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3 years ago

When opening a checking account, the bank does not run an account verification if you provide a state-issued ID. true or false

Business

1 answer:

sergij07 [2.7K]3 years ago

4 0

THE ANSWER WOULD BE FALSE IVE TRIED TRUE AND IT WAS WRONG!

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The following facts apply to the pension plan of Culver Inc. for the year 2017. Plan assets, January 1, 2017 $495,100 Projected

tiny-mole [99]

Answer and Explanation:

The preparation of pension worksheet is shown below:-

General Journal entries

Particulars Annual pension Cash Pension Assets/

expenses Liabilities

Service cost $43,700 Dr.

Interest cost $39,608 Dr.

(495,100 × 8%)

Actual return $52,100 Cr.

Contributions $26,600 Cr.

Journal Entry 31 Dec $31,208 Dr. $26,600 Cr. $4,608 Cr.

Balance 31 Dec 217 $4,608 Cr.

Memo record

Projected benefit obligation Plant assets

Balance Jan 1 2017 $495,100 Cr. $495,100 Dr.

Service cost $43,700 Cr.

Interest cost $39,608 Cr.

(495,100 × 8%)

Actual return $52,100 Dr.

Contributions $26,600 Dr.

Benefits $36,500 Dr. $36,500 Cr.

Balance 31 Dec 217 $541,908 Cr. $537,300 Dr.

4 0

3 years ago

Miltmar Corporation will pay a year-end dividend of $5, and dividends thereafter are expected to grow at the constant rate of 4%

morpeh [17]

Answer:

a. 10.04%

b. $82.78

Explanation:

In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below

a. Expected rate of return or market capitalization = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

= 5% + 0.72 × (12% - 5%)

= 5% + 0.72 × 7%

= 5% + 5.04%

= 10.04%

The Market rate of return - Risk-free rate of return) is also known as the market risk premium and the same is applied.

b. Now the intrinsic value would be

= Expected dividend ÷ (Required rate of return - growth rate)

= $5 ÷ (10.04% - 4%)

= $5 ÷ 6.04%

= $82.78

7 0

3 years ago

if the change in reserves in the banking system is $40 million, and the required reserve ratio is 10 percent, then the change in

mote1985 [20]

Answer:

True

Explanation:

5 0

3 years ago

Read 2 more answers

You recently purchased a stock that is expected to earn 20 percent in a booming economy, 15 percent in a normal economy, and los

ICE Princess25 [194]

Answer:

Expected rate of return on stock is 14.86%

Explanation:

The expected rate of return of a stock is the mean return that is expected to be earned by the stock considering the different scenarios that can occur, the return in these scenarios and the probability of the occurrence of these scenarios. The formula for expected rate of return of stock is,

rE = pA * rA + pB * rB + ... + pN * rN

Where,

pA, pB, ... represents the probability that scenario A, B and so on will occur or the probability of each scenario

rA, rB, ... represents the return in scenario A, B and so on

rE = 0.21 * 0.2 + 0.72 * 0.15 + 0.07 * -0.02

rE = 0.1486 or 14.86%

8 0

3 years ago

Google Ads was constructed around three core principles, focused on helping businesses reach their online potential. The first o

tia_tia [17]

Yes helpful information

4 0

3 years ago