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mixer [17]
3 years ago
9

There may be a maximum balance requirement for a savings account. True False

Business
1 answer:
luda_lava [24]3 years ago
4 0

Answer:

true

Explanation:

For example, if a bank account has a $100 minimum balance requirement, you want to make sure that you don't let your balance fall to $99.99 or less.

You might be interested in
Jared, the operations head at Cerise Confectionery, showed gratitude to his employees by hosting an employee appreciation day. I
Art [367]

Answer:

Leading is the correct answer.

Explanation:

Leading is a process of influencing, directing and guiding a people of an organization to show them a direction.

Leading is the function that is carried out in the management process to motivate the employees to reach the organizational objectives.

Thus leading create a positive attitude among the people working in the organization.

4 0
3 years ago
Scribners Corporation produces fine papers in three production departments—Pulping, Drying, and Finishing. In the Pulping Depart
Arlecino [84]

Answer:

a. costs of production  Pulping: 165000  conversion: 159000

b. Cost per equivalent unit Pulping: 0.65 conversion: 0.20

c. cost of units completed and transferred out: Pulping: 102050 conversion: 31400 Total: 133450

d. Cost of reconciliation:

Cost of beginning in process inventory (4800 + 500) = 5300

Costs added to production during the period (102450 + 31800) =134250

8 0
3 years ago
What is the present value of an annuity that pays $58 per year for 13 years and an additional $1,000 with the final payment
Doss [256]

Answer:

$882.03

Explanation:

Interest rate used is 7.23%

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow in year 1 to 12 = 58

cash flow in year 13 = 1058

I = 7.23

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

6 0
3 years ago
Holly Lane is an accountant with Mildred​ & Lane Co. and she has recently been asked to visit Maine Manufacturers to survey
nevsk [136]

Answer: <u><em>Audit</em></u>

Explanation: In this case the evaluation of financial records of the corporation(Maine Manufacturer) done by Holly lane is known​ an <u><em>audit.</em></u>

Audit is a methodical and autonomous process under which one examines  statutory records(i.e  books, accounts,documents and vouchers) of an institution and also appraise their acquiescence with laws, and provide an assessment  reflecting the expound of organization's financial records.

Therefore, the correct option is (b)

3 0
3 years ago
mark and kate are establsihing a fund for their son's college education. what lump sum must they deposit in an account that give
Elan Coil [88]

Answer:

$51,608.69

Explanation:

Given that

Interest rate = 5%

Future value = $85,000

Time period = 10 years

So by considering the above information, the Present value is

= Future value ÷ (1 + interest rate)^time period

where,

Future value = $85,000

Interest rate = 5% ÷ 12 months = 0.4166%

Time period = 10 years × 12 months = 120 months

Now the present value is

= $85,000 ÷ (1 + 0.4166%)^120

= $51,608.69

8 0
3 years ago
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