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Colt1911 [192]
3 years ago
13

Identify which documents Max needs to open a bank account.

Business
1 answer:
MissTica3 years ago
4 0
Government issued picture ID, as well as a second form of ID. Preferably a social security card.
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Suppose a market basket of goods and services costs $400 in the base year and the consumer price index (cpi) is currently 125. t
Zigmanuir [339]

Suppose a market basket of goods and services costs $400 in the base year and the consumer price index (cpi) is currently 125. This indicates the price of the market basket of goods is now <u>$275</u>.

Inflation is a boom within the standard fee stage. The respectable inflation price is tracked with the aid of calculating changes in a degree called the consumer price index (CPI). The CPI tracks modifications in the cost of residing through the years. Like different financial measures it does a quite precise job of this.

The consumer price index is referred to as that index that is utilized in calculating the retail inflation within the economic system by monitoring the modifications in costs of most normally used goods and services. In other words, the patron charge index calculates the changes in the rate of a common basket of products and offerings.

The CPI tracks the change in retail fees of products and offerings which families buy for or their daily intake. To degree inflation, we estimate how a great deal CPI has accelerated in terms of percentage change over the identical length of the preceding 12 months. If expenses have fallen, it is referred to as deflation (negative inflation).

Learn  more about the consumer price index here brainly.com/question/1889164

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5 0
1 year ago
Which sentence about flexible spending accounts (FSAs) is true? A. The funds in the account remain for as long as you’re employe
blsea [12.9K]

Contributions shall be paid until contributions for eligible spending are removed.

<u>Explanation: </u>

A Flexible Spending Account (FSA) is a kind of savings account that offers specific tax incentives for the account holder. The employer for a contractor provides the FSA, also known as a flexible spending plan. The account requires workers to pay for eligible charges related to medical care and dentistry for a percentage of their daily earnings.

An FSA is a form of savings account that helps workers to pay for authorized expenses in a part of their regular income.

Funds paid to the company shall, due to payroll deductions, be excluded from the worker’s wages.

The money must be invested by the completion of the scheme year in the FSA, but employers can give up to 2.5 months of time until 15 March next year.

4 0
3 years ago
Read 2 more answers
The ______________card can be used anywhere.
Assoli18 [71]

Answer:

Multi-purpose credit is the answer

Explanation:

8 0
3 years ago
Suppose your salary in 2012 is $70,000. Assuming an annual inflation rate of 7%, what salary do you need to earn in 2019 in orde
Yanka [14]

Answer:

Salary 2019= $112,404.7

Explanation:

Giving the following information:

Salary 2012= $70,000

Inflation rate= 7%

Salary 2019= ?

To calculate the nominal value of your salary to maintain the purchasing power, we need to use the following formula:

FV= PV*(1+i)^n

FV= 70,000*(1.07^7)

FV= $112,404.7

3 0
3 years ago
On January 1, Brad Inc. sold $30,000 in products to a customer on account. Then on January 10, Brad collected the cash on that a
ozzi

Answer:

No net effect on the accounting equation.

Explanation:

Given that,

On January 1, Products sold to a customer on account = $30,000

On January 10, Cash collected from a customer = $30,000

Accounting equation is as follows:

Assets = Liabilities + Stockholder's equity

On January 10,

The cash of $30,000 is received from the customer which increases the assets by $30,000 and reduces the accounts receivable by $30,000 which is also a part of assets. Therefore, there is no change or impact on the accounting equation.

3 0
3 years ago
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