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SpyIntel [72]
3 years ago
10

Laura is an 18-year-old student. She is going to open a checking account with an initial deposit of $100. She plans to then have

a $300 average daily balance each month. The cost of checking accounts at several financial institutions is shown in the table below. Based on the information in the table, which financial institution would be the better choice for Laura when opening a checking account?

Business
2 answers:
joja [24]3 years ago
6 0

Answer:

the answer would be bankright because if u add 300 x 12 that would be 3,600 dollars and since shes 18 and that discount that would be five dollars and the monthly fee is 5 dollars. that would be 60s all together and she would have closest to to the her wanted amount so yeah.

Explanation:

brainliest pls

maw [93]3 years ago
5 0
The reason I didn’t look at it is that it was also the same as I had to get the wrong account because it didn’t have a similar problem so it didn’t have a problem I had it in my phone I had a lot to say about the problem and it didn’t have a lot to say I was just like a problem
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snow_tiger [21]

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3 0
2 years ago
Robert Sampson owns a townhouse valued at $185,000 and still has an unpaid mortgage of $150,000. In addition to his mortgage, he
AlexFokin [52]

Answer:

0.31

Explanation:

Given that,

Visa = $ 755

MasterCard = 380

Discover card = 555

Education loan = 3,900

Personal bank loan = 650

Auto loan =  6,000

Total debt  (not including mortgage) = $12,240

Net Worth (not including home) = $39,000

Robert's debt-to-equity ratio:

= Total debt ÷ Net worth

= $12,240 ÷ $39,000

= 0.31

8 0
3 years ago
Santiago company incurs annual fixed costs of $66,000. variable costs for santiago's product are $34 per unit, and the sales pri
babunello [35]

Answer: 6250

Explanation:

From the question, we are informed that Santiago company incurs annual fixed costs of $66,000. variable costs for santiago's product are $34 per unit, and the sales price is $50 per unit. santiago desires to earn an annual profit of $34,000.

The contribution margin ratio approach to determine the sales volume in dollars and units required to earn the desired profit for thus:

Contribution margin ratio = (Sales price - Variable cost)/Sales price

= (50-34)/50

= 16/50

= 0.32

Sales = (66,000 + 34,000)/0.32

= 100,000/0.32

= 312,500

Sales volume in units will be sales divided by price. This will be:

= 312,500/50

= 6250

6 0
3 years ago
On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 60 million, $1.00 par, common shares, t
Verizon [17]

Answer:

1. Dr Stock dividends $60 million

Cr Common stock $60 million

2. $1

Explanation:

Preparation of the journal entry that summarizes the declaration and distribution of the stock split

Journal Entries for Siewert Inc

(In millions)

1. Based on the information given we were told that On June 13, the board of directors of the company declared a 2-for-1 stock split on its 60 million which means that the Journal entry will be recorded as :

Dr Stock dividends $60 million

Cr Common stock $60 million

(To record issue of stock dividend)

2. The Par value per share after split =$1 reason been that split are often in form of stock dividend.

8 0
3 years ago
FDIC is:
seropon [69]

Answer:

c) A government insurance program that will pay back account holders if the bank or lending institution fails

Explanation:

The FDIC is an acronym for Federal Deposit Insurance Corporation. It was founded by Franklin Roosevelt on the 16th of June, 1933.

FDIC is a government insurance program that will pay back account holders if the bank or lending institution fails.

The income generated from the premium payments of insured banks is used to fund or finance the FDIC.

5 0
3 years ago
Read 2 more answers
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