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AveGali [126]
2 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]2 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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A society whose economic system is engaged in the processing and control of information is called a(n):
ss7ja [257]
Postindustrial society
7 0
3 years ago
Gantner Company had the following department information about physical units and percentage of completion: Ch21_Q64 If material
Basile [38]

Answer:

200,000 units

Explanation:

The computation of the total no of equivalent units for material during may month is given below:

Units added during May is

= 150,000 + 50,000

= 200,000 units.

Hence, the total no of equivalent units for material during may month is 200,000 units

The same should be considered and relevant  

6 0
2 years ago
I need help please... :) Thank you so much
valina [46]

Answer:

gotta start off with how much i love your quackity pfp <3

Explanation:

1. I would suggest putting the education on your parents credit card. A student loan could be a livesaver in the moment, but if it can`t be paid off it will stick to you as future debt. This is especially hard to get rid of if you were having to take out a loan in the first place, because you don`t/didn`t have the money for it.

2. (this one im not as sure about so get a second opinion if you can) If the card was opened as a Target card, then it can only be used for the store assiciated with it. Also known as RedCard, Target cards are specifically for shopping and buying merchandise in that store or any corresponding locations.

Hope this helps ;-;

8 0
2 years ago
Read 2 more answers
The rule to remember when accounting for bonds sold at a premium or at a discount is that Bonds Payable is always credited for t
Sever21 [200]

Answer:

Cr Bonds Payable account 50,000

Cr Premium on Bonds Payable account 2,000

Explanation:

The complete journal record should be:

  • Dr Cash account 52,000
  • Cr Bonds Payable account 50,000
  • Cr Premium on Bonds Payable account 2,000

Since cash is an asset and it increases, it should be debited.

Since bonds payable and premium on bonds payable are liabilities and they increase, they should be credited.

7 0
2 years ago
Potomac Corporation wants to sell a warehouse that it has used in its business for 10 years. Potomac is asking $450,000 for the
Ivanshal [37]

Answer:

Potomac Corporation will realize $450,000 with the sale of the warehouse

Explanation:

To determine how much money Potomac Corporation realized with the sale of the warehouse we can use the following equation:

money realized = sales price of warehouse +  mortgage assumed by buyer

money realized = $325,000 + $125,000 = $450,000

5 0
2 years ago
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