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3 years ago

Describe at least four ways you can take money out of a checking account.

Business

1 answer:

Klio2033 [76]3 years ago

7 0

Answer:

yes

Explanation:

You, as the account owner, can also withdraw or remove funds from the account. You can withdraw by automatic electronic transfer, check, ATM card or debit card. There are many ways these days to withdraw money from your accounts.

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Question #3

love history [14]

It is a trade surplus

5 0

3 years ago

Read 2 more answers

For an economy starting at potential output, a decrease in planned investment in the short run results in a(n):

Kruka [31]

Question:

For an economy starting at potential output, a decrease in autonomous expenditure in the short-run results in a(n):

A. increase in potential output

B. recessionary output gap

C. decrease in potential output

D. expansionary output gap

Answer:

The correct answer is B

Explanation:

A decrease in autonomous expenditure shifts the Planned Aggregate Expenditure curve downward thus creating a lower equilibrium output.

PAE = C + Ip + G + NX

where

PAE = Planned Aggregate Expenditure

C = consumption

Ip = Investment Spending

G = Government Spending

NX = Net Export

If an economy has its output equal to its potential, this will create a reduction in short-run equilibrium output leading to a recessionary output gap.

Cheers!

6 0

3 years ago

Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a con

Anarel [89]

Missing information:

Balance sheet

Current assets $3,300 Current liabilities $2,200

Fixed assets $10,200 Long-term debt $3,750

Equity $7,550

Total $13,500 Total $13,500

Income statement

Sales $6,600

Costs $5,250

Taxable income $1,350

Taxes (34%) $459

Net income $891

Answer:

$1,350.60

Explanation:

external financing needed = [(assets / sales) x ($ Δ sales)] - [(current liabilities / sales) x ($ Δ sales)] - [profit margin x forecasted sales x (1 - dividend payout ratio)]

EFN = [($13,500 / $6,600) x $1,188] - [($2,200 / $6,600) x $1,188] - [(0.135 x $7,788 x (1 - 0.35)]

EFN = $2,430 - $396 - $683.40 = $1,350.60

External financing refers to the amount of money that a business must either borrow or raise capital in order to keep operating as they have been doing so.

8 0

3 years ago

TJ's and Corner Grocery are all-equity firms. TJ's has 2,500 shares outstanding at a market price of $16.70 a share. Corner Groc

valentina_108 [34]

Answer:

$1.3 per share

Explanation:

Data provided in the question:

Number of shares outstanding of TJ = 2,500

Market price = $16.70

Number of shares outstanding of Corner Grocery = 3,000

Price per share of Corner Grocery = $22.50

Cost of acquiring TJ's share = $45,000

Now,

Merger Premium per share = [ Cost of acquiring TJ's share - Market price of TJ's shares ] ÷ Number shares TJ's outstanding

= [ $45,000 - ( $16.70 × 2,500)] ÷ 2,500

= [ $45,000 - $41,750 ] ÷ 2,500

= $3,250 ÷ 2,500

= $1.3 per share

4 0

3 years ago

Prepare a multiple-step income statement for Armstrong Co. from the following data for the year ended December 31. Sales, $755,0

OLEGan [10]

Answer:

See explanation

Explanation:

Armstrong Co.

Multi-step Income Statement

For the year ended, December 31, 20YY

Sales $755,000

Less: Cost of merchandise sold (330,000)

Gross Profit $425,000

Less: Operating expenses

Administrative expenses $35,000

Selling expenses $50,000

Total operating expenses $85,000

Income from operation $340,000

Other revenue and expenses:

Rent Revenue $25,000

interest expense ($30,000)

Total other revenues (expenses) $(5,000)

Income before taxes $335,000

Less: Income Tax 0

Net Income (loss) $335,000

That is the appropriate way to prepare a multi-step income statement

3 0

3 years ago

Describe at least four ways you can take money out of a checking account. ​

Describe at least four ways you can take money out of a checking account.