 2% Initial Investment -$5,00
Volgvan

Answer:

$8.53

Explanation:

As per the data given in the question,

Total sales

= 150,000 × $400

= $60,000,000

Variable = $37,500,000

Fixed cost = $1,000,000

Depreciation = $1,500,000

Tax rate = 35% = 0.35

Net Income = (Sales - Variable - Fixed cost - Depreciation) (1 -Tax rate)

= ( $60,000,000 - $37,500,000 - $1,000,000 - $1,500,000)(1 -0.35)

= $13,000,000

Price per share

= Net income ÷ Existing Fit-bit shares

= $13,000,000 ÷ 2,000,000

= $6.5

Total IPO value = Pre-IPO value + Post-IPO value

= [$91,100,000 + (6.5 × 36,500,000)] ÷ ( 2,000,000 + 36,500,000)

= $8.53

We simply applied the above formula

3 0
4 years ago
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