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Dmitrij [34]
3 years ago
6

Dennis and Rhonda are married with two boys, Blake and Chase. They have the following accounts with the following balances at th

eir local bank: Dennis (single account) $300,000 Rhonda (single account) $100,000 Dennis & Rhonda (joint account) $400,000 Rhonda & Blake (joint account) $100,000 How much of all of their accounts will be insured by the FDIC?
Business
1 answer:
o-na [289]3 years ago
7 0

Answer:

$850000

Explanation:

Dennis ( SINGLE ACCOUNT )  = $300000

Rhonda (single account ) = $100000

Dennis and Rhonda ( joint account ) = $400000

Rhonda and Blake (joint account ) = $100000

The FDIC will insure individual accounts up to the tune of $250000 and also shares of each individual in every joint account will also be insured as well

From Dennis single account  : $250000 is insured

From Rhonda single account : $100000 is insured

from Dennis share in the joint account with Rhonda : $200000 is insured

likewise Rhonda's share which is also : $200000

Rhonda and Blake shares from their joint account will be insured as well : $10000

Total insured amount by FDIC = 250000 + 100000 + 200000 +200000 +100000 = $850000

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2 years ago
THIS IS TIMED!!
Dominik [7]

Answer:

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Explanation:

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7 0
3 years ago
Read 2 more answers
The stock of Business Adventures sells for $50 a share. Its likely dividend payout and end-of-year price depend on the state of
Delvig [45]

Answer:

Holding period return = 14.49%, Standard Deviation = 11.08 approx

Explanation:

Eco Scenario    Dividend     Stock Price  HPR    Prob     Expected HPR

Boom                         3                 60         26        0.33        8.58

Normal                       1.2               58        18.4       0.33       6.072

Recession                  0.75            49        (0.5)      0.33      <u> (0.165)</u>

              Expected HPR                                                       14.49%

<u>Calculation Of Standard Deviation</u>

                                      (A)                     (B)           (A) - (B)  

P_{1}          P_{0}       D_{1}       Given return   Exp return       d          p           p.d^{2}

60        50      3            26                     14.49         11.51       0.33      43.718    

58        50      1.2          18.4                   14.49         3.91       0.33      5.045

49        50      0.75      (0.5)                    14.49        14.99     0.33      <u> 74.15</u>

                                                                                         Total p.d^{2} =  122.91

wherein, d = deviation

               p = probability

               Standard Deviation = \sqrt{Total\ p.d^{2} }  = \sqrt{122.91} = 11.08  

<u></u>

<u>Working Note</u>:

Holding period return = \frac{P_{1}\ -\ P_{0} \ +\ D_{1}  }{P_{0} }

Boom = \frac{60\ -\ 50 \ +\ 3  }{50 }   = 26%

Similarly, for normal = \frac{58\ -\ 50 \ +\ 1.2  }{50 }  = 18.4%

Recession = \frac{49\ -\ 50 \ +\ 0.75  }{50}  = (0.5)%

figure in bracket indicates negative return

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2 years ago
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