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AveGali [126]
3 years ago
8

Interest earnings of 4 percent with a $450 minimum balance; average monthly balance, $600; monthly service charge of $20 for fal

ling below the minimum balance, which occurs five times a year (no interest earned in these months). (Do not round intermediate calculations. Round your answer to 2 decimal places. Input the amount as a positive value.)
Business
1 answer:
Ray Of Light [21]3 years ago
7 0

Answer:

$86

Explanation:

Missing word <em>"What could be the net annual cost"</em>

<em />

Monthly fee = $20

Interest rate = 4% = 0.04

Average monthly balance = $600

Net annual cost = $20*5 - 0.04*$600*7/12

Net annual cost = $100 - $14

Net annual cost = $86

So, the net annual cost of this account is $86.

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What is the difference between earned income, passive income, and investment income?
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Explanation:

Earned income consists of income you earn while you are working a full-time job or running a business.

Passive income is income earned from rents, royalties, and stakes in limited partnerships.

Portfolio income is income from dividends, interest, and capital gains from stock sales.

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3 years ago
Mary buys a new toaster for $500. the toaster's label bears a disclaimer stating that the manufacturer is not liable for consequ
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Answer:

The answer is<u> "$500".</u>

Explanation:

The amount of monetary damages Mary can likely recover from the manufacturer of the toaster is $500, because the disclaimer label on the toaster clearly states that, the manufacturer company is not liable for consequential damages. The damage of the electrical wiring in the kitchen refers to consequential damage because it is not the direct result of the damage of toaster but it is due to the spark in the toaster.

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3 years ago
As it turns out, Brian and Sondra's good fortune with the restaurant has caused their competitors to lose business. In fact, Caj
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Answer: Brian and Sondra have, done nothing illegal

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3 years ago
William ibbs, a professor at the university of california at berkeley, found that high project management maturity results in __
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William Ibbs, a professor at the university of California at Berkeley, found that high project management maturity results in lower direct costs of project management.

Project management is the process of directing the work of a team to achieve all project goals within given constraints. This information is typically documented in the project documentation created at the beginning of the development process. The main constraints are scope, time and budget.

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8 0
2 years ago
Cullumber Company received proceeds of $1176000 on 10-year, 6% bonds issued on January 1, 2019. The bonds had a face value of $1
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Answer:

$74,880

Explanation:

The computation of the amount of interest Cullumber must pay the bondholders is shown below:

= Face value of the bond × interest rate

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We simply multiplied the face value of the bond with the interest rate so that the amount of interest expense could come

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