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iVinArrow [24]
3 years ago
8

Choose all that apply.

Business
2 answers:
Nostrana [21]3 years ago
7 0

Answer: Select each of the tasks associated with opening a checking account.

  • Provide information such as name, address, date of birth, and Social Security Number.

Provide identification.

  • Deposit at least the minimum balance.
  • Sign an authorization card.

Explanation:

When requesting a checking account, customers <u>agree to deposit money into the account and for their part, the bank must fulfill their payment orders.</u>

The first step before opening a checking account <em>is to compare the different alternatives offered by the entities,</em> to know the fees they charge or not for the maintenance of the checking account and the associated products. The second thing you need to open a checking account<em> is to be of legal age and meet the specific requirements </em>set by the chosen financial institution.

vesna_86 [32]3 years ago
4 0
Provide information such as the name address date of birth and social security number verify the account provide identification deposit at least the minimum balance sign an authorization card
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Friendly's quick loans, inc., offers you "$4.10 for $5.10 or i knock on your door." this means you get $4.10 today and repay $5.
storchak [24]
If it costs $5.10 to get $4.10 from Friendly's then the loanee would pay about 24% which is a pretty high interest rate and presumably the interest rate would decrease with a higher amount loaned as on a larger amount the actual amount of interest earned would still be significant with a lower interest rate.
6 0
3 years ago
Read 2 more answers
LO 1.3Which of the following terms means the ability to work in cross-functional teams in order to complete a task?
Fittoniya [83]

Answer:

collaboration

Explanation:

Supervisory skills is the ability to monitor work, duties been carried out to ensure they are successfully completed.

Conceptualization is the ability to create new ideas.

Resource planning is determining the resources needed to carry out a project.

I hope my answer helps you

7 0
4 years ago
Lloyd is the chief financial officer (CFO) for a firm that uses Incentive stock options (ISOs) as part of its executive compensa
Nata [24]

Answer:

the gross pay of Lloyd is $6,250

Explanation:

The computation of the gross pay is shown below:

= Amount received annually ÷ number of months

= $150,000 ÷ 24

= $6,250

Hence, the gross pay of Lloyd is $6,250

we simply applied the above formula so that the correct value could come

The other things would be irrelavant

4 0
3 years ago
Larry lives in Chicago and runs a business that sells guitars. In an average year, he receives $793,000 from selling guitars. Of
OLga [1]

Answer:

a)

1. Explicit cost

2. Implicit Cost

3. Implicit Cost

4. Explicit cost

b)

Accounting Profit is $62000.

Economic Profit is -$3000. (a loss of $3000)

Explanation:

a)

Explicit costs are those costs incurred by a business that require an outlay of money as a result of operating a business.

Implicit costs, on the other hand, are the costs that do not require an outlay of money as a result of operating a business. They are instead the opportunity costs of operating a business or the benefits that are foregone.

1. The wages and utility bills are a result of operating a business and requires and outlay of money as their payment. They are <u>explicit costs.</u>

2. The rental income could have been earned if Larry rented the showroom he is using to operate his business from. The rent foregone is an opportunity cost and is an <u>implicit cost.</u>

3. The salary Larry could have earned is also something that Brian has to forego to operate his business and is an <u>implicit cost.</u>

<u />

4. The cost of purchases paid to manufacturer requires outlay of money and is an <u>explicit cost.</u>

<u />

b)

Accounting profit = Total Revenue - Total explicit cost

Economic profit =  Total revenue - (Total Explicit Cost + Total Implicit Cost)

Accounting Profit = 793000 - 430000 - 301000 = $62000 profit

Economic profit = 793000 - (430000 + 301000 + 15000 + 50000) = -$3000 loss

6 0
3 years ago
Kate's 24-Hour Breakfast Diner menu offers one item, a $5.00 breakfast special. Kate's costs for servers, cooks, electricity, fo
REY [17]

Answer:

The correct answer is option c.

Explanation:

The price of Kate's breakfast special is $5.

The average variable cost is $3.95.

The average fixed cost is $1.25.

The average total cost

= $3.95 + $1.25

= $5.20

The price is not covering the average total cost but it is covering the average variable cost. The firm can continue operating in the short run but stop production in the long run.

6 0
3 years ago
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